2010 mid-year sea pines market report

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2010 Mid-Year Market Report

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A look at the real estate market activity in Sea Pines Plantation on Hilton Head Island.

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Page 1: 2010 Mid-Year Sea Pines Market Report

2010 Mid-Year Market Report

Page 2: 2010 Mid-Year Sea Pines Market Report

FeaturedRecent Sale:

Commitment! This is the basis for all that we do at Collins Group Realty, and we are proud to exhibit that through our efforts to give you the BEST information available about the Sea Pines Plantation real estate market. Enjoy this latest edition of the Sea Pines Plan-tation Market Report!

Market Trends:28 Governors Lane

List Price: $569,000Sales Price: $535,000 Seller: Yasushi and Ashley Tomita “After two years with other realtors you got our house sold despite the bad economy.”

From 20,000 Feet: One of the most common questions I get asked is “When is the market going to come back?” Well, it seems clear that the market we enjoyed from 2000-2006 is now a faint distant memory. The expectation that we can or will get “back” to that level of pricing anytime soon is not realistic, unfortunately. I am certain that we will experience price appre-ciation in the years to come, but we need to work through the high inventory and the preva-lence of foreclosures/short-sales before the groundwork for price appreciation can take root. In any event, the much-wanted recovery starts with VOLUME of sales, since that speaks to demand…and I can assure you that demand for Hilton Head Island and Sea Pines in particular is very high. Our website visits and registrations have never been higher, the Island feels like it is at nearly 100% occupancy this Summer, and the volume of sales for the first half of 2010 is up over 2009. This is all GREAT news…and the trends seem to be connected and strengthening. It is always important to remember that Hilton Head Island is still the same magical, beautiful place it has always been. We have been blessed to be free from major storms and other natural/environmental disasters, and our robust and vibrant community is filled with wonderful people, great opportunities, world-class amenities, and some of the most spec-tacular natural beauty you can find anywhere. (At Collins Group Realty, THIS is what WE are selling, and that is why our market-share is up 18% from this time last year.) So, when you consider our real estate “product” here on Hilton Head, we shine favorably among the regional competition, which is a huge advantage. If the economy stays in check/improves and we can avoid any major disturbances from storms this season, I think we can expect to see sales continue to strengthen through the second half of this year. Hopefully this will include an increase in activity across the homes, villas AND lots categories, so that sellers who are would-be buyers can become un-anchored and build that much more momentum to the marketplace. The following is some commentary pertaining to the statistics/graphs for sales activity in Sea Pines Plantation that you see on the opposite page: Sales Activity (Graphs A & B): Pending home sales in Sea Pines had the best quarter we have seen in a long time in the 2nd quarter of this year, while pending villa sales seemed to stay about on average with what we saw in 2009. Lot sales remain essentially non-existent, since many buyers sense that they can secure a better “buy” on a lot when they buy a resale home. While the math may prove thisout in some cases, it is ironic since there has probably never been a better time to get a great deal on new home construction given the current low demand for builders and supplies. What’s Selling (Graph H): Once again, the greatest percentage of home sales in Sea Pines is taking place in the $500,000 - $1,000,000 range (a full 38% of the market activity, in fact); however, there has been a healthy number of sales in the over $1,000,000 price point, which has lead to the jump in average selling prices that you see in Graph D. Some of the factors associated with the focus on sales in the “below average” price range include lack of buyer

· #1 Top Selling Group/Team in Sea Pines Plantation for 2010

· #3 Top Selling Company in Sea Pines Plantation for 2010

· #3 Top Selling Group/Team in Hilton Head/Bluffton Marketplace for 2010

· #1 Top Ten Company for Highest # of Sales/Agent in 2010

· 18% Increase in Market Share in 2010 over 2009

Collins Group Realty 2010 YTD

Performance Statistics

Page 3: 2010 Mid-Year Sea Pines Market Report

MARKET TRENDS continued

Chip CollinsBroker/OwnerCollins Group Realty17-Year Sea PinesResident/Owner

confidence, smaller pocketbooks, and challenges presented by lenders in qualify-ing buyers for non-conforming (i.e., above $417,000) loans – especially on second/investment homes. Days on Market (Graph C): There has been nice, steady decline in the time required for homes in Sea Pines to sell over the past 4 quarters, while villas have

seen the opposite trend, posting the highest days-on-market statistic we have seen in well over a year. The demand for homes is obviously higher than villas at this time, and when buyers see a “great deal” come on the market, in most cases those homes won’t last long on the market at all (some selling in less than a week). While fore-closure and short-sale listings contribute

greatly to the inventory of these “great deals”, they nonetheless help us dem-onstrate that buyers don’t have “all day” to make their buying decisions – and buyer urgency is a critical factor in the strengthening of our marketplace. Average Selling Prices (Graphs D & G): Ironically, at this point in our market, this statistic has become the most deceiving on paper. Graph D shows a sharp increase in average selling prices, which is clearly more a statement of the mix of properties that have actually sold 2010 YTD than it is of what is happening to overall prop-erty values. That being said, though, the increase in higher-end sales builds confidence in the marketplace, which is also a necessary factor for market recovery. Also helpful, the sales price/list price ratio for home sales in 2010 topped over 93% again, and villas are edging toward 92%. I believe that the biggest contributing factor to this is the increasingly-realistic outlook that sellers are taking when it comes to pricing their property for sale. Inventory Levels (Graphs E & F): While the number of homes and villas currently listed for sale in Sea Pines is the highest we have seen in a year and a half, I contend that we have clearly reached a critical mass of around 250 homes and 150 villas – these seem to be the inventory “ceilings” we have experienced since the market started to decline. It is my expectation that these levels will hold, even if/as sales vol-ume increases over the next year, since for every seller ON the market, there is likely another would-be seller waiting to go on the market sometime soon. The Bottom Line: We have prob-ably seen the worst that the market has to offer, but we are far from being out of the woods yet. Patience, realistic pricing, quality property condition, savvy marketing and a diligent focus on the finish-line are essential now more than ever to having successful selling RESULTS in today’s market. Thanks, as always, for your interest in my market update…and for your consideration of my professional real estate services!

