Fractional Property Development Outperforms Steamboat’s Luxury Home Market

January 12, 2010 by Fractional Ownership News ·

Steamboat’s Most Desirable Year Round Neighborhood Boasts Six Sales in Only Six Months

The Porches of Steamboat Springs, Colorado, announced today that it is foremost in the luxury home market in Steamboat Springs, accounting for nearly half of whole and fractional sales of residences with square footages over 4,000 square feet and attracting interest from a multitude of second home buyers across the country. Over the last six months, the Porches has made six sales; three fractional interests in the Private Residence Club and three whole ownership units, one of those being a preconstruction purchase. This level of activity is unparalleled in the current marketplace and reflects the Porches exceptional product offering.

“Our sales success this year is somewhat surprising given the tough economic climate,” said Bruce Shugart, developer of The Porches. “But we have remained true to our vision, emphasizing three core tenants: quality craftsmanship, exceptional service and attention to detail. Delivering on this promise has enabled us to remain viable during the downturn.”

The Porches is Steamboat’s premier community for families looking to create lifelong memories. Located at the base of the ski resort, The Porches redefines the term “luxury” in the area, offering whole and fractional ownership as well as nightly rentals in one of the country’s hottest mountain destinations. Residences offer four to five bedrooms and bathrooms, large gourmet kitchens, personal game room, cozy fireplaces, flat screen TVs and a bunkroom for the kids.

As demand persists into 2010, The Porches plans to continue the construction of additional residences and is in the process of building additional units. Currently, there are two whole ownership opportunities available as well as fractional units in three floor plans: Cottonwood, Blue Spruce and Ponderosa.

For more information visit www.theporches.com or call 866.500.6673.

For information on advertising and editorial opportunities with Perspective Magazine & Owners Perspective Magazine; the leading independent B2B & B2C magazines for the fractional and shared ownership industry visit www.perspectiverates.com

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Tags: Colorado, Fractional Homes, Fractional Ownership, fractional property, luxury home market, private residence club, Steamboat Springs

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