Home buyers are showing more interest in golf community homes again and it’s all thanks to the COVID-19 pandemic. In its 2021 Luxury Outlook report, Sotheby’s International Realty said that after five years of closures all around the U.S., golf courses are once again growing in popularity. Sotheby’s said that it saw a 26% increase
Demand grows for golf club community homes
Residential golf community homes are back on buyers’ radars again after years of sluggish sales and stagnating prices. The Wall Street Journal said this week that real estate pros report a big jump in demand for homes in golfing communities since the coronavirus pandemic began. But it’s not just the golf that buyers are being
The growing problem of community golf course closures
Homeowners living in so-called golfing communities are seeing the premium they paid disappearing as an increasing number of golf courses in the U.S. are closing down. According to the National Golf Foundation, almost 200 golf courses located in suburbs across the Sun Belt have shut down. The reason is that less and less people are
Suncadia: Resort Sales Soar in Pacific Northwest
Suncadia, a luxury development just East of Seattle, reportedly sold some $42 million in real estate, their best sales year since the 2008 crash. The year round mountain resort community reported 150 plus resales, as demand for second homes increased in the Pacific Northwest.