Page 4: 2010 Mid-Year Sea Pines Market Report

Chip Collins

Full-TimeAgents Sea Pines Home Sales Closed Year To Date (as of July 12, 2010)

Full Sold Days List SalesStreet Address Bedrooms Baths Date On Market Price Price

Ann Eden

Carl Girth

Joan Weaver

Serena Crisan

Bill Weis

Andrea Albright

Earl Long

Howard Cohen

27 Acorn Lane 3 2 6/30/2010 214 $289,000 $284,500 29 Acorn Lane 3 2 1/19/2010 31 $329,000 $305,000 14 Audubon Pond Road 3 2 3/19/2010 66 $614,900 $610,000 25 Baynard Cove Road 5 3 3/26/2010 293 $1,195,000 $1,050,000 59 Baynard Cove Road 4 5 6/30/2010 148 $1,690,000 $1,450,000 11 Baynard Park Road 3 2 7/2/2010 27 $475,000 $465,000 51 Baynard Park Road 3 3 3/24/2010 26 $1,950,000 $1,800,000 2 Black Duck 5 5 7/1/2010 2 $1,995,000 $1,950,000 13 Braddock Cove 5 5 6/7/2010 242 $1,249,000 $1,249,000 34 Canvasback 4 4 5/17/2010 27 $1,795,000 $1,715,000 13 Cedar Waxwing 4 3 3/15/2010 1234 $1,999,000 $1,600,000 188 Club Course Drive 3 3 2/26/2010 85 $599,000 $557,500 189 Club Course Drive 3 2 1/15/2010 293 $699,000 $630,000 2015 Deer Island Road 2 2 7/10/2010 3 $275,000 $195,000 2060 Deer Island Road 2 2 3/5/2010 45 $189,000 $180,000 2075 Deer Island Road 2 2 6/1/2010 23 $359,000 $275,000 14 Deer Run Lane 3 2 1/29/2010 118 $749,900 $695,000 38 Deer Run Lane 4 4 5/21/2010 30 $759,000 $735,000 8 Evergreen Lane 3 2 2/22/2010 525 $360,000 $330,000 12 Evergreen Lane 3 2 3/17/2010 28 $297,000 $297,000 18 Evergreen Lane 3 2 2/19/2010 71 $324,500 $300,000 82 Forest Drive 3 2 3/17/2010 120 $464,000 $455,000 28 Governors Lane 4 4 2/16/2010 81 $569,000 $535,000 50 Governors Road 3 2 6/8/2010 132 $599,000 $580,000 2 Greenwing Teal 5 6 4/7/2010 373 $2,495,000 $2,150,000 47 Gull Point Road 5 5 1/22/2010 136 $1,975,000 $1,735,000 2 Heritage Road 4 4 5/27/2010 769 $569,000 $525,000 15 Isle of Pines 3 2 6/10/2010 158 $389,000 $365,000 19 Lands End Road 3 3 3/24/2010 223 $1,349,000 $1,150,000 7 Marsh View Drive 4 4 3/3/2010 156 $899,000 $899,000 15 Mizzenmast Lane 4 4 6/1/2010 51 $950,000 $920,000 4 Muirfield 3 3 4/30/2010 43 $499,000 $480,000 71 North Calibogue Cay Road 5 5 4/30/2010 355 $2,800,000 $2,600,000 74 North Calibogue Cay Road 5 4 6/11/2010 66 $2,699,000 $2,525,000 26 North Live Oak Road 5 6 5/24/2010 51 $3,650,000 $2,750,000 121 North Sea Pines Drive 5 5 5/21/2010 94 $1,395,000 $1,250,000 33 Oak Court 2 2 1/19/2010 290 $359,000 $320,000 3 Old Military Road 3 3 2/23/2010 48 $699,000 $627,000 95 Otter Road 3 3 3/16/2010 47 $299,900 $285,000 26 Pine Island Court 2 2 6/7/2010 619 $499,000 $460,000 22 Pine Island Road 3 2 7/8/2010 66 $479,000 $440,000 6 Planters Wood Drive 4 4 6/16/2010 5 $799,500 $767,500 30 Red Oak 4 4 4/1/2010 72 $1,095,000 $965,000 10 Rice Lane 2 1 5/17/2010 135 $299,000 $280,000 1 Ruddy Turnstone Road 4 3 5/12/2010 59 $1,290,000 $1,101,000 11 Sandhill Crane 6 6 5/7/2010 11 $1,210,000 $1,300,000 1 Seaside Sparrow Road 7 7 7/10/2010 4 $1,350,000 $1,305,000 7 Seaside Sparrow Road 4 4 1/20/2010 33 $1,299,000 $1,100,000 9 Seaside Sparrow Road 6 7 4/29/2010 278 $3,595,000 $3,100,000 12 Snowy Egret 5 4 6/14/2010 149 $1,699,000 $1,500,000 16 Snowy Egret 4 5 4/12/2010 198 $1,395,000 $1,275,000 4 Sorgum Lane 3 2 4/26/2010 6 $319,000 $319,000 46 South Beach Lane 4 4 2/26/2010 140 $1,799,000 $1,610,000 7 Spotted Sandpiper 7 7 3/19/2010 181 $2,300,000 $2,050,000 16 Stoney Creek Road 4 4 7/2/2010 42 $873,000 $815,000 10 Surf Scoter Road 4 3 6/30/2010 391 $879,000 $750,000 12 Surf Scoter Road 4 4 7/8/2010 553 $889,000 $794,000 8 Sylvan Lane 3 3 3/9/2010 179 $795,000 $685,000 24 Turnberry Lane 3 2 2/16/2010 74 $674,900 $600,000 30 Twin Pines 2 2 1/14/2010 107 $499,000 $435,000 41 Wagon Road 3 2 4/20/2010 65 $569,000 $540,000 24 West Willow Oak Road 3 3 6/1/2010 140 $535,500 $510,000 5 Wildwood Court 3 2 3/24/2010 74 $549,000 $500,000 10 Wildwood Road 2 2 5/28/2010 27 $335,000 $299,000 28 Willow Oak Court 4 4 3/2/2010 2 $999,000 $955,000 27 Windjammer Court 4 4 5/10/2010 34 $1,050,000 $985,000

