RealtorMag
Developers have expressed concerned that golf courses are losing favor with homeowners in high-end communities, but a new study shows they still boost home values. Researchers at Florida Atlantic University evaluated more than 10,000 home sales in the state’s Palm Beach, Broward, and Miami-Dade counties in 2015. They found that property values for homes adjacent to a golf course increased an average of 8 percent to 12 percent.
“Preliminary results from statistical pricing models suggest that properties receive a pricing boost,” says Ken Johnson, an associate dean of graduate programs and professor at FAU’s College of Business. “Thus, there is strong evidence to conclude that golf courses remain a positive draw to potential property owners.”
