1. travel
2. vacation rentals

May 2015
D I G E S T
The Official Publication of the Kiawah Island Community Association
Your Vote Counts Towards Kiawah's Future
Depending on whether you are reading this online or in
print, the information you have been awaiting regarding
KICA’s amenities plan is now, or will soon be, in your hands,
having been scheduled to mail around April 29. The materials
present an Amenities Master Plan, as well as a referendum to
vote on Phase I - the Sandcastle. This recommendation is the
culmination of efforts over many years by many people, and
we believe it responsibly represents KICA's goal of affordably
balancing current and future needs.
Included in the materials is information on the process leading
to the plan, details on both Phase I at the Sandcastle and Phase
II at Rhett’s Bluff Landing, financial considerations, frequently
asked questions and a referendum on which to cast your Phase
I vote. The packet also includes a DVD to allow you to hear
plan details directly from the architects, as well as thoughts
from some of your fellow property owners.
KICA encourages you to thoroughly explore all of the
information in the packet, and online at kica.us/amenities, so you
might make an informed and thoughtful decision. Voting details
are contained on the referendum; deadline for voting is June 1.
Planning for Kiawah’s future is critical, and your vote counts.
Reinvestment Vital to Kiawah's Past and Future
While you are reviewing the amenities proposal and the volumes
of supplemental material on the website, take a moment to review
this recap from an article in the October Digest about how and why
investment in quality amenities has always been a Kiawah foundation.
The Kuwaiti-owned Kiawah Island Company (KIC) opened the
oceanfront Kiawah Island Inn, with two pools and a food and
beverage component, and began selling real estate on Kiawah
in 1976 when the average cost of a new home in the U.S. was
$43,000, the Dow Jones Industrial Average closed the year at
1,004, and real estate sales on Kiawah totaled $12.4 million.
Kiawah development began in the mid-1970s with stateof-the-art amenities for the time. KIC owned the resort,
and planned the facilities needed for both the community
association and the resort. Projects just completed or
underway in 1977 included: restaurants; a homeowners'
beach club with a 25-meter pool with diving well, bathrooms
and dressing areas; the island’s first golf course and pro
shop; a club conference/banquet facility with wood dance
floor, multipurpose meeting and party rooms, and nightly
entertainment; a movie screen; two lighted tennis courts and
a practice alley; a boat launch on the Kiawah River at what
was once known as Shoolbred Point (now Rhett’s Bluff) with
plans for additional marina facilities; and boat storage.
Over the dozen years that KIC owned all of Kiawah, the
company gradually added amenities to become and remain
a first-class resort destination, including the Straw Market,
the Night Heron pool and park
Continued on Next Page...
2
May 2015
Reinvestment Vital to Kiawah (Continued from Previous)
Kiawah Island Inn in the 1970s, billed as a "World of Luxury"
complex, and additional golf and tennis facilities. By the
time the Kuwaitis sold the company, they had ceased making
improvements, and property owners protested the developer’s
lack of interest. Volume and price of sales of existing homes
had stagnated. The beach, the natural beauty of the island, and
the environmentally friendly development plan were laudable,
but not sufficient to sustain high real estate sales.
In 1996, when Kiawah turned 20 years old, KICA built the
Sandcastle Community Center. By then, a new home in the US
averaged $118,000 and on Kiawah, $463,000; the Dow Jones
closed the year at 6,448; the Kiawah Island Club’s Beach Club
was three years old and the River Course had been open a year.
In 2015, the Kiawah community is approaching 40 years
old. In 2013, a home in the U.S. averaged $320,000 and
on Kiawah, $1.74 million; in 2014, the Dow Jones topped
17,000. The Kiawah Island Club has five major facilities. The
KICA board has spent several years exploring actions in light
of the Amenities and Services Task Force (ASTF) finding that
KICA’s amenities for fitness, recreational and social activities
are aging and inadequate.
Some homeowners say that the beach, the natural beauty of
the island and the environmentally friendly development are
sufficient to sustain buyer interest in Kiawah; more say they
want reinvestment. Survey results show that 99% of owners
are satisfied with the beach experience, but satisfaction rates are
lower for fitness and social opportunities, and on the whole,
lower than standard for high-end communities.
