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17 DEC

Golf and Country Club Prices

Golf and Country Club Prices

Could golf & country club prices jump 10-20% during season in the Northern Palm Beaches?  It’s very possible.  The reason is that there is no inventory. PGA National has 13 homes out of 4963 homes on the market! That is 0.26% We are normally running at 130 homes this time of year. It’s the same all across the board for all the clubs.  The culprit is that there hasn’t been a new country club start since 2007.  Jupiter Country was the last club that finished its build out and that was 2019.  The demand of people coming into the market continues to grow but the total supply of 15,645 country club homes in the Northern Palm Beaches is stagnant. It’s the same way in other parts of the area.

 

Community Total Homes Active Homes Active Homes on the market % Under Contract/Pending Under Contract/Pending Homes on the market %
Admirals Cove 891 9 1.01% 13 1.46%
BallenIsles 1574 1 0.06% 9 0.57%
Bears Club 68 3 4.41% 0 0.00%
Eagle Tree Jupiter at Trump National 74 0 0.00% 0 0.00%
Eastpointe 875 3 0.34% 9 1.03%
Frenchman’s Creek 606 5 0.83% 4 0.66%
Frenchman’s Reserve 447 1 0.22% 3 0.67%
Ibis 1808 13 0.72% 18 1.00%
Jonathan’s’ Landing 1213 4 0.33% 8 0.66%
Jupiter Country Club 550 3 0.55% 2 0.36%
Lost Tree 570 5 0.88% 2 0.35%
Loxahatchee Club 350 1 0.29% 4 1.14%
Mirasol 1164 2 0.17% 11 0.95%
Old Marsh 181 2 1.10% 1 0.55%
Old Palm   311 1 0.32% 3 0.96%
PGA 4963 13 0.26% 47 0.95%
Totals 15645 66 0.42% 134 0.86%

 

Jeff Lichtenstein is owner and broker of Echo Fine Properties, a luxury real estate brokerage selling real estate in Jupiter  and homes in Palm Beach Gardens, Florida. He has 20 years of real estate experience, has closed over a 1,000 transactions, and manages over 50 agents in a non-traditional model of real estate that mimics a traditional business model.  Some publications he has been quoted in.

Feel free to ask him a question directly at jeff@EchoFineProperties.com.

 

Posted in Open House Blog on December 17, 2021 at 5:25 am.

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