The Perfect Time to Buy…There are so many reasons to buy! Our limited inventory can only be generated from existing owners. His-torically low interest rates, coupled with record-breaking rentals, tax benefits and forced savings make this the perfect time to buy. Those who purchase property today in Palmetto Dunes, Shelter Cove and Leamington and hold it for a number of years, will have a solid real estate investment along with their family’s enjoyment, quality of life and oppor-tunity for capital appreciation.

Beach Nourishment Project…Great News! The 2016 beach nour-ishment project will begin mid-June at the north end of the Island and be in the Palmetto Dunes and Leaming-ton areas in October. Only 1,000 feet of beach access will be restricted per day, leaving all remaining beach on Hilton Head Island available for use. As the first Chairman of the Beach Nourishment Committee for the Hil-ton Head Island Board of Realtors, it is gratifying that the Town of Hilton Head Island continues to realize the importance and value of protecting our greatest asset, providing enjoy-ment to many and increasing proper-ty values to over 40,000 permanent residents and 2.6 million annual visi-tors. This year’s project will be just under $21,000,0000 (million), which is our fourth beach nourishment.

For more information, please visit hiltonheadislandsc.gov.

Three Incredible Property Owners Associations…Our Property Owners Associations are hard at work serving our commu-nity. For the latest updates in each community, please visit:1. Palmetto Dunes:

www.pdpoa.org2. Shelter Cove:

www.welcometosheltercove.com3. Leamington:

www.leamingtonpoa.org

We’re Excited About the Future!

Our community has never looked better! It’s hard to believe that this is my 40th year on Hilton Head Is land, as a resident specializing exclusively in real estate in Palmetto Dunes, Shelter Cove and Leamington, having achieved over $1,000,000,000 (billion) in personal sales. It has been the best career decision I have ever made. It’s exciting to see all the enhancements and capital improvements throughout our community, and I realize how fortunate we are to call this “piece of paradise” home.

The Word Is Out… Hilton Head Island continues to garner both national and international exposure. The U.S. Census just released their list and Beaufort County is the 12th fastest growing area in the country. Once again, this confirms why we have chosen to live or own property on this special Island! The migration of people moving south and to the Low Country has created a demand, and this is positive news for property values now and in the future.

We have an unparalleled “quality of life” and an overabundance of amenities that not only we as owners, but vacationers also appreciate. Hilton Head Island offers 13 miles of pristine, sandy beaches, world-class tennis and golf, marinas, lagoons, museums, historical areas, dynamic arts community, medical facilities, airport, diverse selection of businesses, emphasis on environmental stewardship, leisure paths, outdoor activities, a huge philanthrophic community and volunteer support, and an ecclectic selection of retail, dining and much more. One additional bonus…Our convenient location to three nationally acclaimed cities;

Savannah, Beaufort and Charleston. We offer a diverse selection of real estate opportunities for permanent living or for the second or vacation home buyer.

Vacation Home Market…The National Association of Realtors (NAR) recently reported that vacation home buyers made up 21% of all home sales in 2015. This was the highest level since 2003, and a 57% increase from 2013. An oceanfront location was the most popular among vacation buyers, and 54% of properties were single-family homes. A third of second-home buyers plan to use their purchase for vacation, and 46% of the homes were located in the South. 19% of all vacation home buyers plan to eventually make their second home their primary residence once they officially retire. This bodes exceedingly well as Hilton Head Island and the south are extremely popular for quality of life, affordability, climate and amenities.

Our Market…My personal real estate goal for 2016 is to raise prices in our community. With all the positive news about our community, the selection of world-class amenities, a built-out resale community and a strong vacation home market, it is a natural progression to think about what our prices could be in four, five years or longer. These are the reasons why I continue my commitment to the owners of being bullish on raising prices.

We have started to turn the corner in our real estate market compared to 2015. Our high-end properties are rebounding, which gives us the perfect opportunity to raise prices.