The world has changed markedly in the last 40 years, and
homeowners’ expectations of what their communities should
provide have changed with it. The Kiawah of 2014 is not
the Kiawah of 1976 or 1996, but the amenities available to
community association members have not increased or improved
notably. The ASTF report, available in its entirety online,
clearly showed that Kiawah is falling behind other destination
communities in terms of amenities available to members.
Bill Goodwin, owner of Kiawah Island Golf Resort (KIGR),
was quoted in the April 2012 edition of Kiawah Island Talk “The
island is aging. Property owners need to recognize it and get in
front of it...” KIGR continually makes enormous investments
in its own facilities. The Sanctuary has replaced the Kiawah
Island Inn, which was right for its time but not for today, and
KIGR is considering what to do with the Inn property in light
of what future resort guests and buyers will want. KIGR built
the Ocean Course clubhouse, improved other golf facilities,
improved and added to its pools, and has signaled that they
intend to replace the Cougar Point clubhouse.
The master developer, Kiawah Partners (KP), is also making
improvements to Kiawah, most recently the beautiful 240-acre
Ocean Park in the middle of its new residential development
near the Ocean Course, and is expanding the leisure trail
system through the park. As currently planned, Ocean Park
will include approximately 30 acres of parkland, lakes, trails,
paths and natural areas. These KIGR and KP improvements
help to keep Kiawah beautiful, to market it, and to keep
property values high, but KICA has a critical role as well. In
the association’s mission statement, preserving and enhancing
the quality of life and property values is the chief priority.
A recent survey of Kiawah homeowners commissioned by
Kiawah Island Real Estate showed that the percentage of
buyers who “shop” other communities before buying on
Kiawah has increased from 35% in 2011 to 58% in 2014.
These buyers are comparing Kiawah’s offerings to those of
other communities and Kiawah needs to be comparable or
better in order to continue to attract buyers. People are not
deciding quickly to purchase on Continued on Next Page...
3
May 2015
Reinvestment Vital to Kiawah (Continued from Previous)
Kiawah, and they are seeking a family-oriented destination.
Reinvestment is not just about property values, it is equally
about the lifestyle experience.
The KIRE survey indicated two important trends relevant to the
quality of community association amenities. First, a significant
increase in the number of owners who consider this purchase to
be their permanent or retirement home suggests that a greater
number of people will want amenities one would expect to use
year-round. Second, the buyers are slightly younger and have a
higher net worth than in previous survey data; such buyers can
be expected to want high quality amenities. The recent KICA
Amenities Survey supports this analysis; younger and more
recent buyers had more interest in, and higher willingness
to pay more for, state-of-the-art amenities. The president of
Kiawah Island Real Estate recently observed, "Any time you
enhance amenities, unless costs are too high, that adds to the
value for everyone on the island. The costs of the improvements
KICA is considering are not too high. Our fees are a bargain
relative to other communities."
While Kiawah will remain a golf destination because of its
demographics and the quality of the courses, golf is not the
draw it once was. Across the U.S., more courses are closing
than are opening. Half of KICA members play little or no golf.
Facilities for families and for health, wellness and recreation are
more important to most buyers.
Most respondents to the recent KICA Amenities Survey
understood the importance of top-notch amenities to
maintaining property values on the island. Among the
comments from those who did not, “the beach and the leisure
trails are enough to keep people happy” was a common theme.
Were that the case, however, the Kiawah Island Club would
not have grown from an initial 400 to 1,600 members and its
fitness center would not be frequently overcrowded; Sandcastle
meeting rooms would not be over-scheduled day and night and
the fitness space heavily used; the resort would not have needed
to improve its swimming pools or to provide a brochure with
dozens of pages of activities for its guests.
The beach is consistently a top draw for Kiawah. It is no less
pristine than 40 years ago, but successful beach management
decisions and projects have kept it so. The leisure trails were
built by the developer, but KICA maintains and improves them
as necessary; without significant, regular investment they would
rapidly become unusable. Varied amenities supportive of families
and active lifestyles need equal improvement and investment.
If potential buyers match the profile of younger members or
those who have purchased since 2011, top-notch facilities will
be important. The beach and leisure trails will not be enough for
a KICA member who does not belong to the club, and for many,
club memberships are not available or feasible.
In 1976, no one would have thought that the Kiawah Island
Inn would become obsolete. By 1996, the possibility was still
faint. But in less than 10 more years, it closed permanently.
