Great Things Are Happening on Hilton Head Island!

Our “piece of paradise” on Hilton Head Island offers so many spectacular amenities, is home to a very diverse population and attracts visitors from all over the world. Our Island lifestyle and friendly atmosphere affords us the opportunity to spend quality time with our family, friends and the ability to provide our buisness guests with a first-class experience.

The Palmetto Dunes, Shelter Cove and Leamington property owner’s associations, in conjunction with the owners of Shelter Cove Towne Centre and The Plaza at Shelter Cove, continue to move forward on a strategic approach to capital investment and improvements within our community.

These improvements will preserve our investment, increase property values, improve the “quality of life,” and provide the foundation for future family enjoyment for owners, guests and future buyers. We will all reap the benefits of the involvement of all these entities in our community.

To date, private owners and investors have spent approximately $400,000,000 throughout the Island, of which $100,000,000 (million)plus will have been spent in Palmetto Dunes, Shelter Cove, and Leamington. Please visit www. philschembra.com for photos and information. Sand Is On The Way! As the initial Chairman of the Beach Nourishment Committee for the Hilton Head Board of Realtors, I’m excited that the fourth beach re-nourishment project will be completed Winter 2015 at a cost of $19,000,000 (million). This ongoing commitment from the Town of Hilton Head Island

Palmetto Dunes l Shelter Cove l Leamington

Summer 2015

Home Buying Facts... • In 2014, 21% of home buyers

purchased a second home• 40% of those buyers purchased

near the beach• In 2014, 9% of U.S. home

buyers purchased homes valued at $500,000 or higher

• Approximately 125,000,000 (million) or 40% of the nation’s population live in counties directly on the coastline

The Perfect Location…30 years ago, we made the decision to open Schembra Real Estate Group in our present location, with convenient access to the Palmetto Dunes, Shelter Cove and Leamington owners. Today, our real estate office continues to be one of the most sought-after real estate locations on the Island!

Our window display attracts hundreds of potential buyers on a daily basis! We have seen a tremendous increase in traffic at The Plaza at Shelter Cove next door to Whole Foods Market, Kroger and Shelter Cove Towne Centre and all the happenings at Shelter Cove Harbour.

Getting Around...From Palmetto Dunes to the Shelter Cove Area: bicyclists and pedestrians can take the pathway under Highway 278 near the traffic light.

The Dunes Buggy provides courtesy on-demand transportation. Please call 843.689.4222 for pickup.

Shelter Cove Towne Centre:a convenient roaming golf cart shuttle service is available within the Centre. Please call 843.505.6635 for a ride.

regarding our greatest amenity is self-funded from the 2% Beach Preservation Fee on overnight lodging on vacation property (homes, villas, and hotels). This project benefits both owners and visitors and enhances property values throughout the Island.

Now Is the Perfect Time to Buy In a Recovering Market! If history repeats itself, this is the perfect time to buy because today’s market offers a once-in-a-decade opportunity for buyers to take advantage of exceptionally attractive prices (see reverse side), a wide selection of inventory and historically low interest rates, while they enjoy all the benefits of ownership.

Selling Palmetto Dunes, Shelter Cove, Leamington and Hilton Head Island is the easy part, that comes naturally. Our greatest challenge is to educate owners, potential buyers and the real estate community on the intrinsic value that we represent and why buying today offers the perfect opportunity to help people achieve their personal and financial real estate goals.

During the recession of 2001, my top focus was family. As a result, I was recognized as one of the “Top 100 Sales Teams for Closed Sales” in the country by the National Association of Realtors (NAR) with a membership of 1,400,000. This mindset of buying in a recovering market, while knowing that your purchase represents a solid real estate investment, has resulted in a terrific year for me thus far. In fact, since January 1, 2015, I have achieved sales volume (closed or scheduled to close)approaching $25,000,000 (mill ion) in Palmetto Dunes, Shelter Cove and Leamington!

Dear Palmetto Dunes, Shelter Cove, and Leamington Owners,

50P Shelter Cove LaneHilton 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!Our 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

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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.

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

Reduced Density. 31 years ago I worked on the campaign of my wife, Carol’s cousin, Benjamin M. Racusin, Hilton Head Island’s 1st Mayor. Ben’s leadership and guidance helped to create the Land Management Ordinance (LMO) which significantly reduced development and density on Hilton Head Island. Ma in ta in ing t i gh t bu i l d ing restrictions and superior land planning is a huge advantage over our competition. Hilton Head Island has received national attention from many land planning experts with our reputation for being one of the finest planned destination resort communities in the country, creating a very “special niche” for us. The local real estate market relies heavily on individual owners to sell their properties, as Hilton Head Island is devoid of any major new development.

A m e r i c a n s a r e u p r o o t i n g themselves and moving to places where there is economic vitality, opportunity, and lifestyle. The recessions slowed this interstate migration pattern, but it will pick up again in the decade to come. The geographical shift of power from the Northeast to the South is unmistakable. The big winners in this interstate competition for jobs and growth have generally been in our region: North and South Carolina, Florida, Texas, and Tennessee.

I invite you to take advantage of my expertise, specialization, c o m m i t m e n t , l o n g e v i t y, knowledge and negot iat ing skills-as the #1 All-Time Listing and Selling Agent for homes, homesites and condominiums in one community in the history of Hilton Head Island-all achieved in Palmetto Dunes, Shelter Cove, and Leamington. My specialization in the community has provided me with $1,000,000,000 (billion) in record-breaking personal sales.

If you are thinking about selling, reinvesting or changing your real estate portfolio, please get in touch.

