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Kiawah reviews report $746M in actual property gross sales for 1st 3 quarters
Residence gross sales proceed to be sturdy throughout the Charleston area, and the upscale resort island of Kiawah isn’t any totally different.
Actual property gross sales got here in at $746 million on 562 properties for the primary 9 months of 2021, the very best exhibiting ever for the gated seaside group hugging the Atlantic Ocean, based on Kiawah Island Real Estate.
The numbers, averaging practically $1.33 million per sale, mirror transactions dealt with by the company, which represents the vast majority of Kiawah gross sales, in addition to gross sales dealt with by different companies.
From January via September of 2020, complete island gross sales got here in $506 million on 413 properties for a 36 % bounce within the variety of gross sales and a 47 % spike in greenback quantity.
Of all island gross sales, Kiawah Island Actual Property dealt with 372 properties for $545 million in comparison with 258 for $345 million throughout the identical interval final yr. That is a 44 % enhance in transactions and a 58 % rise in greenback quantity.
The island’s record-low stock continues with 84 energetic listings, or 1.7 % of all properties.
Home sales drop 2nd time this year; prices did not
Charleston-area home sales are nonetheless wholesome, however they don’t seem to be promoting on the record-breaking charges from a yr in the past, and costs proceed to spiral greater.
By the numbers
231: Variety of items in a new apartment development deliberate on the web site of a former peninsular Charleston milk plant.
2: Variety of occasions in 4 years Palmetto Brewing Co., thought of the oldest in Charleston and South Carolina, has modified palms.
8,920: Sq. footage of a new Dollar Tree discount store deliberate in Goose Creek.
This week in actual property
+ Out with the previous: The proprietor of a long-vacant Bi-Lo supermarket in a Mount Nice purchasing heart plans to demolish the construction and rebuild two flooring of workplace house over retail.
+ Altering palms: A Summerville-area golf course is now beneath new possession after promoting for $2.8 million.
+ First section opens: The preliminary a part of an expansive retail center on the northern aspect of still-developing Nexton is now open.
5 new restaurants coming to Charleston area
Southbound, a brand new eating venue from Charleston-based Free Reign Eating places, plans to open in February at 72 Cannon St. on the peninsula whereas 4 different new culinary ventures are on the best way throughout the area.
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Attain Warren L. Sensible at 843-819-9269. Comply with him on Twitter @warrenlancewise.