The State of the Leamington Villas Real Estate Market

THE STATE

of the Leamington Villas Real Estate Market

January 2017 KEY METRICS 2016 in Review

Happy New Year! Leamington Plantation Villa numbers are trending up in 2016: 35 villas closed, up from 33 in 2015. The total dollar volume of villas sold in 2016 was $25.086M, up slightly from $20.313M in 2015. Supply and demand: there are currently 39 villas listed for sale with an average of 2.9 villas selling per month over the last twelve months. That translates into a 13-month supply, considered by industry experts to be a strong buyer’s market. As of January 16, 2017, there were two villas pending/under contract. How’s the Hilton Head Island - Bluffton Real Estate Market? The Hilton Head Island-Bluffton housing market is on fire. Home sales continue to set all-time records according to statistics from the Hilton Head Area Multiple Listing Service, which includes Hilton Head Island, Bluffton, Okatie, Daufuskie Island, Hardeeville and parts of Beaufort and Ridgeland. In the Boom Years of 2004-2006 prior to The Great Recession, home sales in 2005 set a new annual record of 2631 homes sold. In 2016, though, that record was shattered with 3194 homes sold, the highest year on record. In other positive news, home values in 2016 have appreciated 5.6% from last year. However, they are still 25.1% below the peak set in 2005. With today’s historically low interest rates and prices still way below the peak, it is an extraordinary time to purchase real estate in our area. All MLS Leamington Villas

Historical Median Sales Price Rolling 12-Month Calculation

Inventory of Homes For Sale

Number of Closed Home Sales

Total Value of Homes Closed

$30,000,000

$25,000,000

$20,000,000 $15,000,000

On 12/31/15

$10,000,000 $5,000,000 33

On 12/31/16

1 Twelve Months of 2015 1 Twelve Months of 2016 st

$20,313,800

$25,086,993

1 Twelve Months of 2015 1 Twelve Months of 2016 st

This information is based on data provided by Multiple Listing Service of Hilton Head Island, Inc. (“HHIMLS”) for the period January 2016 through January 10, 2017. HHIMLS does not guarantee and is not in any way responsible for its accuracy. Data provided by HHIMLS may not reflect all real estate activity in the market.

KEY TRENDS

2016 Sales At An All Time High

This has been the best year for home sales...ever! Homes Sold Each Year, 2005-2016 Hilton Head Island/Bluffton

2683

3010

2737

2354

2053

1782

1600

1917

1588

2031

2631

1000

1500

2000

2500

Number of Homes Sold

3000

3194

3500

500

0 16

Home sales in the Hilton Head Island-Bluffton area in 2016 were the best ever according to historical MLS records.

As depicted in the chart, 3194 homes sold in 2016 far surpassing even the pre-recession peak year of 2005. For the first time ever in the Hilton Head Island-Bluffton area, over 3100 homes were purchased, a new all-time record.

If there was ever a good time to sell your house, now is one of those times since the market is so strong. If you want to sell, call your Engel & Völkers Advisor today to get it on the market. Your Engel & Völkers Advisor will not merely list your home, he/she will actually “launch” it with a passionate, aggressive digital marketing plan. There’s nothing like an Engel & Völkers launch!

The Matthew Effect:

Leamington Hurricane Matthew Damage Survey Over the next few months we would like to invite you to participate in our “Leamington Hurricane Matthew Damage Survey” where you can share your story and post-Matthew experiences. Participants will be entered to win a $100 SERG Gift Certificate. We will be reporting the results of this survey after they have been compiled. As so many in our community, we also had to remove a beautiful oak tree that was leaning toward our house and hanging over our son’s bedroom. After helping so many homeowners through the process of removing trees we were able to network with a company and save about 30’ of the base of the oak in our yard. We are looking forward to making several park benches to give back to the community as a reminder that life goes on and our plantation survived the wrath of Hurricane Matthew. We hope your New Year is off to a great start!

To complete the survey, please go to: www.LeamingtonHurricaneMatthewDamageSurvey.info.

