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 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’ first seven months of 2018 sales are significantly up from last year: 35 homes closed this year compared to the 21 homes which closed last year. The first seven months total dollar volume of homes sold in 2018 was $34,790,150, up from $28,043,500 in 2017. Supply and demand: As of July 31st, 2018, there are 58 homes listed for sale with an average of 5 homes selling per month over the past seven months. That translates into a 11.60-month supply, considered by industry experts to be a buyer’s market. As of July 31, 2018, there were five homes pending/under contract. In the lot realm, five lots closed this year with one pending/under contract and 10 lots marketed for sale.
35
$820,000
93.78%
189
Total Sales
Median Price
Sale to List Price
Median Days on Market
Hilton Head Island Real Estate Market Overview
27 S Shore Drive, Leamington 4 Bedrooms | 4.5 Bathrooms | 3,572 Htd. SqFt | Lagoon/Pool View | $1,299,000 Exquisite Lowcountry Home This custom built one-owner home is just an 8-minute walk or 3-minute golf cart ride to the Atlantic. Long lagoon views and privacy make this residence one of a kind. As you enter this contemporary home, you are welcomed by a gracious 2-story living room that overlooks the pool and lagoon - absolutely mesmerizing! The spacious master suite has a top-of-the-line jacuzzi (with music/lights), plus his and her baths and closets. It also features an often wanted but seldom found in-law/guest suite with a kitchenette and living room. Conveniently located to all that Hilton Head Island has to offer including restaurants, shopping, amenities, and more!
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 Home Listings TOTAL APPROX. FULL BATHS HALF BATHS YEAR BUILT BEDROOMS SQ. FOOTAGE Active Mariners Side 52 Off Shore Golf 3 2 1 1990 2,340 Active Mariners Side 51 Off Shore Drive Lake 3 2 1 1985 2,058 Active Mariners Side 15 Off Shore Lagoon 5 4 1 1973 2,742 Active Mariners Side 6 Topside Lake 3 3 0 1989 2,452 Active Mariners Side 35 Full Sweep Lake 4 4 0 1987 2,843 Active Mariners Side 55 Sea Lane Golf, Lagoon 3 3 0 1989 2,592 Active Mariners Side 44 Full Sweep Golf, Lagoon 3 3 0 1980 2,347 Active Mariners Side 43 Sea Lane Golf, Lagoon 3 3 0 1980 2,356 Active Mariners Side 69 Port Tack Lagoon 3 2 1 1988 2,295 Active Mariners Side 29 Swing About Lagoon, Pool 4 3 0 1973 2,597 Active Mariners Side 5 Down Wind Lagoon 3 2 1 1981 2,260 Active Mariners Side 10 Hunt Club Court Lagoon 4 4 0 1987 2,244 Active Mariners Side 43 Off Shore Lagoon, Pool 4 4 1 1979 4,094 Active Mariners Side 49 Off Shore Lagoon, Pool 4 4 0 1993 3,400 Active Mariners Side 2 High Water Landscape, Pool 4 5 0 1980 5,047 Active Mariners Side 9 Full Sweep Lake 3 3 1 1992 3,097 Active Mariners Side 20 Port Tack Lagoon 4 3 0 1973 2,702 Active Mariners Side 29 Off Shore Lagoon, Pool 4 4 1 1992 3,042 Active Mariners Side 3 Eastwind Wooded 3 3 0 1983 1,881 Active Mariners Side 4 Galleon Landscape 3 3 0 1981 2,252 Active Mariners Side 37 Haul Away Golf, Pool 4 4 0 2002 3,201 Active Mariners Side 4 Iron Clad Ocean 3 2 1 1989 2,408 Active Mariners Side 144 Mooring Buoy Pool, Wooded 3 3 0 1973 2,132 Active Mariners