Palmetto Dunes l Shelter Cove l Leamington

The Plaza at Shelter Cove 50P Shelter Cove Lane

Hilton Head Island, South Carolina

The Summer Has Arrived!

The summer season has arrived! The hospitality industry and rental companies are reporting strong bookings and are predicting a very busy summer. It is so refreshing to see the fun that families are having on our award-winning beaches while enjoying a reprieve from their hectic schedules back home.40 years ago when I arrived on Hilton Head Island to sell real estate in Palmetto Dunes, our piece of paradise was an unknown resort community. Fast forward to today, Hilton Head Island is recognized by many in the industry as the finest land planned resort community in the United States, and one of the most renowned, award-winning, world-class, oceanfront destination resort communities in the country. In fact this month Travel + Leisure Magazine readers selected Hilton Head Island as the #1 Island in the Continental US. Please visit hiltonheadisland.org for a list of awards.

The Perfect Time to Buy... Our local real estate market continues to rebound with all the positive news about redevelopment and enhancements throughout our community, and the quality of life we offer. Our location, historic low interest rates, more than decade-old prices, record-breaking occupancy, rental income, and most importantly, priceless family enjoyment makes it easy to understand that as a resale community we have the opportunity for increased appreciation in years to come.With all the national and international attention that Hilton Head Island is garnering, we should be poised for strong real estate sales for the

balance of 2016, however there are uncertainties. This is a presidential election year and the full force and effect of Brexit (Britain leaving the European Union) has not yet been fully understood as other countries in the European Union (EU) could follow. As we grasp the long-term economic impact of this vote, the National Association of Realtors indicates that in the short-term, the U.S. real estate market could be flooded with investors seeking safe havens in our country, thereby pushing up the dollar and sending down mortgage rates.Although a rise in the dollar could hurt U.S. exports, it may also place downward pressure on our already historically low mortgage rates thereby opening a window of opportunity for buyers that may not last long and drive up real estate sales. Today’s market could offer wonderful opportunities for astute buyers and sellers.

Our Quality of Life in Three Unique Communities...We are fortunate to be located in the new “epicenter” of Hilton Head Island with the largest selection of amenities for any oceanfront community on the east coast including three miles of pristine beaches, 11-mile man-made lagoon system,water sports, world-class golf, tennis, pickle ball, leisure paths, three oceanfront restaurants, two major hotels; Leamington, a private oceanfront/golf community with golf cart usage; shopping, dining and events at Shelter Cove Harbour, the largest marina on the Island, Shelter Cove Towne Centre and Community Park located on Broad Creek, The Plaza at Shelter Cove and Veterans Park.

Summer 2016

Dear Palmetto Dunes, Shelter Cove and Leamington Owners,The Fun Never Ends in Our Neighborhood...• Nightly 7:00pm and 8:30pm

Shannon Tanner Shows at Shelter Cove Harbour: shannontanner.com

• Tuesday 5:00-9:00pm Summer Jams and Harbour Fireworks at Shelter Cove Towne Centre

• Tuesday 9:30pm Shelter Cove Harbour Fireworks

• Thursday 9:00pm Movie in the Park at Shelter Cove Towne Centre (Free)

• Friday 7:00-10:00pm Sunset Celebrations at Shelter Cove Towne Centre

• Monday & Friday 5:00-8:00pm Dunes House entertainment

Community Service PSA Emmy Winners…Congratulations to our son, Christopher Schembra, Marketing Manager for “Just a Common Soldier,” a tribute and thank you to our Veterans. “Just a Common Soldier” won the Best Community Service PSA Emmy, along with Tony Lo Bianco, Emmy Winner for Best Host. The video went viral with 900,000 shares and 19,000,000 views on social media.

Hot Off the Press! 25% Savings to Property Owners The Total Student™ 2016-2017 Life Skills Planner...A unique printed planner designed to prepare high school and college students for the road ahead to live long, happy, and successful lives. A few topics include... establishing a goal setting program, manners and etiquette, leadership skills, communication, and finding a balance in life.Benefits of The Total Student™ include... improved self-image and self-motivation, a positive mental attitude, improved study habits. For additional benefits and information, visit hhiperformancegroup.com or call Lynn at 843.785.2452.

