Palmetto Dunes l Shelter Cove l Leamington

The Plaza at Shelter Cove 50P Shelter Cove Lane

Hilton Head Island, South Carolina

Winter 2017

Looking Ahead!

The Year at a Glance... January is the perfect time to reflect on 2016! Last year started out extremely strong for both real estate sales and visitors to our Island. The summer arr ived leaving sluggish sales and uncertainty with the presidential election, which his tor ical ly happens. Hurricane Matthew decided to pay us a visit in the fall and the market in general slowed down considerably, although I stayed busy. I attribute my activity with the ongoing commitment from The Town of Hilton Head Island, quick response from the POA’s in Palmetto Dunes, Shelter Cove, and Leamington and the residents throughout the Island who, to this day, continue to pitch in and get our Island back to normal.

FEMA arrived and the debris removal process cont inues both in and out of the private communities and is making great strides. It will take several months to restore our Island to an even better “piece of paradise.” The tree canopy today provides a newer, brighter feel to our Island.

The stock market is reaching new highs and historically, the real estate market will follow as many investors ultimately decide to remove funds from stocks, and place into real estate, especially with sales at decade-old prices. With the awards, accolades, and national exposure Hilton Head Island and our community are receiving and consumer confidence increasing, we are poised for an exceptional 2017, which bodes well for owners and potential owners in our community. This increased confidence, reputation, owner loyalty and the only REALTOR® specializing in our community has helped me achieve my success.

Market Trends Report… I was pleased to be included in a survey, conducted by Meyers Research, that focused on trends from Amelia Island, Florida to Bald Head, North Carolina. What I found to be interesting was that across the region, sales, prices and tourism increased. The findings also indicated that the Northeast is a major source of buyers-- from New Jersey all the way to Ohio. The buyers tend to be over the age of 50, and are looking to purchase their second homes. The good news is that all of the agents surveyed thought that sales for each of our areas will increase in 2017, which is positive for Hilton Head Island.

The Trend Continues… Hilton Head Island is convenient to get to from the heavily populated areas of the Northeast, Mid-West, and South and is attractive to international travelers from Canada, Germany, France, and England. A Brookings Institute study found that migration from the areas of the snow belt to the sun belt are returning after an extensive lull caused by the recession.

South Carolina ranks fifth as a top relocation destination according to a recent study by United Van Lines. Those seeking to relocate to the coast are looking for a better “quality of life,” which we have to offer. They are drawn to our Island with four beautiful seasons, superior land planning and design, diverse history, arts and culture, outstanding amenities, and our greatest asset, the Atlantic Ocean and 12 miles of pristine white, sandy beach.

Dear Palmetto Dunes, Shelter Cove and Leamington Owners,What Makes Our Community So Unique?The Town of Hilton Head Island continues to keep the integrity of our land planning and design developed years ago making us one of the most sought after resort communities on the East Coast. Our quality of life in Palmetto Dunes, Shelter Cove, and Leamington is hard to beat! Our diverse selection of amenities are just a few reasons why our community has become the “epicenter” of world-famous Hilton Head Island. Our uniqueness offers something for everyone, surrounded by water: ocean, harbor, 11-mile lagoon and lakes, connecting our communities with the ever-changing Shelter Cove area!Whether you choose to vacation here, become a permanent resident, purchase a second home and relocate later, or a member of the ever increasing mobile workforce, our location can’t be beat.

How Fortunate Are We?- Sought-after Mid-Island location- 3 miles of pristine, white sandy beach- 11-mile lagoon system winding through

Palmetto Dunes and Leamington- World-class golf, tennis and pickle ball.- Appreciation for an unspoiled

environment, natural habitats with emphasis on our Sea Turtles.

- Leisure and bicycle paths and complimentary transportation connecting Palmetto Dunes and Shelter Cove

- Largest marina on Hilton Head Island- Diverse selection of accommodations

with two hotels, condominiums, private homes, on ocean, golf, harbor and lagoon

- Restaurants, dining, and shopping- Theatre, music, community events

and art- Private, oceanfront community

with golf cart usage with oceanfront beach club, pool complex, and playground in Leamington

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

p h i l s c h e m b r a . c o m

It Pays to Specialize…As a Palmetto Dunes owner and resident since 1976, I have made a commitment to specialize 100% in Palmetto Dunes, Shelter Cove and Leamington. By specializing in one community, I have an in-depth history of our prices and values, both at present and most importantly, where they should be in years to come!My reputation, knowledge of the community and specialization has allowed me to help over a thousand families achieve their real estate goals and objectives and cultivate many long-term client relationships.

philschembra.com…For the latest information on:• Featured Listings• Buyer and Seller Information• Daily Inventory Reports• Community Videos• 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.