Side 19 Port Tack Golf, Lagoon 4 3 1 1972 3,239 Active Mariners Side 1 Armada Street Wooded 3 3 0 1979 2,477 Active Mariners Side 14 Port Tack Golf, Lagoon 3 3 1 1982 3,173 Active Mariners Side 29 Port Tack Golf, Lagoon 6 5 1 2003 5,802 Active Mariners Side 24 Mooring Buoy Wooded 4 3 0 1994 2,656 Active Mariners Side 2 Lee Shore Wooded 5 5 0 1994 3,005 Active Mariners Side 25 Rum Row Golf 6 4 1 1991 4,032 Active Mariners Side 39 Port Tack Golf, Lagoon 4 4 0 1999 3,671 Active Mariners Side 4 Junket Wooded 4 4 0 1985 3,416 Active Mariners Side 176 Mooring Buoy Golf, Lagoon 5 6 2 1980 4,561 Active Mariners Side 113 Mooring Buoy Lagoon 5 5 1 1984 3,189 Active Mariners Side 5 Junket Ocean 6 6 1 1984 5,112 Active Mariners Side 9 Promontory Court Golf, Lagoon 5 5 0 2007 5,019 Active Mariners Side 85 Mooring Buoy Lagoon 5 5 2 2015 4,500 Active Mariners Side 6 Armada Wooded 6 6 1 2016 4,431 Active Mariners Side 19 Armada Ocean 4 4 1 1987 3,842 Active Mariners Side 8 Night Harbour Ocean 5 5 1 1994 3,700 Active Mariners Side 17 Armada Ocean 5 5 0 1992 4,916 Active Mariners Side 11 Dinghy Ocean 6 6 1 1989 4,560 Active Mariners Side 12 Brigantine Ocean 6 5 1 1981 5,600 Active Mariners Side 9 Junket Ocean 5 5 2 1994 4,956 Active Mariners Side 11 Junket Ocean 6 7 1 1980 4,902 Active Mariners Side 9 High Rigger Ocean 5 6 0 1999 4,633 Active Mariners Side 9 East Wind Ocean 6 6 1 2004 5,784 Active Mariners Side 9 Cat Boat Ocean 5 5 3 2004 5,500 Active Mariners Side 8 Man O War Ocean, Pool 6 6 2 2005 5,940 Active Mariners Side 8 Galleon Ocean, Tennis 7 7 1 1978 3,100 Active Mariners Side 13 Brigantine Ocean, Pool 4 6 1 2007 7,365 Active Inverness Side 3 Strath Court Pool 3 2 0 1995 1,848 Active Inverness Side 22 Promontory Court Pool 3 2 1 1994 2,873 Active Inverness Side 41 Saint George Road Landscape 3 3 0 1985 3,449 Active Inverness Side 11 Saint George Road Lagoon, River 4 4 1 1983 3,435 Active Inverness Side 1 Cockle Court Pool 6 5 0 1981 2,846 Active Inverness Side 5 Hunt Club Court Pool 5 5 0 1999 3,870 Active Inverness Side 7 Saint George Road Lagoon, Pool 4 4 1 1997 3,065 Pending Mariners Side 81 Port Tack Lagoon 3 3 0 1995 2,438 Pending Mariners Side 17 Port Tack Golf, Lagoon 3 3 0 1971 2,368 Pending Mariners Side 4 Catboat Pool 5 5 0 1989 4,012 Pending Mariners Side 1 Brigantine Pool 8 7 0 2003 5,130 Pending Inverness Side 14 Promontory Ct Pool 3 3 1 1999 2,538 Sold Inverness Side 19 Cartgate Drive Wooded 3 3 0 1995 1,956 Sold Inverness Side 14 Heath Drive Golf 3 2 1 1981 2,078 Sold Inverness Side 12 Promontory Court Wooded 3 2 1 1985 2,330 Sold Inverness Side 6 Cottage Court Landscape 4 3 0 1995 3,040 Sold Inverness Side 4 Ginger Beer Court Pool 5 4 2 2000 3,968 Sold Inverness Side 5 Troon Drive Pool 5 4 1 1996 2,644 Sold Inverness Side 11 Promontory Court Golf, Lagoon 5 4 1 1995 4,081 Sold Mariners Side 44 Off Shore Golf 3 2 0 1973 1,754 Sold Mariners Side 21 Full Sweep Lake, Pool 3 2 0 1980 2,034 3 2 1 1986 1,818 Sold Mariners Side 32 Off Shore Golf Sold Mariners Side 12 Sea Lane Lagoon 4 3 1 1982 2,512 Sold Mariners Side 12 Hunt Club Court Lagoon 3 2 1 1980 2,025 Sold Mariners Side 29 Rum Row Golf 3 3 0 1978 2,100 Sold Mariners Side 56 Port Tack Lagoon 3 3 1 1986 2,240 Sold Mariners Side 122 Mooring Buoy Landscape 4 4 0 1970 2,648 Sold Mariners Side 10 Full Sweep Golf, Lagoon 4 2 1 1980 2,536 Sold Mariners Side 21 Swing About Lagoon, Pool 4 4 0 2002 2,796 Sold Mariners Side 142 Mooring Buoy Wooded 3 4 0 1975 2,100 Sold Mariners Side 39 Full Sweep Lagoon, Lake 4 4 1 2003 3,411 Sold Mariners Side 4 Full Sweep Lagoon, River 4 3 0 1979 2,385 Sold Mariners Side 4 Haul Away Lagoon 5 4 1 2002 6,064
