The Name Game
Excerpted from Links Magazine January 2004
One way to get the most bang for your real estate buck, says Dallas-based Golf Research Group, is to invest in a Tom or Jim Fazio community-where the average home price has increased 262 percent in the last 10 years (see chart below). When it comes to moving real estate, Nicklaus is king, according to Colin Hegarty, president of GRG. On average, a Jack Nicklaus golf real estate development sells 93 homes per year compared to 81 homes per year at communities with courses designed by other premiere architects. All told, the average home priced in communities designed by these architects apprecieted more than 133 percent in 10 years.
Golf Real Estate Development Average House Prices | |
|
House Price 2003 |
House Price 1993 |
% Increase |
| |
|
|
|
| Tom Fazio |
$1,766,563 |
$487,478 |
262% |
| Jim Fazio |
$898,333 |
$287,500 |
212% |
| Robert Cupp |
$745,000 |
$275,000 |
171% |
Jay Morrish
and Tom Weiskopf |
$1,350,000 |
$534,111 |
153% |
| Robert Trent Jones Jr. |
$1,168,333 |
$480,947 |
143% |
| Jack Nicklaus Signature |
$1,095,800 |
$535,963 |
104% |
| Rees Jones |
$825,000 |
$427,625 |
93% |
| Pete Dye |
$610,000 |
$337,500 |
81% |
| P.B. Dye |
$550,000 |
$344,625 |
60% |
| Arnold Palmer |
$471,100 |
$363,618 |
30% |
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