Kiawah Island Real Estate’s (KIRE) first quarter of 2017 was its best first quarter of closed dollar volume in the past 10 years.
KIRE ended the first quarter with 41 closed transactions, compared to 33 transactions closed through March 2016. Additionally, the dollar volume of transactions closed in Q1 of 2017 was 46.2 percent higher than through the previous January, February and March combined.
Year to date, KIRE has $60.5 million in total closings volume, which is higher than last year’s $41.4 million through the first three months of the year.
“Kiawah Island Real Estate just experienced the best first quarter in closed volume since 2007,” said Chris Drury, President of Kiawah Island Real Estate. “This milestone speaks to the strength of Kiawah’s ever-improving market.”
In addition, KIRE signed 51 contracts with a value of $80.3 million during the first quarter. Overall, KIRE is showing an 8.5 percent increase in number of transactions and a 29 percent increase in total sales volume when compared to the first three months of 2016. Significant sales in January attributed to this number, with $16.1 million in new signed contracts in the first month of the quarter, a 68.3 percent increase from January 2016.
According to Drury, the company’s sales pipeline continues to grow.
“Not only was our first quarter closing volume the highest it’s been in a decade, but our number of signed contracts also ended in the top three for first quarters since 2007,” said Drury.