Pickleball and its Future Effects on the Real Estate Market
According to a report from USA today, Florida has emerged as the third most fervent state in terms of pickleball enthusiasm nationwide.
This conclusion was drawn from a comprehensive study conducted by SolitaireBliss, a prominent gaming website, which analyzed Google trends and search queries related to pickleball over the span of one year. The study revealed that Florida ranked higher in search interest compared to 47 other states, positioning it behind only Hawaii and Massachusetts in terms of pickleball ‘obsession’.
Since 2016, the state has been hosting the esteemed US Open Pickleball Championships, held in Naples each year. This highly anticipated event attracts a diverse array of participants and spectators alike. Last year, Southwest Florida witnessed over 35,000 spectators come to watch the talents of 3,000 players competing over the course of a seven-day period. The championship includes five professional-level categories: men’s and women’s singles, men’s and women’s doubles, and mixed doubles. Regarded as the largest event in the pickleball community, it undeniably contributes to the sport’s popularity and recognition within the region.
Much like golf, pickleball is a fun activity that gets people up and active without the strenuous effects most sports have on the body. With its blend of physical activity, social interaction, and entertainment, pickleball has become more than just a sport; it has become an integral part of the Florida lifestyle and a catalyst for real estate growth in the Sunshine State.
Florida’s newfound obsession with pickleball has managed to transform the Florida property market in numerous ways. As pickleball courts become a sought-after amenity, property demand has surged, leading to increased property values and community development focused on active and vibrant living. Additionally, the incorporation of pickleball facilities in leisure amenities enhances Florida’s appeal for residents and retirees, bolstering the tourism industry.
According to the Association of Pickleball Professionals (APP), almost 20% of all pickleball players in 2021 were aged 55 and up. The sport is seeing remarkable attention from younger crowds as well, with the majority of players (28.8%) falling between the ages of 18 – 34. The sport is attracting people from all age groups, specifically those looking for other ways to get active and socialize. We see a common trend with people moving from different areas of the country looking for homes which accommodate more active lifestyles.
As pickleball continues to rise in popularity, its influence on real estate in Florida becomes increasingly significant. Both stakeholders and observers should recognize this correlation, as it may present a harbinger of similar trends in other regions or for different recreational activities. Understanding such patterns can provide valuable insights for decision-making in real estate development, investment, and sales. By working with Michelle Thomas and our team of expert real estate agents, you can stay informed about market trends and make confident decisions in this thriving Florida real estate market.