Page 5: 2010 Mid-Year Sea Pines Market Report

If you’re thinking of selling a home in Sea Pines, here are some statistics you may want to consider:

Additionally, 100% of our Sea Pines property sales this year have been closed on time - a result of our experienced staff support!

Please call Chip Collins – our broker-in-charge, long-time Sea Pines resident, and recipient of the “Hilton Head’s Best Real Estate Agent” award in 2010 by readers of the Island Packet. Chip can show you how our focus on Sea Pines real estate and our dedicated service can help you fully meet your goals

Results.

Gail Bonnett

OutstandingStaffSea Pines Villa Sales Closed Year To Date (as of July 12, 2010)

Sea Pines Lot Sales Closed Year To Date (as of July 12, 2010)

Full Sold Days List SalesVilla Address Bedrooms Baths Date On Market Price Price

Sold Days List SalesLot Address View Size Date On Market Price Price

For Homes Sold In Sea Pines Since January 1, 2009Listing Agent: Collins Group Realty All Others

Average time required 152 days 189 daysto sell home

Average Selling Price, as a 93% 91%percent of List Price

Kent Collins

Kimberly King

Ollie Wingfield

Anne Barrett

52 Baynard Park Road Wooded Full 4/30/2010 67 $499,000 $470,000

1875 Beachside Tennis Villas 2 2 6/7/2010 0 $769,000 $769,000 1685 Bluff Villas 1 1 2/5/2010 126 $230,000 $200,000 1718 Bluff Villas 2 2 4/5/2010 364 $378,300 $355,000 375 Briarwood 2 2 4/28/2010 212 $389,000 $360,000 1042 Caravel Court 3 3 1/12/2010 12 $479,000 $450,000 805 Clipper Court 3 3 6/30/2010 283 $429,000 $399,500 923 Cutter Court Villas 1 1 2/26/2010 437 $239,000 $215,000 66 Fairway Lane Villas 2 2 5/14/2010 43 $475,000 $455,000 2519 Fairway Oaks Villas 2 2 3/29/2010 83 $397,500 $350,000 864 Ketch Court Villas 1 1 6/28/2010 193 $200,000 $200,000 870 Ketch Court Villas 1 1 5/10/2010 27 $198,000 $170,000 106 Lawton Villas 2 2 4/29/2010 131 $275,000 $250,000 43 Lighthouse Road Villas 2 2 5/21/2010 30 $349,900 $322,000 680 Mariners Way Villas 2 2 6/30/2010 306 $238,000 $199,000 559 Ocean Course Villas 2 2 6/30/2010 1033 $649,000 $550,000 464 Plantation Club Villas 2 2 4/9/2010 10 $334,500 $310,000 477 Plantation Club Villas 2 2 3/29/2010 287 $339,000 $318,000 528 Plantation Club Villas 2 2 5/21/2010 232 $299,900 $285,000 544 Plantation Club Villas 3 3 2/4/2010 167 $439,500 $400,000 2330 Racquet Club Villas 1 1 4/19/2010 351 $249,900 $225,000 286 Stoney Creek Villas 3 3 1/28/2010 415 $397,000 $367,000 38A Stoney Creek Villas 3 3 6/16/2010 34 $450,000 $450,000 181 Twin Oaks Villas 3 3 4/1/2010 138 $695,000 $695,000

Need more info?We can send you an area-wide, up-to-date market report with all sorts of great graphs and statistics on the Hilton Head/Bluffton marketplace.Contact us today!