Leamington Villa Listings STATUS

ADDRESS

VIEW

Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Pending Pending Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold

164 S Shore Drive Unit #501 164 S Shore Drive Unit #201 63 Ocean Lane Unit #2219 63 Ocean Lane Unit #2220 41 Ocean Lane Unit #6308 65 Ocean Lane Unit #309 164 S Shore Drive Unit #105 41 Ocean Lane Unit #6201 75 Ocean Lane Unit #305 47 Ocean Lane Unit #5405 47 Ocean Lane Unit #5203 89 Ocean Lane Unit #8123 50 Ocean Lane Unit #106 41 Ocean Lane Unit #6103 65 Ocean Lane Unit #406 65 Ocean Lane Unit #207 77 Ocean Lane Unit #411 65 Ocean Lane Unit #107 65 Ocean Lane Unit #2112 65 Ocean Lane Unit #106 87 Ocean Lane Unit #8112 47 Ocean Lane Unit #5504 89 Ocean Lane Unit #8128 7880 Ocean Lane Unit #7601 63 Ocean Lane Unit #2515 63 Ocean Lane Unit #2314 65 Ocean Lane Unit #503 63 Ocean Lane Unit #2414 75 Ocean Lane Unit #406 47 Ocean Lane Unit #5304 63 Ocean Lane Unit #2114 47 Ocean Lane Unit #5201 47 Oceam Lane Unit #5104 65 Ocean Lane Unit #105 65 Ocean Lane Unit #504 65 Ocean Lane Unit #111 77 Ocean Lane Unit #517 65 Ocean Lane Unit #408 1 Ocean Lane Unit #2518 164 S Shore Drive Unit #401 47 Ocean Lane Unit #5309 63 Ocean Lane Unit #2518 41 Ocean Lane Unit #6409 65 Ocean Lane Unit #208 65 Ocean Lane Unit #108 65 Ocean Lane Unit #2417 145 S Shore Drive Unit #3102 75 Ocean Lane Unit #405 57 Ocean Lane Unit #3205 47 Ocean Lane Unit #5507 51 Ocean Lane Unit #4202 41 Ocean Lane Unit #6203 89 Ocean Lane Unit #8126 50 Ocean Lane Unit #117 89 Ocean Lane Unit #8138 76 Ocean Lane Unit #7632 47 Ocean Lane Unit #5103 65 Ocean Lane Unit #2416 50 Ocean Lane Unit #121 50 Ocean Lane Unit #123 89 Ocean Lane Unit #8121 89 Ocean Lane Unit #8119 77 Ocean Lane Unit #212 77 Ocean Lane Unit #116 77 Ocean Lane Unit #115 75 Ocean Lane Unit #506 80 Ocean Lane Unit #7617 7577 Ocean Lane Unit #602 41 Ocean Lane Unit #6104 80 Ocean Lane Unit #7616 7577 Ocean Lane Unit #610 77 Ocean Lane Unit #611 7577 Ocean Lane Unit #705 7577 Ocean Lane Unit #604

Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Landscape Lagoon Ocean Ocean Ocean Ocean Ocean Ocean Ocean Pool Ocean Wooded Pool Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Wooded Lagoon Ocean Lagoon Ocean Ocean Lagoon Lagoon Pool Pool Ocean Ocean Ocean Ocean Lagoon Lagoon Ocean Lagoon Lagoon Lagoon Lagoon Lagoon

YEAR APPROX. TOTAL LIST PRICE CLOSE PRICE FULL BATHS HALF BATHS BUILT SQ. FOOTAGE BEDROOMS 4 3 3 3 3 3 3 3 3 2 2 3 3 2 2 2 2 2 2 2 2 1 2 3 1 1 1 1 1 1 1 1 1 1 1 1 1 3 2 3 3 4 3 3 3 3 3 3 2 2 2 2 3 3 3 3 2 2 2 3 2 2 2 2 2 1 2 3 1 2 2 2 1 1

4 3 3 3 3 3 3 3 3 2 2 3 3 2 2 2 2 2 2 2 2 2 2 3 2 2 2 2 1 2 2 2 2 2 2 2 1 3 2 3 3 4 3 3 3 3 3 3 2 2 2 2 3 3 3 3 2 2 2 3 2 2 2 2 2 1 2 2 2 2 2 2 1 1

Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between January 1, 2016 and December 31, 2016

1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 1 1

1999 1999 1993 1993 1996 1993 1999 1996 1986 1996 1996 2001 1986 1996 1993 1993 1986 1993 1993 1993 2001 1996 2001 1991 1993 1993 1993 1993 1986 1996 1993 1996 1996 1993 1993 1993 1986 1993 1986 1999 1996 1993 1996 1993 1993 1993 2006 1986 1994 1996 1995 1996 2001 1986 2001 1991 1996 1993 1986 1986 2001 2001 1986 1986 1986 1986 1991 1986 1996 1991 1986 1986 1986 1986

