P P R R O I V C E E M E N
T
THE STATE
IM
of the Palmetto Dunes Real Estate Market
October 2017 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 2 and 3 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. nd
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The First Nine Months of 2017 in Review
Palmetto Dunes’ first nine months of 2017 sales are consistent with 2016 sales: 31 homes closed this year compared to 32 homes last year. The first nine months’ total dollar volume of homes sold in 2017 was $39,294,500 up from $35,585,875 in 2016. Supply and demand: there are currently 65 homes listed for sale with an average of 3.44 homes selling per month over the past nine months. That translates into an 18.87-month supply, considered by industry experts to be a buyer’s market. As of October 15, 2017, there were four homes pending/under contract. In the lot realm, ten lots closed this year compared to only four sales in the first nine months of 2016. Additionally, there are 14 lots marketed for sale. How’s the Hilton Head Island - Bluffton Real Estate Market? The Hilton Head Island-Bluffton housing market continues to be on fire, setting the all-time record for the first three quarters of any year in the history of our area, according to statistics from the Hilton Head Island-Bluffton Area Multiple Listing Service. In the boom years prior to The Great Recession, home sales in 2005 set a new first three quarters’ record of 2,051 homes sold. In the first three quarters of 2017 though, 2,594 homes were sold, a dramatic 26% difference. In other positive news, home values in just the first nine months of 2017 were up 1.9% 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 in our area. All MLS Palmetto Dunes, Detached
Historical Median Sales Price Rolling 12-Month Calculation
47 Ocean Lane # 5108, Palmetto Dunes (Hampton Place Villas)
3 Bedrooms | 3 Bathrooms | 1,971 Htd. SqFt | Ocean View | $1,275,000
Direct Oceanfront Views Await You! This beautiful 1st-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.
Inventory of Homes For Sale COMMUNITY SPECIALIST
The Clarke Team is your Palmetto Dunes 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.
Number of Closed Home Sales
100
40
80
32
60
24
40
16
20
8
Total Value of Homes Closed $40,000,000 $35,000,000 $30,000,000 $25,000,000 $20,000,000
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 ©2017 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
Hilton Head Is., SC
56
0
On 09/30/16
65
On 09/30/17
$15,000,000 $10,000,000 32
0
1st Nine Months of 2016
31
1st Nine Months of 2017
$5,000,000 0
$35,585,875
$39,294,500
1st Nine Months of 2016
1st Nine Months of 2017
This information is based on data provided by Multiple Listing Service of Hilton Head Island, Inc. (“HHIMLS”) for the period January 2017 through October 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.
APPROX. LOT SIZE (ACRES) Mariners Side 15 Brigantine Ocean 0.3626 Mariners Side 6 Night Harbour Ocean 0.3111 Mariners Side 9 Long Boat Ocean 0.3101 Mariners Side 4 Flotilla Ocean 0.3434 Mariners Side 3 Long Boat Ocean 0.3902 Mariners Side 2 Junket Landscape 0.3166 Mariners Side 126 Mooring Buoy Wooded 0.3557 Mariners Side 46 Mooring Buoy Landscape 0.3459 Mariners Side 38 Sea Lane Lagoon/Canal 0.5281 Inverness Side 6 Strath Court Lagoon/Canal 0.2634 Inverness Side 1 Promontory Court Golf 0.5921 Mariners Side 86 Port Tack Lagoon/Canal, Lake 0.542 Inverness Side 16 Cartgate Drive Wooded 0.2783 Inverness Side 17 Heath Drive Wooded 0.2784 Mariners Side 6 Brigantine Landscape 0.3454 Mariners Side 5 Cat Boat Wooded 0.3915 Mariners Side 3 Port Tack Lagoon/Canal 0.51 Mariners Side 107 Mooring Buoy Wooded 0.5129 Mariners Side 79 Mooring Buoy Wooded 0.5126 Mariners Side 20 Starboard Tack Lagoon/Canal 0.4921 Mariners Side 5 Rum Row Golf 0.4585 Mariners Side 13 Full Sweep Lake 0.4277 Mariners Side 40 Swing About Golf, Landscape 0.5036 Mariners Side 48 Off Shore Golf 0.4568
STATUS SUB-AREA Active Active Active Active Active Active Active Active Active Active Active Active Active Active Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold
ADDRESS
VIEW
Definitions for Listings
LIST PRICE CLOSE PRICE $3,769,000 $2,999,000 $2,890,000 $1,299,000 $950,000 $770,000 $745,000 $690,000 $599,000 $450,000 $275,000 $254,000 $249,900 $249,900 $807,000 $790,000 $550,000 $544,800 $540,000 $332,000 $270,000 $250,000 $225,000 $185,000
Active - On the Market Pending - Under Contract Sold - Closed Between July 1, 2017 and September, 2017
----------------------------$807,000 $790,000 $550,000 $544,800 $540,000 $332,000 $270,000 $250,000 $225,000 $185,000
2017 Sales at an All-Time High Best First Three Quarters for Home Sales Ever
KEY TRENDS
Source: Multiple Listing Service of Hilton Head Island, Inc.
