Pacaso, a marketplace for the co-ownership of vacation homes, claims that shares of its properties have significantly outperformed the broader luxury residential market in its key regions, according to a recent analysis by RCLCO, a real estate consulting and economics firm.
The research study reveals that shares of Pacaso homes have “achieved a Compound Annual Growth Rate (CAGR) of 9.7%, outperforming their respective markets by an average of 4.7%.”
RCLCO’s comprehensive analysis compared “the historical resale performance of shares of Pacaso properties with the average price appreciation of the luxury residential market within the same municipalities across Pacaso’s highest yielding resale markets.”
The top 10 analyzed markets where Pacaso saw the most appreciation include Napa-Sonoma, Malibu, Lake Tahoe, Vail, Charleston, Park City, San Diego, Newport Beach, Palm Springs, and Miami-Fort Lauderdale.
RCLCO reviewed transaction data for “cities and municipalities with Pacaso homes, specifically looking at properties valued at $1 million or more.”
Austin Allison, CEO and Co-Founder of Pacaso, said that Pacaso has “set a new standard” with resale values doubling the average market rate.
With a growing demand for the unique co-ownership model, many Pacaso homes have an extensive waitlist of eager potential buyers, with “more than 91% of Pacaso homes with substantial waitlists.”
RCLCO analyzed Pacaso‘s resale performance “using data provided by Pacaso, including initial offering prices and subsequent resale prices, to calculate the Compound Annual Growth Rate (CAGR) for each property.”
RCLCO compared this with third-party real estate transactional data “from Zillow and Redfin to determine the annual market appreciation for luxury residential properties in the same regions.”
