THE STATE
Our Portfolio of Fine Homes in Leamington and Palmetto Dunes
of the Leamington Real Estate Market
January 2018
KEY METRICS
22 Arthur Hills Court, Palmetto Dunes
4 Bedrooms | 3.5 Bathrooms | 3,500 Htd. SqFt | Lagoon/Golf View | $965,000
Million Dollar Views Located on a quiet cul-de-sac in Leamington Plantation, between the 11-mile lagoon and the 2nd and 3rd holes of the Arthur Hills Golf Course, is this magnificent home. Plentiful windows beckon sunlight to dance at your feet as you sashay through the formal living room and dining room down the hallway to an open family area, year-round Carolina room, and deck. The family room adjoins an oversized kitchen with a breakfast nook and extra large island. Abundant storage holds every woman’s treasures, and the oversized garage makes for the perfect ‘man-cave.’ This picturesque home is framed by lush landscaping and a wrap-around deck.
2017 Year-End in Review
In Leamington Plantation, 16 homes closed in 2017, very close to the 17 which closed at the end of 2016. January through December’s total dollar volume was $13.680M, less than the total volume of $15.426M in 2016. Supply and demand: as of January 3rd, 2018, there are eight Leamington Plantation homes listed for sale with an average of 1.33 homes selling per month over the last six months. That translates into a 6.02-month supply, considered by industry experts to be a buyer’s market. There is one home under contract in Leamington. In the lot realm, three lots closed in 2017, compared to one lot in the previous year. There are currently no lots under contract at this present time.
16
$840,000
95.68%
39
Total Sales
Median Price
Sale to List Price
Median Days on Market
Hilton Head Island Real Estate Market Overview
47 Ocean Lane # 5108, Palmetto Dunes (Hampton Place Villas) 3 Bedrooms | 3 Bathrooms | 1,971 Htd. SqFt | Ocean View | $1,275,000 st Direct Oceanfront Views Await You! This beautiful 1 -floor villa offers breathtaking views of the Atlantic Ocean. Fabulous open floor plan with family room, dining area, breakfast nook, and kitchen with stainless steel appliances and granite counters. Luxury vinyl floors throughout main living area, travertine in the bathrooms, and carpet in bedrooms. Private balcony off the bedroom and family rooms. Hampton Place Villas offers residents two oceanfront swimming pools with sun decks, a spa, a fitness center, and a grill area. Under garage parking and private locked storage for your convenience. It’s a great investment property and can generate $85K - $90K of rental income a year.
COMMUNITY SPECIALIST The Clarke Team is your Leamington Real Estate Specialist. Are you considering listing your home? Please
contact us for a complimentary, no-obligation home value consultation and let us show you how we utilize our digital presence, tailored platforms, and global network of advisors and premium buyers to sell your home.
Larry and Karen Clarke, Real Estate Advisors Main Shop | 800 Main Street, Hilton Head Island South Island Lounge | 7 New Orleans Road, Hilton Head Island Historic Bluffton Lounge | 6 Promenade Street, Suite 1001, Bluffton
Telephone • 843-290-5828 Email • clarketeam@evusa.com Website • www.clarketeam.evusa.com ©2018 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.
PRSRT STD US POSTAGE PAID Permit 73
ACTIVE LISTINGS ON HILTON HEAD ISLAND
551 How’s the Hilton Head Island Real Estate Market Doing?
YTD Hilton Head Island Home Sales Year
Number of Homes Sold
Median Price
2013
830
$486,00
2014
827
$486,000
2015
864
$525,000
2016
844
$525,000
2017
913
$550,000
Hilton Head Is., SC
The Hilton Head Island housing market in 2017 enjoyed its best year since the beginning of the recession. More homes sold in 2017 than in any year since 2005, according to statistics from the Hilton Head Area Multiple Listing Service. As you can see from the chart to the left, sales on the Island have steadily increased over the last five years. In other positive news, home values in 2017 were up 4.8% over 2016 prices, but still 26% 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 on the Island.