KIGR invested in its future success by building newer and better
facilities. In the New York Times Best Seller Younger Next Year,
authors Chris Crowley and Henry S. Lodge state, “There’s a
critical distinction between aging and decay.” For humans, aging
well requires taking care of one’s self - exercise, a good diet, and
proper care. A community is no different, and we must ensure
that Kiawah at 40 years old takes care of itself and ages well.
Editor’s Note: The full version of this article may be viewed at
kica.us/amenities.
Bohicket Road Resurfacing Set to Begin This Summer
Starting later this summer, your drive to and from Kiawah may
be getting a lot smoother. The South Carolina Department
of Transportation (SCDOT) recently confirmed plans to
completely resurface Bohicket Road on Johns Island beginning
in June or July*.
“The safety of travelers on Bohicket Road is the number one priority,”
said Richard Turner with Charleston County Transportation
Development. “We knew that no matter where the funding came
from (county or state), we were going to resurface the road in 2015.”
According to Turner, the project is being funded by a combination
of monies from SCDOT ($2 million) and the Charleston
County Transportation Sales Tax Program ($2 million). The
funding covers resurfacing the entirety of Bohicket Road from
the River Road/Betsy Kerrison Parkway intersection to Maybank
Highway. Betsy Kerrison Parkway will not be included in the
project as it was resurfaced in 2011.
Until the project begins, Turner said that general maintenance
on Bohicket will continue.
“SCDOT is responsible for maintaining Bohicket Road, and will
continue to do so, repairing potholes, damaged areas, etc. as needed,”
said Turner. “Drivers can report problems by calling 843-740-1655
or entering a work request at http://dbw.scdot.org/workrequest/.”
For more information on the SCDOT, visit scdot.org.
*The project schedule is subject to change without notice.
4
If you have an event you would like included on the calendar, please e-mail [email protected].
May 2015
Community Calendar
Sandcastle: Monday - Friday, 7 a.m. to 5 p.m. • Saturday, 8 a.m. to 5 p.m. • Sunday, 12 to 5 p.m.
Sunday
Monday
Tuesday
Wednesday
Thursday
Celebrate Memorial Day Weekend at the Sandcastle with
Live Music Poolside by Local Band the Majestics Trio
(Sunday, May 24), Delicious Food from the Castle Grille
and Cold Drinks from the Sand Bar!
03
10
All Day - Kiawah Women's
Group Pontoon Tour
17
24
Sandcastle Memorial Day
Celebration Featuring
Live Music Poolside by
the Majestics Trio
KIGR Memorial Day
Weekend Dining Events
31
04
05
06
9 a.m. Photography Club
1 p.m. KICA Board Meeting
1 p.m. Sandcastle Book Club:
"Mary Coin" by Marisa Silver
3 p.m. Environmental
Committee
8:30 a.m. - 4:30 p.m.
Support Kiawah
Conservancy on
Lowcountry Giving Day
10 a.m. Charleston County
Bookmobile
2 p.m. Town Council
3 p.m. Conservation
Matters: Beach Walk and
Seining
3 p.m. Planning
Commission
11
12
13
9 a.m. Photography Club
3 p.m. Communications
Committee
3:30 p.m. SCCC Meeting
18
19
10 a.m. Photography Club
4 p.m. Board of Zoning
Appeals
10 a.m. Charleston
County Bookmobile
26
Happy Memorial Day!
2 p.m. Ways and Means
Committee
KICA and Town of
Kiawah Offices Closed
Sandcastle Memorial
Day Celebration
KIGR Memorial Day
Weekend Dining Events
27
Recurring Events at the Sandcastle
•a.m.
Sandcastle
10
PhotographyBible
Club Study - Mondays at 8:30 a.m. • Sandcastle Bridge - Tuesdays at 1 p.m.
Meeting
• Women's Community Bible Study - Wednesdays at 8:30 a.m.
• Weight Watchers - Wednesdays at 1 p.m.
• Ladies MahJongg - Wednesdays at 1 p.m.
• Intermediate and Advanced Bridge - Wednesdays at 3 p.m.