3,746 2,740 1,830 1,830 1,971 1,830 2,366 1,971 1,792 1,540 1,540 1,933 1,534 1,540 1,442 1,442 1,171 1,442 1,442 1,442 1,536 985 1,536 1,511 1,019 1,019 1,019 1,019 960 985 1,019 985 985 1,019 1,019 1,019 862 1,830 1,232 2,740 1,966 2,130 1,966 1,830 1,830 2,130 2,481 1,792 1,442 1,540 1,442 1,540 1,933 1,500 1,933 1,511 1,392 1,442 1,120 1,534 1,536 1,536 1,171 1,171 1,171 960 1,488 1,498 985 1,406 1,108 1,108 801 801

$2,895,000 $1,775,000 $1,495,000 $1,399,000 $1,395,000 $1,299,000 $1,295,000 $1,195,000 $925,000 $849,900 $799,500 $779,000 $769,000 $749,500 $729,000 $699,888 $679,000 $649,000 $649,000 $599,000 $595,000 $579,000 $559,000 $549,000 $549,000 $535,000 $519,500 $515,000 $495,000 $479,000 $465,000 $459,000 $449,500 $444,500 $439,000 $433,000 $369,000 $1,395,000 $449,000 $1,895,000 $1,495,000 $1,495,000 $1,395,000 $1,285,000 $1,189,000 $1,175,000 $1,090,000 $895,000 $799,900 $769,000 $749,000 $745,000 $729,000 $719,000 $710,000 $689,000 $679,000 $649,000 $599,000 $599,000 $579,000 $579,000 $559,000 $529,000 $525,000 $499,900 $499,500 $479,000 $479,000 $469,000 $429,900 $379,900 $299,000 $299,000

------------------------------------------------------------------------------$1,795,000 $1,400,000 $1,300,000 $1,375,000 $1,100,000 $1,080,000 $1,065,000 $950,000 $792,500 $770,000 $727,500 $675,000 $730,000 $690,000 $640,000 $660,000 $679,000 $635,000 $645,000 $588,493 $590,000 $535,000 $559,000 $540,000 $500,000 $515,000 $475,000 $450,000 $455,000 $455,000 $445,000 $380,000 $360,000 $258,000 $272,500

Our international reach finds home buyers.

Continents

37 Countries

700+

Shops

7,000+

Advisors

International buyers have invested more than $92 billion in U.S. homes (Source: 2014 Profile of International Home Buying Activity). Today’s real estate professionals need to demonstrate international expertise and have the proven ability to promote their properties to buyers worldwide. Engel & Völkers is a revolutionary global brand with more than 700 brokerages and 7,000 advisors in highly desirable markets including the United States, Canada and Europe.

A global real estate network with buyer referrals from national and international markets such as Atlanta, New York Metro Area, Canada and Europe.

Industry-leading technology tools that reach home buyers and sellers online where 92% of people begin their home search. Source: National Association of Realtors

At Engel & Völkers Hilton Head Island - Bluffton, we are committed to bringing that same revolutionary approach to the Leamington real estate market. Our goal is to provide unrivaled service in the residential real estate market as we bring qualified buyers from around the world to unique properties throughout the Lowcountry. Only the most dedicated and professional advisors, with an exclusive clientele built from years of experience, are a part of our brand. By combining the local market expertise of our seasoned team with an exceptional global network, we are able to find buyers for our deserving clients.

We believe that discretion is the cornerstone of any trustworthy relationship and that protecting the interests of our clients is a point of honor. At Engel & Völkers, we firmly count on innovation, co-operation, professionalism and reliability to drive success. Our culture of expertise and passion is shared through our proprietary technology which leverages the full power of our network for the clients we serve. In this way, we are truly connected. Let us make the right connections for you. We look forward to working with you closely to examine your real estate goals before developing a strategy to obtain them. Please contact us to schedule a brief introductory meeting and complimentary home valuation.

COMMUNITY Whether buying or selling a home, around the world or across the street, the Clarke Team is here to SPECIALIST help. We’ve successfully helped buyers and sellers in the Hilton Head-Bluffton area for over 10 years. For an instant home evaluation please go to www.leamingtoninstanthomevaluation.info or contact us at 843-290-5828.

PRSRT STD US POSTAGE PAID Permit 73 Hilton Head Is., SC

Larry and Karen Clarke, Clarke Team Real Estate Advisors Engel & Völkers Hilton Head Island - Bluffton Telephone • 843-290-5828 Email • clarketeam@evusa.com Website • www.clarketeam.evusa.com

©2016 Engel & Völkers. All rights reserved. Each brokerage is independently owned and operated. All information provided is deemed reliable but is not guaranteed and should be independently verified. If your property is currently represented by a real estate broker, this is not an attempt to solicit your listing. Engel & Völkers and its independent License Partners are Equal Opportunity Employers and fully support the principles of the Fair Housing Act.