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Laura Cole & Tana Gaskill
  561.758.8625      561.389.6838
   Illustrated Properties
Newsletter
January, 2022
Greetings!

Mid-January already!  This past holiday season flew by not in a flurry of festivity, social activities or parties but celebrated within the warmth our homes and community with a sprinkling of friends and family when Covid-safe. The amazing New Year's Eve fireworks at BallenIsles were a spectalular display and a suitable farewell to 2021.
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Laura is mad for pickleball. BallenIsles now has a total of 9 courts with 7 new courts opened this past month. The number of players grows daily as more of us realize it is great exercise and fun for all ages and skill levels. We include an article from Forbes that highlights BallenIsles and the pickleball craze.

And of course, keep up with Real Estate Trends and property news from BallenIsles with our comprehensive 2021 Year End sales overview.
  
Have fun you all,
Laura & Tana
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Things to Do
Pickleball excepted from an article by Erik Matuszewski for Forbes

While golf’s popularity soared across the country over the past year and a half, it was actually the No. 2 participation sport in terms of growth at many country clubs, resorts and golf course communities.

Tennis has long been a natural complement to golf, but it’s pickleball that’s seen an explosion of adopters in recent years – both in terms of participants and facilities adding courts. “Pickleball has certainly caught people’s attention,” said Troon President and CEO Tim Schantz. “There are clubs with multiple tennis courts that are converting some of that space into pickleball courts and, given the demand for those pickleball courts, they’re thinking about more. There’s something in the game that combines competitiveness for people that like racquet sports, but also the ability to play at a competitive level for a long period of time. That’s kind of the magic of golf too.”

Phil Mickelson and Matt Kuchar are among those on the PGA TOUR who play pickleball, a sport that combines elements of tennis with badminton and ping pong. It’s played on courts that are a good bit smaller than tennis courts, which is why a number of clubs, resorts and communities have transformed some existing tennis areas into multiple pickleball courts. Others, like BallenIsles Country Club in Palm Beach Gardens, Florida, have sought to expand their pickleball presence in a meaningful way that complements its outdoor activities. In addition to its three 18-hole championship golf courses, BallenIsles has been rated as the No. 2 tennis facility in the country and the posh South Florida club has been the home training ground for Venus and Serena Williams for almost two decades. But while the tennis program continues to thrive, BallenIsles added an entire complex of pickleball courts this year to keep up with the growing craze; in just two years since introducing options as part of a strategic plan, the club saw its number of active and interested pickleball participants almost quadruple.

“It’s been on our radar for so long, but this last year has been a real eye-opener on how much our program has grown,” said Gary Henderson, the Director of Tennis at BallenIsles and former world-ranked player who competed at Wimbledon and as a member of Great Britain’s 1995 Davis Cup team. “People can take to the sport with maybe not an advanced skill level in racquet sports and can immediately play again. You can elevate your game very quickly, to a point where you can compete or enjoy a game of social pickleball with people who have played for many years. And the pickleball community, they fit in with each other very well straight away. You’re seeing such growth because of nature of the sport.”

The synergies between golf and pickleball are significant – from the demographics to the facilities – and are really helping grow the sport, especially at properties like resorts, country clubs and residential communities.
“The momentum it has right now, we wake up everyday and are blown away where the sport is going and where we think it’s going to be,” said Mike Barnes, co-founder of one of pickleball’s leading equipment brands, Selkirk Sport’s. “We don’t see it slowing down anytime soon.”

REAL ESTATE TRENDS
BallenIsles Sales - 2021 Summary

Still in the midst of a pandemic, what a phenomenal yea! Many properties were purchased solely on a FaceTime, quite a few above list price sales and some even without inspection contingencies. Compare this year's total of 142 only MLS sales to 87 total sales in 2020. The trend is astounding with an almost 60% increase in sales over the past year. Inventory is essentially nonexistent with only 1 property currently on the market compared to 34 properties at this time last year. Compare the 2021 $960,207/$930,207 average list/sold price and average cumulative days on the market of 79 to the 2020 average list/sold price $708,038/$645,607 and average market time of 157 days. These numbers are stunning!
It is certainly a good time to reassess your needs and perhaps make a move.
*This representation is based on data supplied by the Realtors Association of the Palm Beaches or its Multiple Listing Services thru 1/10/2022
Laura Cole & Tana Gaskill
561.758.8625   561.389.6838

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