A few years ago, I wrote a short article about Homes along the Memorial Tournament golf course. You can read it here.
With the Memorial Tournament wrapping up I figured you may want to know how much homes sell for around the Championship Golf Course in 2018. Jack Nicklaus started developing Muirfield Village in the early 1960’s. It became home of the Memorial Tournament in 1976.
There are 2 golf courses in Muirfield Village: the exclusive Championship Course where the Memorial is played, and the Country Club at Muirfield Village west of Muirfield Drive.
Golf Course Living in Muirfield Village
Muirfield Village is one of the most prestigious neighborhoods in Central Ohio. You can buy homes and condos in many price ranges, starting in the low $300’s and going up to multi-million-dollar estates.
Most Muirfield homes are more than 40 years old and many have never been updated. This means there are opportunities to purchase homes at a discount and substantially improve their value through remodeling.
As with other golf course communities, Muirfield imposes strict guideline on the exterior of your home and the landscaping. Changes have to be approved by the Association.
What Can You Buy on the Golf Course?
Seven homes sold during the past 12-month directly facing the Championship Golf Course ranging from $524,900 to $1,299,950.
Currently, there are 5 active listings. Three are located in the Estates at Muirfield Village, the gated community completely surrounded by the Championship Golf Course.
The least expensive deal is a 2,000 sqft home at 5505 Aryshire Drive, which goes for “only” $529,900.
Click on the map below to see details on active listings [green] and recent sales [blue].
April 2018 Housing Stats
Home values continue to rise quickly, especially for homes priced between $100,000 and $300,000. The inventory has improved a little, mostly due to seasonal sales activity.
Here are the numbers for April 2018 (compared to the same month a year ago);
- Closed Transactions – 2,590 – UP by 2.3%
- Pending Contracts – 3,574 – DOWN by 4.9%
- Inventory for Sale – 3,850 – DOWN by 11.2%
- New Listings – 3,698 – UP by 3.6%
- Average Sales Price – $225,385 – UP by 5.0%
- Days on Market – 33 – DOWN by 19.5%
Throughout the month of May, I saw more homes being listed, many at a substantially higher prices than comparable sales in the same neighborhood.
I expect we’ll see a seasonal slowdown of the market over the summer months. This means homes will take a little longer to sell and sellers will likely have to accept less inflated offers.
Call or text me at (614) 975-9650! I can help you whether you plan to buy or sell this year!