The eleventh annual Ragatz survey of shared-ownership resort real estate in North America covered 331 fractional interest projects and private residence clubs, along with five destination clubs.

Ragatz Associates simply assumes that product selling for less than $1,000 per square foot falls into the fractional interest (FI) category, and product selling for more than $1,000 per square foot falls into the private residence club (PRC) category. Of the 331 developments, 104 actually made sales in 2010, as did all five destination clubs.

The survey estimated that total sales volume in the shared-ownership industry in 2010 was $530 million. This amount includes new closed sales, presales, and resales. Broken down as follows:

The total sales volume decreased from $860 million in 2009 a drop of 38 percent. Decline occurred with all three components, including 29 percent for fractional interests, 53 percent for private residence clubs, and seven percent for destination clubs.

The average annual sales volume in the 104 active projects was $1.2 million for fractional interest projects and $3.4 million for private residence clubs. However, if the top six private residence clubs are excluded, the latter figure would decline to $2.3 million. Of the total 104 active projects, six percent had sales over $10 million, while 34 percent had sales of less than $1 million.