Homes Sold Each First Three Quarters, 2005-2017 Hilton Head Island/Bluffton
2594
2017
2302
2080
1732
1551
1377
1112
1482
1249
1572
20
1000
20
1500
20
2000
20
2500
2517
3000
500 0 17
16
15
20
14
13
12
20
11
20
------------------------------------------------------------------------------------------------------------------------------------------$4,235,000 $3,850,000 $3,500,000 $2,750,000 $2,050,000 $1,845,000 $1,770,000 $1,680,000 $1,600,000 $1,585,000 $1,550,000 $1,250,000 $1,225,000 $970,000 $970,000 $930,000 $922,000 $885,000 $850,000 $875,000 $810,000 $735,000 $727,500 $680,000 $675,000 $680,000 $660,000 $610,000 $605,000 $440,000 $425,000 $399,000 $376,000
10
CLOSE PRICE
$6,950,000 $4,695,000 $4,595,000 $4,299,000 $4,150,000 $3,799,000 $3,695,000 $3,388,000 $3,250,000 $2,795,000 $1,999,000 $1,895,000 $1,895,000 $1,695,000 $1,675,000 $1,439,000 $1,399,000 $1,395,000 $1,395,000 $1,395,000 $1,349,000 $1,325,000 $1,295,000 $1,295,000 $1,275,000 $1,225,000 $1,195,000 $1,190,000 $1,175,000 $1,129,000 $1,100,000 $1,050,000 $995,000 $995,000 $899,900 $899,900 $899,000 $895,000 $799,900 $799,000 $792,000 $789,000 $769,000 $745,000 $745,000 $739,000 $735,000 $735,000 $730,000 $729,000 $727,900 $699,000 $689,000 $659,000 $649,000 $639,000 $629,900 $629,000 $629,000 $614,900 $559,900 $559,000 $559,000 $500,000 $499,900 $3,100,000 $989,500 $869,000 $629,000 $4,500,000 $3,995,000 $3,895,000 $2,995,000 $2,250,000 $1,995,000 $1,995,000 $1,795,000 $1,695,000 $1,650,000 $1,639,000 $1,399,000 $1,199,900 $1,075,000 $995,000 $995,000 $954,900 $905,000 $899,500 $899,000 $832,900 $775,000 $749,000 $714,000 $699,000 $699,000 $679,000 $665,000 $649,000 $489,000 $429,000 $399,000 $399,000
20
LIST PRICE
09
1978 1981 1999 2004 1994 1989 1992 1994 1987 2016 1984 1979 1980 1992 1992 1990 1981 1984 1984 1981 1988 1982 1983 1974 1994 2001 1989 1987 1979 1979 1973 1972 2003 1999 2003 2005 2000 1975 1994 1970 2002 1995 1999 1981 1995 1978 1974 1981 1987 1983 1980 1983 1984 1989 1987 1989 1973 1982 1994 1985 1980 1982 1995 1986 1986 1971 1981 1982 1976 2016 2002 1995 1980 2005 2016 1990 2001 1993 1998 2013 1998 2006 1992 1999 1976 1979 1989 1979 1979 2000 1994 1998 1988 1990 1983 1974 1998 2000 1985 1982 1986 1973
20
1 1 0 3 2 1 0 1 1 1 1 2 2 1 1 1 1 1 1 0 1 1 1 1 0 1 0 2 0 0 0 1 1 0 1 0 2 0 0 0 0 0 1 0 0 0 0 0 0 1 1 0 1 0 0 0 0 1 1 1 0 0 0 1 1 1 0 0 0 2 1 1 2 2 1 2 2 1 1 1 1 1 1 0 1 0 1 0 0 0 1 1 1 1 0 1 1 0 0 0 1 2
08
10 5 6 5 5 6 5 5 4 6 6 5 6 5 6 4 6 3 4 5 4 3 4 5 5 4 5 7 3 3 3 3 3 5 4 4 4 4 4 4 4 3 3 5 3 3 4 4 4 4 2 3 2 3 4 3 3 3 2 2 2 2 3 3 2 4 3 4 2 5 6 5 6 5 4 4 6 5 6 4 6 6 4 3 3 4 4 4 3 4 3 4 4 2 3 3 4 2 3 2 3 3