STATUS SUB-AREA
ADDRESS
VIEW
LIST PRICE CLOSE PRICE $510,000 $519,900 $599,900 $605,000 $625,000 $629,000 $675,000 $679,000 $685,000 $724,500 $725,000 $730,000 $775,000 $794,900 $795,000 $849,000 $875,000 $879,000 $899,900 $949,500 $989,000 $995,000 $1,100,000 $1,100,000 $1,149,000 $1,150,000 $1,195,000 $1,199,000 $1,225,000 $1,259,000 $1,350,000 $1,395,000 $1,749,500 $1,825,000 $1,949,000 $2,095,000 $2,599,000 $2,795,000 $3,250,000 $3,390,000 $3,695,000 $3,695,000 $3,750,000 $3,789,000 $3,795,000 $3,995,000 $4,495,000 $4,599,000 $4,695,000 $5,495,000 $8,995,000 $649,000 $669,000 $680,000 $729,000 $745,000 $999,000 $999,950 $735,000 $950,000 $1,149,000 $2,125,000 $675,000 $559,000 $499,000 $629,000 $715,000 $869,000 $849,000 $1,095,000 $279,900 $559,900 $489,000 $599,000 $749,500 $725,000 $725,000 $799,000 $727,900 $799,500 $799,000 $899,900 $1,049,000 $999,900
------------------------------------------------------------------------------------------------------------------------------$450,000 $450,000 $580,000 $700,000 $750,000 $810,000 $1,095,000 $286,650 $460,000 $462,500 $535,000 $670,000 $695,000 $702,500 $710,000 $710,000 $762,500 $799,000 $820,000 $985,000 $1,001,000
STATUS SUB-AREA Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold
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
TOTAL APPROX. FULL BATHS HALF BATHS BEDROOMS SQ. FOOTAGE 1 Eastwind Landscape 5 4 1 1984 87 Mooring Buoy Pool, Wooded 4 4 0 1986 161 Mooring Buoy Lagoon 5 5 0 1989 2 Weather Shore Landscape, Pool 5 4 2 1990 9 High Water Lagoon 7 6 1 1987 5 Eastwind Pool 5 4 0 1980 6 Dinghy Wooded 4 4 1 1983 44 Sea Lane Lagoon 4 3 1 1984 4 Ketch Ocean 6 6 1 1992 6 Flotilla Landscape, Pool 5 4 1 1990 3 Junket Wooded 5 5 1 1992 164 Mooring Buoy Landscape, Pool 5 5 2 1979 49 Mooring Buoy Golf, Lagoon 6 7 0 2002 11 Iron Clad Ocean 6 7 2 1996 ADDRESS
VIEW
YEAR BUILT 3,038 2,750 3,506 3,654 4,604 2,854 2,710 2,680 4,022 3,292 4,591 3,680 5,322 5,787
LIST PRICE CLOSE PRICE $1,100,000 $1,075,000 $1,150,000 $1,150,000 $1,200,000 $1,225,000 $1,295,000 $1,345,000 $1,445,000 $1,439,000 $1,695,000 $1,895,000 $1,895,000 $3,950,000
$1,015,000 $1,020,000 $1,078,500 $1,100,000 $1,100,000 $1,150,000 $1,200,000 $1,245,000 $1,300,000 $1,350,000 $1,530,000 $1,737,500 $1,775,000 $3,755,000
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%
Giving You The 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. • Highly trusted strategic online and mobile marketing partners with a combined 500 million website and mobile views per month • A global network spanning more than 30 countries with 9,000 Advisors in 750 shops around the world • White-glove professionalism and local market expertise of your dedicated Advisor Let us provide the EDGE you need to sell your home. Contact the Clarke Team for a complimentary, no-obligation home valuation.
