Summary
John Dixon, the sales director at El Corazon de Santa Fe, tells a similar story as in the past two years: yes, real estate sales are down, but the fractionals business is still pretty active.
El Corazon, a seven-year-old condominium community on Catron Street, offers fractional-ownership opportunities. A one-eighth, undivided-deed (tenancy-in-common) share is available for $130,000 for the smaller units, which are approximately 1,175 square feet. Prices for the larger, 1,750-square-foot units are $185,000.See the full content of this document
Extract
Corazon Fractionals Are Moving
In mid-May, Dixon said they had sold five fractionals in the past four weeks. "People have been revisiting it. We had a couple in the oil industry in Dallas about two years ago, ...
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