Membership sales at San Diego Country Clubs: just one of many hidden perks in today’s real estate market
By Kelly Pottorff & Tammy Tidmore
After what the Chicago Tribune recently described as “six awful years” of persistent market decline, home sales and values are finally on the rise. This is great news for homeowners and sellers nationwide. But as the storm clouds lift, we are also beginning to see a silver lining to the housing crisis: hidden perks in the form of prime real estate deals, investor opportunities, and now even membership sales at exclusive San Diego country clubs.
The fact is, while real estate is regaining strength here in California, it is still far from achieving the kind of numbers typical before the great recession. And while some may wish for the good old days, others – including move-up buyers and vacation homeowners looking to grow roots in Del Mar, Rancho Santa Fe, La Jolla and other high-end San Diego hamlets – have the chance to get exceptional values, not only in real estate, but also in the lifestyle amenities that make San Diego such an attractive destination for buyers in the first place.
Join the club
San Diego’s North County boasts some of the regions best and most exclusive country clubs and resorts – many of which attract international celebrities as well as the local elite. From the likes of The Bridges Club in Rancho Santa Fe and the Del Mar Country Club (which counts Bill Gates among its members) to La Costa Resort, Fairbanks Ranch and Rancho Santa Fe Golf Club, there are myriad options for anyone looking to establish themselves in the community – and of course, to take advantage of San Diego’s renowned sunshine for a golf game or tennis match any day of the year.
A mere six years ago, however, membership at many of these clubs was cost prohibitive for most residents. According to the 2005-2006 San Diego Golf Directory, The Bridges – San Diego’s most exclusive club — was priced at an initiation rate of $350,000 for new members, with monthly dues falling at $1,089. Meanwhile, Del Mar Country Club charged a $160,000 initiation fee, with $1,000 in monthly dues and $100 guest fees. But fast-forward to 2012 and fees at many clubs are less than half the rate charged during the housing boom.
Whether you are already a resident of Del Mar, Rancho Santa Fe, or any of San Diego’s other charming North County locations, or whether you are in the market for a vacation property or new home in and around the region’s premier country clubs and resorts, now is the time to take action for great value on real estate and local amenities alike. To learn more about real estate in Del Mar and Rancho Santa Fe, including country club properties and membership advantages, contact us, Kelly Pottorff and Tammy Tidmore at Willis Allen Real Estate today. Visit www.rsf.com.
- Rancho Valencia Resort San Diego: understanding fractional ownership properties
- Membership numbers down
- Real estate private placement and non-traded REIT fraud: a protection guide for real estate investors
- Home of the Week – Golf Course Membership Available
- TIC investment fraud: how to protect against dishonest 1031 real estate deals
Short URL: http://www.delmartimes.net/?p=40626