APPROX. SQ. FOOTAGE 9,514 5,600 4,633 5,500 4,956 4,560 4,916 3,700 3,842 4,431 5,112 3,680 4,561 4,591 4,022 3,292 3,487 2,680 3,038 3,966 5,087 3,173 2,710 5,802 3,005 3,308 4,012 4,604 2,477 2,385 2,132 3,239 3,263 3,870 3,411 3,163 3,968 2,100 2,542 2,648 2,785 2,438 2,538 2,846 3,040 2,100 3,840 2,500 2,244 3,435 2,536 2,430 2,237 2,592 2,843 2,452 2,176 2,512 2,873 2,330 2,034 1,958 1,956 2,240 1,818 5,342 2,505 2,506 1,820 4,638 5,885 4,992 5,335 7,056 4,144 4,844 4,976 5,701 4,320 3,624 5,158 5,179 3,236 2,818 2,768 2,361 3,409 2,600 2,515 3,000 2,842 2,749 3,160 2,521 2,407 2,497 2,894 2,111 2,330 1,958 2,240 3,648
20
YEAR BUILT
07
Lagoon/Canal, Pool Landscape Golf, Pool Lagoon/Canal Pool, Wooded Landscape, Pool Landscape Golf Lagoon/Canal Golf, Pool Lagoon/Canal Lagoon/Canal, River Golf, Lagoon/Canal Lagoon/Canal Lagoon/Canal Golf, Lagoon/Canal Lake Lake Lake, Wooded Lagoon/Canal Pool, Wooded Landscape, Wooded Lake, Pool Golf, Pool Wooded Lake Golf Ocean Pool, Wooded Golf, Lagoon/Canal Golf Ocean Ocean Ocean Ocean Golf, Pool Lagoon/Canal, Pool Ocean, Wooded Ocean Ocean, Wooded Ocean, Pool Landscape Lagoon/Canal Golf, Lagoon/Canal Golf Lagoon/Canal, Pool Lagoon/Canal Landscape, Pool Lagoon/Canal Landscape Golf, Lagoon/Canal Lagoon/Canal, Pool Lagoon/Canal Landscape, Pool Lake, Pool Lagoon/Canal Golf Lake Landscape, Pool Golf, Pool Landscape, Wooded Golf Lake Lagoon/Canal, Pool
HALF BATHS
2051
Ocean, Tennis Court Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Landscape, Wooded Ocean Landscape, Pool Golf, Lagoon/Canal Wooded Ocean Landscape, Pool Golf, Pool Lagoon/Canal Landscape Landscape Lagoon/Canal, Pool Golf, Lagoon/Canal Landscape, Wooded Golf, Lagoon/Canal Wooded Lagoon/Canal Landscape, Pool Lagoon/Canal Wooded Lagoon/Canal, River Pool, Wooded Golf Golf, Lagoon/Canal Landscape, Pool Lagoon/Canal, Lake Lagoon/Canal Landscape, Pool
FULL BATHS
20
8 & 6 & 4 Galleon 12 Brigantine 9 Highrigger 9 Catboat 9 Junket 11 Dinghy 17 Armada 8 Night Harbour 19 Armada 6 Armada 5 Junket 164 Mooring Buoy 176 Mooring Buoy 3 Junket 4 Ketch 6 Flotilla 1 Night Harbour 44 Sea Lane 1 Eastwind 3 Flotilla 48 Sea Lane 14 Port Tack 6 Dinghy 29 Port Tack 2 Lee Shore 10 Strath Court 4 Catboat 9 High Water 1 Armada Street 4 Full Sweep 144 Mooring Buoy 19 Port Tack 7 Slack Tide 5 Hunt Club Court 39 Full Sweep 36 Starboard Tack 4 Ginger Beer Court 142 Mooring Buoy 8 Cottage Court 122 Mooring Buoy 58 Full Sweep 81 Port Tack 14 Promontory Court 1 Cockle Court 6 Cottage Court 