This information is based on data provided by Multiple Listing Service of Hilton Head Island, Inc. (“HHIMLS”) for the period January 2017 through November 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.
Leamington Home Listings STATUS Active Active Active Active Active Active Active Active Active Pending Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold
TOTAL APPROX. ADDRESS VIEW FULL BATHS HALF BATHS YEAR BUILT BEDROOMS SQ. FOOTAGE 4 Fairway Court Golf, Lagoon 4 4 1 2004 5,000 13 S Shore Place Lagoon 4 4 1 1995 3,430 22 Arthur Hills Court Golf, Lagoon 4 3 1 1993 3,500 55 Heath Court W Golf, Lagoon 4 4 1 1990 3,524 6 Covington Court Lagoon 4 4 0 1989 2,479 10 Arthur Hills Court Golf, Lagoon 4 3 0 1992 3,251 73 Leamington Lane Golf, Landscape 4 4 0 1992 3,400 17 Interlochen Drive Landscape, Pool 5 4 1 2002 3,400 15 Interlochen Drive Landscape 3 2 1 1977 2,920 51 Heath Court W Golf 4 4 0 1990 4,335 160 S Shore Drive Ocean 5 5 1 1999 3,912 2 Fairway Court Golf, Lagoon 4 4 1 2008 4,258 4 Leamington Place Lagoon, Pool 4 5 1 1999 3,482 1 Fairway Court Golf, Lagoon 5 5 1 1999 6,122 38 Leamington Lane Golf 4 4 1 2016 3,130 4 S Shore Drive Golf, Lagoon 4 3 1 2015 3,000 13 Queens Way Golf 3 3 1 1992 4,188 19 Leamington Lane Lagoon/Canal 4 4 0 1993 3,262 2 Niblick Court Lagoon 5 3 1 2002 3,459 7 Merion Court Golf 4 4 1 2006 4,204 9 End Court Golf, Pool 4 3 0 1989 2,900 86 Leamington Lane Golf, Lagoon 4 3 0 1996 3,071 47 Heath Court W Golf 3 3 0 1997 2,310 3 End Court Landscape 3 2 1 1995 2,023 1 Brassie Court Golf, Landscape 3 2 1 1985 2,048 11 Brassie Court Golf 3 2 0 1991 2,056 62 Leamington Lane Golf 3 3 1 1987 3,054
Home Prices Up 6.54% Across the Country
LIST PRICE CLOSE PRICE $1,390,000 $1,070,000 $950,000 $929,000 $895,000 $875,000 $824,000 $795,500 $619,000 $699,000 $2,695,000 $1,399,000 $1,339,000 $1,225,000 $1,190,000 $1,219,000 $1,050,000 $949,000 $908,000 $829,000 $849,000 $749,000 $710,000 $539,000 $519,900 $540,000 $499,000
--------------------$2,425,000 $1,300,000 $1,235,000 $1,190,000 $1,170,000 $1,092,500 $1,050,000 $895,000 $870,000 $810,000 $790,000 $727,500 $710,000 $515,000 $500,000 $425,000 $400,000
KEY TRENDS
Source: Keeping Current Matters, December 2017
The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index, in which they compare home prices regionally and by state.
Year Over Year Prices by Region WEST NORTH CENTRAL
PACIFIC MOUNTAIN
8.91%
EAST NORTH CENTRAL
5.22%
NEW ENGLAND
5.91%
8.63%
5.96%
MIDDLE ATLANTIC 4.81%
WV
SOUTH ATLANTIC 6.58% EAST SOUTH CENTRAL
USA AVERAGE
6.10%
6.54%
Definitions for Listings
< 0.0%
Active - On the Market Pending - Under Contract Sold - Closed Between January 1, 2017 and December 31, 2017
WEST SOUTH CENTRAL
0.0% to 2.9%
6.15%
3.0% to 7.9% > 8.0%
TECH FOCUS
Extensive Domestic & Global Exposure (EDGE™) Smart Marketing, Extensive Exposure, and Tailored Strategies to Sell Your Home
Global reach with boutique style is what you can expect when working with Engel & Völkers here and around the world - and we’ve sharpened our EDGE. Committed to delivering the highest level of customer service, we provide Extensive Domestic & Global Exposure (EDGE) designed to maximize exposure of your listing to qualified, targeted buyers worldwide with the utmost care and competency.
