Rick,

The challenge with most of the stats you have received is that 75% of all sales on Kiawah are not reported through our local MLS system. Furthermore the homes and villas can vary from $300k to $14m. For example, two $8m homes sold in early 2008 which caused the averages to swell. However, the average sales price in 2008 was off 15% to 27% from 2006 and 2007.

The three bedroom villas have taken more than a 20% hit.

I sold 9 villas on Kiawah in 2008 and most were priced like villas in early 2005 prior to the large jump in prices.

There are some heavily reduced villas on the market and over the past 3 weeks, we have seen a pick up in sales.

I hope this is helpful.

Steven Ellis
Kiawah Island Real Estate Specialist
Akers, Ellis & Truluck Real Estate
sellis@aetrealestate.com
843-814-1462

Dear Rick,

Thank you for the opportunity to provide you with information on Kiawah Island. Through the end of October in 2007, there had been approximately 115 homes sold on Kiawah and Seabrook Islands with an average sales prive of approximately $850,000. Through the end of October this year, there have been 94 homes sold with an average sales prive of approximately $810,000. There is currently 38 months of inventory on the islands. I would love to chat with you about the market! Give me a call at 843-442-2219, e-mail me at cflowers@woodsflowers.com or visit my website at http://woodsflowers.com to get information for a lifelong Charleston area resident!
Cheryll Woods-Flowers, ABR
Keller Williams Realty

Rick - are you specifically looking for Kiawak or interesting in Seabrook as well. Feel free to email me exactly what you are looking for at rsandin@carolinane.com and I will send you the numbers. Thanks, Randall Sandin, 843-209-9667

2007 Average sales price: 1,120,647
2008: 1,139,500

2007 Average 3 bedroom, Single Family Home: 871,333
2008: 823,250

Please let me know if you'd like any data sent to you.

My best,
Laura Sargent, Realtor ABR
Carolina One Real Estate
lsargent@carolinaone.com
843-509-2375

Average sale price: 1,120,647
Average 3 bedroom, Single Family Home: 871,333

Please let me know if you'd like any data sent to you.

My best,
Laura Sargent, Realtor ABR
Carolina One Real Estate
lsargent@carolinaone.com
843-509-2375