29 Rum Row 40 Starboard Tack 22 Heath Drive 10 Hunt Club Court 11 Saint George Road 10 Full Sweep 37 Swing About 75 Port Tack 55 Sea Lane 35 Full Sweep 6 Topside 3 Up Wind 12 Sea Lane 22 Promontory Court 12 Promontory Court 21 Full Sweep 56 Full Sweep 19 Cartgate Drive 56 Port Tack 32 Off Shore 11 Catboat 136 Mooring Buoy 15 Promontory Court 8 Saint George Road 12 Armada Street 8 Flotilla 10 Highrigger 9 Iron Clad 11 Sea Lane 159 Mooring Buoy 162 Mooring Buoy 4 Brigantine 3 Galleon 6 Iron Clad 54 Mooring Buoy 179 Mooring Buoy 3 Lookout 5 Burns Court 46 Haul Away 34 Sea Lane 42 Mooring Buoy 50 Haul Away 44 Mooring Buoy 18 Full Sweep 75 Off Shore 5 Cockle Court 6 Flagg Road 3 Full Sweep 5 Off Shore 7 Ginger Beer Court 53 Full Sweep 3 Burns Court 8 Swing About 12 Promontory Court 56 Full Sweep 56 Port Tack 84 Port Tack
TOTAL BEDROOMS 10 6 5 5 5 6 5 5 4 6 6 5 5 5 6 5 6 4 5 5 6 4 4 6 5 5 5 7 3 4 3 4 4 5 4 5 5 3 5 4 4 3 3 6 4 3 4 4 4 4 4 4 3 3 4 3 3 4 3 3 3 3 3 3 3 4 3 4 3 5 6 5 6 5 5 5 6 5 6 5 7 7 4 4 5 4 4 5 3 4 3 4 4 3 3 4 5 3 3 3 3 4
06
Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Inverness Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Inverness Side Mariners Side Mariners Side Inverness Side Mariners Side Inverness Side Mariners Side Mariners Side Mariners Side Inverness Side Inverness Side Inverness Side Mariners Side Mariners Side Inverness Side Mariners Side Inverness Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Inverness Side Inverness Side Mariners Side Mariners Side Inverness Side Mariners Side Mariners Side Mariners Side Mariners Side Inverness Side Inverness Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Inverness Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Mariners Side Inverness Side Inverness Side Mariners Side Mariners Side Inverness Side Mariners Side Inverness Side Mariners Side Inverness Side Mariners Side Mariners Side Mariners Side
VIEW
20
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 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 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
ADDRESS
05
SUB-AREA
20
STATUS
Palmetto Dunes Lot Listings
Number of Homes Sold
Palmetto Dunes Home Listings
Home sales in the Hilton Head Island-Bluffton area in the first three quarters of 2017 were the best ever according to historical MLS records. As depicted in the chart, 2,594 homes sold in the first three quarters of 2017 far surpassing the pre-recession peak year of 2005. We are not aware of any markets in the US that have experienced a record-setting first three quarters.
