Chris,
No, the national average per NGF is 35% homeowner buy in. This points to a potential problem: is the golf community offering a product of interest to this 35%? Given that the bulk of the 5000 course built in the U.S. in the last 20 years were residential it would seem that we have a built in target market to mine.
Yes we have an usually low average age and it's something we cultivate. We are currently drafting a membership plan to attract 20-somethings.
We took our club early from the RE developer last July so the fun has already started for us!
- Peter