* Hilton Head Island’s #1 All-Time Listing and Selling Agent

since 1976 for homes, homesites and condominiums in one

community... all achieved in Palmetto Dunes, Shelter Cove and

Leamington~

$1,000,000,000 (Billion) in Personal Real Estate Sales

Beach Nourishment Project Complete…As the past chairman of the initial beach nourishment committee for the Hilton Head Island Board of Realtors, I am extremely pleased that we have completed our fourth beach nourishment project. This year’s project is already receiving outstanding reviews from residents and visitors. At high tide, the beaches are currently 300 to 350 feet wide and the ocean floor has been elevated 4 to 8 feet where nourishment has taken place.

There will be natural reshaping of the beach over the next 6 to 12 months which will leave us with 200 to 250 feet of width at high tide. For the next 8 to 10 years, we should expect an average erosion rate of 5 feet per year until we are ready for our next self-funded beach nourishment project.

Hurricane Matthew cer tainly tested our beach nourishment project. According to Eric Olson & Associates, the project engineers, it performed magnificently and did exactly what it was supposed to do to protect our properties.

Not only was the nourishment good for our beaches, it has lasting positive impacts on our community as a whole. Some of those benefits include: improved property values for owners; increased revenue in tourism; protection for the environment and wildlife; and much more.

We are extremely excited about the final product and feel confident that we all will enjoy a nourished beach that is unmatched on the East Coast.

New York City News…So many of you have been following our son, Christopher, over the years, and we wanted to provide you with a brief update of what he has been doing. First and foremost, as an offshoot of our company, Schembra Real Estate Group, he continues to market Hilton Head Island and our company from New York City.

His path has provided him with some exciting opportunities: • Producer, The Little Flower starring

Tony Lo Bianco a one-man play about Fiorello LaGuardia;

• Producing Par tner, O’Henry Product ions, investors and producers of commercial theatre;

• Marketed the viral video Just a Common Soldier starring Tony Lo Bianco, which just won two Emmys and has had over 20,000,000 (million) views on Facebook;

• Founder, the 747 Club and industry leader on Authenticity, Empathy, Vulnerability, and Safety: The Art of Human Connections; -Global Brand Ambassador and Social Influencer, Dell Computers and American Express;

• Mentor, Techstars; • Member, Board of Trustees,

Easterseals Foundation; • Most recently was included in

Luxury Clientele Magazine’s list of 13 “People of 2017.”

Please visit 747club.org for more information.

Thank You For Your Business!As a sales and marketing company and having been one of the largest investors in the community, other than the major developers, I appreciate your trust and confidence and especially appreciate the personal relationships that I have acquired throughout the years.

If your needs have changed, you are thinking of selling or reinvesting, or if any of your family members, friends or business associates are interested in becoming a part of our community, please contact me.

The next time you are at The Plaza at Shelter Cove, please stop by our office and say hello!

Sincerely,

Philip A. Schembra* Broker-In-Charge

p h i l s c h e m b r a . c o m

Palmetto Dunes (PD) | Shelter Cove (SC) | Leamington (L)As of December 31, 2016 - 53 homes, 16 homesites and 119 condominiums for sale

Price Ranges

H O M E SGolf $ 475,000 — $ 975,000Golf/Lagoon $ 599,000 — $ 1,490,000Lagoon/Golf $ 1,249,500 — $ 1,395,000Lagoon/Lake $ 619,000 — $ 1,375,000Wooded $ 649,000 — $ 1,275,0004th & 5th Row Ocean/Lagoon $ 1,399,000 — $ 1,695,0003rd & 4th Row Ocean $ 895,000 — $ 1,995,0002nd Row Ocean $ 1,050,000 — $ 2,795,000Oceanfront $ 3,500,000 — $ 4,500,000

