Golf’s revival has reignited investor interest in country clubs, as reported by Andy Medici of The Business Journals. Steven Ekovich, Executive Managing Director at LIPG, notes a 66% surge in buyers seeking golf assets compared to four years ago, attributing this trend to the industry’s improved health. In 2023, individual golf course sales averaged nearly $5 million, marking a 20.6% increase from 2022, although the median sale price dipped slightly to $2.5 million, still significantly higher than 2019’s average of $1.5 million.
*Article courtesy of Philadelphia Business Journal
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