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

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 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 Update! The beach nourishment project is underway and sand will be placed on beaches in Palmetto Dunes during the month of October 2016, to avoid our busy rental season. As the first Chairman of the Beach Nourishment Committee for the Hilton Head Island Board of Realtors, I am extremely pleased that the Town of Hilton Head continues to realize the significant value of protecting our greatest asset, the beaches.

• The Town completed the Pedestrian 278 Underpass at the entrance to our community. The updated pathway connects Palmetto Dunes and Shelter Cove.

• The PDPOA project team continues to upgrade and enhance our community with more projects to come in 2016 and 2017.

• New Shelter Cove entrance sign.• Updated Ship’s Store at Shelter

Cove Harbour.• Jane Bistro & Bar and Rocket Fizz

are scheduled to open at Shelter Cove Towne Centre in July.

• Charlie Graingers it scheduled to open at Shelter Cove Towne Centre in September.

• The Leamington Beach House is now open.

• The three Property Owner Assoc ia t ion cont inue the i r commitment to the owners with updates, enhancements and improving the quality of life for owners and guests. Property Owner Association of Palmetto Dunes (PDPOA), www.pdpoa.org, Leamington (LPOA) www.leamingtonpoa.org and Shelter Cove (SCHC) welcometosheltercove.com

• Palmetto Dunes recently won the prest ig ious 2016 Front Entrance Award from the Island Beaut i f i ca t ion Assoc ia t ion . Congratu lat ions to Andrew Schumacher, CEO, Ben Brown, Project Manager, The Greenery and to my wife, Carol, Chair of the PDPOA and the Board of Directors. The award was presented at the May board meeting.

• Hargray Lowcountry Broadband Fiber is laying the infrastructure in Palmetto Dunes, more news to follow.

Choosing a REALTOR® with Experience...With changes and uncertainties in the market, now, more than ever, it is important to work with a specialist that knows our community and our market. A REALTOR® who understands past history, the present market and who has the vision and knowledge to understand where it will be 3, 5, 10 and 15 years from now.My ongoing goal and commitment to the Palmetto Dunes, Shelter Cove, and Leamington owners is to build momentum to raise prices in our community and continue my ongoing communication with property owners and my fellow REALTORS® via emails, e-blasts, and printed correspondence. This is what I know to be true…we are underpriced compared to our competition. Because of the capital improvements in our community, redevelopment, awards, and our quality of life, it is a natural progression that we should see prices increase. Thank you! I continue to receive positive feedback from owners and REALTORS® about my recent letter regarding raising prices in our community. Your ongoing trust, support and referrals are important to me, and for that I thank you. Experience and longevity do count. With the volatility of our market, it is imperative that you receive the best representation for your dollar either as a buyer or seller. Take advantage of my 40 years of record-breaking sales, experience and commitment to our community. It is easy to sell what you love and believe in!When you are on the Island, please stop by our office at The Plaza at Shelter Cove to say hello or if you would like a no-obligation update on property values. Have a great summer!Sincerely,

Philip A. Schembra* Broker-In-Charge

Visit amazon.com/wishlist/greenbriarvalleyfloodrelief2016 to donate supplies to the West

Virginia flood victims.

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Palmetto Dunes (PD) | Shelter Cove (SC) | Leamington (L)As of July 8, 2016 - 76 homes, 23 homesites and 139 condominiums for sale

Price Ranges

H O M E SGolf $ 499,500 — $ 899,000Golf/Lagoon $ 599,000 — $ 1,359,000Lagoon/Golf $ 1,299,000 — $ 1,895,000Lagoon/Lake $ 399,000 — $ 1,695,000Wooded $ 525,000 — $ 1,275,0004th & 5th Row Ocean/Lagoon $ 985,500 — $ 1,899,0003rd & 4th Row Ocean $ 593,000 — $ 1,830,0002nd Row Ocean $ 1,050,000 — $ 2,795,000Oceanfront $ 3,179,000 — $ 5,100,000