KICA (Sandcastle)
843-768-3875
kica.us (Events)
Kiawah Cares
843-768-9194
kiawahcares.org
3 p.m. Arts Council
Saturday
01
02
7 p.m. Kiawah Goes to
the Dogs (Charleston
Riverdogs Game)
3 - 7 p.m. Gullah
Celebration
08
09
9 a.m. Kiawah Regime
Council Meeting
14
15
16
21
22
23
KIGR Memorial Day
Weekend Dining Events
KIGR Memorial Day
Weekend Dining Events
KIGR Memorial Day
Weekend Dining Events
28
29
30
10 a.m. Kiawah Art Guild
2 p.m. Public Safety
Committee
20
25
07
Friday
Kiawah Island Golf Resort
843-768-2121
kiawahresort.com
Association Fitness Classes Offered
Yoga
Zumba
Strength and Stretch
Water Aerobics
Body Sculpt
Assorted Cardio Classes
**View class times and descriptions at kica.us (Facilities/Fitness Center).
Please note that all fitness classes are complimentary to members.
- KICA Paddlesports Program - www.tidaltrailskiawah.com -
Freshfields Village
843-768-6491
freshfieldsvillage.com
Town of Kiawah Island
843-768-9166
kiawahisland.org
If you have an event you would like included on the calendar, please e-mail [email protected].
June 2015
5
Community Calendar
Sandcastle: Monday - Friday, 7 a.m. to 6 p.m. • Saturday, 8 a.m. to 6 p.m. • Sunday, 10 a.m. to 6 p.m.
Sunday
Monday
01
Vote on Phase 1 of KICA
Amenity Master Plan Due
by 5 p.m. Vote online at
kica.us/vote.
Tuesday
Wednesday
02
03
10 a.m. Charleston County
Bookmobile
2 p.m. Town Council
3 p.m. Planning
Commission
8:30 p.m. Starlight
Cinema
09
10
Thursday
Friday
05
04
3 p.m. Arts Council
06
Saturday
TOKI Brown Trash Day
6 p.m. Music on the Green
4 p.m. Conservation
Matters: Kayak Adventures
and Sandbar Exploration
(Mingo Point)
12
13
4 p.m. Farmers Market
07
08
4 p.m. Farmers Market
14
15
16
4 p.m. Farmers Market
4 p.m. Board of Zoning
Appeals
21
22
4 p.m. Farmers Market
28
3 p.m. Communications
Committee
3:30 p.m. SCCC Meeting
29
17
10 a.m. Charleston
County Bookmobile
23
2 p.m. Public Safety
Committee
8:30 p.m. Starlight
Cinema
2 p.m. Ways and Means
Committee
8:30 p.m. Starlight
Cinema
24
8:30 p.m. Starlight
Cinema
11
3 p.m. KICA Safety and
Security Meeting
18
6 p.m. Music on the Green
19
20
6 p.m. Music on the Green
25
26
27
6 p.m. Music on the Green
30
10 a.m. Yoga Retreat
4 p.m. Farmers Market
* The Kiawah Island Golf Resort has several ongoing events during the summer. Please refer to their website for a complete listing.
Recurring Events at the Sandcastle
•
•
•
•
•
KICA (Sandcastle)
843-768-3875
kica.us (Events)
Sandcastle Bible Study - Mondays at 8:30 a.m. Sandcastle Bridge - Tuesdays at 1 p.m.
Women's Community Bible Study - Wednesdays at 8:30 a.m.
Weight Watchers - Wednesdays at 1 p.m.
Ladies MahJongg - Wednesdays at 1 p.m.
Kiawah Cares
843-768-9194
kiawahcares.org
Kiawah Island Golf Resort
843-768-2121
kiawahresort.com
Association Fitness Classes Offered
Yoga
Zumba
Strength and Stretch
Water Aerobics
Body Sculpt
Assorted Cardio Classes
**View class times and descriptions at kica.us (Facilities/Fitness Center).
Please note that all fitness classes are complimentary to members.
- KICA Paddlesports Program - www.tidaltrailskiawah.com -
Freshfields Village
843-768-6491
freshfieldsvillage.com
Town of Kiawah Island
843-768-9166
kiawahisland.org
6
Security
Main gate 843-768-5566
Toll Free 866-596-7184
(911 in emergencies)
Commercial pass office 843-768-8240
On The Web
KICA.US - KICA is on Facebook, Twitter,
Instagram and YouTube. Visit the KICA website
for more information.
