The Plaza at Shelter Cove 50P Shelter Cove Lane

Hilton Head Island, South Carolina

Our Great Community Just Became Greater!

Palmetto Dunes l Shelter Cove l Leamington

Fall 2015

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Shelter Cove, and Leamington Owners and Friends!

Please visit: hhiperformancegroup.com or call Lynn at 843.785.2452 or

800.845.9506 or stop by Schembra Real Estate Group at

The Plaza at Shelter Cove._____

2016 - 4th Beach Renourishment Project …

As past Chairman of the Beach Nourishment Committee for the HHI Board of Realtors, I am pleased that the Town will begin the project in 2016. The results: improved property values, increased revenue from tourism, improved quality of life and a safe environment for wildlife.

Our beach is our greatest asset and consistently voted one of America’s Best Beaches and Vacation Destinations. Project is self-funded by Accommodations Tax. For more information on beach nourishment, please visit hiltonheadislandsc.gov/projects.

Dear Palmetto Dunes, Shelter Cove, and Leamington Owners,The word is out about Hilton Head Island! The awards and accolades that we continue to receive online and in print publications are exciting and are a testament to our oceanfront destination resort community that we are fortunate to call our home (visit philschembra.com for awards). This notoriety continues to attract new visitors that are seeking the ultimate in family vacations and corporate meetings. Schembra Real Estate Group’s office in The Plaza at Shelter Cove next to Whole Foods Market provides the opportunity to tell our story about Palmetto Dunes, Shelter Cove, and Leamington.

A Busy Summer! Renta l companies and hotels reported record occupancy this past summer. This bodes well as we continue to attract additional guests who become tomorrow’s buyers. Visitors are amazed at the beauty of our Island, and the diversity and overabundance of amenities offered for both families and corporate clients. They are surprised at how moderately priced we are compared to other high-end resorts throughout the country that offer fewer amenities yet higher prices.

Location, Location, Location! 105 million people are within a 15-hour drive-to-radius and an ever expanding number of direct flights provide easy access into the Savannah-Hilton Head Island International Airport and connecting flights from Charlotte to the Hilton Head Airport. The demand of potential buyers falling in love with our community will be greater than the supply of property in the coming years. The following cities currently have direct flights into Savannah: Atlanta, Boston,

Charlotte, Chicago, Cincinnati, Da l l a s , De t r o i t , Hous t on , Minneapolis/St. Paul, New York, Philadelphia, and Washington, DC.

Raising Prices Will Increase Property Values, What Do We Have To Do?...We know we have work to do! Now is the time to increase prices in light of the awards, capital improvements, and redevelopment throughout the Island. Having lived and specialized exclusively in Palmetto Dunes, Shelter Cove, and Leamington since 1976, my knowledge, longevity, and experience is invaluable in today’s market. I continually emphasize the intrinsic value of our community and what it offers in family enjoyment, which is priceless. I believe that it is vitally important to know where our prices have been, where they are today, and where they should be in the future.

It is imperative for each and every owner to realize that prices in our award-winning community are low compared to other high-end resort communities. We, as property owners, can help establish prices and have a positive impact on 900 licensed realtors on Hilton Head Island. Palmetto Dunes, Shelter Cove, and Leamington is now the new epicenter of Hilton Head Island.

We have a huge advantage over our competition as we are a resale community with future listings coming only from existing owners. Two important factors dominate the marketplace and will always put upward pressure on property prices: The number of properties available for sale coupled with

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• MLS Search• Awards

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The Plaza at Shelter Cove 50P Shelter Cove LaneHilton Head Island, SC 29928843.785.2452 local800.845.9506 toll-free843.785.2511 faxphil@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

“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

the strong interest of potential buyers. Thus, the supply and demand equation will always favor our owners. Our community cannot be reproduced,we cannot manufacture more beach which only enhances our special niche in the marketplace. Unfortunately, too many buyers think of short-term appreciation, while they should look towards the future and consider where property values could be 5, 10, 15, or 20 years from now.

Presently, properties are at decade old prices, interest rates are at historic lows, rentals have never been better, and tax write offs are available if applicable. Add in forced savings, vacation savings, capital improvements /redevelopment, not only in Palmetto Dunes, Shelter Cove, and Leamington, but throughout the Island, and we have an exceptional opportunity for buyers who want a solid real estate investment and quality of life.

Community Updates... Visit philschembra.com for updates on capital improvements and redevelopment projects.

Palmetto Dunes • The new PDPOA and Security

offices are now open! The beautiful building is on the site of the former fire station

• Construction is underway for the Queens Folly Road inbound bridge replacement. Completion - Spring 2016

• The PDPOA continues their ongoing landscaping enhancements, leisure paths and improvements for the betterment of our community

Shelter Cove• In excess of $400,000,000

(million) is being spent in capital improvements/redevelopment projects throughout Hilton Head Island, and close to $100,000,000 (million) is being spent at Shelter Cove Towne Centre

• Because of its success, Shelter Cove Community Park was enlarged and the future long-term rental apartments will be on both sides of the Veteran’s Memorial Park

• Hickory Tavern opening soon at The Plaza at Shelter Cove

Leamington• Construction of the new Beach

House for owners and their guests will begin in November with a completion date by May, 2016. The Beach House will be moved closer to the ocean, raised to improve ocean views and covered to accommodate more residents under cover for events.

Features include:

• Wire railings for better view• Open kitchen with counter

and sink• Locked kitchen for owners’

private events• Sun deck with rocking chairs • Gas fireplace - planned• Restrooms - upstairs and

downstairs• Owners’ lockers

Thank you for your continued trust and confidence in helping in my efforts to help you reach your real estate goals and objectives.

