Three million people tried golf for the first time in 2020, which has meant a great deal of business for golf-centric facilities and communities.
âDemand for community amenities from private golf clubs and real estate is at an all time high,â Jason Becker, co-founder of Golf Live Navigators, told Bloomberg.
- The Kiawah Island Club community in Charleston, SC generated $ 152 million in sales in the first quarter of 2021, a 237% year-over-year increase.
- August was the highest grossing month in Kiawah Island history, with sales reaching $ 100 million.
- Sand Valley Golf Resort in Wisconsin has already sold all 17 lots of its private course that it plans to sell to owners over seven years.
Since March 2020, around 64% of people looking to buy a golf membership and a house buy real estate within golf communities, compared to 51% in 2019.
About 500 million rounds of golf were played in 2020, and that number could very well continue to increase.
The advent of widespread remote working is also a reported factor in the golf real estate boom, as players have to worry less about travel and life around their offices.