Will Buyers pay more to live in Country Club Estates than River Crossings? A study from The University of Georgia says that they will. Researchers analyzed MLS Sales Data in Baton Rouge, LA between 1984 and 2005 and found that buyers were willing to pay a premium of 4.2% for a property with “country” in the name and an additional 5.1% for the phrase “country club.” Surprised? I thought this article in the Texas Realtor Magazine was very interesting and since I graduated from UGA, had to add it to my blog. It was first published in the June 2011 edition of the magazine.
Swanky Subdivision Names Bring Higher Home Prices