Newsletter - Volume 3. 2009  

Global Quarters, Inc.  

March 2008 was an eventful month for Fractional Ownership -

Ragatz Associates Conference held at the San Francisco Fairmont Hotel

Ragatz Associates conducted their 8th annual edition of a survey on the Fractional Interest/shared-ownership/use and Resort Real Estate Industry in North America and is thought to be the most comprehensive survey conducted of the industry.

Global Quarters was in attendance and the highlights of the conference were very positive. Industry leaders spoke on every subject relating to fractional ownership from Attorneys, Developers, Financiers, External exchange companies to Designers.

Dick Ragatz states the following top 10 statistics from his Annual Survey for Fractional Ownership Interests in North America, Canada, the Caribbean and Mexico;

The survey found that the overall sales volume in the fractional interest industry in 2007 was $2.3 billion.

This shows an increase of 8.3% from 2006.

The survey identified 300 fractional interest projects and private residence clubs plus 21 destination clubs. Of the 300 fractional developments, approximately half are sold out and 153 are currently available in active sales.

The average annual sales volume for Fractional Interest (FI) was 485 Million, 1.2 billion for Private Residence Clubs (PRC) and 610 million in Destination Clubs. Private Residence Clubs saw the most significant growth in 2007 mostly due to more projects being added. There are still a limited number of units and most of them are two and three bedroom units.

We have seen decreasing prices for FI (-9%); increasing prices for PRC's (+6%) per square foot.

We saw some mixed reaction about performance in 2007 although most say they would purchase again.

The survey shows there is significant interest in the concept.

Buyers state they have high satisfaction with their purchases .

It is estimated that 50,000 households have purchased shared-ownerships, representing 1.5% of all households in the U.S. with incomes over $200,000.

The Ragatz survey concludes there is a huge amount of market potential untapped.

Ragatz Associates, founded by Dick Ragatz in 1974, is an international consulting and market research firm to the resort industry. The firm has conducted nearly 2,000 studies for resort developments in 48 states and over 70 countries. You can read more about their firm www.ragatzassociates.com

Attorney, Andy Sirkin Presentation in San Francisco

D. Andrew Sirkin presented a Fractional Ownership Workshop in San Francisco on March 20 - attendance was high and Mr. Sirkin spoke for approx 90 minutes on the subject of Fractional Ownership properties. To learn more about the legal structure of vacation fractional ownership or any type of co-ownership properties check out www.andysirkin.com; this is a wonderful resource. This event was co-sponsored by Global Quarters.

New Listings Coming Soon to GlobalQuarters.com
 

UNITED STATES

CALIFORNIA

Alexander Valley - Healdsburg, California
The Ranch at Soda Rock

Be a part of one of the first fractional ownership homes in the world to include a boutique winery, an award winning managing winemaker and a biodynamic and organically farmed vineyard, vegetable and flower garden. The winery will produce 8-10 cases annually of estate-grown wine for each owner and will be bottled under a private label by, the well-known Napa Valley winemaker, George Vierra.

2,400 square foot, 3 bedroom, 3 bath, ranch style home, gourmet kitchen, A 20'x40' salt water (eliminating use of pool chemicals) swimming pool - overlooking the vineyards and mountains .

Available in 1/10 shares

WYOMING

Jackson Hole - Teton Springs, Wyoming

5,000 sq. ft. Custom built home 5 bedrooms, 4.5 baths, gourmet kitchen, large game room, loft, office located on the 2nd fairway hole with mountain views on every side of the home. Available in 1/6th shares

Jackson Hole -Teton Springs, Wyoming

3600 sq. ft. Custom built Cabin - 4 bedrooms 4.5 bathrooms, gourmet kitchen and kitchenette, backs up to the Targhee Forest. Available in 1/6 shares

Both of these homes include membership to the Teton Spring Resort facilities, which include pool, tennis courts and workout facilities and spa. Various levels of Golf membership are available depending on your interest.

FLORIDA 

Miami Beach - Watson Island, Florida

Luxurious Residences - 2-4 bedrooms, surrounded by water and towering over the Cities of Miami and Miami Beach. This island property is the first of its kind in North America to offer a Super Yacht Harbour at the Marina. Take advantage of the joyous and carefree marine setting by utilizing a speedboat service available to ferry you to the nearby Miami Beach and Bayside marinas.

HAWAII 

Kona - Hawaii

New luxury home in Paradise on Kauai's North Shore.

The Makai Golf Course is located on one side, and lush tropical forest on the other.

1,825-square-foot split-level residence; you will be struck by the wonderfully spacious feeling, two master suites and a third bedroom/den, each with its own full bathroom and each on its own separate level, allowing for optimum convenience and privacy. The large, open main living area, beautifully designed gourmet kitchen is a chef's delight. Each villa has its own one-car garage, designated outdoor parking space, and private lanais. Relax by the heated pool and Jacuzzi and soak up the balmy tropical sunshine.

Available in 1/6 shares.

INTERNATIONAL

Please visit our website to learn about the five incredible properties in the heart of Paris currently available: www.globalquarters.com.

Fractional Education

Global Quarters, Inc. is offering many opportunities to join us and learn more about Fractional Ownership. We have custom designed classes for both the consumer and the real estate professional. Please see our list of upcoming classes for real estate professionals below and check our website often as we will be scheduling more each week.

Attention Realtors: We have built a special section on our website with you in mind.

North Bay Association of Realtors

Fractional Ownership, the Smart Vacation Home Ownership Option!

May 29th, 2008 - Santa Rosa

We hope you enjoyed the newsletter and the information it provides. If you have any questions or would like to speak with me personally, please do not hesitate to call707.292.7505.   

Global Quarters is adding new listings weekly to our website.  If you have not checked in for a while please bookmark us and visit as often as you like.

For more information on any of our properties call or email:

Paula Gold-Nocella

866.303.6621

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