Sales Surge for Highly Valued Homes

Kiawah Island Real Estate has begun 2010 on an encouraging note. In just a few short months, we’ve seen a surge in high-end home sales, yet another sign that the market at Kiawah is stable and healthy.

Although sales for homes priced below $2 million remained fairly strong in 2009, we are now starting to see sales increase for higher priced homes. Last year we closed only 11 properties over $2.5 million. In the last 75 days, however, Kiawah Island Real Estate has already sold six homes at the $2.5 million and above price point. In just two short months, KIRE is well on its way to outselling 2009 in a price bracket that has been stagnant in many other markets around the country.

This sales surge is forecasted to continue on the Island. “With equity markets improving so dramatically in the second half of last year, coupled with the financial stability and strong appeal that Kiawah has demonstrated, we are seeing more buyers in the market, especially those above $2.5 million,” says Chris Drury, president of Kiawah Island Real Estate.

The recently sold homes showcase the diverse properties of the Island. Two homes offer lagoon views, two overlook the ocean, one is situated on the banks of the Kiawah River, and one provides a woods view. Even the neighborhoods are unique. From The Preserve, which focuses on the natural surroundings, to Cassique, a neighborhood built in the Arts and Crafts style, the homes sold reflect Kiawah’s varied home-owning opportunities.

The old adage that all real estate is local is certainly true on Kiawah Island. While sales for higher-end homes are still down in many areas, KIRE is leading the way in this upward trend.

For additional information about Kiawah Island Real Estate or to view our list of properties currently for sale, visit www.Kiawah.com.