Digest Contributors
Frances Boyd - Member Volunteer
Virginia Chapel - Member Volunteer
Bill Hindman - Member Volunteer
Shauneen Hutchinson - Member Volunteer
Mary Beth McAnaney - Member Volunteer
Sue Schaffer - Feature reporter
Deb Stewart - Member Volunteer
Russ Warren - Member Volunteer
Staff Production Team
Doug Reynolds - Communications Mgr/Editor
Tammy McAdory - Executive Director
May 2015
Sandcastle Policy Change for Immediate Family
In an effort to more efficiently accommodate our members’ immediate families (adult children,
parents, grandparents and grandchildren), the Sandcastle has adopted a new policy.
The $5 fee for immediate family member guests will be waived as long as member records are
kept current. Regular guest fees will continue to apply for siblings, other extended family and
personal friends.
Members may continue to register extended family and personal friends by completing a
Unaccompanied Guest Application. (Vacation renters are not eligible.) Please contact
Sandcastle Member Services at [email protected] or 843-768-3875 to register immediate
family or request forms.
Fish Safely, Responsibly
Digest Mission Statement
The association is committed to accurately
and effectively reporting news affecting it,
and its members, board, and volunteers, and
to presenting discussions of significant issues
in a balanced and constructive manner.
Statement of Editorial Policy
The association, through its Digest reporters,
shall endeavor to report objectively and
wholly the significant island news relating
to the association and its members. The
association welcomes members’ suggestions on
issues they deem significant for publication
or discussion, and will publish editorials,
identified as such, where there is a need to
clarify, expand, or express views and opinions
on relevant issues. To submit an editorial,
write to Digest care of Doug Reynolds or
email to [email protected].
Here on Kiawah we pride ourselves on our sensitivity to nature.
Recently, KICA’s Land and Lakes team retrieved a carelessly
discarded cast net that was caught on the rocks. About a dozen bait
fish were trapped in the net. Fortunately the fish were alive and
were released back to the pond. Please remember - and remind
your guests and renters - of the abundant wildlife around in and
around our ponds, not only fish, but alligators, turtles, birds and
crustaceans, which are easily injured or killed by careless practices.
Cast nets are frequently used to catch shrimp and bait fish
(mullet, mud minnows, pin fish, menhaden). Because bait fish
congregate in rocky areas, outfalls are popular places to catch
them. All outfalls have rip rap (rocks) around them for erosion
control. This leads to nets becoming hung up in the rocks and
oysters. Staff commonly find abandoned cast nets in such areas.
Most fishing docks are equipped with waste/used monofilament
trash tubes. These are white PVC tubes located at information
kiosks on the docks. Use them to discard fishing line. Use
standard trash cans for everything else. Where they do not
exist, remove trash and unwanted materials when you leave.
Clumps of monofilament drifting around the ponds are very
detrimental to our wildlife.
Fish may be cleaned at the docks. However, waste must be disposed
of responsibly. Do not dump fish waste back into the ponds.
Not only may it attract the unwanted and potentially dangerous
attention of alligators, it is unsightly. A better place to clean fish
is creekside, where the tides and crabs can remove fish carcasses.
Because of the presence of alligators, please fish only from docks,
and never reach into the water to retrieve gear or fish.
While Kiawah is a private community, its ponds are subject to
South Carolina Department of Natural Resources (SCDNR)
regulations. Our ponds are brackish (mixture of salt and
freshwater), and saltwater fishing regulations, including
licenses, apply. Children under the age of 16 are not required to
have a license. License fees vary based on residency status and
duration. License applications, as well as information on fees,
are available online (link DNR) or locally at SeaCoast Sports
in Freshfields Village (843-768-8486) and at the Bohicket
Marina office (843-768-1280)
All fishermen (and women) are responsible for knowing and
adhering to fishing regulations. Visit the SCDNR website, dnr.
sc.gov/fishing, for details.
7
May 2015
Conservancy Leads New Cooperative Study on Alligator Population
A long-term study of Kiawah alligators is now underway. Dr.
Louis Guillette, professor of Marine Biomedicine/Obstetrics
and Gynecology and Environmental Sciences at MUSC and
the Hollings Laboratory, is leading the research team. This
study is a cooperative effort led by the Kiawah Conservancy
with assistance from KICA and the Town of Kiawah Island.