APPROX. LOT SIZE (ACRES) Mariners Side 15 Brigantine Ocean 0.3626 Mariners Side 6 Night Harbour Ocean 0.3111 Mariners Side 9 Long Boat Ocean 0.3101 Mariners Side 4 Flotilla Ocean 0.3434 Mariners Side 3 Long Boat Ocean 0.3902 Mariners Side 2 Junket Landscape 0.3166 Mariners Side 126 Mooring Buoy Wooded 0.3557 Mariners Side 46 Mooring Buoy Landscape 0.3459 Mariners Side 38 Sea Lane Lagoon/Canal 0.5281 Inverness Side 6 Strath Court Lagoon/Canal 0.2634 Inverness Side 1 Promontory Court Golf 0.5921 Mariners Side 86 Port Tack Lagoon/Canal, Lake 0.542 Inverness Side 16 Cartgate Drive Wooded 0.2783 Inverness Side 17 Heath Drive Wooded 0.2784 Mariners Side 6 Brigantine Landscape 0.3454 Mariners Side 5 Cat Boat Wooded 0.3915 Mariners Side 3 Port Tack Lagoon/Canal 0.51 Mariners Side 107 Mooring Buoy Wooded 0.5129 Mariners Side 79 Mooring Buoy Wooded 0.5126 Mariners Side 20 Starboard Tack Lagoon/Canal 0.4921 Mariners Side 5 Rum Row Golf 0.4585 Mariners Side 13 Full Sweep Lake 0.4277 Mariners Side 40 Swing About Golf, Landscape 0.5036 Mariners Side 48 Off Shore Golf 0.4568
STATUS SUB-AREA Active Active Active Active Active Active Active Active Active Active Active Active Active Active Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold
ADDRESS
VIEW
Definitions for Listings
LIST PRICE CLOSE PRICE $3,769,000 $2,999,000 $2,890,000 $1,299,000 $950,000 $770,000 $745,000 $690,000 $599,000 $450,000 $275,000 $254,000 $249,900 $249,900 $807,000 $790,000 $550,000 $544,800 $540,000 $332,000 $270,000 $250,000 $225,000 $185,000
Active - On the Market Pending - Under Contract Sold - Closed Between July 1, 2017 and September, 2017
----------------------------$807,000 $790,000 $550,000 $544,800 $540,000 $332,000 $270,000 $250,000 $225,000 $185,000
2017 Sales at an All-Time High Best First Three Quarters for Home Sales Ever
KEY TRENDS
Source: Multiple Listing Service of Hilton Head Island, Inc.
