Kiawah Island Real Estate – November Sales Summary
December 21, 2015
Kiawah Island Real Estate ended November with $25.5 million in sales, which resulted from 12 closed transactions during the month. Year to date, Kiawah Island Real Estate has a total closings volume of $277 million, equating to a 29 percent increase above last year’s $215 million through the first 11 months of 2014. The number of closed sales through November is 193, compared to 174 in 2014 for the same time frame, a 11 percent increase.
In addition, Kiawah Island Real Estate saw $22 million in new signed contracts for November. Year to date, Kiawah Island Real Estate has 206 signed contracts with a value of $299 million, compared to 192 signed contracts with a value of $249 million at the close of November in 2014. This data represents a seven percent increase in the number of transactions and a 20 percent increase in the total dollar volume when compared to the first 11 months of 2014.
According to Chris Drury, President of Kiawah Island Real Estate, total sales volume on Kiawah Island is expected to eclipse $350 million in closings for 2015, which would make 2015 the strongest year for sales since 2007. Kiawah Island Real Estate projects sales volume for its company to exceed $300 million for the first time since 2007. “This is nearly a 25% increase in our year-over-year sales,” said Drury.
