Investors Eyeing Country Clubs and Golf Courses

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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