Palmetto Dunes l Shelter Cove l Leamington

The Plaza at Shelter Cove 50P Shelter Cove Lane

Hilton Head Island, South Carolina

Spring 2017

We Have a Great Story to Tell!

Spring has arrived, the azaleas are in bloom, and seven miles of new renourished beach are looking magnificent! Hilton Head Island continues to garner both national and international awards as Travel + Leisure Magazine in 2016 selected Hilton Head Island as the most popular Island in the United States and Canada. Visit schembrarealestate.com for a list of awards. We are so fortunate to call Hilton Head Island our home and very enthusiastic about all the great improvements both on the Island and in our own community of Palmetto Dunes, Shelter Cove and Leamington. I am very passionate about the future of our community, not only for our property owners, but for our real estate values. I have spent the past 41 years specializing and focusing on you, the owners and potential guests who desire to become a resident in our community.

To continue the positive momentum and keep the topic of raising prices in the forefront of our discussion, I set out on a media blitz on “Hilton Head Island …Our Position in the Marketplace” with a goal in mind to inform my colleagues of present and future plans slated for the Island. I began with organizing and moderating a Symposium for realtors and members of the business community on February 23, 2017. The event was held at the Harbour Town Clubhouse with The Sea Pines Resort as our host sponsor and Coastal States Bank as our business sponsor. Over 250 realtors, members of the business community and media were in at tendance, and we received positive feedback. The expert panel included: Steve Birdwell, President of The Sea Pines Resort; Steve Riley, Hilton Head Island Town Manager; Ariana Pernice, Vice President, Visitor and Convention

Bureau of the Hilton Head Island-Bluffton Chamber of Commerce; and James Wedgeworth, Charter One Realty. The panel focused on present and future projects Island-wide, marketing strategies, real estate prices, and what Hilton Head Island needs to do to improve our position as a world-class oceanfront residential resort community. Next, I appeared on WHHI Talk of the Town and WHHI Hilton Head News discussing the symposium and the pulse of the Island real estate market. In addition, an article “A Series of Impending Events” which discussed the symposium while taking a larger look at our prices compared to other high-end residential resort communities on the east coast, appeared in the April issue of Hilton Head Monthly Magazine. In addition, our article, “Hilton Head Island Sells Itself” appeared in the April issue of CH2 Magazine.

Living in a community that has made a commitment to spend close to $750,000,000 (million) in both private and public investment in capital improvements has given us the perfect opportunity to raise prices. Those who have fallen in love with Hilton Head Island today will be ecstatic and will be the beneficiaries of all the positive changes in the foreseeable future. This resurgence of our Island is the “impending event” that we previously discussed. This event is something on the horizon that could have a positive impact on property values, as noted in the Monthly ar tic le. These capital improvements provide “talking points” to each and every realtor on the Island and provide an opportunity to create excitement and enthusiasm to new owners about where we are today but more importantly, where our path will take us in the future.

Dear Palmetto Dunes, Shelter Cove and Leamington Owners,It Pays to Specialize...As a Palmetto Dunes owner and resident since 1976, I made a commitment to specialize 100% in Palmetto Dunes, Shelter Cove and Leamington. Living, working and raising my family in Palmetto Dunes has given me the opportunity to experience how the community has evolved from a quiet, sleepy southern resort into the sought-after world-class residential resort community it is today. I understand that buyers choose Hilton Head Island because they love our community and our “quality of life” and they want to be here with their families, creating lasting memories, having fun with their friends and securing an investment for their future. We offer a world-class lifestyle whether you are a part-time or full-time owner, guest or a member of the mobile workforce.

Understanding the intrinsic value of what made our community extraordinary has provided me a competitive edge along with proven sales results, superior knowledge and expertise in all facets of the community with a history of property values. In today’s market, knowledge, expertise, strong negotiating skills and commitment to both buyers and sellers are extremely important. I have had the competitive advantage of knowing where prices are, where they have been and where they should be moving in the future.

This knowledge is critical in helping a client make an informed decision on what the best property is, at the best price to help them achieve their goals and objectives. It has also given me the opportunity to work with my colleagues in defining the intrinsic value that our community represents.

Because of my commitment to our owners, I have earned the distinction as the #1 All-Time Listing and Selling Agent for homes, homesites and condominiums in one community, all achieved in Palmetto Dunes, Shelter Cove and Leamington with $1,000,000,000 (billion) in personal sales.

“Philip A. Schembra...the ONLY specialist in Palmetto Dunes, Shelter Cove and Leamington”

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Island-Wide Sales...As I continue to focus 100% on Palmetto Dunes, Shelter Cove and Leamington owners, there have been inquiries regarding buying or selling real estate in other areas of Hilton Head Island and the Lowcountry. Our on-site agents will be happy to assist you.

