Jul 24, 2015
(WASHINGTON, D.C.) Been yearning for the good old days? They’re back. The National Association of Realtors reports that existing home sales rose in June to the highest level since February 2007. It’s not a fluke. Existing sales were up 9.6% from the same period a year ago, and have increased year-over-year for nine consecutive months. And the increase was seen in all four regions of the country. Prices are strong, too. The median sales price for June of $236,400 was 6.5% above the same month a year ago, surpassing the peak median sales price set in July 2006. Even better, mortgage rates this year are nearly three percentage points lower than they were in 2007. Might want to jump on that private golf community home pretty soon.
Jul 22, 2015
Not Dead Yet
(FORT LAUDERDALE, FL) It’s not the sexiest way to look at the health of the game of golf, but it has the numbers to back it up. The financial and tax consulting firm of McGladrey (you know them from their sponsored Tour pros and the namesake tournament) has released its 41st annual report on the financial and operational trends in private clubs throughout Florida. Sift through the data and you’ll find plenty to say that golf is not dead, despite some recent headlines that have garnered plenty of press. McGladrey’s report of key financial and operational findings from over 200 private clubs shows that clubs continue to see high transactional activity in golf. On average, 25,500 rounds of golf are played annually per private club with golf course. “Look behind the headlines of golf and instead at the volume of transactional activity to find the real story about the game,” said Philip Newman, McGladrey partner. “If golf were dying as some say, private clubs wouldn’t see the flourishing operational results noted in this year’s survey.”
Jul 20, 2015
Stateside St. Andrews
(BOCA RATON, FL) Perfect weather is an anomaly at the Old Course at St. Andrews. A walk across the Swilcan Bridge is more likely accompanied by grey skies, whipping winds or driving rains than bright blue skies and a blazing sun. Not so at the private golf community known as the “St. Andrews of Florida.” Boca Raton’s St. Andrews Country Club greets its members with two replicas of the iconic bridge. They set the tone of a very private community where the golf is great and tee times are nonexistent. Where everything is first class, from the food to the staff. And where the members treasure the collegial, family atmosphere. The Club recently underwent a $15 million “Club Improvement Plan” that included a complete redesign of the clubhouse, Gallery restaurant, main entry features, landscaping, and the recreation and aquatic center. Scotland it’s not, but with two outstanding golf courses, no tee times, uncompromising standards, and year-round sunshine, it’s a pretty spectacular place to live.
Jul 17, 2015
(ST. ANDREWS, SCOTLAND) Has coverage of The Open got you dreaming of living at the home of golf? We’ve got the house (make that the mansion) for you. Located “a short walk away from the university and golf course,” the two storey masionette is, according to the listing, “the perfect place to relax and enjoy the views after a long day on the golf course.” The four-bedroom, three-bath period property offers “fetching views of the sea and garden,” and includes a conservatory, corner fireplace, aga, and “no shortage of storage.” Even if you’re not in the market for a million pounds-plus masionette, the listing makes for delightful reading and saves the best line for last: “Please note that as a resident here you would be eligible to membership of all 7 courses locally and an additional 30 guest rounds for an annual subscription of £210.” Buy this property and you’re sure to need way more than 30 guest rounds a year!
Jul 15, 2015
Call of the Coast
(ST. MARYS, GA) It’s summertime and the living is easy…especially on the coast. At the private club community of Osprey Cove, located on the Georgia coast just minutes from Jacksonville and Amelia Island, members spend their summers beachcombing along Cumberland Island National Seashore’s 18 miles of white sand beaches, enjoying a drink with friends at the marshfront Tiki Hut, fishing the Atlantic, and playing the highly acclaimed Mark McCumber course. Now you can get a taste of the uncrowded, unhurried coastal life with their Member for a Day program that includes a round of golf and dining at the Tiki Hut. Less than two miles of I-95, getting there is a breeze. No wonder 2015 real estate sales have already eclipsed last year’s total. While here, you can check out the new non-Resident Golf and Social Memberships and see the progress on the significant renovations to their clubhouse.