THE STATE
N T
Our Portfolio of Fine Homes in Palmetto Dunes R PR O I V C E E M E
of the Palmetto Dunes Villas Real Estate Market
IM
P
August 2018
KEY METRICS
22 Arthur Hills Court, Leamington
4 Bedrooms | 3.5 Bathrooms | 3,500 Htd. SqFt | Lagoon/Golf View | $850,000
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.
First Seven Months of 2018 in Review
Palmetto Dunes Villas’ first seven months of 2018 sales are significantly up from last year: 67 villas closed this year, up from the 57 which closed last year. The first seven months total dollar volume of villas sold in 2018 was $24,934,200 up from $21,453,650 in 2017. Supply and demand: As of July 31st, 2018, there are 50 villas listed for sale with an average of 11.17 villas selling per month over the last seven months. That translates into a 4.48-month supply, considered by industry experts to be a seller’s market. As of July 31, 2018, there were 11 villas pending/under contract.
67
$338,500
96.53%
48
Total Sales
Median Price
Sale to List Price
Median Days on Market
Hilton Head Island Real Estate Market Overview
47 Ocean Lane # 5108, Leamington (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.
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.
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
Hilton Head Is., SC
ACTIVE LISTINGS ON HILTON HEAD ISLAND
604 How’s the Hilton Head Island Real Estate Market Doing?
YTD Hilton Head Island Home Sales YTD Through July 31 for Each Year
Year
Number of Homes Sold
Median Price
2013
470
$489,000
2014
472
$488,000
2015
519
$530,000
2016
508
$524,000
2017
539
$530,000
2018
634
$548,000
In 2018 the Hilton Head Island housing market enjoyed its best first seven months in 13 years, according to statistics from the Hilton Head Area Multiple Listing Service. As you can see from the chart to the left, first seven months home sales in 2018 are up to 634, a rather significant 18% increase from 2017. Additionally, home prices are up 3.4% from 2017 and at their highest price in nine years. The median price of homes selling in the US is at its highest ever. With increasing demand and today’s historically low interest rates, it is an exceptional time to invest in 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 2018 through August 7, 2018. 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.
Palmetto Dunes Villa Listings STATUS VILLA COMPLEX 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 Pending Pending Pending 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
Captains Cove Villas Captains Walk Villas Captains Walk Villas Captains Walk Villas Captains Walk Villas Centrecourt Villas Fazio Villas Fazio Villas Huntington Villas Inverness Village Inverness Village Inverness Village Inverness Village Inverness Village Inverness Village Inverness Village Inverness Village St Andrews Common St Andrews Common Turnberry Village Turnberry Village Turnberry Village Turnberry Village Villamare Villas Villamare Villas Villamare Villas Villamare Villas Villamare Villas Villamare Villas Villamare Villas Villamare Villas Villamare Villas Villamare Villas Villamare Villas Villamare Villas Villamare Villas Villamare Villas Villamare Villas Villamare Villas Villamare Villas Hickory Cove Villas Hickory Cove Villas Ocean Cove Villas Queens Grant Villas Queens Grant Villas Queens Grant Villas Queens Grant Villas Queens Grant Villas Water Oak Villas Water Oak Villas Captains Walk Villas Inverness Village St Andrews Common St Andrews Common Turnberry