Douglas Trudeau , Assoc. Broker
Prudential Foothills Real Estate
64 N. Harrison Road, Suite 160
Tucson , AZ 85748
Mobile: 520-954-2209
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Tucson Golf Property Sales
Tucson is a retreat for golfers who love to play year round. There is no question that my niche is golf properties and golfers. When writing monthly reports about home sales I’ve had a desire to focus more toward golf properties. I finally found the time to pull up statistics, which I’ll begin reporting in my monthly sales reports beginning in February.
For now, I’d like to look at available MLS information for properties that are directly adjacent to golf courses. This does not take into consideration sales of homes within subdivisions that embrace golf courses which do not back up to the golf course. It does provide a solid basis to view the history of sales, average prices, and median prices. With the number of retirees moving to Tucson each month, this niche information should prove valuable to my fellow Babyboomers and golfers.
What is interesting is the consistency in golf property home sales in the current Buyers Market, the previous frenzy from 2004 into 2006, and the stable years prior dating back to 1996. There was a definite peak in sales in 2006, as was experienced in the rest of the market. The average sales price for golf properties in 2007 was 98.59% of that for 2006. The median price for golf property sales for 2007 was 94.5% of that for 2006. Sales of golf properties in 2007 increase 1.81% over that of 2006. For 2004 and 2005 sales were off the charts with 498 and 507 respectively.
Now it really gets interesting. The average sales price of golf properties for 2007 was 42% higher than 2004, and 9.6% higher than 2005. The median prices for 2007 golf properties was 33.9% and 2.6% higher than 2004 and 2005 respectively. While other sectors of the Tucson real estate market have seen a leveling or decline in property values, golf properties are seeing an increase in value.
The numbers tell the tale. Golf properties in Tucson real estate are holding their own in value and consistency in sales.
| Sales | Year | Avg | Med | Low | High |
| 184 | 1996 | $238,867 | $210,000 | $58,000 | $887,500 |
| 262 | 1997 | $239,733 | $216,373 | $59,000 | $765,000 |
| 277 | 1998 | $228,957 | $202,000 | $48,500 | $1,000,000 |
| 393 | 1999 | $256,691 | $210,000 | $54,500 | $1,300,000 |
| 361 | 2000 | $277,389 | $214,000 | $16,320 | $1,365,000 |
| 325 | 2001 | $282,882 | $244,000 | $57,000 | $1,780,000 |
| 383 | 2002 | $278,443 | $242,000 | $39,000 | $1,775,000 |
| 409 | 2003 | $286,323 | $243,000 | $48,500 | $1,600,000 |
| 498 | 2004 | $342,313 | $295,000 | $75,000 | $2,400,000 |
| 507 | 2005 | $445,955 | $385,000 | $105,500 | $2,225,000 |
| 383 | 2006 | $495,769 | $418,000 | $102,000 | $2,950,000 |
| 390 | 2007 | $488,809 | $395,000 | $135,000 | $3,850,000 |
With Accenture Match Play Championship bringing more PGA attention to Tucson, with more Babyboomers retiring, I can see an increased demand for golf properties. All I can say is, golfers, Welcome To Tucson. Look me up when you get here. I am always up for 18 holes, as well as showing the beautiful homes that line our many golf courses.
If you want to see some of the golf communities in Tucson, links are to the left. For golf courses and scheduling tee time, the links are to your right. Enjoy and share with fellow golfers.
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