Your ongoing support and referrals have helped me achieve my success. I am gratified for all the personal relationships that I cult ivated over almost 40 years living and working in our community.

If you are a current owner and would like a market update, thinking of reinvesting, or contemplating selling your property, please contact me and take advantage of my vast exper ience and knowledge. Since 1976, I have achieved $1,000,000,000 (billion) in record-breaking sales volume in Palmetto Dunes, Shelter Cove and Leamington, it pays to specialize!

Thanksgiving is just around the corner and we have much to be thankful for as we live in the greatest country in the world and are fortunate to own in such a special community!

Sincerely,

*Philip A. Schembra Broker-In-Charge

Palmetto Dunes (PD) | Shelter Cove (SC) | Leamington (L)Total properties: 3,327... as of October 7, 2015 - 74 homes, 19 homesites and 141 condominiums for sale

Price RangesHOMES

Golf $ 475,000 — $ 1,845,000Golf/Lagoon $ 649,000 — $ 1,549,000Lagoon/Golf $ 895,000 — $ 1,975,000Lagoon/Lake $ 499,000 — $ 2,495,000Wooded $ 525,000 — $ 995,0004th & 5th Row Ocean/Lagoon $ 649,000 — $ 1,579,5003rd & 4th Row Ocean $ 825,000 — $ 1,599,0002nd Row Ocean $ 1,050,000 — $ 2,295,000Oceanfront $ 3,479,000 — $ 4,699,000

HOMESITESGolf $ 299,900 — $ 439,500Golf/Lagoon $225,000Lagoon/Lake $ 329,000 — $ 999,000Wooded $ 289,000 — $ 789,0004th & 5th Row Ocean/Lagoon $749,0003rd & 4th Row Ocean None Available2nd Row Ocean $999,000Oceanfront $ 2,595,000

CONDOMINIUMSAbbington (L) $ 609,900 — $ 629,000Anchorage (SC) $ 235,000 — $ 350,000 Barrington Arms and Barrington Court (L) $ 369,000 — $ 939,500Barrington Park (L) $ 329,000 — $ 499,000Beach Villas (PD) $ 674,500 — $ 1,200,000Captain’s Cove (PD) None AvailableCaptain’s Quarters (SC) $ 221,000 — $ 575,000Captain’s Walk (PD) $ 599,000 — $ 1,499,000CentreCourt (PD) $299,000Fazio (PD) $409,000 Hampton Place (L) $ 449,500 — $ 1,495,000Harbourside I & II (SC) $ 218,000 — $ 409,000Hickory Cove (PD) $ 345,000 — $ 399,000 Huntington (L) $ 459,500 — $ 689,000Inverness Village (PD) $ 319,000 — $ 449,000MainSail (SC) $ 579,000 — $ 839,000Moorings (PD) None AvailableNewport (SC) $ 309,900 — $ 374,900Ocean Cove (PD) $469,000Peninsula at Newport (SC) None Available Queen’s Grant (PD) $ 209,900 — $ 365,000St. Andrews Common (PD) $ 173,900 — $ 339,000Somerset (L) $ 1,399,000 — $ 2,795,000South Shore Commons (L) $999,900Townhomes at South Shore (L) None AvailableTradewinds (SC) None AvailableTurnberry Village (PD) $ 319,000 — $ 394,000Villamare (PD) $ 390,000 — $ 1,225,000Water Oak (PD) $375,000WatersEdge (condo/office) (SC) $ 199,900 — $ 375,000Wendover Dunes (L) $ 589,000 — $ 729,000Windsor Place and Windsor Court (L) $ 469,000 — $ 1,499,999Yacht Club (SC) $ 399,900 — $ 539,000

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

The Time Should Be Now to Raise Prices! Well informed owners and realtors can help tremendously to improve all property values throughout the Island. This year average sales prices in all three categories are down although sales have remained constant. Currently three homes are under contract that were listed at $1,945,000, $3,495,000 and $4,750,000, which will bring up the average home price.

The big drop in average sales price for homesites in 2015 is due to the fact that in 2013-2014, I sold five oceanfront homesites, but this year the most expensive homesite sold was a 2nd row homesite that I sold for $775,000. The average price of condominiums has decreased as there have been less oceanfront condominium sales than normal.

Historical Comparison 2005-2015Sales and Prices: January 1 - September 30 Palmetto Dunes | Shelter Cove | Leamington

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H O M E S Year Sold Avg. Price Inventory Under Contract

2005 88 1,581,817 67 36 2006 69 1,552,149 101 19 2007 34 1,165,654 125 6 2008 36 1,311,025 127 42009 31 1,282,222 129 6 2010 47 1,029,607 111 8 2011 43 1,085,221 93 102012 39 1,041,604 80 162013 41 1,097,888 79 162014 41 1,012,519 90 112015 59 860,344 74 13

C O N D O M I N I U M S Year Sold Avg. Price Inventory Under Contract 2005 254 599,710 111 36 2006 102 680,618 253 24 2007 102 670,204 278 12 2008 91 603,266 250 18 2009 62 403,326 224 12 2010 103 414,233 201 22 2011 91 446,091 199 26 2012 132 408,866 180 212013 143 454,590 141 272014 97 424,138 147 192015 100 384,236 141 24

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

H O M E S I T E S Year Sold Avg. Price Inventory Under Contract

2005 19 806,947 15 1 2006 6 1,763,000 24 2 2007 5 1,204,000 31 0 2008 3 1,551,666 30 1 2009 6 622,354 26 0 2010 3 521,167 27 1 2011 3 235,667 26 32012 7 375,714 29 12013 10 814,886 19 12014 9 701,833 23 12015 5 419,000 19 1