Village Villamare Villas Villamare Villas Hickory Cove Villas Hickory Cove Villas Queens Grant Villas Queens Grant Villas Captains Walk Villas Captains Walk Villas Captains Walk Villas Captains Walk Villas Captains Walk Villas Captains Walk Villas Centrecourt Villas Centrecourt Villas Fazio Villas Fazio Villas Fazio Villas Huntington Villas Huntington Villas Huntington Villas Huntington Villas Huntington Villas Inverness Village St Andrews Common St Andrews Common St Andrews Common St Andrews Common St Andrews Common St Andrews Common St Andrews Common St Andrews Common St Andrews Common St Andrews Common St Andrews Common St Andrews Common
ADDRESS
VIEW
20 Ocean Lane Unit #490 21 Ocean Lane Unit #411 21 Ocean Lane Unit #428 21 Ocean Lane Unit #450 21 Ocean Lane Unit #425 20 Carnoustie Road Unit #7804 25 Carnoustie Road Unit #29 25 Carnoustie Road Unit #28 76 Ocean Lane Unit #7636 60 Carnoustie Road Unit #942 60 Carnoustie Road Unit #984 60 Carnoustie Road Unit #934 60 Carnoustie Road Unit #947 60 Carnoustie Road Unit #978 60 Carnoustie Road Unit #983 60 Carnoustie Road Unit #985 60 Carnoustie Road Unit #938 20 Queens Folly Road Unit #1971 20 Queens Folly Road Unit #1767 59 Carnoustie Road Unit #295 59 Carnoustie Road Unit #245 59 Carnoustie Road Unit #243 59 Carnoustie Road Unit #279 1 Ocean Lane Unit #2518 1 Ocean Lane Unit #2214 1 Ocean Lane Unit #2516 1 Ocean Lane Unit #2219 1 Ocean Lane Unit #3429 1 Ocean Lane Unit #3232 1 Ocean Lane Unit #3428 1 Ocean Lane Unit #3230 1 Ocean Lane Unit #3330 1 Ocean Lane Unit #1103 1 Ocean Lane Unit #3420 1 Ocean Lane Unit #1503 1 Ocean Lane Unit #1404 1 Ocean Lane Unit #1405 1 Ocean Lane Unit #1308 1 Ocean Lane Unit #3425 1 Ocean Lane Unit #1402 5 Haul Away Unit #6 5 Haul Away Unit #38 25 Mooring Buoy Unit #806 45 Queens Folly Road Unit #666 45 Queens Folly Road Unit #584 45 Queens Folly Road Unit #592 45 Queens Folly Road Unit #680 45 Queens Folly Road Unit #536 21 Haul Away Unit #17 21 Haul Away Unit #38 21 Ocean Lane Unit #459 60 Carnoustie Road Unit #914 20 Queens Folly Road Unit #1770 20 Queens Folly Road Unit #1967 59 Carnoustie Road Unit #215 1 Ocean Lane Unit #3129 1 Ocean Lane Unit #1105 5 Haul Away Unit #30 5 Haul Away Unit #7 45 Queens Folly Road Unit #655 45 Queens Folly Road Unit #556 21 Ocean Lane Unit #442 21 Ocean Lane Unit #420 21 Ocean Lane Unit #418 21 Ocean Lane Unit #457 21 Ocean Lane Unit #462 21 Ocean Lane Unit #474 20 Carnoustie Road Unit #7818 20 Carnoustie Road Unit #7822 35 Carnoustie Road Unit #51 25 Carnoustie Road Unit #35 15 Carnoustie Road Unit #12 72 Ocean Lane Unit #7626 74 Ocean Lane Unit #7648 76 Ocean Lane Unit #7635 74 Ocean Lane Unit #7644 72 Ocean Lane Unit #7650 60 Carnoustie Road Unit #967 20 Queens Folly Road Unit #1661 20 Queens Folly Road Unit #1680 20 Queens Folly Road Unit #1651 20 Queens Folly Road Unit #1863 20 Queens Folly Road Unit #1857 20 Queens Folly Road Unit #1781 20 Queens Folly Road Unit #1956 20 Queens Folly Road Unit #1861 20 Queens Folly Road Unit #1759 20 Queens Folly Road Unit #1866 20 Queens Folly Road Unit #1765 20 Queens Folly Road Unit #1870
Lagoon Ocean Ocean Ocean Ocean Lagoon Golf Golf Lagoon, River Golf Golf, Lagoon Golf Golf Lagoon, River Golf, Lagoon Golf, Lagoon Golf Golf, Lagoon Landscape Golf Landscape Pool Golf Ocean Lagoon, Lake Ocean Lagoon Ocean Ocean Ocean Ocean Ocean Ocean Ocean, Pool Ocean, Pool Ocean, Pool Ocean Ocean Ocean, Pool Ocean Lagoon Pool Lagoon Landscape Landscape Landscape Landscape Landscape Golf Pool Ocean Lagoon Golf Landscape Golf, Lagoon Landscape Ocean Golf Lagoon Landscape Landscape Ocean Ocean Ocean Ocean Ocean Ocean Lagoon Lagoon Pool Lagoon Golf Lagoon Lagoon Lagoon, River Lagoon Lagoon, River Golf Wooded Golf Landscape Pool Landscape Landscape Golf, Lagoon Landscape Landscape Landscape Golf, Lagoon Golf, Lagoon