Palmetto Dunes Home Listings TOTAL APPROX. FULL BATHS HALF BATHS YEAR BUILT BEDROOMS SQ. FOOTAGE Active Mariners Side 52 Off Shore Golf 3 2 1 1990 2,340 Active Mariners Side 51 Off Shore Drive Lake 3 2 1 1985 2,058 Active Mariners Side 15 Off Shore Lagoon 5 4 1 1973 2,742 Active Mariners Side 6 Topside Lake 3 3 0 1989 2,452 Active Mariners Side 35 Full Sweep Lake 4 4 0 1987 2,843 Active Mariners Side 55 Sea Lane Golf, Lagoon 3 3 0 1989 2,592 Active Mariners Side 44 Full Sweep Golf, Lagoon 3 3 0 1980 2,347 Active Mariners Side 43 Sea Lane Golf, Lagoon 3 3 0 1980 2,356 Active Mariners Side 69 Port Tack Lagoon 3 2 1 1988 2,295 Active Mariners Side 29 Swing About Lagoon, Pool 4 3 0 1973 2,597 Active Mariners Side 5 Down Wind Lagoon 3 2 1 1981 2,260 Active Mariners Side 10 Hunt Club Court Lagoon 4 4 0 1987 2,244 Active Mariners Side 43 Off Shore Lagoon, Pool 4 4 1 1979 4,094 Active Mariners Side 49 Off Shore Lagoon, Pool 4 4 0 1993 3,400 Active Mariners Side 2 High Water Landscape, Pool 4 5 0 1980 5,047 Active Mariners Side 9 Full Sweep Lake 3 3 1 1992 3,097 Active Mariners Side 20 Port Tack Lagoon 4 3 0 1973 2,702 Active Mariners Side 29 Off Shore Lagoon, Pool 4 4 1 1992 3,042 Active Mariners Side 3 Eastwind Wooded 3 3 0 1983 1,881 Active Mariners Side 4 Galleon Landscape 3 3 0 1981 2,252 Active Mariners Side 37 Haul Away Golf, Pool 4 4 0 2002 3,201 Active Mariners Side 4 Iron Clad Ocean 3 2 1 1989 2,408 Active Mariners Side 144 Mooring Buoy Pool, Wooded 3 3 0 1973 2,132 Active Mariners Side 19 Port Tack Golf, Lagoon 4 3 1 1972 3,239 Active Mariners Side 1 Armada Street Wooded 3 3 0 1979 2,477 Active Mariners Side 14 Port Tack Golf, Lagoon 3 3 1 1982 3,173 Active Mariners Side 29 Port Tack Golf, Lagoon 6 5 1 2003 5,802 Active Mariners Side 24 Mooring Buoy Wooded 4 3 0 1994 2,656 Active Mariners Side 2 Lee Shore Wooded 5 5 0 1994 3,005 Active Mariners Side 25 Rum Row Golf 6 4 1 1991 4,032 Active Mariners Side 39 Port Tack Golf, Lagoon 4 4 0 1999 3,671 Active Mariners Side 4 Junket Wooded 4 4 0 1985 3,416 Active Mariners Side 176 Mooring Buoy Golf, Lagoon 5 6 2 1980 4,561 Active Mariners Side 113 Mooring Buoy Lagoon 5 5 1 1984 3,189 Active Mariners Side 5 Junket Ocean 6 6 1 1984 5,112 Active Mariners Side 9 Promontory Court Golf, Lagoon 5 5 0 2007 5,019 Active Mariners Side 85 Mooring Buoy Lagoon 5 5 2 2015 4,500 Active Mariners Side 6 Armada Wooded 6 6 1 2016 4,431 Active Mariners Side 19 Armada Ocean 4 4 1 1987 3,842 Active Mariners Side 8 Night Harbour Ocean 5 5 1 1994 3,700 Active Mariners Side 17 Armada Ocean 5 5 0 1992 4,916 Active Mariners Side 11 Dinghy Ocean 6 6 1 1989 4,560 Active Mariners Side 12 Brigantine Ocean 6 5 1 1981 5,600 Active Mariners Side 9 Junket Ocean 5 5 2 1994 4,956 Active Mariners Side 11 Junket Ocean 6 7 1 1980 4,902 Active Mariners Side 9 High Rigger Ocean 5 6 0 1999 4,633 Active Mariners Side 9 East Wind Ocean 6 6 1 2004 5,784 Active Mariners Side 9 Cat Boat Ocean 5 5 3 2004 5,500 Active Mariners Side 8 Man O War Ocean, Pool 6 6 2 2005 5,940 Active Mariners Side 8 Galleon Ocean, Tennis 7 7 1 1978 3,100 Active Mariners Side 13 Brigantine Ocean, Pool 4 6 1 2007 7,365 Active Inverness Side 3 Strath Court Pool 3 2 0 1995 1,848 Active Inverness Side 22 Promontory Court Pool 3 2 