Looking at the breakdown by state, you can see that each state is appreciating at a different rate. This is important to know if you are planning on relocating to a different area of the country.
Year Over Year Prices by State
• Highly trusted strategic online and mobile marketing partners with a combined 500 million website and mobile views per month
WA 11.5%
VT (2.0%)
• White-glove professionalism and local market expertise of your dedicated Advisor
ND 2.0%
MT 6.5%
• A global network spanning more than 30 countries with 9,000 Advisors in 750 shops around the world OR 8.8%
ID 5.0% WY 2.3%
Let us provide the EDGE you need to sell your home. Contact Larry and Karen Clarke for a complimentary, no-obligation home valuation. NV 9.6% CA 8.4%
UT 9.2%
AZ 10.0%
CO 8.5%
MN 6.2%
WI 6.8%
SD 5.7% IA 3.6%
NE 6.1%
OK 4.0%
NM 5.4%
MI 7.9%
IL 3.9%
5.6%
KY 7.3% 8.7%
TX 7.1%
WV 1.1%
VA 4.6%
CT (3.1%) NJ (3.9%) DE (2.2%) MD (5.8%) DC (11.6%)
NC 6.0%
TN
SC 7.2%
AR 4.3% MS 1.9%
NH (6.6%) MA (7.4%) RI (7.3%)
PA 4.3% OH 5.9%
IN
MO 5.6%
KS 4.6%
NY 5.8%
ME 7.2%
AL 4.3%
GA 7.6%
FL 8.1%
AK
< 0.0% 0.0% to 2.9% 3.0% to 7.9% HI 10.0%
Waiting to move may end up costing you more!
”
LA 4.4%
3.1%
“
> 8.0%
Leamington Home Listings STATUS Active Active Active Active Active Active Active Active Active Pending Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold
TOTAL APPROX. ADDRESS VIEW FULL BATHS HALF BATHS YEAR BUILT BEDROOMS SQ. FOOTAGE 4 Fairway Court Golf, Lagoon 4 4 1 2004 5,000 13 S Shore Place Lagoon 4 4 1 1995 3,430 22 Arthur Hills Court Golf, Lagoon 4 3 1 1993 3,500 55 Heath Court W Golf, Lagoon 4 4 1 1990 3,524 6 Covington Court Lagoon 4 4 0 1989 2,479 10 Arthur Hills Court Golf, Lagoon 4 3 0 1992 3,251 73 Leamington Lane Golf, Landscape 4 4 0 1992 3,400 17 Interlochen Drive Landscape, Pool 5 4 1 2002 3,400 15 Interlochen Drive Landscape 3 2 1 1977 2,920 51 Heath Court W Golf 4 4 0 1990 4,335 160 S Shore Drive Ocean 5 5 1 1999 3,912 2 Fairway Court Golf, Lagoon 4 4 1 2008 4,258 4 Leamington Place Lagoon, Pool 4 5 1 1999 3,482 1 Fairway Court Golf, Lagoon 5 5 1 1999 6,122 38 Leamington Lane Golf 4 4 1 2016 3,130 4 S Shore Drive Golf, Lagoon 4 3 1 2015 3,000 13 Queens Way Golf 3 3 1 1992 4,188 19 Leamington Lane Lagoon/Canal 4 4 0 1993 3,262 2 Niblick Court Lagoon 5 3 1 2002 3,459 7 Merion Court Golf 4 4 1 2006 4,204 9 End Court Golf, Pool 4 3 0 1989 2,900 86 Leamington Lane Golf, Lagoon 4 3 0 1996 3,071 47 Heath Court W Golf 3 3 0 1997 2,310 3 End Court Landscape 3 2 1 1995 2,023 1 Brassie Court Golf, Landscape 3 2 1 1985 2,048 11 Brassie Court Golf 3 2 0 1991 2,056 62 Leamington Lane Golf 3 3 1 1987 3,054
Home Prices Up 6.54% Across the Country
LIST PRICE CLOSE PRICE $1,390,000 $1,070,000 $950,000 $929,000 $895,000 $875,000 $824,000 $795,500 $619,000 $699,000 $2,695,000 $1,399,000 $1,339,000 $1,225,000 $1,190,000 $1,219,000 $1,050,000 $949,000 $908,000 $829,000 $849,000 $749,000 $710,000 $539,000 $519,900 $540,000 $499,000
--------------------$2,425,000 $1,300,000 $1,235,000 $1,190,000 $1,170,000 $1,092,500 $1,050,000 $895,000 $870,000 $810,000 $790,000 $727,500 $710,000 $515,000 $500,000 $425,000 $400,000
KEY TRENDS
Source: Keeping Current Matters, December 2017
The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index, in which they compare home prices regionally and by state.
