Aspen Fractional Sales show Jump in June

The Aspen Times announced that Fractional sales in this exclusive ski resort had actually increased in June this year, bucking the trend for the year to date.

The 17 fractional sales totaled $4,562,800 which was 20% higher than in 2007. The average price of $268k in June was 26% higher than the $213k average for the mid-year to June.

Overall fractional sales totaled $28 million for the half year, according to the article, a drop of 39% compared to the $45.7 million in the first half of 2007. The number of transactions increased slightly to 132 from 129 and so the average sales price dropped from $354k in 2007 to the $213k noted above, a drop of 40%.

The June sales were at 5 different fractionals (or private residence clubs) including the Hyatt Grand Aspen, Roaring Fork Club, Ritz Carlton Club, the St. Regis and the Residences at Snowmass Club. The clubs offer fractions of from 1/20 to 1/4 and provide residences which are mainly one bedroom to three bedroom units, with a few four and five bedroom units.

Aspen is a popular location for both fractionals, often in the form of high end private residence clubs, and destination clubs. The destination clubs with homes in Aspen include Lusso, Quintess, Exclusive, Solstice and High Country Club.