Page 6: 2010 Mid-Year Sea Pines Market Report

HOMES BR BA BA PRICE1/2

PENDINGHOMES BR BA BA PRICE

1/2

1 Acorn Lane 3 2 0 $379,000 13 Acorn Lane 3 2 0 $339,000 20 Acorn Lane 3 3 0 $349,000 32 Acorn Lane 3 2 0 $359,000 23 Atlantic Pointe 4 4 3 $7,450,000 1 Bald Eagle West 4 3 1 $1,079,000 2 Bald Eagle West 4 5 1 $2,295,000 6 Bald Eagle West 3 2 1 $850,000 9 Bald Eagle West 3 3 1 $1,195,000 12 Bald Eagle West 5 3 0 $1,295,000 5 Bateau Road 3 2 1 $625,000 8 Bateau Road 4 4 0 $749,000 17 Bateau Road 3 2 1 $499,000 28 Bateau Road 3 3 0 $1,059,000 21 Battery Road 4 4 0 $1,079,000 39 Battery Road 4 3 0 $899,000 6 Baynard Cove Road 4 4 0 $1,285,000 10 Baynard Cove Road 3 2 1 $749,000 29 Baynard Cove Road 5 4 1 $1,795,000 57 Baynard Cove Road 4 4 0 $2,250,000 63 Baynard Cove Road 4 4 2 $3,200,000 5 Baynard Park Road 4 4 0 $1,249,000 17 Baynard Park Road 3 2 1 $850,000 23 Baynard Park Road 6 7 1 $3,250,000 2 Beachside Drive 4 4 0 $995,000 9 Beachside Drive 4 4 0 $1,399,000 18 Beachside Drive 4 4 0 $1,199,000 6 Belted Kingfisher 6 6 0 $2,495,000 14 Belted Kingfisher 4 2 0 $889,000 25 Belted Kingfisher 6 4 2 $6,750,000 3 Black Duck Road 5 5 1 $2,995,000 7 Black Duck Road 6 7 0 $3,995,000 9 Black Duck Road 6 6 1 $5,900,000 12 Black Tern 6 5 1 $1,395,000 4177 Braddock Cove Club 3 3 1 $940,000 4187 Braddock Cove Club 3 3 1 $799,000 6 Brown Pelican 6 5 0 $4,299,000 5 Calibogue Cay Road 3 3 1 $1,795,500 22 Canvasback 5 4 1 $1,295,000 30 Canvasback 6 5 1 $2,995,000 4 Catbird Lane 3 2 1 $895,000 1 Cedar Waxwing 3 3 0 $1,185,000 2 Cedar Waxwing 4 4 1 $1,599,000 6 Cedar Waxwing 4 4 0 $1,595,000 16 Cedar Waxwing 6 6 0 $5,350,000 63 Club Course Drive 3 3 1 $595,000 2014 Deer Island Road 2 2 0 $329,500 2025 Deer Island Road 2 2 0 $379,000 2042 Deer Island Road 2 2 0 $349,9002068 Deer Island Road 2 2 0 $449,000 34 Deer Run Lane 3 3 0 $650,000 39 Deer Run Lane 3 2 0 $599,000 55 Deer Run Lane 3 3 0 $799,000 1 Duck Hawk Road 4 4 0 $1,700,000 3 Duck Hawk Road 4 4 1 $1,495,000 27 Duck Hawk Road 6 6 0 $3,995,000 1 Fawn Lane 3 2 0 $360,000 11 Fern Court 4 4 1 $995,000 14 Forest Drive 3 2 0 $549,000 32 Forest Drive 3 2 1 $525,000 2 Gadwall Road 4 3 1 $950,000 3 Genoa Court 5 5 0 $1,425,000 8 Genoa Court 4 4 0 $995,000 7 Governors Lane 3 3 0 $749,000 13 Governors Lane 3 4 1 $799,000 16 Governors Lane 2 2 0 $299,000 34 Governors Lane 4 3 1 $499,000 12 Governors Road 3 2 1 $750,000 15 Governors Road 3 3 0 $679,000 47 Governors Road 3 2 0 $395,000 58 Governors Road 3 3 0 $525,000 81 Governors Road 3 2 0 $449,000 105 Governors Road 4 4 1 $1,195,000 5 Green Heron 5 4 0 $1,349,000 15 Green Heron 6 6 1 $2,695,000 25 Green Heron 6 6 1 $4,350,000 26 Green Heron 5 5 1 $3,950,000 5 Green Wing Teal 6 6 0 $2,995,000 6 Green Wing Teal 7 5 0 $2,395,000 9 Green Wing Teal 4 4 0 $1,695,000 5 Greenwood Court 4 4 1 $1,995,000 8 Greenwood Court 3 3 0 $897,000 9 Greenwood Court 5 5 1 $1,395,000 345 Greenwood Drive 4 3 1 $759,000

365 Greenwood Drive 3 3 1 $1,195,000 18 Grey Widgeon 5 7 1 $6,950,000 48 Gull Point Road 3 4 0 $1,250,000 1 Gunnery Lane 3 3 0 $699,000 20 Gunnery Lane 4 3 0 $945,000 8 Harleston Green 3 3 0 $679,000 12 Harleston Green 4 3 2 $1,200,000 35 Hearthwood Drive 4 4 1 $1,295,000 34 Heritage Road 4 3 1 $939,900 71 Heritage Road 3 2 0 $775,000 23 Hollyberry Lane 2 2 0 $369,000 14 Isle of Pines Drive 3 2 0 $460,000 17 Isle of Pines Drive 3 3 0 $349,000 23 Isle of Pines Drive 4 3 1 $579,000 9 Jessamine Place 4 3 0 $1,095,000 6 Lands End Road 3 3 0 $829,000 31 Lands End Road 3 3 0 $1,320,000 39 Lands End Road 3 3 0 $1,325,000 40 Lands End Road 3 3 0 $1,095,000 48 Lands End Road 4 4 0 $1,800,000 45 Lawton Road 4 3 0 $449,000 47 Lawton Road 3 2 1 $498,000 94 Lawton Road 4 3 1 $559,000 15 Magnolia Crescent 3 3 0 $950,000 8 Marsh Drive 4 3 1 $649,000 28 Marsh Drive 4 4 0 $1,399,999 2 Marsh Island Road 4 4 1 $2,495,000 27 Marsh View Drive 3 3 0 $699,900 1 Marsh Wren 5 4 0 $949,000 4 Merganser Court 3 3 0 $995,000 9 Mizzenmast Court 3 3 0 $850,000 11 Mizzenmast Court 4 4 0 $895,000 12 Mizzenmast Court 3 3 0 $779,000 16 Mizzenmast Court 5 5 0 $1,495,000 2 Newhall 3 2 0 $668,900 12 Night Heron Lane 2 1 0 $325,000 19 Night Heron Lane 1 1 0 $284,000 23 Night Heron Lane 2 1 0 $337,000 1 North Calibogue Cay 5 6 1 $3,795,000 7 North Calibogue Cay 4 5 1 $3,975,000 12 North Calibogue Cay 4 5 1 $2,400,000 19 North Calibogue Cay 5 5 0 $2,695,000 24 North Calibogue Cay 4 4 1 $1,285,000 26 North Calibogue Cay 4 2 0 $1,149,000 33 North Calibogue Cay 4 5 1 $2,950,000 55 North Calibogue Cay 5 5 1 $4,999,000 57 North Calibogue Cay 5 5 1 $3,200,000 63 North Calibogue Cay 5 4 0 $2,450,000 62 North Calibogue Cay 3 2 1 $1,499,000 64 North Calibogue Cay 4 4 0 $1,599,900 67 North Calibogue Cay 5 6 0 $2,269,000 2 North Live Oak Road 3 3 0 $925,000 5 North Sea Pines Drive 3 2 0 $795,000 3 Oak Court 3 3 0 $489,900 74 Otter Road 4 3 0 $272,900 84 Otter Road 3 2 0 $319,000 128 Otter Road 3 2 0 $499,900 162 Otter Road 3 2 0 $375,000 10 Oyster Catcher 4 3 1 $1,195,000 16 Oyster Catcher 4 4 0 $1,368,000 51 Oyster Landing Lane 3 3 1 $1,295,000 1 Painted Bunting 3 3 0 $999,000 12 Painted Bunting 6 7 1 $10,235,000 14 Painted Bunting 6 7 1 $6,890,000 20 Pine Island Court 3 3 0 $755,800 4 Pintail Court 3 3 0 $979,000 6 Piping Plover 5 6 1 $3,595,000 7 Piping Plover 5 5 2 $2,995,000 6 Plantation Drive 4 2 1 $1,095,000 74 Plantation Drive 3 3 0 $599,500 97 Plantation Drive 4 4 1 $1,595,000 26 Planters Wood Drive 5 5 0 $895,000 38 Planters Wood Drive 3 2 1 $695,000 48 Planters Wood Drive 4 3 0 $599,000 19 Red Cardinal 5 5 2 $6,499,000 21 Red Cardinal 5 4 1 $6,500,000 22 Red Cardinal 7 6 1 $2,995,000 3 Red Maple 3 2 1 $595,000 23 Red Maple 3 3 1 $599,900 4 Red Oak Road 6 4 0 $1,050,000 13 Red Oak Road 3 3 1 $529,000 10 Ruddy Turnstone 4 5 0 $999,000 25 Ruddy Turnstone 6 6 0 $3,200,000 15 Sandfiddler Road 3 2 1 $579,000 56 Sandfiddler Road 5 3 1 $610,000 24 Sandhill Crane 5 5 1 $5,495,000 4 Scaup Court 3 3 0 $1,095,000

