With the boom and bust of real estate and the economy over the past 8 years, Racquet Club properties values have been in flux.  After peeking in 2006, the prices have been on a steady decline until this year.  After what appears to be the bottom in 2009, we’re  now starting to see prices starting to inch their way back up as per the graph below.

Racquet Club Road Estates Sales History

Interesting to note, is that the higher end of the market has still declined somewhat in 2010, with $450,000 being the highest priced home sold recently.  This however, is starting to change as well.  Currently there is a home in escrow in the high $500,000′s that is expected to close soon. 

Racquet Club - Price per square foot sales history

The average price per square foot for a home in Racquet Club, is still low compared to at the peak of the market.  However,  as noted on the graph, this number is starting to increase as well..  Buyers are recognizing the value in Racquet Club right now, and thus sales have been brisk.  With the addition of the strong Canadian dollar, there has been a recent resurgence of interest of buyers for Mid-Century homes in the past six months, and showings in the Racquet Club Road Estates neighborhood.

If you’re thinking of selling your home in Racquet Club, or know of anyone looking, please feel free to contact me.  I’m the neighborhood real estate expert, and happy to help anyone with Racquet Club Road Estates properties.