Three million people tried golf for the first time in 2020, which has translated to big business for golf-focused facilities and communities.
“Demand for private golf club community amenities and real estate is at an all-time high,” Jason Becker, co-founder of Golf Live Navigators, told Bloomberg.
- The Kiawah Island Club community in Charleston, South Carolina generated $152 million in sales in Q1 2021, a 237% increase year-over-year.
- August was the highest-grossing month in Kiawah Island’s history, with sales reaching $100 million.
- Sand Valley Golf Resort in Wisconsin has already sold out of the 17 lots for its private course that it expected to sell to homeowners over seven years.
Since March 2020, around 64% of people looking to purchase a golf membership and a home are buying real estate inside golf communities, up from 51% in 2019.
Roughly 500 million rounds of golf were played in 2020, and that number could very well continue to rise.
The advent of widespread remote work is also a reported factor in the boom in golf-related real estate as players have to worry less about commutes and living near their offices.