APRIL 6, 2010 UPDATE: Compare these MarketWatch numbers to the numbers from the 2010 The Shared Ownership Resort Real Estate Industry report by Ragatz Associates released last week, and it's interesting to note that the sales volume for the fractional ownership industry was still an impressive $860 million in 2009. In general, experts in the resort real estate industry believe that shared ownership resort real estate will rebound more rapidly and strongly than whole ownership as the economy recovers.
According to MarketWatch today, sales of vacation homes rose 7.9 percent in 2009. It was the first uptick in sales in the vacation home sector since 2006, reported the National Association of Realtors' Lawrence Yun, chief economist for NAR, in a news release:
"The typical vacation-home buyer is making a lifestyle choice, with nine out of 10 saying they intend to use the property for vacations or as a family retreat," said Yun.
These numbers underscore The Élan Collection mantra: buyers who are in the market for a vacation home value their experience and their time just as much as their money. Fortunately for them, The Élan Collection is not only committed to creating memorable vacations, but also redefining the luxury vacation home ownership experience by bringing the benefits of shared interest home ownership to the exclusive world of private residence clubs.
Are you encouraged by the 2009 sales numbers from NAR? Why or why not?
No comments:
Post a Comment