Palmetto Dunes l Shelter Cove l Leamington

Dear Palmetto Dunes, Shelter Cove and Leamington Owners,

Spring 2016

The Plaza at Shelter Cove 50P Shelter Cove Lane

Hilton Head Island, South Carolina

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

Follow Us…

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

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

If this trend continues, we should expect price increases for the balance of 2016. See Historical Comparison on the back page.As we know, prices for the oceanfront and ocean-oriented properties influence property values throughout Palmetto Dunes, Shelter Cove and Leamington.

Since January 1, 2016, there have been seven 3-bedroom oceanfront condomin iums in Pa lmetto Dunes and Leamington closed or scheduled to close and I was involved in six of the seven sales, whereas only four 3-bedroom oceanfront condominiums sold the entire year in 2015!

As I strive to raise prices, I am well aware that our prices do not reflect our vast selection of amenities, superior land planning and design, and reputation. We continue to be moderately priced compared to other world-class oceanfront resort communities that offer much less in amenities and stronger prices.

It is unfortunate that my fellow realtors do not understand the intrinsic value of our unique community. It is challenging and not an easy task to move a market upward, but we shall continue to forge ahead.

Affordability Index…Attractive Prices+ Solid financing with Interest

Rates at Historic Lows+ Tax Benefits, If Applicable+ Weekly / Long-Term Rentals

at All-Time Highs+ Vacation Savings+ Forced Savings+ Potential Capital Appreciation___________________________= Exceptional Buying Power!!!

Palmetto Dunes, Shelter Cove and Leamington-The New Epicenter of Hilton Head Island… Palmetto Dunes, Shelter Cove and Leamington are three interconnected communities. How fortunate we are to be surrounded by the Atlantic Ocean on one side and Broad Creek on the other. With our convenient, mid-Island location Palmetto Dunes, Shelter Cove and Leamington, has become the new “epicenter” of Hilton Head Island.

Did you realize that Palmetto Dunes, Shelter Cove and Leamington have more resort amenities than any other residential, resort community on the East Coast? Where else can you find three miles of pristine award-winning beach, two major hotels, three award-winning golf courses, internationally acclaimed award-winning tennis complex (25 courts), pickleball, 11-mile man-made lagoon system that winds throughout Palmetto Dunes and Leamington, vast selection of income-producing property, outdoor water sports, leisure paths, deep water marina and a selection of dining and retail?

Shelter Cove…Shelter Cove Towne Centre is in the final stages of retail development. The planned luxury long-term rental apartments will add the “urban” feel with the mix-use vision with retail and shopping.The apartments will be located on both sides of the Veterans Park overlooking Broad Creek behind The Plaza at Shelter Cove.

The Plaza at Shelter Cove offers a fine selection of retail and restaurants anchored by Whole Foods and TJ Maxx.

Thank you! I could never have achieved 40 years of record-breaking sales in every category o f homes , homes i t es and condominiums in one community on Hilton Head Island without all your support, trust and confidence. As always, I do appreciate your referrals which have been the foundation of my success. Please stop by and say hello on your next trip to The Plaza at Shelter Cove.

Sincerely,

Philip A. Schembra* Broker-In-Charge

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

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 March 31, 2016 - 78 homes, 26 homesites and 142 condominiums for sale

Price Ranges

H O M E SGolf $ 519,000 — $ 899,000Golf/Lagoon $ 649,000 — $ 1,299,000Lagoon/Golf $ 989,000 — $ 1,975,000Lagoon/Lake $ 525,000 — $ 995,000Wooded $ 494,500 — $ 1,275,0004th & 5th Row Ocean/Lagoon $1,479,5003rd & 4th Row Ocean $ 598,000 — $ 1,899,0002nd Row Ocean $ 1,050,000 — $ 2,295,000Oceanfront $ 3,179,000 — $ 5,100,000

H O M E S I T E SGolf $ 299,000 — $ 435,000Golf/Lagoon $215,000 Lagoon/Lake $695,000Wooded $649,5004th & 5th Row Ocean/Lagoon None Available3rd & 4th Row Ocean $799,000 2nd Row Ocean $ 945,000 — $ 949,000 Oceanfront $ 3,495,000 — $ 4,195,000