TOTAL YEAR APPROX. FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS BUILT SQ. FOOTAGE 2 2 0 1980 1,400 $495,000 --2 2 0 1980 1,367 $599,000 --2 2 0 1980 1,367 $699,900 --2 2 0 1980 1,367 $789,000 --2 2 0 1980 1,367 $895,000 --2 2 0 1989 1,199 $359,000 --3 2 1 1980 1,836 $429,000 --3 3 0 1980 2,008 $459,000 --4 4 0 1991 2,152 $809,000 --2 2 0 1976 1,228 $329,000 --2 2 0 1976 1,228 $349,000 --2 2 0 1976 1,450 $359,000 --2 2 0 1976 1,228 $369,000 --2 2 0 1976 1,450 $369,000 --2 2 0 1976 1,228 $379,000 --2 2 0 1976 1,228 $379,000 --2 2 0 1976 1,228 $380,000 --1 1 1 1981 902 $235,000 --2 2 0 1981 1,342 $325,000 --2 2 0 1981 1,351 $399,000 --3 3 0 1981 1,576 $409,000 --2 2 0 1981 1,473 $425,000 --3 3 0 1981 1,576 $449,000 --2 2 0 1986 1,232 $489,000 --2 2 0 1986 1,232 $524,000 --2 2 0 1986 1,232 $525,000 --2 2 0 1986 1,232 $530,000 --2 2 0 1986 1,232 $530,000 --2 2 0 1986 1,232 $539,000 --2 2 0 1986 1,232 $540,000 --2 2 0 1986 1,232 $549,000 --2 2 0 1986 1,232 $559,000 --2 2 0 1986 1,232 $575,000 --2 2 0 1986 1,232 $575,000 --2 2 0 1986 1,232 $599,000 --2 2 0 1986 1,232 $599,900 --2 2 0 1986 1,232 $725,000 --2 2 0 1986 1,232 $750,000 --2 2 0 1986 1,232 $779,000 --2 2 0 1986 1,232 $799,000 --2 3 0 1972 1,270 $429,000 --3 4 0 1972 1,570 $499,000 --3 3 0 1975 1,665 $595,000 --2 2 0 1974 1,043 $239,800 --2 2 0 1974 1,447 $345,000 --2 2 0 1974 1,447 $359,000 --3 2 1 1974 1,988 $399,000 --3 3 0 1974 1,828 $450,000 --2 3 0 1971 1,270 $339,000 --3 4 0 1971 1,570 $389,000 --2 2 0 1980 1,367 $649,000 --2 2 0 1976 1,450 $369,000 --1 1 1 1981 902 $215,000 --1 1 1 1981 902 $226,900 --2 2 0 1981 1,473 $425,000 --2 2 0 1986 1,232 $599,000 --2 2 0 1986 1,232 $679,000 --3 4 0 1972 1,570 $389,000 --3 4 0 1972 1,654 $529,000 --2 1 0 1974 1,043 $220,000 --2 2 0 1974 1,447 $364,900 --2 2 0 1980 1,367 $675,000 $650,000 2 2 0 1980 1,367 $689,000 $665,000 3 3 0 1980 1,762 $725,000 $707,000 3 3 0 1980 1,762 $785,000 $760,000 3 3 0 1980 1,762 $828,888 $790,000 3 3 0 1980 1,762 $849,000 $849,000 2 2 0 1989 1,199 $369,000 $354,000 2 2 0 1989 1,199 $365,000 $357,500 2 2 1 1979 1,636 $359,000 $343,000 3 2 1 1980 1,636 $409,000 $402,000 3 3 0 1978 1,888 $510,000 $500,000 0 1991 1,406 $479,000 $450,000 2 2 2 2 0 1991 1,406 $499,000 $474,000 3 3 1 1991 1,511 $649,000 $620,000 3 3 1 1991 1,511 $649,000 $635,000 3 3 1 1991 1,511 $749,000 $715,000 2 2 0 1976 1,450 $325,000 $270,000 2 2 0 1981 1,177 $215,000 $205,000 2 2 0 1981 1,177 $219,500 $205,000 1 1 1 1981 902 $224,000 $212,000 2 2 0 1981 1,177 $249,000 $219,800 1 1 1 1981 902 $227,000 $220,000 2 2 0 1981 1,177 $225,000 $220,000 1 1 1 1981 902 $229,900 $223,000 2 2 0 1981 1,177 $245,000 $235,000 2 2 0 1981 1,177 $249,900 $245,000 2 2 0 1981 1,177 $269,900 $265,000 2 2 0 1981 1,342 $359,000 $359,000 2 2 0 1981 1,342 $379,000 $360,000