5 Scaup Court 3 3 0 $995,000 16 Seaside Sparrow 5 4 1 $3,995,000 40 Shell Ring Road 3 2 1 $519,000 50 Shell Ring Road 3 3 1 $499,000 86 Shell Ring Road 3 3 0 $449,000 19 South Beach Lagoon 6 8 0 $8,995,000 21 South Beach Lagoon 6 7 1 $6,499,000 23 South Beach Lagoon 8 8 1 $5,995,000 31 South Beach Lagoon 5 5 3 $7,995,000 16 South Beach Lane 3 3 0 $1,075,000 48 South Sea Pines Drive 7 7 0 $2,600,000 70 South Sea Pines Drive 6 6 0 $999,000 227 South Sea Pines Drive 4 4 0 $995,000 2 Spanish Moss 5 5 2 $1,799,000 20 Spinnaker Court 5 5 2 $1,599,000 24 Spinnaker Court 3 3 0 $749,000 10 Spotted Sandpiper 3 2 0 $839,000 9 St Andrews Place 3 3 1 $1,295,000 21 St Andrews Place 3 3 1 $969,000 32 St Andrews Place 3 3 0 $857,000 10 Stoney Creek Road 3 3 0 $495,000 26 Stoney Creek Road 4 4 0 $829,000 29 Stoney Creek Road 4 3 1 $895,000 31 Stoney Creek Road 3 2 0 $885,000 32 Stoney Creek Road 3 3 1 $789,000 47 Stoney Creek Road 3 2 1 $995,000 60 Stoney Creek Road 4 4 0 $874,999 1 Surf Scoter 4 5 1 $2,495,000 6 Sweet Gum Court 3 2 1 $499,000 8 Sweet Gum Court 3 2 0 $455,000 6 Sylvan Lane 4 4 2 $1,549,000 14 Tupelo 3 2 0 $674,000 4 Turnberry Lane 4 5 1 $2,650,000 3 Twin Pines Court 4 3 1 $1,295,000 5 Twin Pines Court 3 3 0 $575,000 9 Twin Pines Court 4 3 1 $879,000 24 Twin Pines Road 4 5 0 $995,500 15 Wagon Road 4 3 0 $549,000 26 Wagon Road 3 3 0 $749,000 31 Wagon Road 3 3 0 $785,000 43 Wagon Road 2 2 0 $549,000 22 Water Oak Drive 3 2 1 $499,000 32 Water Oak Drive 3 2 1 $449,000 9 West Beach Lagoon 3 3 1 $1,700,000 18 West Beach Lagoon 5 5 2 $3,100,000 12 West Beach Lagoon 3 3 0 $2,195,000 14 West Beach Lagoon 4 3 1 $1,790,000 8 Whistling Swan 5 6 1 $3,750,000 5 Wildwood Road 3 3 0 $689,000 26 Willow Oak Court 3 3 0 $1,042,000 10 Willow Oak Road 4 4 1 $779,000 47 Willow Oak Road 3 3 1 $699,000 27 Willow Oak West 3 2 1 $499,000 41 Willow Oak West 3 2 0 $525,000 28 Windjammer Court 3 3 0 $799,000 7 Wisteria Lane 3 2 1 $619,500 12 Wisteria Lane 4 3 0 $719,000 37 Wood Duck Court 3 3 0 $649,000 1 Wood Duck Road 4 3 0 $599,000 17 Wood Duck Road 3 2 1 $429,000 65 Wood Duck Road 3 2 0 $399,000 8 Wood Ibis 6 4 0 $1,599,000 9 Wood Ibis 5 4 1 $2,200,000 2 Woodbine Place 3 2 1 $750,000 22 Woodbine Place 4 3 1 $1,199,000 44 Woodbine Place 3 2 0 $799,000 2 Wren Drive 3 3 1 $1,295,000