H O M E S I T E SGolf $ 249,000 — $ 448,500Golf/Lagoon None Available Lagoon/Lake $ 328,000 — $ 599,000Wooded None Available4th & 5th Row Ocean/Lagoon None Available3rd & 4th Row Ocean $799,000 2nd Row Ocean $ 899,000 — $ 1,599,000 Oceanfront $ 3,495,000 — $ 4,195,000

C O N D O M I N I U M SAbbington (L) $769,000Anchorage (SC) $ 229,000 — $ 354,900 Barrington Arms and Barrington Court (L) $ 369,000 — $ 925,000Barrington Park (L) None AvailableBeach Villas (PD) $ 549,000 — $ 1,199,000Captain’s Cove (PD) $575,000 Captain’s Quarters (SC) $ 445,000 — $ 545,000Captain’s Walk (PD) $ 619,000 — $ 949,900CentreCourt (PD) $ 294,500 — $ 369,000 Fazio (PD) $595,000 Hampton Place (L) $ 449,500 — $ 1,395,000Harbourside I & II (SC) $ 269,000 — $ 399,500Hickory Cove (PD) $ 399,000Huntington (L) $ 489,000 — $ 549,000Inverness Village (PD) $ 329,900 — $ 410,000MainSail (SC) $ 799,000Moorings (PD) None AvailableNewport (SC) $ 349,900 — $ 499,900 Ocean Cove (PD) None Available Peninsula at Newport (SC) $484,000 Queen’s Grant (PD) $ 219,000 — $ 365,000St. Andrews Common (PD) $ 183,500 — $ 225,000Somerset (L) $ 1,295,000 — $ 2,895,000South Shore Commons (L) None AvailableTownhomes at South Shore (L) None AvailableTradewinds (SC) $ 400,000 — $ 559,000Turnberry Village (PD) $ 304,900 — $ 430,000Villamare (PD) $ 449,000 — $ 1,425,000Water Oak (PD) $ 275,900WatersEdge (condo/office) (SC) $ 215,000 — $ 355,000Wendover Dunes (L) $ 559,000 — $ 779,000Windsor Place and Windsor Court (L) $ 433,000 — $ 1,499,000Yacht Club (SC) $ 429,000 — $ 595,000

p h i l s c h e m b r a . c o m

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!Sales closed or under contract at the end of 2016 reflect the events throughout the course of the year. You will note that pending sales dropped off in 2016 compared to 2015 because of the presidential election and Hurricane Matthew. The good news for all owners is that inventory in all three categories has decreased which is not what you would expect when sales start to slow down. We sold a $2,200,000 home site last year which skews the average sales price. The average home price compared to the last several years has been flat, but condominium average sales increased by approximately 10%. The reason, on Hilton Head Island the price point of condominiums, represent exceptional buys as there aren’t homes that can compete in this category. We offer the best selection of condominiums for location and design on Hilton Head Island. Based on consumer confidence and a continuing rising stock market, real estate represents an exceptional opportunity for astute investors especially in Palmetto Dunes, Shelter Cove and Leamington.

Historical Comparison 2006-2016Sales and Prices: January 1 - December 31

Palmetto Dunes | Shelter Cove | Leamington H O M E S

Year Sold Avg. Price Inventory Under Contract

2006 81 1,531,576 93 42007 45 1,267,361 114 1 2008 40 1,236,497 135 22009 44 1,143,611 113 7 2010 63 1,007,043 103 4 2011 62 1,033,895 89 22012 55 1,000,787 69 122013 62 947,952 81 62014 61 947,262 77 12 2015 74 983,506 68 112016 66 990,991 53 5

H O M E S I T E S Year Sold Avg. Price Inventory Under Contract 2006 8 2,041,000 20 1 2007 5 1,204,000 32 0 2008 4 1,241,250 30 0 2009 7 604,875 29 1 2010 3 521,167 25 1 2011 5 245,400 26 42012 11 378,977 22 12013 13 889,420 18 12014 11 640,509 22 12015 6 456,833 19 02016 7 610,714 16 1

C O N D O M I N I U M S Year Sold Avg. Price Inventory Under Contract 2006 138 706,796 226 19 2007 126 664,114 250 15 2008 111 626,930 260 6 2009 96 404,443 192 232010 140 438,335 201 16 2011 125 445,979 185 162012 169 404,917 160 192013 183 443,493 135 182014 134 433,708 132 192015 140 409,060 124 262016 159 445,826 119 13