TOTAL YEAR APPROX. FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS BUILT SQ. FOOTAGE St Andrews Common 20 Queens Folly Road Unit #1982 Wooded 2 2 0 1981 1,342 $369,000 $360,000 The Moorings Villas 10 Mooring Buoy Road Unit #95 Landscape 2 3 0 1979 1,260 $379,000 $360,000 Turnberry Village 59 Carnoustie Road Unit #229 Golf 2 2 0 1981 1,351 $299,000 $278,500 Turnberry Village 59 Carnoustie Road Unit #240 Golf 2 2 0 1981 1,351 $339,000 $318,000 Turnberry Village 59 Carnoustie Road Unit #266 Golf 2 2 0 1981 1,351 $339,000 $335,000 Turnberry Village 59 Carnoustie Road Unit #252 Pool 3 3 0 1981 1,576 $359,500 $336,000 Turnberry Village 59 Carnoustie Road Unit #210 Golf, Lagoon 2 2 0 1981 1,473 $379,500 $360,000 Turnberry Village 59 Carnoustie Road Unit #223 Golf 2 2 0 1981 1,473 $449,000 $449,000 Villamare Villas 1 Ocean Lane Unit #2115 Lagoon, Ocean 2 2 0 1986 1,232 $539,500 $529,500 Villamare Villas 1 Ocean Lane Unit #1501 Ocean 2 2 0 1986 1,232 $792,000 $762,000 Hickory Cove Villas 5 Haul Away Unit #2 Lagoon 3 4 0 1972 1,654 $499,000 $495,000 Queens Grant Villas 45 Queens Folly Road Unit #794 Landscape 2 1 0 1974 1,024 $228,000 $213,500 Queens Grant Villas 45 Queens Folly Road Unit #558 Landscape 2 1 0 1974 1,024 $219,000 $215,000 Queens Grant Villas 45 Queens Folly Road Unit #686 Landscape 2 1 0 1974 1,043 $225,000 $225,000 Queens Grant Villas 45 Queens Folly Road Unit #649 Golf, Pool 2 2 0 1974 1,459 $229,000 $226,000 Queens Grant Villas 45 Queens Folly Road Unit #746 Landscape 2 2 0 1974 1,447 $265,000 $227,500 Queens Grant Villas 45 Queens Folly Road Unit #736 Landscape 2 1 0 1974 1,024 $234,900 $232,000 Queens Grant Villas 45 Queens Folly Road Unit #732 Landscape 2 1 0 1974 1,024 $238,000 $236,500 Queens Grant Villas 45 Queens Folly Road Unit #630 Landscape 2 2 0 1974 1,447 $249,000 $245,000 Queens Grant Villas 45 Queens Folly Road Unit #689 Landscape 2 2 0 1974 1,043 $259,000 $245,000 Queens Grant Villas 45 Queens Folly Road Unit #520 Landscape 2 2 0 1974 1,024 $259,000 $250,000 Queens Grant Villas 45 Queens Folly Road Unit #632 Landscape 2 2 0 1974 1,043 $253,900 $252,900 Queens Grant Villas 45 Queens Folly Road Unit #619 Wooded 2 2 0 1974 1,447 $279,000 $259,500 Queens Grant Villas 45 Queens Folly Road Unit #508 Landscape 2 2 0 1974 1,043 $269,900 $260,000 Queens Grant Villas 45 Queens Folly Road Unit #511 Landscape 2 2 0 1974 1,447 $299,900 $275,000 Queens Grant Villas 45 Queens Folly Road Unit #588 Landscape 3 2 1 1974 1,988 $310,000 $295,000 Queens Grant Villas 45 Queens Folly Road Unit #773 Lagoon 2 2 0 1974 1,447 $309,900 $296,000 Queens Grant Villas 45 Queens Folly Road Unit #536 Landscape 3 3 0 1974 1,828 $320,000 $305,000 Queens Grant Villas 45 Queens Folly Road Unit #625 Golf 2 2 0 1974 1,447 $349,900 $338,500 Queens Grant Villas 45 Queens Folly Road Unit #675 Landscape 3 2 1 1974 1,988 $364,000 $340,000 Queens Grant Villas 45 Queens Folly Road Unit #649 Golf 2 2 0 1974 1,459 $350,000 $344,000 Queens Grant Villas 45 Queens Folly Road Unit #604 Landscape 3 2 1 1974 1,988 $345,000 $345,000 Queens Grant Villas 45 Queens Folly Road Unit #719 Landscape 2 2 0 1974 1,447 $345,000 $345,000 Queens Grant Villas 45 Queens Folly Road Unit #729 Golf 3 2 1 1974 1,774 $400,000 $392,000 Queens Grant Villas 45 Queens Folly Road Unit #622 Golf 3 3 0 1974 1,828 $410,000 $400,000 Queens Grant Villas 45 Queens Folly Road Unit #776 Golf, Lagoon 3 3 0 1974 1,800 $419,000 $403,500 21 Haul Away Unit #14 Golf 2 3 0 1971 1,270 $334,900 $329,000 Water Oak Villas Water Oak Villas 21 Haul Away Unit #4 Golf 2 3 0 1971 1,270 $335,000 $345,000
STATUS VILLA COMPLEX 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 Sold Sold Sold
ADDRESS
VIEW
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between April 1, 2018 and July 31, 2018
KEY TRENDS
Americans Rank Real Estate as the Best Investment for Five Years Running!