10 Beach Lagoon 6 6 1 $2,995,000 147 Club Course Drive 3 2 1 $365,000 168 Club Course Drive 3 2 1 $739,000 8 Deer Run Lane 3 2 0 $599,000 17 Governors Road 3 2 1 $449,000 68 Governors Road 3 3 0 $429,000 72 Governors Road 4 4 1 $769,000 9 Green Heron 4 4 0 $919,000 369 Greenwood Drive 4 3 1 $599,000 21 Hollyberry Lane 3 2 0 $399,000 75 Lawton Road 3 2 0 $359,000 85 Lawton Road 3 2 0 $339,000 152 North Sea Pines Drive 3 3 1 $499,000 167 North Sea Pines Drive 4 4 1 $1,195,000 47 Oak Court 4 3 1 $599,000 112 Otter Road 3 3 0 $271,617 34 Otter Road 3 2 0 $250,000

Sea Pines Current Properties For Sale (As of 7/12/10)

Page 7: 2010 Mid-Year Sea Pines Market Report

Sea Pines Current Properties For Sale (As of 7/12/10)

LOTS VIEW PRICE

PENDINGVILLAS BR BA PRICE

VILLAS BR BA PRICE

All MLS, All The TimeTo view properties for sale in Sea Pines (as well as our whole market-area), visit

www.CollinsGroupRealty.com for photos, virtual tours, mapping, Google street-

view, market statistics and much more!

308 Beach Lagoon 3 3 $793,000 309 Beach Lagoon 3 2 $849,000 1836 Beachside Tennis Villas 2 2 $839,000 1849 Beachside Tennis Villas 2 2 $975,000 1854 Beachside Tennis Villas 2 2 $749,000 1867 Beachside Tennis Villas 1 1 $649,000 1888 Beachside Tennis Villas 2 2 $759,000 1889 Beachside Tennis Villas 2 2 $759,000 1660 Bluff Villas 2 2 $439,000 1661 Bluff Villas 1 1 $279,000 1667 Bluff Villas 1 1 $259,900 1668 Bluff Villas 2 2 $399,000 1703 Bluff Villas 0 1 $239,900 1704 Bluff Villas 2 2 $410,000 1711 Bluff Villas 0 1 $299,000 1724 Bluff Villas 2 2 $379,000 1726 Bluff Villas 2 2 $419,000 1740 Bluff Villas 2 2 $497,000 1743 Bluff Villas 0 1 $299,000 1744 Bluff Villas 2 2 $375,000 1754 Bluff Villas 3 2 $550,000 1762 Bluff Villas 3 2 $599,000 1796 Bluff Villas 2 2 $464,000 1802 Bluff Villas 3 2 $550,000 379 Briarwood 2 2 $429,000 2602 Calibogue Club 3 3 $595,000 2639 Calibogue Club 3 3 $549,900 1017 Caravel Court 2 2 $739,000 1026 Caravel Court 3 3 $795,000 1037 Caravel Court 2 2 $569,000 800 Clipper Court 3 3 $679,000 2837 Club Course Villas 2 2 $379,000 2840 Club Course Villas 3 3 $469,500 901 Cutter Court Villas 3 3 $426,500 908 Cutter Court Villas 2 2 $399,000 912 Cutter Court Villas 1 1 $319,500 924 Cutter Court Villas 3 3 $479,000 928 Cutter Court Villas 2 2 $429,000 931 Cutter Court Villas 2 2 $499,000 939 Cutter Court Villas 2 2 $599,000 962 Cutter Court Villas 2 2 $479,000 71 Fairway Lane Villas 2 2 $459,000 82 Fairway Lane Villas 3 2 $569,000 101 Fairway Lane Villas 2 2 $435,000 2493 Fairway Oaks Villas 2 2 $365,000 2521 Fairway Oaks Villas 3 2 $399,000 6966 Fairway One Villas 2 2 $635,000 166 Fairwood Villas 2 2 $399,000 2540 Gleneagle Green 2 2 $389,000 315 Greenwood Garden Villas 3 2 $479,000 338 Greenwood Garden Villas 3 3 $479,000 344 Greenwood Garden Villas 3 2 $525,000 347 Greenwood Garden Villas 3 2 $495,000 349 Greenwood Garden Villas 3 3 $489,000 1109 Harbour South Villas 4 4 $799,000 1111 Harbour South Villas 4 4 $899,000 1112 Harbour South Villas 4 4 $1,049,000 1258 Harbourtown Club Villa 4 4 $575,000 141 Harbourwood Villa 2 2 $464,000 143 Harbourwood Villa 2 2 $515,000 153 Harbourwood Villa 2 2 $510,000 2202 Heritage Villas 2 2 $379,000 2219 Heritage Villas 2 2 $429,000 2242 Heritage Villas 3 3 $499,000 2257 Heritage Villas 4 3 $519,000 2262 Heritage Villas 2 2 $399,900 2264 Heritage Villas 4 3 $555,900