Thank You For Your Business...Thank you for your continued trust and confidence in my knowledge and expertise in our community. I do appreciate your referrals as a great deal of my success has been achieved thanks to you, our owners!

Sincerely,

Philip A. SchembraBroker-In-Charge

schembrarealestategroup.com…For the latest information on:• Company Listings• All Community Listings• Low Country Search

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The Plaza at Shelter Cove 50P Shelter Cove Lane Hilton Head Island, SC 29928843.785.2452 local 800.845.9506 toll-free 843.785.2511 fax phil@schembrarealestate.comThe Palmetto Dunes, Shelter Cove and Leamington NEWS is published by Schembra Real Estate Group four times a year. No part of this NEWS may be reproduced in any form without written permission from Schembra Real Estate Group.

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Our new amenities, things to do and events have taken Hilton Head Island to a renewed level of excellence, for both the Island resident and our guests. As we continue to redevelop and build new facilities, we will only enhance and improve in the coming years, which will have a signif icantly positive impact on prices, not only in Palmetto Dunes, Shelter Cove and Leamington, but throughout the Island. When you compare Hilton Head Island to other high-end resort residential communities on the East Coast, we over-deliver in amenities and under-deliver in property prices.

Why Buy Now…With Hilton Head Island on the radar throughout the world with the vast selection of awards we continue to garner, owners reinvesting or changing their real estate goals and objectives, as well as guests visiting our Island and becoming residents, will ultimately create a deficit in the number of properties we have available. 2017 is shaping up as a year in which we should start seeing a shortage of listings available. (See reverse side) Real estate sales in many parts of the country are increasing and we will get our fair share as the influx of people continue to relocate to the Sun Belt. This demand will outnumber our current inventory in the future. Because we are strictly a resale community, when our sales start to rise, they rise quickly and increased prices follow. Residential resort areas like Hilton Head Island are major beneficiaries when the national real estate market improves, which bodes well for our owners.

Bike Safety Tip...• Watch out for motorists! In South Carolina, motorists must yield to pedestrians and bicyclists, but they may not see you.

• Please ride single file and keep a safe distance from other bicyclists.

Beach Nour ishment Update...As Past Chairman of the 1st Beach Nourishment Committee for the Hilton Head Island Board of Realtors, it excites me every day to experience the beautiful three miles of beach that we have in Palmetto Dunes and Leamington and appreciate the ongoing commitment of the Town of Hilton Head Island. The beach is self-funded through the Beach Preservation Fee. Renourishing the beach has lasting positive impacts on our community as a whole. Some of those benefits include improved property values for owners, increased revenue in tourism, and protection for the environment and wildlife. I have been in communication with the Town of Hilton Head Island and have been advised that we have a permit in place to install sand fences and plant vegetation on our newly renourished beach to re-build our dunes which were lost during Hurricane Matthew in October, 2016. This is a win-win for all as not only are the dunes beautiful, but they act as a protector in the case of a storm.

Community News...The Property Owner Associations in Palmetto Dunes, Shelter Cove and Leamington are doing an outstanding job in each community as they continue to enhance the owner experience and showcase our community to guests who may become a homeowner one day. Palmetto Dunes will soon complete the Queen’s Folly Corridor with new leisure paths, landscaping and road alignment.

The Armada beach path was just completed. The Leamington Beach Club has been a huge success for owners, with great amenities like WiFi. Shelter Cove has a new, beautiful entrance sign and has increased their events while welcoming new businesses to the harbor.

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Palmetto Dunes (PD) | Shelter Cove (SC) | Leamington (L)As of April 5, 2017 - 159 homes, 28 homesites and 334 condominiums for sale

Price Ranges

H O M E SGolf $ 329,000 — $ 1,539,000Golf/Lagoon $ 1,275,000 — $ 1,895,000Lagoon/Golf $ 1,395,000Lagoon/Lake $ 649,000 — $ 1,399,000Wooded $ 599,000 — $ 1,275,0004th & 5th Row Ocean/Lagoon $ 1,295,0003rd & 4th Row Ocean $ 895,000 — $ 1,995,0002nd Row Ocean $ 1,050,000 — $ 2,795,000Oceanfront $ 3,250,000 — $ 4,895,000

H O M E S I T E SGolf $ 249,900 — $ 419,500Golf/Lagoon $ 419,500Lagoon/Lake $ 329,000 — $ 579,000Wooded $ 249,900 — $ 279,0004th & 5th Row Ocean/Lagoon None Available3rd & 4th Row Ocean $ 799,0002nd Row Ocean $ 950,000 — $ 1,599,000Oceanfront $ 2,999,000 — $ 4,195,000

