Our Communities Have Never Looked Better!

Where Have the Years Gone? Forty years ago, our country was in a recession and the Phipps Land Company, developers of Palmetto Dunes, was in need of a sales team to help market and sell real estate in their Hilton Head Island location. I arrived with three other former associates to help jumpstart the sales for Palmetto Dunes with a year or two commitment. Needless to say, here I am 40 years later selling property in our community, and the rest is history!

In 1976, it was a different story, working for a developer prevented you from selling Island wide. It was the perfect time to develop my 100% focus, strong belief and passion in what I recognized as a first-class community. Several years later the Multiple Listing Service (MLS) began, and agents were then able to sell throughout the Island.

Because I understood the intrinsic value of what made our community extraordinary, I decided to continue my specialization in Palmetto Dunes and ultimately Shelter Cove and Leamington. This focus worked out exceedingly well for myself, our company and both buyers and sellers in our community.

This has provided me a “competitive edge” along with “proven sales results”, superior knowledge and expertise in all facets of the community and history of property values. It has also given me the knowledge to educate and inform other realtors about the intrinsic value that we represent.

Palmetto Dunes l Shelter Cove l Leamington

Winter 2016

It would be a difficult task for any REALTOR® to keep up with market conditions, inventory, and “best buys” in over 30 communities on and off the Island.

Because of my specialization, I have achieved every major record on Hilton Head Island for sales by one agent in one community in all three categories of homes, homesites and condominiums with personal sales of $1,000,000,000 (billion) since 1976. Living, working and raising my family in our community has given me the opportunity to experience how it has evolved from a small, oceanfront community into a major player in the world-class oceanfront destination resort market.

My Commitment to our Property Owners...

My vested interest as an owner and my interpersonal communication skills have helped me with my approach to guiding my clients to make the most informed choices they can. I take very seriously my obligation to obtain the highest fair market price possible for our selling clients. In essence, I know how important it is to demonstrate to potential buyers the real value in the property and the many benefits and incentives of becoming a property owner in Palmetto Dunes, Shelter Cove and Leamington. I identify with every client who wants to sell and every prospect who wants to buy in our community, and am better able to understand the client’s needs.

The Plaza at Shelter Cove 50P Shelter Cove Lane

Hilton Head Island, South Carolina

Dear Palmetto Dunes, Shelter Cove, and Leamington Owners,Community Updates...• As past Chairman of the Beach

Nourishment Committee for the HHI Board of Realtors, I am pleased that the Town will now begin nourishment in the first quarter, 2016. The results: im-proved property values, increased revenue from tourism, improved quality of life and an asset to our environment. The project is self-funded by Accommodations Tax. For more information, please visit hiltonheadislandsc.gov/projects

• Renovation of the Highway 278 underpass connecting Palmetto Dunes and the Shelter Cove area, Spring 2016

• In-bound Queens Folly Road Bridge, Spring 2016 www.pdpoa.org

• Leamington: renovations are un-derway for the Beach Pavilion for owners and their guests, comple-tion 2016 www.leamingtonpoa.org

• Kingfisher Restaurant is now Peli-can Point at Shelter Cove Harbour

• La Fontana is now Bucci’s Italian Restaurant at Shelter Cove Harbour www.welcometosheltercove.com

• World of Beer, Shelter Cove Towne Centre, slated to open February, 2016 www.sheltercovetownecentre.com

• Hickory Tavern, The Plaza at Shel-ter Cove, is anticipating an opening in March, 2016

www.theplazaatsheltercove.com

• Allegiant Airlines offering addition-al markets to the Savannah/ Hilton Head International Airport.

www.allegiantair.com

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...

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The Plaza at Shelter Cove50P 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”

Why We Live Here...

The late Benjamin Racusin, Carol’s cousin and Hilton Head Island’s first Mayor was one of the major leaders spearheading the formation of the Town of Hilton Head Island. He once said, “I believe a great deal of credit must go to the residents who had the foresight to vote for taking control of our Town’s destiny.” They never wavered in their vision that was “quality over quantity” on a sub-tropical oceanfront Island where land planning, design, low density and an overabundance of amenities were always our hallmark. The early pioneers in land planning, led by Charles Fraser had a vision for our piece of paradise, and many years later…here we are, one of the finest land-planned communities in the country. I am often asked what makes Hilton Head Island a great place to own? My answer is quite simple– we have attracted residents and guests alike that are intellectual, successful, diverse, engaging and love being a part of our community, whether full or part-time. The ongoing success of our leadership, vision and forward thinking have provided more services and amenities to make our “piece of paradise” the special place that many of us are fortunate to call home.

We have it all-Palmetto Dunes, Shelter Cove and Leamington...