Homes Sold Each First Three Quarters, 2005-2017 Hilton Head Island/Bluffton
2594
2017
2302
2080
1732
1551
1377
1112
1482
1249
1572
20
1000
20
1500
20
2000
20
2500
2517
3000
500 0 17
16
15
20
14
13
12
20
11
20
------------------------------------------------------------------------------------------------------------------------------------------$4,235,000 $3,850,000 $3,500,000 $2,750,000 $2,050,000 $1,845,000 $1,770,000 $1,680,000 $1,600,000 $1,585,000 $1,550,000 $1,250,000 $1,225,000 $970,000 $970,000 $930,000 $922,000 $885,000 $850,000 $875,000 $810,000 $735,000 $727,500 $680,000 $675,000 $680,000 $660,000 $610,000 $605,000 $440,000 $425,000 $399,000 $376,000
10
CLOSE PRICE
$6,950,000 $4,695,000 $4,595,000 $4,299,000 $4,150,000 $3,799,000 $3,695,000 $3,388,000 $3,250,000 $2,795,000 $1,999,000 $1,895,000 $1,895,000 $1,695,000 $1,675,000 $1,439,000 $1,399,000 $1,395,000 $1,395,000 $1,395,000 $1,349,000 $1,325,000 $1,295,000 $1,295,000 $1,275,000 $1,225,000 $1,195,000 $1,190,000 $1,175,000 $1,129,000 $1,100,000 $1,050,000 $995,000 $995,000 $899,900 $899,900 $899,000 $895,000 $799,900 $799,000 $792,000 $789,000 $769,000 $745,000 $745,000 $739,000 $735,000 $735,000 $730,000 $729,000 $727,900 $699,000 $689,000 $659,000 $649,000 $639,000 $629,900 $629,000 $629,000 $614,900 $559,900 $559,000 $559,000 $500,000 $499,900 $3,100,000 $989,500 $869,000 $629,000 $4,500,000 $3,995,000 $3,895,000 $2,995,000 $2,250,000 $1,995,000 $1,995,000 $1,795,000 $1,695,000 $1,650,000 $1,639,000 $1,399,000 $1,199,900 $1,075,000 $995,000 $995,000 $954,900 $905,000 $899,500 $899,000 $832,900 $775,000 $749,000 $714,000 $699,000 $699,000 $679,000 $665,000 $649,000 $489,000 $429,000 $399,000 $399,000
20
LIST PRICE
09
1978 1981 1999 2004 1994 1989 1992 1994 1987 2016 1984 1979 1980 1992 1992 1990 1981 1984 1984 1981 1988 1982 1983 1974 1994 2001 1989 1987 1979 1979 1973 1972 2003 1999 2003 2005 2000 1975 1994 1970 2002 1995 1999 1981 1995 1978 1974 1981 1987 1983 1980 1983 1984 1989 1987 1989 1973 1982 1994 1985 1980 1982 1995 1986 1986 1971 1981 1982 1976 2016 2002 1995 1980 2005 2016 1990 2001 1993 1998 2013 1998 2006 1992 1999 1976 1979 1989 1979 1979 2000 1994 1998 1988 1990 1983 1974 1998 2000 1985 1982 1986 1973
20
1 1 0 3 2 1 0 1 1 1 1 2 2 1 1 1 1 1 1 0 1 1 1 1 0 1 0 2 0 0 0 1 1 0 1 0 2 0 0 0 0 0 1 0 0 0 0 0 0 1 1 0 1 0 0 0 0 1 1 1 0 0 0 1 1 1 0 0 0 2 1 1 2 2 1 2 2 1 1 1 1 1 1 0 1 0 1 0 0 0 1 1 1 1 0 1 1 0 0 0 1 2
08
10 5 6 5 5 6 5 5 4 6 6 5 6 5 6 4 6 3 4 5 4 3 4 5 5 4 5 7 3 3 3 3 3 5 4 4 4 4 4 4 4 3 3 5 3 3 4 4 4 4 2 3 2 3 4 3 3 3 2 2 2 2 3 3 2 4 3 4 2 5 6 5 6 5 4 4 6 5 6 4 6 6 4 3 3 4 4 4 3 4 3 4 4 2 3 3 4 2 3 2 3 3
APPROX. SQ. FOOTAGE 9,514 5,600 4,633 5,500 4,956 4,560 4,916 3,700 3,842 4,431 5,112 3,680 4,561 4,591 4,022 3,292 3,487 2,680 3,038 3,966 5,087 3,173 2,710 5,802 3,005 3,308 4,012 4,604 2,477 2,385 2,132 3,239 3,263 3,870 3,411 3,163 3,968 2,100 2,542 2,648 2,785 2,438 2,538 2,846 3,040 2,100 3,840 2,500 2,244 3,435 2,536 2,430 2,237 2,592 2,843 2,452 2,176 2,512 2,873 2,330 2,034 1,958 1,956 2,240 1,818 5,342 2,505 2,506 1,820 4,638 5,885 4,992 5,335 7,056 4,144 4,844 4,976 5,701 4,320 3,624 5,158 5,179 3,236 2,818 2,768 2,361 3,409 2,600 2,515 3,000 2,842 2,749 3,160 2,521 2,407 2,497 2,894 2,111 2,330 1,958 2,240 3,648
