Brian Bonnenfant, Project Manager for the Center for Regional Studies, College of Business at the University of Nevada, Reno (UNR), was commissioned by The Concerned Neighbors of ArrowCreek (CNA) to do the Analysis of Golf Course Closure Impacts on Home Sales Price Trends study and report. It reviews property values of D’Andrea and Northgate prior to and post golf course closure. You are welcome to review it and draw your own conclusions; however, after the closing of the golf courses, property value trends follow economic trends with no difference noted between those properties adjacent to the golf course and those that are not.
Single‐family properties directly adjacent to the D’Andrea and Northgate golf course land were analyzed for property value trends before and after the closure of their respective golf courses to determine the impacts of the golf course closures on property values. The analysis is based on transactions that occurred between 2004 and 2015 (1st quarter) as reported by the Washoe County Assessor’s Office using the “RDEQuickinfo” file.
Mr. Ron Duncan, leader of the CNA group, presented the just published “Analysis of Golf Course Closure Impacts on Home Sales Price Trends” report to Mr. Sam Fox, President of the ArrowCreek HOA at the ACHOA Board of Directors’ meeting this evening. Final version is available here.
For further reference, other Bonnenfant reports are here:
Annual Presentations to Reno City Council:
Current Regional Economic Overview, April 21, 2015
Current Economic Review 2015 PDF