Three miles of Atlantic Ocean, two major hotels, 11-mile lagoon system, golf and tennis, and marina, just to name a few. Connecting Palmetto Dunes and Leamington to Shelter Cove Harbour, Shelter Cove Towne Centre and The Plaza at Shelter Cove via our leisure paths, Dunes

Buggy and various methods of transportation available opens up unlimited opportunities to enjoy the beautiful views and sunsets, serene environment and create a fun experience for water sports, shopping, dining, and events.

My 2016 Goals...

To raise awareness of what we need to do to increase prices in 2016, but we can’t do it alone. To help establish a much- needed trend we need to do the following:

Each and every one of us needs to have thoughtful conversation of who we are and what our community represents as a world-class oceanfront community compared to our competition.

We, as owners, living as a full-time resident or as a second- home owner need to insure that we keep our properties updated, maintained and that we continue the appearance concentrating on curb appeal that will help increase our property values throughout the community.

It is important to stress to potential buyers that family enjoyment is priceless and planning for the future provides the opportunity for outstanding capital appreciation. As noted, we are a resale community and inventory can only be generated from existing owners.

I am very passionate about our community and I enjoy your calls and visits to my office at The Plaza at Shelter Cove. See you soon!

Sincerely,

*Philip A. SchembraBroker-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)Total properties: 3,926... as of January 12, 2016 - 66 homes, 19 homesites and 121 condominiums for sale

Price RangesH O M E S

Golf $ 559,000 — $ 899,000Golf/Lagoon $ 649,000 — $ 1,499,000Lagoon/Golf $ 885,000 — $ 1,975,000Lagoon/Lake $ 499,000 — $ 2,495,000Wooded $ 494,500 — $ 995,0004th & 5th Row Ocean/Lagoon $1,579,0003rd & 4th Row Ocean $ 599,000 — $ 1,175,0002nd Row Ocean $ 1,025,000 — $ 2,095,000Oceanfront $ 3,179,000 — $ 4,699,000

H O M E S I T E SGolf $ 299,900 — $ 439,500Golf/Lagoon $215,000 Lagoon/Lake $ 329,000 — $ 899,000Wooded $ 289,000 — $ 789,0004th & 5th Row Ocean/Lagoon None Available3rd & 4th Row Ocean $799,000 2nd Row Ocean $ 945,000 — $ 1,595,000 Oceanfront $ 2,425,000

C O N D O M I N I U M SAbbington (L) $ 629,000 — $ 739,000Anchorage (SC) $ 249,000 — $ 299,000 Barrington Arms and Barrington Court (L) $ 369,000 — $ 939,500Barrington Park (L) $ 329,000 — $ 479,000Beach Villas (PD) $ 674,500 — $ 1,200,000Captain’s Cove (PD) None AvailableCaptain’s Quarters (SC) $ 449,000 — $ 549,000Captain’s Walk (PD) $ 659,000 — $ 949,900CentreCourt (PD) $ 299,000 — $ 299,900Fazio (PD) $ 389,000 — $ 409,000Hampton Place (L) $ 449,500 — $ 1,395,000Harbourside I & II (SC) $ 207,900 — $ 429,000Hickory Cove (PD) $ 335,000 — $ 399,000 Huntington (L) $ 459,500 — $ 569,900Inverness Village (PD) $ 319,000 — $ 499,000MainSail (SC) $ 579,000 — $ 799,500Moorings (PD) $ 349,000 — $ 389,000Newport (SC) $ 299,900 — $ 385,000Ocean Cove (PD) None Available Peninsula at Newport (SC) None Available Queen’s Grant (PD) $ 214,444 — $ 365,000St. Andrews Common (PD) $ 173,900 — $ 265,000Somerset (L) $ 1,399,000 — $ 2,795,000South Shore Commons (L) $1,190,000Townhomes at South Shore (L) None AvailableTradewinds (SC) $499,000Turnberry Village (PD) $ 319,000 — $ 419,000Villamare (PD) $ 395,000 — $ 1,195,000Water Oak (PD) None AvailableWatersEdge (condo/office) (SC) $ 215,000 — $ 355,000Wendover Dunes (L) $579,000Windsor Place and Windsor Court (L) $ 459,000 — $ 1,285,000Yacht Club (SC) $479,000

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

Market Condition Update!In 2015, sales increased and inventory decreased as compared to 2014. However, prices have not increased at a level we would

like to see! Our focus in 2016 will be to increase prices to be more competitive with other world-class, oceanfront destination resort communities. Prices remained stagnant because more moderately-priced properties sold last year.

To help increase prices, more emphasis needs to be made on redirecting marketing dollars to reach high net worth potential buyers. With current real estate prices, interest rates and the trend of people relocating to the Southeast, we need to capture more of this market.

Historical Comparison 2005-2015Sales and Prices: January 1 - December 31

Palmetto Dunes | Shelter Cove | Leamington

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 74 983,506 68 11

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 6 456,833 19 0

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 140 409,060 124 26

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