2266 Heritage Villas 2 2 $389,000 2274 Heritage Villas 3 3 $529,000 2277 Heritage Villas 3 3 $525,000 2283 Heritage Villas 3 3 $489,000 2298 Heritage Villas 3 3 $424,900 2305 Heritage Villas 3 3 $469,000 2310 Heritage Villas 2 2 $394,500 824 Ketch Court Villas 3 3 $499,000 829 Ketch Court Villas 2 2 $450,000 840 Ketch Court Villas 3 2 $775,000 841 Ketch Court Villas 2 2 $465,000 853 Ketch Court Villas 0 1 $198,500 856 Ketch Court Villas 3 2 $650,000 873 Ketch Court Villas 2 2 $359,000 884 Ketch Court Villas 1 1 $325,000 889 Ketch Court Villas 3 3 $453,500 892 Ketch Court Villas 3 3 $489,000 895 Ketch Court Villas 1 1 $279,900 899 Ketch Court Villas 2 2 $399,000 588 Lagoon Villa 2 2 $449,000 1583 Lagoon Villa 3 2 $489,500 3303 Lake Forest Villa 2 2 $359,000 3328 Lake Forest Villa 2 2 $369,000 3337 Lake Forest Villa 2 2 $440,000 3344 Lake Forest Villa 3 3 $399,000 3364 Lake Forest Villa 2 2 $399,000 3374 Lake Forest Villa 3 3 $510,000 120 Lawton Villas 3 3 $490,000 122 Lawton Villas 2 2 $424,000 1087 Lighthouse I Villas 3 3 $1,329,000 1088 Lighthouse II Villas 3 3 $1,295,000 1096 Lighthouse II Villas 3 3 $1,295,000 1097 Lighthouse II Villas 3 3 $1,495,000 26 Lighthouse Road Villas 2 2 $318,000 2374 Lighthouse Tennis Villas 1 1 $299,000 2392 Lighthouse Tennis Villas 1 1 $310,000 2404 Lighthouse Tennis Villas 2 2 $310,000 2405 Lighthouse Tennis Villas 2 2 $289,000 2407 Lighthouse Tennis Villas 2 2 $287,500 2413 Lighthouse Tennis Villas 2 2 $297,500 673 Mariners Way Villas 2 2 $298,900 6984 Muirfield I 3 3 $479,000 6987 Muirfield I 3 3 $489,000 6993 Muirfield I 3 3 $499,000 548 Ocean Course Villas 2 2 $549,000 561 Ocean Course Villas 2 2 $575,000 422 Plantation Club Villas 3 3 $599,000 447 Plantation Club Villas 2 2 $495,000 450 Plantation Club Villas 3 3 $525,000 459 Plantation Club Villas 3 3 $509,500 469 Plantation Club Villas 2 2 $399,000 471 Plantation Club Villas 2 2 $345,000 480 Plantation Club Villas 2 2 $385,000 1602 Port Villas 2 2 $450,000 1607 Port Villas 2 2 $489,000 2311 Racquet Club Villas 3 2 $469,000 2314 Racquet Club Villas 2 2 $349,000 2319 Racquet Club Villas 1 1 $299,000 2321 Racquet Club Villas 2 2 $329,000 2332 Racquet Club Villas 2 2 $299,000 2334 Racquet Club Villas 2 2 $395,000 2339 Racquet Club Villas 2 2 $389,000 2342 Racquet Club Villas 2 2 $469,000 2346 Racquet Club Villas 1 1 $249,900 2350 Racquet Club Villas 2 2 $395,000 2357 Racquet Club Villas 1 1 $279,000 2365 Racquet Club Villas 2 2 $389,000 2370 Racquet Club Villas 1 1 $209,900 2824 Residents Club Villas 2 2 $490,000 2825 Residents Club Villas 2 2 $469,000 2834 Residents Club Villas 3 2 $539,000 703 Schooner Court Villas 2 2 $749,000 1452 Sound Villas 4 5 $1,299,000 1468 Sound Villas 3 3 $1,149,000 1469 Sound Villas 4 5 $1,449,000 1905 South Beach Club Villas 3 2 $1,350,000 1909 South Beach Club Villas 3 2 $1,300,000 1918 South Beach Club Villas 3 2 $1,194,000 1921 South Beach Club Villas 3 2 $1,450,000 1927 South Beach Club Villas 3 3 $1,795,000 1936 South Beach Club Villas 4 4 $1,645,000 1403 South Beach Villas 3 3 $699,000 1415 South Beach Villas 4 3 $1,195,000 1425 South Beach Villas 3 3 $895,000 256 Stoney Creek Villas 2 2 $279,900 271 Stoney Creek Villas 2 2 $409,000 276 Stoney Creek Villas 2 2 $419,000 277 Stoney Creek Villas 1 1 $279,000 282 Stoney Creek Villas 2 2 $380,000 295 Stoney Creek Villas 2 2 $299,000

21 Audubon Pond Marsh $595,000 14 Bald Eagle Road West 2-8 Row/Marsh $799,000 1 Belted Kingfisher 2-8 Row $1,395,000 4 Belted Kingfisher 2-8 Row $1,195,000 19 Belted Kingfisher 2-8 Row $1,900,000 7 Black Tern Road Marsh $675,000 8 Canvasback 2-8 Row $750,000 13 Canvasback 2-8 Row $1,699,000 12 Club Course Drive Wooded $395,000 29 Club Course Drive Golf $299,000 94 Club Course Drive Wooded $289,000 143 Club Course Drive Wooded $295,000 4 Deer Run Lane Wooded $449,000 25 Deer Run Lane Lagoon/Wooded $399,000 16 East Garrison Place 2-8 Row $459,000 24 Forest Drive Wooded $299,000 38 Governors Lane Wooded $284,900 55 Governors Road Lagoon $649,000 53 Hearthwood Creek/Wooded $549,000 11 Jessamine Place 2-8 Row/Golf $899,000 12 Jessamine Place Golf/2-8 Row $995,000 13 Jessamine Place 2-8 Row/Golf $849,000 41 Lawton Woods 2-8 Row/Wooded $219,000 303 Magnolia Crescent Golf $499,000 2 Marsh Wren 2-8 Row $949,000 28 North Live Oak Golf/2-8 Row $799,000 58 North Sea Pines Drive 2-8 Row/Golf $695,000 147 North Sea Pines Drive 2-8 Row/Golf $849,000 10 Otter Road Wooded $195,000 164 Otter Road Golf/Lagoon $193,000 12 Painted Bunting Ocean Front $3,449,000 4 Piping Plover 2-8 Row $1,295,000 17 Red Cardinal Ocean Front $5,499,000 13 Ridgewood Lane Lagoon/Golf $795,000 19 Sandhill Crane 2-8 Row $1,625,000 13 Seaside Sparrow Ocean Front $3,600,000 221 South Sea Pines Drive 2-8 Row/Landscape $650,000 12 Spinnaker Court Sound/Wooded $559,000 21 Stoney Creek Road Marsh $599,900 28 Stoney Creek Road Golf $549,000 5 Twin Pines Road Golf/Lagoon $749,000 19 Twin Pines Road Golf/Lagoon $759,000 24 Wagon Road 2-8 Row $549,000 12 Wildwood Court Landscape $235,000 4 Windjammer Court Lagoon $495,000 34 Woodbine Place 2-8 Row/Golf $624,900

