{"id":10813,"date":"2014-04-12T12:00:10","date_gmt":"2014-04-12T16:00:10","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=10813"},"modified":"2014-04-12T12:34:55","modified_gmt":"2014-04-12T16:34:55","slug":"the-economics-of-golf-courses","status":"publish","type":"post","link":"https:\/\/www.Centives.net\/S\/2014\/the-economics-of-golf-courses\/","title":{"rendered":"The Economics Of Golf Courses"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2014\/04\/041214_1630_TheEconomic1.png\" width=\"640\" height=\"412\" \/><\/p>\n<p>Nadja Brandt and Michael Buteau wrote about the recovering market for golf courses:<\/p>\n<ul>\n<li>In 2012 the market for golf courses hit a low with the average course selling for $2.7 million.<\/li>\n<li>This year the average price has risen 57% with the average golf course selling for $4.25 million. This includes one property that was sold for $75 million.<\/li>\n<li>All in all though the market is still below its pre-recession peak of $7.33 million.<\/li>\n<li>The price has been driven up by a decrease in supply \u2013 in 2013 about 144 more courses closed than had opened.<\/li>\n<li>There was an over-supply of golf courses because people were purchasing them as if they were houses \u2013 and were buying them for their potential future values.<\/li>\n<li>These days they are treated as businesses and valuations depend on metrics such as membership numbers, operations, and net profits.<\/li>\n<\/ul>\n<p>Read more about the golf course industry, how banks are changing how they evaluate golf course acquisitions, and how Donald Trump&#8217;s golf courses have fared over <a href=\"http:\/\/www.bloomberg.com\/news\/2014-04-11\/golf-course-owners-recover-from-slump-as-players-return.html\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/www.bloomberg.com\/news\/2014-04-11\/golf-course-owners-recover-from-slump-as-players-return.html\">Bloomberg<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nadja Brandt and Michael Buteau wrote about the recovering market for golf courses: In 2012 the market for golf courses hit a low with the average course selling for $2.7 million. This year the average price has risen 57% with the average golf course selling for $4.25 million. This includes one property that was sold [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10812,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10813","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin"],"jetpack_featured_media_url":"https:\/\/www.Centives.net\/S\/wp-content\/uploads\/2014\/04\/041214_1630_TheEconomic1.png","_links":{"self":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/10813","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=10813"}],"version-history":[{"count":2,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/10813\/revisions"}],"predecessor-version":[{"id":10815,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/10813\/revisions\/10815"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/10812"}],"wp:attachment":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=10813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=10813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=10813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}