Fractional Life: Ragatz Half-Year Report Shows Positive Signs for Ultra Luxury Fractional Market

Fractional Life recently reported that fractional consultant Richard Ragatz has released a half-year report for the fractional and PRC market in the U.S., Canada, Mexico and Caribbean. According to the article, the "total sales volume in the shared ownership resort real estate industry (excluding destination clubs) during the first six months of 2010 was about $175.1 million," down from the same period a year ago. However, Ragatz also hinted that the market is showing small signs of recovery at the upper end.

"It appears that the bottom may have been reached and demand is beginning to pick up--at least at the high-end PRC level," noted Ragatz.

Fractional Life also reported that the "projects which achieved the most encouraging performance included those at the higher-price PRC level; those in Colorado and the Caribbean... and those in prime destination resort communities such as Aspen, Vail, New York City, Maui and Los Cabos."

What does this news mean for The Élan Collection? The company's Stan Tonkin, Vice President of International Marketing and Sales, had this to say about the report: "While we continue to watch the overall shared ownership market's activity closely, we are buoyed by the Ragatz Report's findings for a number of reasons. First, we operate at the upper echelons of the luxury market--which have not been as impacted by the recession. And secondly, we are adding properties in many of the prime destination resort communities mentioned by Ragatz. So we feel particularly optimistic about the opportunities for The Élan Collection moving forward."

The Élan Collection recently added a modern, 14-acre riverfront property in Aspen to its portfolio, which already includes a stunning private estate on an acre of prime beachfront in the Turks and Caicos Islands. The Élan Collection is also currently searching for the most desirable properties in New York City, Hawaii, Cabo and Montecito, Calif.