In their first two days on Kiawah, Professor Gillette and his
team caught and released 14 alligators, the longest of which
was over 10 feet in length. For each alligator, they take blood,
urine and tissue samples, determine the sex of the animal, take
measurements of the body, and install a Passive Integrated
Transponder (PIT) tag, which helps to monitor their
movements on the island. Over approximately the next two
months the objective is to capture about 35 additional animals.
Assuming the first-year study yields useful data, the work will
continue for another few years.
The Kiawah study is only a portion of the work being done
by Guillette’s team. They have performed extensive studies of
alligators in Florida and crocodiles in southern Africa. In South
Carolina they are doing similar studies in the ACE Basin and at
the Yawkey Wildlife Center near Georgetown. The importance
of the work on Kiawah is that it is a different ecology than the
other two areas.
In his original proposal to perform the study on the island,
Guillette said, “Kiawah Island appears to support a relatively
robust alligator population, and may be a model for alligator
populations in coastal areas as development continues to
increase. A closer examination of the numbers, health, and
reproduction of alligators on Kiawah will shed light on how
these animals respond to multiple stressors. Second, because
Kiawah’s alligators live on a barrier island, they fit perfectly into
our ongoing long-term research on the ecology of alligators
living in coastal environments.”
To learn more about habitat preservation and restoration
efforts, education programs and research studies sponsored by
the Kiawah Conservancy, visit kiawahconservancy.org. For more
details on Kiawah’s wildlife, visit wildlifeatkiawah.com.
Spruce Up Your Yard with Pine Straw from KICA
After a cold winter, spring is in full bloom and Kiawah Island is
flourishing and green once again. Now is the time to renourish
and revitalize your landscape beds with new pine straw.
As a service to members, KICA offers pine straw (short needle)
bales at a cost of $4 per bale plus tax. Orders must be placed
at least one day in advance and are only available for pick up
at the maintenance site at 20 Kestrel Court on Tuesdays and
Thursdays between 8 a.m. to 3 p.m. Delivery is available on
orders of 100 bales or more for a $50 fee (additional $5 per
every 10 bales over the initial 100).
For more information or to place your order, please contact KICA
Maintenance (Monday - Friday, 7 a.m. - 3:30 p.m.) at 843-7682315, toll free at 866-226-1770 or by e-mail at Kicaland@kica.
us. Payment is accepted via MasterCard, Visa or check.
PRESORTED
FIRST-CLASS MAIL
U.S. POSTAGE PAID
CHARLESTON, SC
PERMIT NO. 167
D I G E S T
c/o Kiawah Island Community Association
23 Beachwalker Drive
Kiawah Island, SC 29455
Address Service Requested
2015 First Quarter Kiawah Island Real Estate Trends
First Quarter 2015 (January-March)
Sales Price
Property Type
Homes
$1 million and below
$1 - 2.5 million
$2.5 million and above
Lots
$1 million and below
$1 - 2 million
$2 million and above
Cottages/Villas
1 bedroom
2 bedroom
3 bedroom and above
#
High
Low
Average
First Quarter 2014 (January-March)
Sales Price
#
High
Low
Average
#
Price
-40%
7%
57%
0%
33%
9%
367,917
-50% 39%
688,750
167,500
5
869,000
180,000
512,133 10
0% 12%
3
1,430,000 1,250,000 1,368,333
3 1,350,000 1,100,000 1,225,000
0%
94%
1
4,000,000 4,000,000 4,000,000
1 2,060,000 2,060,000 2,060,000
247,000
-20%
7%
265,075
295,000
215,000
4
350,000
185,300
5
452,083
-33%
-8%
416,750
675,000
270,000
4
620,000
310,000
6
427,000
594,583
0%
-4%
572,000
975,000
6
640,000
545,000
6
non-commercial
Note: This report is a summary of all sales transactions on Kiawah Island from all sources. This information was compiled by Kiawah Island Real Estate for the exclusive
use of Kiawah Island Digest. While it is believed to be accurate, a lag in reporting recent sales closings may occur due to the nature of obtaining this data from multiple sources.
3
11
4
750,000
2,178,000
5,800,000
535,000
1,050,000
2,750,000
625,000
1,520,485
4,012,500
5
7
3
950,000
2,400,000
4,850,000
370,000
1,025,000
2,700,000
582,000
1,516,429
3,683,333
Quarterly
Change