Source: Gallup via Keeping Current Matters, August 2018
35%
34%
34% Real Estate
30% 26% STOCKS
25% 20%
19% 17%
17% GOLD
15%
26% STOCK MARKET 17% GOLD
15% SAVINGS 14%
10%
34% REAL ESTATE
2011
2012
2013
2014
2015
2016
2017
2018
15% SAVINGS ACCOUNT
Real estate has come a long way since 2011, when 34% of Americans favored gold as the best investment. Of the four listed above real estate is the only investment you can live in. Generations also agree that real estate is the best investment! Millenials - 29% | Generation X - 37% | Baby Boomers - 34%
Palmetto Dunes Villa Listings STATUS VILLA COMPLEX 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 Pending Pending Pending 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
Captains Cove Villas Captains Walk Villas Captains Walk Villas Captains Walk Villas Captains Walk Villas Centrecourt Villas Fazio Villas Fazio Villas Huntington Villas Inverness Village Inverness Village Inverness Village Inverness Village Inverness Village Inverness Village Inverness Village Inverness Village St Andrews Common St Andrews Common Turnberry Village Turnberry Village Turnberry Village Turnberry Village Villamare Villas Villamare Villas Villamare Villas Villamare Villas Villamare Villas Villamare Villas Villamare Villas Villamare Villas Villamare Villas Villamare Villas Villamare Villas Villamare Villas Villamare Villas Villamare Villas Villamare Villas Villamare Villas Villamare Villas Hickory Cove Villas Hickory Cove Villas Ocean Cove Villas Queens Grant Villas Queens Grant Villas Queens Grant Villas Queens Grant Villas Queens Grant Villas Water Oak Villas Water Oak Villas Captains Walk Villas Inverness Village St Andrews Common St Andrews Common Turnberry Village Villamare Villas Villamare Villas Hickory Cove Villas Hickory Cove Villas Queens Grant Villas Queens Grant Villas Captains Walk Villas Captains Walk Villas Captains Walk Villas Captains Walk Villas Captains Walk Villas Captains Walk Villas Centrecourt Villas Centrecourt Villas Fazio Villas Fazio Villas Fazio Villas Huntington Villas Huntington Villas Huntington Villas Huntington Villas Huntington Villas Inverness Village St Andrews Common St Andrews Common St Andrews Common St Andrews Common St Andrews Common St Andrews Common St Andrews Common St Andrews Common St Andrews Common St Andrews Common St Andrews Common St Andrews Common
ADDRESS
VIEW
20 Ocean Lane Unit #490 21 Ocean Lane Unit #411 21 Ocean Lane Unit #428 21 Ocean Lane Unit #450 21 Ocean Lane Unit #425 20 Carnoustie Road Unit #7804 25 Carnoustie Road Unit #29 25 Carnoustie Road Unit #28 76 Ocean Lane Unit #7636 60 Carnoustie Road Unit #942 60 Carnoustie Road Unit #984 60 Carnoustie Road Unit #934 60 Carnoustie Road Unit #947 60 Carnoustie Road Unit #978 60 Carnoustie Road Unit #983 60 Carnoustie Road Unit #985 60 Carnoustie Road Unit #938 20 Queens Folly Road Unit #1971 20 Queens Folly Road Unit #1767 59 Carnoustie Road Unit #295 59 Carnoustie Road Unit #245 59 Carnoustie Road Unit #243 59 Carnoustie Road Unit #279 1 Ocean Lane Unit #2518 1 Ocean Lane Unit #2214 1 Ocean Lane Unit #2516 1 Ocean Lane Unit #2219 1 Ocean Lane Unit #3429 1 Ocean Lane Unit #3232 1 Ocean Lane Unit #3428 1 Ocean Lane Unit #3230 1 Ocean Lane Unit #3330 1 Ocean Lane Unit #1103 1 Ocean Lane Unit #3420 1 Ocean Lane Unit #1503 1 Ocean Lane Unit #1404 1 Ocean Lane Unit #1405 1 Ocean Lane Unit #1308 1 Ocean Lane Unit #3425 1 Ocean Lane Unit #1402 5 Haul Away Unit #6 5 Haul Away Unit #38 25 Mooring Buoy Unit #806 45 Queens Folly Road Unit #666 45 Queens Folly Road Unit #584 45 Queens Folly Road Unit #592 45 Queens Folly Road Unit #680 45 Queens Folly Road Unit #536 21 Haul Away Unit #17 21 Haul Away Unit #38 21 Ocean Lane Unit #459 60 Carnoustie Road Unit #914 20 Queens Folly Road Unit #1770 20 Queens Folly Road Unit #1967 59 Carnoustie Road Unit #215 1 Ocean Lane Unit #3129 1 Ocean Lane Unit #1105 5 Haul Away Unit #30 5 Haul Away Unit #7 45 Queens Folly Road Unit #655 45 Queens Folly Road Unit #556 21 Ocean Lane Unit #442 21 Ocean Lane Unit #420 21 Ocean Lane Unit #418 21 Ocean Lane Unit #457 21 Ocean Lane Unit #462 21 Ocean Lane Unit #474 20 Carnoustie Road Unit #7818 20 Carnoustie Road Unit #7822 35 Carnoustie Road Unit #51 25 Carnoustie Road Unit #35 15 Carnoustie Road Unit #12 72 Ocean Lane Unit #7626 74 Ocean Lane Unit #7648 76 Ocean Lane Unit #7635 74 Ocean Lane Unit #7644 72 Ocean Lane Unit #7650 60 Carnoustie Road Unit #967 20 Queens Folly Road Unit #1661 20 Queens Folly Road Unit #1680 20 Queens Folly Road Unit #1651 20 Queens Folly Road Unit #1863 20 Queens Folly Road Unit #1857 20 Queens Folly Road Unit #1781 20 Queens Folly Road Unit #1956 20 Queens Folly Road Unit #1861 20 Queens Folly Road Unit #1759 20 Queens Folly Road Unit #1866 20 Queens Folly Road Unit #1765 20 Queens Folly Road Unit #1870
Lagoon Ocean Ocean Ocean Ocean Lagoon Golf Golf Lagoon, River Golf Golf, Lagoon Golf Golf Lagoon, River Golf, Lagoon Golf, Lagoon Golf Golf, Lagoon Landscape Golf Landscape Pool Golf Ocean Lagoon, Lake Ocean Lagoon Ocean Ocean Ocean Ocean Ocean Ocean Ocean, Pool Ocean, Pool Ocean, Pool Ocean Ocean Ocean, Pool Ocean Lagoon Pool Lagoon Landscape Landscape Landscape Landscape Landscape Golf Pool Ocean Lagoon Golf Landscape Golf, Lagoon Landscape Ocean Golf Lagoon Landscape Landscape Ocean Ocean Ocean Ocean Ocean Ocean Lagoon Lagoon Pool Lagoon Golf Lagoon Lagoon Lagoon, River Lagoon Lagoon, River Golf Wooded Golf Landscape Pool Landscape Landscape Golf, Lagoon Landscape Landscape Landscape Golf, Lagoon Golf, Lagoon
TOTAL YEAR APPROX. FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS BUILT SQ. FOOTAGE 2 2 0 1980 1,400 $495,000 --2 2 0 1980 1,367 $599,000 --2 2 0 1980 1,367 $699,900 --2 2 0 1980 1,367 $789,000 --2 2 0 1980 1,367 $895,000 --2 2 0 1989 1,199 $359,000 --3 2 1 1980 1,836 $429,000 --3 3 0 1980 2,008 $459,000 --4 4 0 1991 2,152 $809,000 --2 2 0 1976 1,228 $329,000 --2 2 0 1976 1,228 $349,000 --2 2 0 1976 1,450 $359,000 --2 2 0 1976 1,228 $369,000 --2 2 0 1976 1,450 $369,000 --2 2 0 1976 1,228 $379,000 --2 2 0 1976 1,228 $379,000 --2 2 0 1976 1,228 $380,000 --1 1 1 1981 902 $235,000 --2 2 0 1981 1,342 $325,000 --2 2 0 1981 1,351 $399,000 --3 3 0 1981 1,576 $409,000 --2 2 0 1981 1,473 $425,000 --3 3 0 1981 1,576 $449,000 --2 2 0 1986 1,232 $489,000 --2 2 0 1986 1,232 $524,000 --2 2 0 1986 1,232 $525,000 --2 2 0 1986 1,232 $530,000 --2 2 0 1986 1,232 $530,000 --2 2 0 1986 1,232 $539,000 --2 2 0 1986 1,232 $540,000 --2 2 0 1986 1,232 $549,000 --2 2 0 1986 1,232 $559,000 --2 2 0 1986 1,232 $575,000 --2 2 0 1986 1,232 $575,000 --2 2 0 1986 1,232 $599,000 --2 2 0 1986 1,232 $599,900 --2 2 0 1986 1,232 $725,000 --2 2 0 1986 1,232 $750,000 --2 2 0 1986 1,232 $779,000 --2 2 0 1986 1,232 $799,000 --2 3 0 1972 1,270 $429,000 --3 4 0 1972 1,570 $499,000 --3 3 0 1975 1,665 $595,000 --2 2 0 1974 1,043 $239,800 --2 2 0 1974 1,447 $345,000 --2 2 0 1974 1,447 $359,000 --3 2 1 1974 1,988 $399,000 --3 3 0 1974 1,828 $450,000 --2 3 0 1971 1,270 $339,000 --3 4 0 1971 1,570 $389,000 --2 2 0 1980 1,367 $649,000 --2 2 0 1976 1,450 $369,000 --1 1 1 1981 902 $215,000 --1 1 1 1981 902 $226,900 --2 2 0 1981 1,473 $425,000 --2 2 0 1986 1,232 $599,000 --2 2 0 1986 1,232 $679,000 --3 4 0 1972 1,570 $389,000 --3 4 0 1972 1,654 $529,000 --2 1 0 1974 1,043 $220,000 --2 2 0 1974 1,447 $364,900 --2 2 0 1980 1,367 $675,000 $650,000 2 2 0 1980 1,367 $689,000 $665,000 3 3 0 1980 1,762 $725,000 $707,000 3 3 0 1980 1,762 $785,000 $760,000 3 3 0 1980 1,762 $828,888 $790,000 3 3 0 1980 1,762 $849,000 $849,000 2 2 