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Fractional Market At a Glance

Three hundred fractional-owner-ship projects, including the more upscale private residence clubs, were identified in the 2008 Ragatz Associates survey, considered the most thorough and comprehensive in the industry. Of the 300 developments,153 are currently in active sales, while 147 others are older. sold-out projects. Nearly three quarters of all projects are in the U.S., with the balance in Canada, the Caribbean and Mexico. Colorado, California and Florida contain more than a quarter of all developments, according to the survey.

Prices in the deeded, shared ownership market range widely the Ragatz study shows. Obviously, the cost depends on the size of the fraction -- the number of weeks purchased. To balance this. the Ragatz study determined an average price per week. For fractional interest projects, the average price was $23,280 per week. For the more exclusive private residence clubs, the average was $71,990 per week. However, per-week prices tend to decrease as the size of the fraction increases. Prices per square foot vary significantly by country. Ragatz says, In Canada, for example, the average is $590 per square foot: in Mexico, $660: in the Caribbean, $1,465: and in the US., $1,485. Prices generally are higher in ski communities and those offered by luxury hotel companies, the study says.

The Ragatz survey assumes that properties selling for less than $1,000 a square foot fall into the fractional-interest category, and properties selling for more than $1,000 per square foot are private residence club. Annual maintenance fees average $7,835 per share, ranging from $5,135 among fractional interest projects to $10,290 among private residence clubs. It is estimated that 50,000 households have purchased shared ownership properties.