1828 Beachside Tennis Villas 2 2 $749,000 2839 Club Course Villas 3 3 $429,000 2500 Fairway Oaks Villas 2 2 $374,500 1266 Harbourtown Club Villa 4 4 $525,000 2261 Heritage Villas 3 3 $449,000 1587 Lagoon Villa 3 2 $425,000 3324 Lake Forest Villa 3 3 $399,000 19 Lighthouse Road Villas 3 2 $395,000 669 Mariners Way Villas 2 2 $230,000 20 Night Heron 1 1 $199,900 448 Plantation Club Villas 2 2 $329,900 468 Plantation Club Villas 2 2 $325,000 470 Plantation Club Villas 2 2 $337,000 482 Plantation Club Villas 2 2 $294,900 489 Plantation Club Villas 3 3 $449,000 514 Plantation Club Villas 2 2 $293,500 32 Turtle Lane Club Villas 3 3 $899,000

39 Oyster Landing Lane 3 3 0 $675,000 2 Painted Bunting 5 5 1 $1,395,000 15 Pender Lane 2 2 0 $229,000 42 Pine Island Road 5 5 1 $549,000 21 Red Maple 3 3 1 $989,000 11 Red Oak Road 3 2 1 $799,000 31 Red Oak Road 5 5 2 $1,579,000 33 Ruddy Turnstone 5 4 0 $3,250,000 12 Sandfiddler 4 3 1 $699,000 1 Seaside Sparrow 7 7 0 $1,350,000 20 Shell Ring Road 3 3 0 $499,000 11 Spanish Moss Road 3 3 1 $699,000 3 Spotted Sandpiper 4 4 0 $1,195,000 38 Stoney Creek Road 3 3 0 $539,000 62 Stoney Creek Road 4 4 0 $732,900 3 Sweet Gum Court 3 2 0 $427,500 23 Water Oak Drive 3 2 0 $395,000 12 Whistling Swan 4 3 1 $1,500,000 9 Willow Oak Road 4 2 0 $445,000 12 Wren Drive 4 4 0 $649,000

8 Turtle Lane Club Villas 3 4 $979,000 10 Turtle Lane Club Villas 3 3 $775,000 502 Turtle Lane Club Villas 3 3 $1,699,000 1003 Turtle Lane Club Villas 3 3 $2,170,000 4002 Turtle Lane Club Villas 3 3 $1,995,000 182 Twin Oaks Villas 2 2 $410,000 190 Twin Oaks Villas 3 3 $799,000 204 Twin Oaks Villas 3 3 $469,000 595 Wildwood Spa Villas 2 2 $439,000 607 Wildwood Spa Villas 2 2 $429,000

Page 8: 2010 Mid-Year Sea Pines Market Report

MEET CHIP COLLINS......avid competitor...commitment to results...finish line focus

Get it done attitude, dedication, hard work and finish line focus are the driving factors in Chip’s commitment to RESULTS, per-sonally and professionally. Commitment: In order to be able to race in the Boston Marathon in 2011, Chip first had to finish a qualifying marathon in under 3 hours, 20 minutes, which he did in Albany, GA in February this year. It’s the same type of drive that keeps Chip focused not on just one listing,

Finish Line Focus: Finishing an impressive 8th out of 64 in his age-group in his recent half iron-man takes focus, and so does sell-ing a lifestyle. Chip can focus on getting you the results you need, because he understands what clients love about Hilton Head Island and, as a 17-year Sea Pines resident, about this great commu-nity in particular. Having lived on Hilton Head since graduating from Denison University, Chip has been living the Hilton Head and Sea Pines lifestyle because he loves it and wants the best for his family.

Family: The epitome of Hilton Head living is family. That is why generations of families have been celebrating life on this beautiful island for decades and Chip is no exception. He attributes his ability to get up and out at 4:30 am to the love, support and encouragement of his beauti-ful wife Carrie and his daughters Martha Preston, 10 and Sallie, 9. Having his father, wife and brother-in-law involved in the business, and an entire staff that he considers family, gives clients the assur-ance that Collins Group Realty is an exten-sion of Chip and his guiding principles of family and clients first.

but on the families, friends and the genera-tions to come that rely on his commitment to service and results. Goals: As if finishing 2nd in the 2009 Hil-ton Head Island 12-Hour Endurance Race, wasn’t enough, Chip set a goal to compete in half and full ironman triathlon competi-tions in 2010. He completed his first half Ironman race (70.3 miles) held in White Lake, NC this May and qualified for the Halfmax National competition to be held in Myrtle Beach, SC this coming October. Goals are important to Chip. He wants to see every listing SOLD and every client pleased with RESULTS. He understands how to set goals, and more importantly, achieve them….that’s the Collins Group difference!

852 William Hilton Parkway, Suite 2BPost Office Box 5220

Hilton Head Island, SC 29938

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Chip with his family at their Calibogue Cay Sea Pines residence

Chip competing in his first Half Ironman Triathlon May 2010