0 1989 1,199 $369,000 $354,000 2 2 0 1989 1,199 $365,000 $357,500 2 2 1 1979 1,636 $359,000 $343,000 3 2 1 1980 1,636 $409,000 $402,000 3 3 0 1978 1,888 $510,000 $500,000 0 1991 1,406 $479,000 $450,000 2 2 2 2 0 1991 1,406 $499,000 $474,000 3 3 1 1991 1,511 $649,000 $620,000 3 3 1 1991 1,511 $649,000 $635,000 3 3 1 1991 1,511 $749,000 $715,000 2 2 0 1976 1,450 $325,000 $270,000 2 2 0 1981 1,177 $215,000 $205,000 2 2 0 1981 1,177 $219,500 $205,000 1 1 1 1981 902 $224,000 $212,000 2 2 0 1981 1,177 $249,000 $219,800 1 1 1 1981 902 $227,000 $220,000 2 2 0 1981 1,177 $225,000 $220,000 1 1 1 1981 902 $229,900 $223,000 2 2 0 1981 1,177 $245,000 $235,000 2 2 0 1981 1,177 $249,900 $245,000 2 2 0 1981 1,177 $269,900 $265,000 2 2 0 1981 1,342 $359,000 $359,000 2 2 0 1981 1,342 $379,000 $360,000
TOTAL YEAR APPROX. FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS BUILT SQ. FOOTAGE St Andrews Common 20 Queens Folly Road Unit #1982 Wooded 2 2 0 1981 1,342 $369,000 $360,000 The Moorings Villas 10 Mooring Buoy Road Unit #95 Landscape 2 3 0 1979 1,260 $379,000 $360,000 Turnberry Village 59 Carnoustie Road Unit #229 Golf 2 2 0 1981 1,351 $299,000 $278,500 Turnberry Village 59 Carnoustie Road Unit #240 Golf 2 2 0 1981 1,351 $339,000 $318,000 Turnberry Village 59 Carnoustie Road Unit #266 Golf 2 2 0 1981 1,351 $339,000 $335,000 Turnberry Village 59 Carnoustie Road Unit #252 Pool 3 3 0 1981 1,576 $359,500 $336,000 Turnberry Village 59 Carnoustie Road Unit #210 Golf, Lagoon 2 2 0 1981 1,473 $379,500 $360,000 Turnberry Village 59 Carnoustie Road Unit #223 Golf 2 2 0 1981 1,473 $449,000 $449,000 Villamare Villas 1 Ocean Lane Unit #2115 Lagoon, Ocean 2 2 0 1986 1,232 $539,500 $529,500 Villamare Villas 1 Ocean Lane Unit #1501 Ocean 2 2 0 1986 1,232 $792,000 $762,000 Hickory Cove Villas 5 Haul Away Unit #2 Lagoon 3 4 0 1972 1,654 $499,000 $495,000 Queens Grant Villas 45 Queens Folly Road Unit #794 Landscape 2 1 0 1974 1,024 $228,000 $213,500 Queens Grant Villas 45 Queens Folly Road Unit #558 Landscape 2 1 0 1974 1,024 $219,000 $215,000 Queens Grant Villas 45 Queens Folly Road Unit #686 Landscape 2 1 0 1974 1,043 $225,000 $225,000 Queens Grant Villas 45 Queens Folly Road Unit #649 Golf, Pool 2 2 0 1974 1,459 $229,000 $226,000 Queens Grant Villas 45 Queens Folly Road Unit #746 Landscape 2 2 0 1974 1,447 $265,000 $227,500 Queens Grant Villas 45 Queens Folly Road Unit #736 Landscape 2 1 0 1974 1,024 $234,900 $232,000 Queens Grant Villas 45 Queens Folly Road Unit #732 Landscape 2 1 0 1974 1,024 $238,000 $236,500 Queens Grant Villas 45 Queens Folly Road Unit #630 Landscape 2 2 0 1974 1,447 $249,000 $245,000 Queens Grant Villas 45 Queens Folly Road Unit #689 Landscape 2 2 0 1974 1,043 $259,000 $245,000 Queens Grant Villas 45 Queens Folly Road Unit #520 Landscape 2 2 0 1974 1,024 $259,000 $250,000 Queens Grant Villas 45 Queens Folly Road Unit #632 Landscape 2 2 0 1974 1,043 $253,900 $252,900 Queens Grant Villas 45 Queens Folly Road Unit #619 Wooded 2 2 0 1974 1,447 $279,000 $259,500 Queens Grant Villas 45 Queens Folly Road Unit #508 Landscape 2 2 0 1974 1,043 $269,900 $260,000 Queens Grant Villas 45 Queens Folly Road Unit #511 Landscape 2 2 0 1974 1,447 $299,900 $275,000 Queens Grant Villas 45 Queens Folly Road Unit #588 Landscape 3 2 1 1974 1,988 $310,000 $295,000 Queens Grant Villas 45 Queens Folly Road Unit #773 Lagoon 2 2 0 1974 1,447 $309,900 $296,000 Queens Grant Villas 45 Queens Folly Road Unit #536 Landscape 3 3 0 1974 1,828 $320,000 $305,000 Queens Grant Villas 45 Queens Folly Road Unit #625 Golf 2 2 0 1974 1,447 $349,900 $338,500 Queens Grant Villas 45 Queens Folly Road Unit #675 Landscape 3 2 1 1974 1,988 $364,000 $340,000 Queens Grant Villas 45 Queens Folly Road Unit #649 Golf 2 2 0 1974 1,459 $350,000 $344,000 Queens Grant