Fractional Sales More Than The Whole

Last week, Stan Tonkin, Vice President of International Marketing and Sales of The Elan Collection, shared some good news and sales data about luxury high-end shared ownership or fractional homes with our residential specialists. For the first time in 2009, luxury fractionals in Pitkin County, Colorado (where Aspen is located) actually surpassed high-end luxury home sales by a 20 percent margin. See the full story in the Aspen Times, here.

"It's an astounding statistic that supports what we've believed all along," notes Tonkin. "Buyers of high-end vacation homes see the benefits of shared-interest ownership. They know that they won't actually use a vacation home for more than four weeks a year. Shared ownership gives them the same realistic use, in a residence that meets their expectations, at a fraction of the cost of whole-ownership."

The Elan Collection is already being received worldwide as a unique and fresh redefinition of the private residence club concept by industry experts, real estate professionals and buyers. New properties continue to be added to the network on a regular basis, with many more to come on line soon... including (TEASER ALERT!) a grand wine-producing estate in Napa Valley and a Mediterranean classic on the famous 17 Mile Drive in Pebble Beach. Keep an eye on the web site www.ElanPRC.com for new residences, as well as our Facebook Fan Page and Twitter profile each week.