1 1994 2,873 Active Inverness Side 41 Saint George Road Landscape 3 3 0 1985 3,449 Active Inverness Side 11 Saint George Road Lagoon, River 4 4 1 1983 3,435 Active Inverness Side 1 Cockle Court Pool 6 5 0 1981 2,846 Active Inverness Side 5 Hunt Club Court Pool 5 5 0 1999 3,870 Active Inverness Side 7 Saint George Road Lagoon, Pool 4 4 1 1997 3,065 Pending Mariners Side 81 Port Tack Lagoon 3 3 0 1995 2,438 Pending Mariners Side 17 Port Tack Golf, Lagoon 3 3 0 1971 2,368 Pending Mariners Side 4 Catboat Pool 5 5 0 1989 4,012 Pending Mariners Side 1 Brigantine Pool 8 7 0 2003 5,130 Pending Inverness Side 14 Promontory Ct Pool 3 3 1 1999 2,538 Sold Inverness Side 19 Cartgate Drive Wooded 3 3 0 1995 1,956 Sold Inverness Side 14 Heath Drive Golf 3 2 1 1981 2,078 Sold Inverness Side 12 Promontory Court Wooded 3 2 1 1985 2,330 Sold Inverness Side 6 Cottage Court Landscape 4 3 0 1995 3,040 Sold Inverness Side 4 Ginger Beer Court Pool 5 4 2 2000 3,968 Sold Inverness Side 5 Troon Drive Pool 5 4 1 1996 2,644 Sold Inverness Side 11 Promontory Court Golf, Lagoon 5 4 1 1995 4,081 Sold Mariners Side 44 Off Shore Golf 3 2 0 1973 1,754 Sold Mariners Side 21 Full Sweep Lake, Pool 3 2 0 1980 2,034 3 2 1 1986 1,818 Sold Mariners Side 32 Off Shore Golf Sold Mariners Side 12 Sea Lane Lagoon 4 3 1 1982 2,512 Sold Mariners Side 12 Hunt Club Court Lagoon 3 2 1 1980 2,025 Sold Mariners Side 29 Rum Row Golf 3 3 0 1978 2,100 Sold Mariners Side 56 Port Tack Lagoon 3 3 1 1986 2,240 Sold Mariners Side 122 Mooring Buoy Landscape 4 4 0 1970 2,648 Sold Mariners Side 10 Full Sweep Golf, Lagoon 4 2 1 1980 2,536 Sold Mariners Side 21 Swing About Lagoon, Pool 4 4 0 2002 2,796 Sold Mariners Side 142 Mooring Buoy Wooded 3 4 0 1975 2,100 Sold Mariners Side 39 Full Sweep Lagoon, Lake 4 4 1 2003 3,411 Sold Mariners Side 4 Full Sweep Lagoon, River 4 3 0 1979 2,385 Sold Mariners Side 4 Haul Away Lagoon 5 4 1 2002 6,064
STATUS SUB-AREA
ADDRESS
VIEW
LIST PRICE CLOSE PRICE $510,000 $519,900 $599,900 $605,000 $625,000 $629,000 $675,000 $679,000 $685,000 $724,500 $725,000 $730,000 $775,000 $794,900 $795,000 $849,000 $875,000 $879,000 $899,900 $949,500 $989,000 $995,000 $1,100,000 $1,100,000 $1,149,000 $1,150,000 $1,195,000 $1,199,000 $1,225,000 $1,259,000 $1,350,000 $1,395,000 $1,749,500 $1,825,000 $1,949,000 $2,095,000 $2,599,000 $2,795,000 $3,250,000 $3,390,000 $3,695,000 $3,695,000 $3,750,000 $3,789,000 $3,795,000 $3,995,000 $4,495,000 $4,599,000 $4,695,000 $5,495,000 $8,995,000 $649,000 $669,000 $680,000 $729,000 $745,000 $999,000 $999,950 $735,000 $950,000 $1,149,000 $2,125,000 $675,000 $559,000 $499,000 $629,000 $715,000 $869,000 $849,000 $1,095,000 $279,900 $559,900 $489,000 $599,000 $749,500 $725,000 $725,000 $799,000 $727,900 $799,500 $799,000 $899,900 $1,049,000 $999,900
------------------------------------------------------------------------------------------------------------------------------$450,000 $450,000 $580,000 $700,000 $750,000 $810,000 $1,095,000 $286,650 $460,000 $462,500 $535,000 $670,000 $695,000 $702,500 $710,000 $710,000 $762,500 $799,000 $820,000 $985,000 $1,001,000
STATUS SUB-AREA Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold
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