Villas 45 Queens Folly Road Unit #604 Landscape 3 2 1 1974 1,988 $345,000 $345,000 Queens Grant Villas 45 Queens Folly Road Unit #719 Landscape 2 2 0 1974 1,447 $345,000 $345,000 Queens Grant Villas 45 Queens Folly Road Unit #729 Golf 3 2 1 1974 1,774 $400,000 $392,000 Queens Grant Villas 45 Queens Folly Road Unit #622 Golf 3 3 0 1974 1,828 $410,000 $400,000 Queens Grant Villas 45 Queens Folly Road Unit #776 Golf, Lagoon 3 3 0 1974 1,800 $419,000 $403,500 21 Haul Away Unit #14 Golf 2 3 0 1971 1,270 $334,900 $329,000 Water Oak Villas Water Oak Villas 21 Haul Away Unit #4 Golf 2 3 0 1971 1,270 $335,000 $345,000
STATUS VILLA COMPLEX 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 Sold Sold Sold
ADDRESS
VIEW
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between April 1, 2018 and July 31, 2018
KEY TRENDS
Americans Rank Real Estate as the Best Investment for Five Years Running!
Source: Gallup via Keeping Current Matters, August 2018
35%
34%
34% Real Estate
30% 26% STOCKS
25% 20%
19% 17%
17% GOLD
15%
26% STOCK MARKET 17% GOLD
15% SAVINGS 14%
10%
34% REAL ESTATE
2011
2012
2013
2014
2015
2016
2017
2018
15% SAVINGS ACCOUNT
Real estate has come a long way since 2011, when 34% of Americans favored gold as the best investment. Of the four listed above real estate is the only investment you can live in. Generations also agree that real estate is the best investment! Millenials - 29% | Generation X - 37% | Baby Boomers - 34%
THE STATE
N T
Our Portfolio of Fine Homes in Palmetto Dunes R PR O I V C E E M E
of the Palmetto Dunes Villas Real Estate Market
IM
P
August 2018
KEY METRICS
22 Arthur Hills Court, Leamington
4 Bedrooms | 3.5 Bathrooms | 3,500 Htd. SqFt | Lagoon/Golf View | $850,000
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.
First Seven Months of 2018 in Review
Palmetto Dunes Villas’ first seven months of 2018 sales are significantly up from last year: 67 villas closed this year, up from the 57 which closed last year. The first seven months total dollar volume of villas sold in 2018 was $24,934,200 up from $21,453,650 in 2017. Supply and demand: As of July 31st, 2018, there are 50 villas listed for sale with an average of 11.17 villas selling per month over the last seven months. That translates into a 4.48-month supply, considered by industry experts to be a seller’s market. As of July 31, 2018, there were 11 villas pending/under contract.
67
$338,500
96.53%
48
Total Sales
Median Price
Sale to List Price
Median Days on Market
Hilton Head Island Real Estate Market Overview
47 Ocean Lane # 5108, Leamington (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.
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.
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
Hilton Head Is., SC
ACTIVE LISTINGS ON HILTON HEAD ISLAND
604 How’s the Hilton Head Island Real Estate Market Doing?
YTD Hilton Head Island Home Sales YTD Through July 31 for Each Year
Year
Number of Homes Sold
Median Price
2013
470
$489,000
2014
472
$488,000
2015
519
$530,000
2016
508
$524,000
2017
539
$530,000
2018
634
$548,000
In 2018 the Hilton Head Island housing market enjoyed its best first seven months in 13 years, according to statistics from the Hilton Head Area Multiple Listing Service. As you can see from the chart to the left, first seven months home sales in 2018 are up to 634, a rather significant 18% increase from 2017. Additionally, home prices are up 3.4% from 2017 and at their highest price in nine years. The median price of homes selling in the US is at its highest ever. With increasing demand and today’s historically low interest rates, it is an exceptional time to invest in 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 2018 through August 7, 2018. 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.