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Sunday, September 22, 2024

Kiawah Island home prices rise in the first half of 2020

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The median sale price of a home sold in the first half of 2020 in Kiawah Island rose by $52,500 while total sales decreased by 47.3%, according to BlockShopper.com.

From January through June of 2020, there were 58 homes sold, with a median sale price of $697,500 - a 8.1% increase over the $645,000 median sale price for the same period of the previous year. There were 110 homes sold in Kiawah Island in the first half of 2019.

The median sales tax in Kiawah Island for the most recent year with available data, 2019, was $9,591, approximately 1.4% of the median home sale price for the first half of 2020.

The following table compares Kiawah Island to other Charleston County cities with similar median sales prices in the first half of 2020:

CityJan. - June 2020 Home SalesJan. - June 2019 Home Sales% change (Total Home Sales)Jan. - June 2020 Median Sales PriceJan. - June 2019 Median Sales Price% change (Median Sales Price)
Sullivan's Island726-73.1%$1,022,500$1,843,437.50-44.5%
Isle of Palms92195-52.8%$703,000$735,000-4.4%
Kiawah Island58110-47.3%$697,500$645,0008.1%
Folly Beach4382-47.6%$625,000$572,5009.2%
Edgewater Park17-85.7%$475,000$430,00010.5%
Secessionville Acres25-60%$470,000$312,00050.6%
Ashley Forest817-52.9%$454,000$390,00016.4%
Meggett515-66.7%$449,000$365,00023%
Mount Pleasant9061,250-27.5%$422,750$435,000-2.8%
Whitehall Terrace4333.3%$420,000$424,000-0.9%
Edisto Island1027-63%$402,500$390,0003.2%

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