Kiawah Island Real Estate sales up 24% through August

Kiawah Island Real Estate reported $20 million in sales from 13 closed transactions in August.

Kiawah Island Real Estate sales are up 24 percent over last year through the first eight months of 2015, the agency reported Wednesday.

The company that handles sales on the upscale resort island south of Charleston reported $190 million in closings through August. Last year’s sales were $153 million for the first eight months.

The number of closed sales for the year through August was 126, one more than last year during the same time frame.

The 2015 numbers got a boost from three sales totaling $39.15 million, all involving properties that former Comcast Corp. vice chairman and finance chief Michael Angelakis bought and sold on the resort island. Those deals accounted for 20.5 percent of the total dollar volume year to date.

For August, the agency said it ended the month with $20 million in sales from 13 closed transactions. The agency did not provide figures for the same month a year ago.

“The summer provided strong sales activity for (the agency), and based on our pipeline, fall is projected to continue this trend,” said Chris Drury, president and broker-in-charge of Kiawah Island Real Estate.

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The agency also saw $40 million in new signed contracts for August. Year to date, Kiawah Island Real Estate has 162 signed contracts worth $239 million, compared to 139 signed contracts with a value of $180 million through August 2014.

The agency handles the majority of the property sales on the island.

Reach Warren L. Wise at 843-937-5524.