TOTAL APPROX. FULL BATHS HALF BATHS BEDROOMS SQ. FOOTAGE 1 Eastwind Landscape 5 4 1 1984 87 Mooring Buoy Pool, Wooded 4 4 0 1986 161 Mooring Buoy Lagoon 5 5 0 1989 2 Weather Shore Landscape, Pool 5 4 2 1990 9 High Water Lagoon 7 6 1 1987 5 Eastwind Pool 5 4 0 1980 6 Dinghy Wooded 4 4 1 1983 44 Sea Lane Lagoon 4 3 1 1984 4 Ketch Ocean 6 6 1 1992 6 Flotilla Landscape, Pool 5 4 1 1990 3 Junket Wooded 5 5 1 1992 164 Mooring Buoy Landscape, Pool 5 5 2 1979 49 Mooring Buoy Golf, Lagoon 6 7 0 2002 11 Iron Clad Ocean 6 7 2 1996 ADDRESS
VIEW
YEAR BUILT 3,038 2,750 3,506 3,654 4,604 2,854 2,710 2,680 4,022 3,292 4,591 3,680 5,322 5,787
LIST PRICE CLOSE PRICE $1,100,000 $1,075,000 $1,150,000 $1,150,000 $1,200,000 $1,225,000 $1,295,000 $1,345,000 $1,445,000 $1,439,000 $1,695,000 $1,895,000 $1,895,000 $3,950,000
$1,015,000 $1,020,000 $1,078,500 $1,100,000 $1,100,000 $1,150,000 $1,200,000 $1,245,000 $1,300,000 $1,350,000 $1,530,000 $1,737,500 $1,775,000 $3,755,000
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%
Giving You The 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. • Highly trusted strategic online and mobile marketing partners with a combined 500 million website and mobile views per month • A global network spanning more than 30 countries with 9,000 Advisors in 750 shops around the world • White-glove professionalism and local market expertise of your dedicated Advisor Let us provide the EDGE you need to sell your home. Contact the Clarke Team for a complimentary, no-obligation home valuation.
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 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’ first seven months of 2018 sales are significantly up from last year: 35 homes closed this year compared to the 21 homes which closed last year. The first seven months total dollar volume of homes sold in 2018 was $34,790,150, up from $28,043,500 in 2017. Supply and demand: As of July 31st, 2018, there are 58 homes listed for sale with an average of 5 homes selling per month over the past seven months. That translates into a 11.60-month supply, considered by industry experts to be a buyer’s market. As of July 31, 2018, there were five homes pending/under contract. In the lot realm, five lots closed this year with one pending/under contract and 10 lots marketed for sale.
35
$820,000
93.78%
189
Total Sales
Median Price
Sale to List Price
Median Days on Market
Hilton Head Island Real Estate Market Overview
27 S Shore Drive, Leamington 4 Bedrooms | 4.5 Bathrooms | 3,572 Htd. SqFt | Lagoon/Pool View | $1,299,000 Exquisite Lowcountry Home This custom built one-owner home is just an 8-minute walk or 3-minute golf cart ride to the Atlantic. Long lagoon views and privacy make this residence one of a kind. As you enter this contemporary home, you are welcomed by a gracious 2-story living room that overlooks the pool and lagoon - absolutely mesmerizing! The spacious master suite has a top-of-the-line jacuzzi (with music/lights), plus his and her baths and closets. It also features an often wanted but seldom found in-law/guest suite with a kitchenette and living room. Conveniently located to all that Hilton Head Island has to offer including restaurants, shopping, amenities, and more!
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.