C O N D O M I N I U M SAbbington (L) $ 629,000 — $ 739,000Anchorage (SC) $ 239,500 — $ 299,900 Barrington Arms and Barrington Court (L) $ 369,000 — $ 624,500Barrington Park (L) $ 299,000 — $ 395,000Beach Villas (PD) $ 674,500 — $ 1,200,000Captain’s Cove (PD) None AvailableCaptain’s Quarters (SC) $ 435,000 — $ 559,000Captain’s Walk (PD) $ 599,000 — $ 1,499,000CentreCourt (PD) $289,000 Fazio (PD) $409,000 Hampton Place (L) $ 449,500 — $ 1,395,000Harbourside I & II (SC) $ 207,900 — $ 429,000Hickory Cove (PD) $ 335,000 — $ 399,000 Huntington (L) $ 499,500 — $ 569,900Inverness Village (PD) $ 299,900 — $ 449,000MainSail (SC) $ 559,000 — $ 925,000Moorings (PD) $ 349,000 — $ 365,000Newport (SC) $ 349,500 — $ 376,500Ocean Cove (PD) $479,000 Peninsula at Newport (SC) None Available Queen’s Grant (PD) $ 219,000 — $ 359,000St. Andrews Common (PD) $ 173,900 — $ 319,000Somerset (L) $ 1,389,000 — $ 2,795,000South Shore Commons (L) $1,090,000Townhomes at South Shore (L) None AvailableTradewinds (SC) $ 499,000 — $ 569,000Turnberry Village (PD) $ 319,000 — $ 399,500Villamare (PD) $ 394,444 — $ 1,195,000Water Oak (PD) $ 345,000 — $ 399,000WatersEdge (condo/office) (SC) $ 215,000 — $ 355,000Wendover Dunes (L) $ 559,000 — $ 579,000Windsor Place and Windsor Court (L) $ 440,000 — $ 1,195,000Yacht Club (SC) $439,000

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Market Condition Update! At the end of March 2015 there were 74 homes, homesites and condominiums closed or scheduled to close and 241 on the market. As of March 31, 2016, there are 78 homes, homesites and condominiums closed or scheduled to close and 246 on the market. The significant difference is that the average sold price for homes is up by 17% and the average sold price for condominiums is up 30%. There are not enough homesite sales to make any noticeable difference as I sold the only one last year in the first quarter, which was a 4th row homesite for $575,000. If we are able to continue at this pace, we will achieve my personal goal and that is to increase prices to become more competitive with other high-line, world-class, oceanfront destination communities as we offer more in amenities, superior land planning and design, on a sub-tropical Island and are a resale community.

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

Palmetto Dunes | Shelter Cove | Leamington

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

2006 17 1,368,175 87 322007 8 1,070,312 106 9 2008 9 889,666 112 72009 4 823,250 128 4 2010 12 924,708 109 12 2011 7 1,635,700 102 132012 6 698,863 95 102013 7 995,286 87 72014 12 1,022,630 91 7 2015 14 1,110,307 81 122016 12 1,301,208 78 12

H O M E S I T E S Year Sold Avg. Price Inventory Under Contract 2006 4 1,194,500 9 1 2007 1 825,000 30 0 2008 1 585,000 27 0 2009 1 650,000 28 2 2010 2 552,500 29 1 2011 1 375,000 29 12012 2 390,000 25 32013 5 350,000 21 12014 1 2,254,000 23 12015 1 575,000 25 02016 1 415,000 26 1

C O N D O M I N I U M S Year Sold Avg. Price Inventory Under Contract 2006 45 676,204 195 27 2007 27 717,057 266 13 2008 24 560,836 254 19 2009 16 406,494 248 8 2010 30 421,613 219 17 2011 20 487,375 217 24 2012 24 480,146 180 362013 36 536,043 157 332014 23 419,822 143 212015 22 404,455 135 252016 31 525,839 142 21

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