February 05, 2020
Market Analysis Study
At the February 4 meeting, Town Council approved a study to be conducted by the real estate and economic development firm HR&A Advisors aimed at helping the Town, other Kiawah entities, and property-owners better understand the current and future dynamics impacting the island’s property values.
Among its objectives, the study will provide additional data-driven clarity about the community’s property value trends, identify factors influencing property values, and evaluate opportunities to best ensure the long-term health of the residential property market. The results will provide property owners and the town’s various entities such as the Town and community association with direction for supporting and driving positive change in values.
The study will be conducted by HR&A over an approximately six-month period and is expected to incorporate input from an array of community stakeholders, including property owners, the community association, Kiawah Island Golf Resort and Kiawah Partners, and local real estate firms. The firm’s final report, including findings and recommendations, will be publicly available.
Mayor Weaver stated, “Kiawah’s unique brand and its reputation as a premier community, combined with the efforts of our developer and real-estate firms, have historically driven strong property values and demand. We need to ensure that we remain a leading community, understand the evolving expectations of buyers and investors, and are making the policy and investment actions necessary to retain our strong market position.”
HR&A Advisors is an industry-leading real estate, economic development, and public policy advisory firm. They have been in business for over 40 years, worked with clients in the public, private, and non-profit sectors to provide solutions for complex real estate and economic development challenges.