More Good News and Updates from KIRE

In June 2010, we closed $44.69 million in Kiawah property sales—our largest volume of closings in three years and an increase of 218.6% from last June’s volume. So far this year, our total closed dollar volume is now $117.6 million! This is 48.7% higher than the same period in 2009 when we closed $79.1 million. Since January 1, we have successfully sold 93 properties for $159.4 million.

Activity is picking up across the board for all different types of properties. We have a diverse inventory of listings and a sales team that is experienced and focused on getting results for both buyers and sellers. Seventeen of our sales executives have 10 or more years experience working with KIRE. As a result, they have worked through the challenges of the market cycles and have a unique understanding of the property and changes in the market on Kiawah.

How did we reach this significant mark in sales? The trend began in early Spring when sales for high-end homes began to increase dramatically. We ended the first quarter of 2010 with $61.5 million. These sales figures were due in large part to an eventful March, which netted  $39.5 million in sales. Following the success of the first quarter, we sold $37 million in April. With 18 new sales totaling nearly $28 million, May was another successful month.