20
YEAR BUILT
07
Lagoon/Canal, Pool Landscape Golf, Pool Lagoon/Canal Pool, Wooded Landscape, Pool Landscape Golf Lagoon/Canal Golf, Pool Lagoon/Canal Lagoon/Canal, River Golf, Lagoon/Canal Lagoon/Canal Lagoon/Canal Golf, Lagoon/Canal Lake Lake Lake, Wooded Lagoon/Canal Pool, Wooded Landscape, Wooded Lake, Pool Golf, Pool Wooded Lake Golf Ocean Pool, Wooded Golf, Lagoon/Canal Golf Ocean Ocean Ocean Ocean Golf, Pool Lagoon/Canal, Pool Ocean, Wooded Ocean Ocean, Wooded Ocean, Pool Landscape Lagoon/Canal Golf, Lagoon/Canal Golf Lagoon/Canal, Pool Lagoon/Canal Landscape, Pool Lagoon/Canal Landscape Golf, Lagoon/Canal Lagoon/Canal, Pool Lagoon/Canal Landscape, Pool Lake, Pool Lagoon/Canal Golf Lake Landscape, Pool Golf, Pool Landscape, Wooded Golf Lake Lagoon/Canal, Pool
HALF BATHS
2051
Ocean, Tennis Court Ocean Ocean Ocean Ocean Ocean Ocean Ocean Ocean Landscape, Wooded Ocean Landscape, Pool Golf, Lagoon/Canal Wooded Ocean Landscape, Pool Golf, Pool Lagoon/Canal Landscape Landscape Lagoon/Canal, Pool Golf, Lagoon/Canal Landscape, Wooded Golf, Lagoon/Canal Wooded Lagoon/Canal Landscape, Pool Lagoon/Canal Wooded Lagoon/Canal, River Pool, Wooded Golf Golf, Lagoon/Canal Landscape, Pool Lagoon/Canal, Lake Lagoon/Canal Landscape, Pool
FULL BATHS
20
8 & 6 & 4 Galleon 12 Brigantine 9 Highrigger 9 Catboat 9 Junket 11 Dinghy 17 Armada 8 Night Harbour 19 Armada 6 Armada 5 Junket 164 Mooring Buoy 176 Mooring Buoy 3 Junket 4 Ketch 6 Flotilla 1 Night Harbour 44 Sea Lane 1 Eastwind 3 Flotilla 48 Sea Lane 14 Port Tack 6 Dinghy 29 Port Tack 2 Lee Shore 10 Strath Court 4 Catboat 9 High Water 1 Armada Street 4 Full Sweep 144 Mooring Buoy 19 Port Tack 7 Slack Tide 5 Hunt Club Court 39 Full Sweep 36 Starboard Tack 4 Ginger Beer Court 142 Mooring Buoy 8 Cottage Court 122 Mooring Buoy 58 Full Sweep 81 Port Tack 14 Promontory Court 1 Cockle Court 6 Cottage Court 29 Rum Row 40 Starboard Tack 22 Heath Drive 10 Hunt Club Court 11 Saint George Road 10 Full Sweep 37 Swing About 75 Port Tack 55 Sea Lane 35 Full Sweep 6 Topside 3 Up Wind 12 Sea Lane 22 Promontory Court 12 Promontory Court 21 Full Sweep 56 Full Sweep 19 Cartgate Drive 56 Port Tack 32 Off Shore 11 Catboat 136 Mooring Buoy 15 Promontory Court 8 Saint George Road 12 Armada Street 8 Flotilla 10 Highrigger 9 Iron Clad 11 Sea Lane 159 Mooring Buoy 162 Mooring Buoy 4 Brigantine 3 Galleon 6 Iron Clad 54 Mooring Buoy 179 Mooring Buoy 3 Lookout 5 Burns Court 46 Haul Away 34 Sea Lane 42 Mooring Buoy 50 Haul Away 44 Mooring Buoy 18 Full Sweep 75 Off Shore 5 Cockle Court 6 Flagg Road 3 Full Sweep 5 Off Shore 7 Ginger Beer Court 53 Full Sweep 3 Burns Court 8 Swing About 12 Promontory Court 56 Full Sweep 56 Port Tack 84 Port Tack
TOTAL BEDROOMS 10 6 5 5 5 6 5 5 4 6 6 5 5 5 6 5 6 4 5 5 6 4 4 6 5 5 5 7 3 4 3 4 4 5 4 5 5 3 5 4 4 3 3 6 4 3 4 4 4 4 4 4 3 3 4 3 3 4 3 3 3 3 3 3 3 4 3 4 3 5 6 5 6 5 5 5 6 5 6 5 7 7 4 4 5 4 4 5 3 4 3 4 4 3 3 4 5 3 3 3 3 4
06
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ADDRESS
05
SUB-AREA
20
STATUS
Palmetto Dunes Lot Listings
Number of Homes Sold
Palmetto Dunes Home Listings
