No matter how they may differ in their perspectives, every four years the two major party candidates for U.S. President agree that they “learn a lot about the American people” when they get outside of Washington, D.C. or wherever they happen to be living. Your correspondent learns plenty too when he gets outside the confines of his home office in Avon, CT, and travels through the Southeast to talk with golf club owners, real estate professionals, developers, golf professionals and residents.
I came away from a recent two-week trip through South Carolina and Georgia and visits to Reynolds Plantation, The Cliffs Communities and others thinking optimistic thoughts about the leisure residential market, and about golf communities in particular. My conclusion is that golf community real estate prices have hit bottom and have actually begun to take an upward trajectory that is likely to accelerate in the coming year or two. To confirm my observations, I called real estate agents we work with in the South to ask how this year’s sales compare with last year’s.
You can read about it in our next edition of Home On The Course, free when you subscribe by clicking here. Golf community real estate prices may rise, but our newsletter subscription price won’t.