Year Over Year Prices by Region WEST NORTH CENTRAL
PACIFIC MOUNTAIN
8.91%
EAST NORTH CENTRAL
5.22%
NEW ENGLAND
5.91%
8.63%
5.96%
MIDDLE ATLANTIC 4.81%
WV
SOUTH ATLANTIC 6.58% EAST SOUTH CENTRAL
USA AVERAGE
6.10%
6.54%
Definitions for Listings
< 0.0%
Active - On the Market Pending - Under Contract Sold - Closed Between January 1, 2017 and December 31, 2017
WEST SOUTH CENTRAL
0.0% to 2.9%
6.15%
3.0% to 7.9% > 8.0%
TECH FOCUS
Extensive Domestic & Global Exposure (EDGE™) Smart Marketing, Extensive Exposure, and Tailored Strategies to Sell Your Home
Global reach with boutique style is what you can expect when working with Engel & Völkers here and around the world - and we’ve sharpened our EDGE. Committed to delivering the highest level of customer service, we provide Extensive Domestic & Global Exposure (EDGE) designed to maximize exposure of your listing to qualified, targeted buyers worldwide with the utmost care and competency.
Looking at the breakdown by state, you can see that each state is appreciating at a different rate. This is important to know if you are planning on relocating to a different area of the country.
Year Over Year Prices by State
• Highly trusted strategic online and mobile marketing partners with a combined 500 million website and mobile views per month
WA 11.5%
VT (2.0%)
• White-glove professionalism and local market expertise of your dedicated Advisor
ND 2.0%
MT 6.5%
• A global network spanning more than 30 countries with 9,000 Advisors in 750 shops around the world OR 8.8%
ID 5.0% WY 2.3%
Let us provide the EDGE you need to sell your home. Contact Larry and Karen Clarke for a complimentary, no-obligation home valuation. NV 9.6% CA 8.4%
UT 9.2%
AZ 10.0%
CO 8.5%
MN 6.2%
WI 6.8%
SD 5.7% IA 3.6%
NE 6.1%
OK 4.0%
NM 5.4%
MI 7.9%
IL 3.9%
5.6%
KY 7.3% 8.7%
TX 7.1%
WV 1.1%
VA 4.6%
CT (3.1%) NJ (3.9%) DE (2.2%) MD (5.8%) DC (11.6%)
NC 6.0%
TN
SC 7.2%
AR 4.3% MS 1.9%
NH (6.6%) MA (7.4%) RI (7.3%)
PA 4.3% OH 5.9%
IN
MO 5.6%
KS 4.6%
NY 5.8%
ME 7.2%
AL 4.3%
GA 7.6%
FL 8.1%
AK
< 0.0% 0.0% to 2.9% 3.0% to 7.9% HI 10.0%
Waiting to move may end up costing you more!
