While activity is up a bit recently, prices are still falling. As you must know, the fortunate sellers on Kiawah are those who don't "have" to sell therefore those owners can help stabilize prices. Those who "must" sell, do put downward pressure on the market. The PGA Championship, while many propose it will be a boom to the Island, will not likely have an immediate effect on sales, but rather a longer-term, positive impact on Kiawah and Seabrook. Thanks for your question.
Bob Nitkewicz... more
Silver Moss is a beautiful street on Kiawah. Recently, 3 Silver Moss went under contract, 4bed/4 Ba, just under 3000 sqft, and beautifuly renovated, with a fairway view. This home was listed for 1.295. Values on Kiawah vary according to view, location and condition so please keep in mind that this may not be a reflection of your properties value.
For a more detailed competitive analysis, please feel free to give me a call or email.
Kiawah Island Real Estate Executive... more
It really varies and much depends on location, condition and amenities such as a pool. Some homes can produce more, some less than villas. There are different expenses such as you mentioned but not necessarily more...and you would not be pay the regime fees. Currently there are several distressed sales out there and if you picked up one of these, you could yeild a great cap rate. regarding lots, the number of transactions is down almost 50% year to year with prices averaging in the 2003 to 2003 range. Many of the lot sales this year are occuring in the 1M+ bracket.
If you can give me an idea of your overall goals, I can point you in the right direction. Also, cottages are another option, fee simple ownership, but also does have a small (as compared to villas) regime that takes care of some things.... more
Frank, villas like all property on the island have experienced declines over the past three years. Currently we are experiencing a market adjustment of roughly 25-30% off the peak. As you know prices were at their highest in 2006 and have been doing a steady decline since then.
If you would like me to send you the villa sales for the past three years I would be happy to, just email me at danielle@DanielleWhitson.com.... more