Ken Kirkman, Landfall Realty’s general manager, (and a real estate attorney and developer as well) hosted the company’s mid year real estate forum on Wednesday night, July 7, at Country Club of Landfall. As has been the case in the past, a good number of Landfall residents turned out to hear Kirkman comment on national real estate trends, review what has gone on in the Landfall market for the past six months, predict what the next months and years will likely bring, and make suggestions to those considering selling or buying property. As always, the session ended with questions from the audience being addressed.
Future posts will follow with additional comments, but one question posed by an attendee was how important Country Club of Landfall is to the Landfall real estate market. Kirkman indicated that having a high quality club, debt free, in good condition is critical to Landfall’s short and long term value. While perhaps only 25% of residents play golf regularly, others use the sports and dining facilities. Of equal importance, the vast open, green spaces created by a quality golf course add value to all properties, and enhance the ability to resell. Kirkman noted that in another development a poll of purchasers revealed that about 65% of the buyers would not have purchased had a golf course not been planned, while only 25%of them intended to play golf. Clearly, the health of the real estate market and Country Club of Landfall are inexorably linked.