Sincerely,

Philip A. SchembraBroker-In-Charge

Affordability Index...Today’s prices = 2004 Level+ Financing: interest rates

continue to be historically low, but they won’t be this way forever

+ Tax benefits, if applicable+ Weekly and Long-Term rentals

are at an all-time high: help defer the cost of ownership

+ Vacation Savings;+ Supply and Demand: our finite

supply of homes, homesites and condominiums helps to create greater demand

+Capital Appreciation= Exceptional Buying Power!

Why Choose to Buy on Hilton Head Island?• Resort community with beach,

harbor, golf and tennis• Warm water and seasonal

beach temperatures• Thriving culture, history, arts

and life learning • Hilton Head Island Airport and

the Savannah/Hilton Head International Airport offer a variety of flights that make the Island easy to get to

• Diverse Island population and international visitors

• Friendly customer service with Southern hospitality

• Focus on the environment and eco-tourism

• Thirteen miles of beautiful, pristine private and public beaches

• Five marinas offering boating, fishing, water sports, paddle boarding, kayaking and eco-friendly tours

• Received the Gold Level Award for one of the “Top 25 Bicycle-Friendly Communities” in the U.S. -- the only one in the Southeast!

• Pet-friendly community with miles of sidewalks, community parks, outside dining areas and shopping areas welcoming our furry friends

• Year-round activities and entertainment open to the public. Locations include Shelter Cove Harbour, Shelter Cove Towne Centre, Harbour Town, Coligny Plaza and South Beach.

____

Thank you for your referrals!

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 July 5, 2015 - 78 homes, 22 homesites and 136 condominiums for sale

Price RangesH O M E S

Golf $ 540,000 — $ 1,895,000Golf/Lagoon $ 775,000 — $ 1,575,000Lagoon/Golf $ 999,000 — $ 1,595,000Lagoon/Lake $ 499,000 — $ 1,629,000Wooded $ 525,000 — $ 995,0004th & 5th Row Ocean/Lagoon $ 649,000 — $ 1,276,5003rd & 4th Row Ocean $ 849,000 — $ 1,975,0002nd Row Ocean $ 1,695,000 — $ 2,295,000Oceanfront $ 3,495,000 — $ 4,799,000

H O M E S I T E SGolf $ 375,000 — $ 435,000Golf/Lagoon $ 225,000 — $ 439,500Lagoon/Lake $ 329,000 — $ 999,000Wooded $309,0004th & 5th Row Ocean/Lagoon $789,0003rd & 4th Row Ocean $749,0002nd Row Ocean $ 1,599,000 Oceanfront $ 2,795,000

C O N D O M I N I U M SAbbington (L) $ 599,000 — $ 679,000Anchorage (SC) $265,000Barrington Arms and Court (L) $ 369,000 — $ 579,000Barrington Park (L) $ 289,000 — $ 499,000Beach Villas (PD) $ 589,000 — $ 674,500Captain’s Cove (PD) None AvailableCaptain’s Quarters (SC) $ 250,000 — $ 575,000Captain’s Walk (PD) $ 599,000 — $ 1,525,000CentreCourt (PD) $299,000Fazio (PD) $409,000 Hampton (L) $ 449,500 — $ 1,475,000Harbourside I & II (SC) $ 269,000 — $ 409,000Hickory Cove (PD) $ 337,500 — $ 399,000 Huntington (L) $ 479,000 — $ 649,000Inverness Village (PD) $ 314,500 — $ 449,000MainSail (SC) $ 575,000 — $ 825,000Moorings (PD) $319,000Newport (SC) $ 318,000 — $ 369,900Ocean Cove (PD) None AvailablePeninsula at Newport (SC) None Available Queen’s Grant (PD) $ 198,000 — $ 379,000St. Andrews Common (PD) $ 173,900 — $ 299,000Somerset (L) $ 1,425,000 — $ 2,795,000South Shore Commons (L) $999,900Townhomes at South Shore (L) None AvailableTradewinds (SC) None AvailableTurnberry (PD) $ 319,000 — $ 399,000Villamare (PD) $ 399,900 — $ 1,245,000Water Oak (PD) $375,000WatersEdge (condo/office) (SC) $ 199,900 — $ 375,000Wendover Dunes (L) $ 589,000 — $ 730,000Windsor (L) $ 475,000 — $ 1,599,999Yacht Club (SC) $ 425,000 — $ 555,000

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

The Time Is Now to Raise Prices!In summary, I continue to be less than pleased with our current prices. We have a decrease in inventory for sale and many owners seem to be waiting to put their property on the market when prices increase. The biggest differential for homesites from 2014 to 2015 is an oceanfront homesite that I sold for $2,254,000.00 (in 2014), as compared to a 4th row homesite for $575,000.00, the most expensive homesite sold thus far this year (also by me). I think we will all agree that it is time to raise prices. We continue our ongoing quest to communicate with owners, the real estate community and potential buyers on the intrinsic value that we represent. With all the capital improvements and the positive message we are sending, the time should be now!

Historical Comparison 2005-2015Sales and Prices: January 1 - June 30

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

Year Sold Avg. Price Inventory Under Contract

2005 60 1,488,807 61 25 2006 52 1,568,890 101 13 2007 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 142015 37 916,373 78 13

H O M E S I T E S Year Sold Avg. Price Inventory Under Contract 2005 16 765,375 16 1 2006 5 2,005,500 22 1 2007 2 791,000 30 1 2008 3 1,551,000 29 0 2009 4 473,000 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 2

C O N D O M I N I U M S Year Sold Avg. Price Inventory Under Contract 2005 167 603,564 73 44 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 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”

50P Shelter Cove LaneHilton Head Island, SC 29928