H O M E S I T E SGolf $ 279,000 — $ 435,000Golf/Lagoon $289,000 Lagoon/Lake $ 249,000 — $ 699,000Wooded $ 269,000 — $ 799,0004th & 5th Row Ocean/Lagoon None Available3rd & 4th Row Ocean $799,000 2nd Row Ocean $949,000 Oceanfront $ 3,495,000 — $ 4,195,000

C O N D O M I N I U M SAbbington (L) $ 609,000 — $ 719,000Anchorage (SC) $ 239,500 — $ 329,900 Barrington Arms and Barrington Court (L) $ 369,000 — $ 925,000Barrington Park (L) $ 299,000 — $ 395,000Beach Villas (PD) $ 549,000 — $ 1,200,000Captain’s Cove (PD) $599,000 Captain’s Quarters (SC) $ 545,000 — $ 559,000Captain’s Walk (PD) $ 599,000 — $ 1,499,000CentreCourt (PD) $ 289,000 — $ 369,000 Fazio (PD) $419,000 Hampton Place (L) $ 449,500 — $ 1,395,000Harbourside I & II (SC) $ 207,900 — $ 419,000Hickory Cove (PD) $399,000 Huntington (L) $ 469,000 — $ 649,000Inverness Village (PD) $ 329,900 — $ 449,000MainSail (SC) $ 539,000 — $ 599,000Moorings (PD) $365,000 Newport (SC) $334,500 Ocean Cove (PD) None Available Peninsula at Newport (SC) $599,000 Queen’s Grant (PD) $ 210,000 — $ 379,000St. Andrews Common (PD) $ 189,000 — $ 309,000Somerset (L) $ 1,349,000 — $ 1,995,000South Shore Commons (L) None AvailableTownhomes at South Shore (L) None AvailableTradewinds (SC) $ 499,000 — $ 569,000Turnberry Village (PD) $ 314,500 — $ 429,000Villamare (PD) $ 389,777 — $ 1,425,000Water Oak (PD) $ 279,900 — $ 329,500WatersEdge (condo/office) (SC) $ 195,000 — $ 199,000Wendover Dunes (L) $ 545,000 — $ 799,000Windsor Place and Windsor Court (L) $ 475,000 — $ 1,595,000Yacht Club (SC) $ 439,000 — $ 495,000

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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

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Supply and DemandBeaufort County was recently named the 12th Fastest Growing County in the U.S. by the U.S. Census Bureau. The Low Country offers a quality of life, climate, and affordability that is unmatched and will continue for years to come. Hilton Head Island, as a resale community will benefit from this off-Island growth tremendously, as future inventory on the Island can only be generated from existing owners who decide to sell, which will continue to put upward pressure on supply and demand.

Good news! We are going in the right direction as the average sales prices in all categories have increased compared to 2015, but not to the level where they should be. Please note the dramatic increase in prices and sales for condominiums. Home sales are not at 2015 levels and the increase in homesite prices in 2014 and 2016 are due to oceanfront home site sales.

Historical Comparison 2006-2016Sales and Prices: January 1 - June 30

Palmetto Dunes | Shelter Cove | Leamington

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

2006 52 1,568,890 101 132007 23 1,148,076 113 7 2008 25 1,216,580 123 42009 19 1,096,573 138 6 2010 27 1,034,148 111 19 2011 35 1,029,057 91 112012 22 1,058,797 92 152013 22 1,152,205 76 162014 28 964,309 93 14 2015 37 916,373 78 132016 29 1,130,996 76 9

H O M E S I T E S Year Sold Avg. Price Inventory Under Contract 2006 5 2,005,600 22 1 2007 2 791,000 30 1 2008 3 1,551,666 29 0 2009 4 473,750 28 2 2010 2 552,500 27 2 2011 3 275,000 29 32012 5 407,000 28 02013 6 409,000 19 12014 2 1,360,750 26 32015 2 375,000 22 22016 4 882,500 23 0

C O N D O M I N I U M S Year Sold Avg. Price Inventory Under Contract 2006 72 648,223 240 36 2007 59 675,700 297 24 2008 61 608,259 261 20 2009 41 408,760 251 8 2010 73 433,664 210 27 2011 59 453,996 231 28 2012 83 432,958 174 322013 89 454,477 155 322014 57 441,115 152 262015 61 384,628 136 212016 82 486,255 139 27