Kiawah Island, SC (July 21, 2016) – Kiawah Island Real Estate closed $48.829 million in sales in April, making it the company’s best month of closed sales in eight years. The last time Kiawah Island Real Estate achieved a higher monthly closed volume was in June of 2007, when closed sales was $48.881 million.
In addition, Kiawah Island Real Estate saw $47.2 million in new contracts last month, which is the highest monthly sales volume for new contracts since March 2006, which recorded $56 million. Kiawah Island Real Estate’s market share currently stands at 88.4%.
Record sales in April are indicative of strong island-wide sales results in 2014.
Following a resurgent 2013, the Kiawah Island property market remains strong with a total closed sales volume of more than $311 million in 2014, representing 273 properties on Kiawah and Cassique. Lot sales – the vast majority of which were resales – were especially strong, with sales up 7.5% in 2014 and dollar volume up more than 17%. 2014 marked the fifth straight year lot sales have increased year over year.
“Kiawah is part of a global luxury housing market that is experiencing double-digit growth,” said Chris Drury, President and Broker-in-Charge of Kiawah Island Real Estate. “April was a stand-out month for us, and a good indicator that we’re going to see this positive sales trajectory continue.”