Home sales in the Hilton Head Island-Bluffton area in the first three quarters of 2017 were the best ever according to historical MLS records. As depicted in the chart, 2,594 homes sold in the first three quarters of 2017 far surpassing the pre-recession peak year of 2005. We are not aware of any markets in the US that have experienced a record-setting first three quarters.
P P R R O I V C E E M E N
T
THE STATE
IM
of the Palmetto Dunes Real Estate Market
October 2017 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 2 and 3 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. nd
rd
The First Nine Months of 2017 in Review
Palmetto Dunes’ first nine months of 2017 sales are consistent with 2016 sales: 31 homes closed this year compared to 32 homes last year. The first nine months’ total dollar volume of homes sold in 2017 was $39,294,500 up from $35,585,875 in 2016. Supply and demand: there are currently 65 homes listed for sale with an average of 3.44 homes selling per month over the past nine months. That translates into an 18.87-month supply, considered by industry experts to be a buyer’s market. As of October 15, 2017, there were four homes pending/under contract. In the lot realm, ten lots closed this year compared to only four sales in the first nine months of 2016. Additionally, there are 14 lots marketed for sale. How’s the Hilton Head Island - Bluffton Real Estate Market? The Hilton Head Island-Bluffton housing market continues to be on fire, setting the all-time record for the first three quarters of any year in the history of our area, according to statistics from the Hilton Head Island-Bluffton Area Multiple Listing Service. In the boom years prior to The Great Recession, home sales in 2005 set a new first three quarters’ record of 2,051 homes sold. In the first three quarters of 2017 though, 2,594 homes were sold, a dramatic 26% difference. In other positive news, home values in just the first nine months of 2017 were up 1.9% 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 in our area. All MLS Palmetto Dunes, Detached
Historical Median Sales Price Rolling 12-Month Calculation
47 Ocean Lane # 5108, Palmetto Dunes (Hampton Place Villas)
3 Bedrooms | 3 Bathrooms | 1,971 Htd. SqFt | Ocean View | $1,275,000
Direct Oceanfront Views Await You! This beautiful 1st-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.
Inventory of Homes For Sale COMMUNITY SPECIALIST
The Clarke Team is your Palmetto Dunes 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.
Number of Closed Home Sales
100
40
80
32
60
24
40
16
20
8
Total Value of Homes Closed $40,000,000 $35,000,000 $30,000,000 $25,000,000 $20,000,000
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 ©2017 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
Hilton Head Is., SC
56
0
On 09/30/16
65
On 09/30/17
$15,000,000 $10,000,000 32
0
1st Nine Months of 2016
31
1st Nine Months of 2017
$5,000,000 0
$35,585,875
$39,294,500
1st Nine Months of 2016
1st Nine Months of 2017
This information is based on data provided by Multiple Listing Service of Hilton Head Island, Inc. (“HHIMLS”) for the period January 2017 through October 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.