C O N D O M I N I U M SAbbington (L) $ 769,000 — $ 789,000Anchorage (SC) $ 229,000 — $ 349,900Barrington Arms and Barrington Court (L) $ 495,000 — $ 925,000Barrington Park (L) $ 315,000Beach Villas (PD) $ 1,199,000Captain’s Cove (PD) $ 539,000Captain’s Quarters (SC) $ 445,000 — $ 479,900Captain’s Walk (PD) $ 619,000 — $ 899,000CentreCourt (PD) $ 289,500 — $ 369,000Fazio (PD) None AvailableHampton Place (L) $ 449,500 — $ 1,300,000Harbourside I & II (SC) $ 280,000 — $ 385,000Hickory Cove (PD) $ 359,900 — $ 399,000Huntington (L) $ 489,000 — $ 579,000Inverness Village (PD) $ 325,000 — $ 479,000MainSail (SC) $ 520,000 — $ 599,000Moorings (PD) None AvailableNewport (SC) $ 314,900 — $ 449,000Ocean Cove (PD) None AvailablePeninsula at Newport (SC) $ 425,000Queen’s Grant (PD) $ 238,500 — $ 365,000St. Andrews Common (PD) $ 235,000 — $ 299,000Somerset (L) $ 1,295,000 — $ 2,895,000South Shore Commons (L) None AvailableTownhomes at South Shore (L) None AvailableTradewinds (SC) $ 474,865 — $ 559,000Turnberry Village (PD) $ 354,000 — $ 445,000Villamare (PD) $ 450,000 — $ 1,295,000Water Oak (PD) None AvailableWatersEdge (condo/office) (SC) $ 215,000 — $ 355,000Wendover Dunes (L) $ 549,000 — $ 759,000Windsor Place and Windsor Court (L) $ 739,000Yacht Club (SC) None Available

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PRSRT STDU.S. POSTAGE

PAIDHILTON HEAD, SCPERMIT NO. 260

“Specializing in Palmetto Dunes, Shelter Cove and Leamington since 1976”

The Plaza at Shelter Cove 50P Shelter Cove LaneHilton Head Island, SC 29928

Exciting Changes in the Market in 2017!Homes in the 1st Qtr.,2017 had an increase in prices, a decrease in inventory and a slight decrease in units sold or under contract. Conversely, condominiums experienced a dip in prices and sales, but the inventory decreased 9.6%. Homesites had a decrease in prices, but more than doubled in units sold and had a decrease of 38% in inventory. I have two, 2nd-row homesites under contract, both listed over $800,000, and when closed, the average price of homesites will increase considerably.

The 1st Qtr. is never a true indicator of the year. It is too early to make predictions, but rental companies are reporting their phones are busier than ever, consumer confidence is at a 15-year high, the economy is improving, major awards keep rolling in, and the capital improvement programs are in process or slated for the future - 2017 is shaping up to be a great year! Please note that as of this Newsletter, only 5.4% of all properties in our community are listed for sale. This is an extremely low number as we enter our strong selling seasons, which provides the perfect opportunity for owners to raise prices.

Historical Comparison 2007-2017Sales and Prices 1st Quarter: January 1 - March 31

Palmetto Dunes | Shelter Cove | Leamington H O M E S H O M E S I T E S C O N D O M I N I U M S

Year Sold Avg. Price Inventory UnderContract

Year Sold Avg. Price Inventory UnderContract

Year Sold Avg. Price Inventory UnderContract

2007 8 1,070,312 106 9 2007 1 825,000 30 0 2007 27 717,057 266 132008 9 889,666 112 7 2008 1 585,000 27 0 2008 24 560,836 254 192009 4 823,250 128 4 2009 1 650,000 28 2 2009 16 406,494 248 82010 12 924,708 109 12 2010 2 552,500 29 1 2010 30 421,613 219 172011 7 1,635,700 102 13 2011 1 375,000 29 1 2011 20 487,375 217 242012 6 698,863 95 10 2012 2 390,000 25 3 2012 24 480,146 180 362013 7 995,286 87 7 2013 5 350,000 21 1 2013 36 536,043 157 332014 12 1,022,630 91 7 2014 1 2,254,000 23 1 2014 23 419,822 143 212015 14 1,110,307 81 12 2015 1 575,000 25 0 2015 22 404,455 135 252016 12 1,301,208 78 12 2016 1 415,000 26 1 2016 31 525,839 142 212017 12 1,440,625 70 10 2017 3 341,667 16 2 2017 22 438,968 127 25