”
LA 4.4%
3.1%
“
> 8.0%
THE STATE
Our Portfolio of Fine Homes in Leamington and Palmetto Dunes
of the Leamington Real Estate Market
January 2018
KEY METRICS
22 Arthur Hills Court, Palmetto Dunes
4 Bedrooms | 3.5 Bathrooms | 3,500 Htd. SqFt | Lagoon/Golf View | $965,000
Million Dollar Views Located on a quiet cul-de-sac in Leamington Plantation, between the 11-mile lagoon and the 2nd and 3rd holes of the Arthur Hills Golf Course, is this magnificent home. Plentiful windows beckon sunlight to dance at your feet as you sashay through the formal living room and dining room down the hallway to an open family area, year-round Carolina room, and deck. The family room adjoins an oversized kitchen with a breakfast nook and extra large island. Abundant storage holds every woman’s treasures, and the oversized garage makes for the perfect ‘man-cave.’ This picturesque home is framed by lush landscaping and a wrap-around deck.
2017 Year-End in Review
In Leamington Plantation, 16 homes closed in 2017, very close to the 17 which closed at the end of 2016. January through December’s total dollar volume was $13.680M, less than the total volume of $15.426M in 2016. Supply and demand: as of January 3rd, 2018, there are eight Leamington Plantation homes listed for sale with an average of 1.33 homes selling per month over the last six months. That translates into a 6.02-month supply, considered by industry experts to be a buyer’s market. There is one home under contract in Leamington. In the lot realm, three lots closed in 2017, compared to one lot in the previous year. There are currently no lots under contract at this present time.
16
$840,000
95.68%
39
Total Sales
Median Price
Sale to List Price
Median Days on Market
Hilton Head Island Real Estate Market Overview
47 Ocean Lane # 5108, Palmetto Dunes (Hampton Place Villas) 3 Bedrooms | 3 Bathrooms | 1,971 Htd. SqFt | Ocean View | $1,275,000 st Direct Oceanfront Views Await You! This beautiful 1 -floor villa offers breathtaking views of the Atlantic Ocean. Fabulous open floor plan with family room, dining area, breakfast nook, and kitchen with stainless steel appliances and granite counters. Luxury vinyl floors throughout main living area, travertine in the bathrooms, and carpet in bedrooms. Private balcony off the bedroom and family rooms. Hampton Place Villas offers residents two oceanfront swimming pools with sun decks, a spa, a fitness center, and a grill area. Under garage parking and private locked storage for your convenience. It’s a great investment property and can generate $85K - $90K of rental income a year.
COMMUNITY SPECIALIST The Clarke Team is your Leamington Real Estate Specialist. Are you considering listing your home? Please
contact us for a complimentary, no-obligation home value consultation and let us show you how we utilize our digital presence, tailored platforms, and global network of advisors and premium buyers to sell your home.
Larry and Karen Clarke, Real Estate Advisors Main Shop | 800 Main Street, Hilton Head Island South Island Lounge | 7 New Orleans Road, Hilton Head Island Historic Bluffton Lounge | 6 Promenade Street, Suite 1001, Bluffton
Telephone • 843-290-5828 Email • clarketeam@evusa.com Website • www.clarketeam.evusa.com ©2018 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.
PRSRT STD US POSTAGE PAID Permit 73
ACTIVE LISTINGS ON HILTON HEAD ISLAND
551 How’s the Hilton Head Island Real Estate Market Doing?
YTD Hilton Head Island Home Sales Year
Number of Homes Sold
Median Price
2013
830
$486,00
2014
827
$486,000
2015
864
$525,000
2016
844
$525,000
2017
913
$550,000
Hilton Head Is., SC
The Hilton Head Island housing market in 2017 enjoyed its best year since the beginning of the recession. More homes sold in 2017 than in any year since 2005, according to statistics from the Hilton Head Area Multiple Listing Service. As you can see from the chart to the left, sales on the Island have steadily increased over the last five years. In other positive news, home values in 2017 were up 4.8% over 2016 prices, but still 26% 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 on the Island.
This information is based on data provided by Multiple Listing Service of Hilton Head Island, Inc. (“HHIMLS”) for the period January 2017 through November 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.