Ragatz Reports Fractional Resort Sales Rise Slightly in 2025

The annual survey of private residence clubs and fractional real estate interests from Ragatz Associates shows total sales of about $346m in 2025. This amount includes new closed sales, presales, and in-house resales at fractional resorts and developments and is a slight increase from the $333m in 2024. 

The split of these 2025 North American sales is shown in the table below:

Ragatz estimates that of the $346 million, 65.6 percent was from new closed sales, 13.0 percent was from presales, and 21.4 percent was from developer resales, and these sales represented about 800 shares.

For these numbers, Ragatz simply assumes that product selling for less than $1,000 per square foot falls into the fractional interest category, and product selling for more than $1,000 per square foot falls into the private residence club category.

The fractional resort sales saw their peak years back in 2007, sales of $1,687m, and 2008, $1,187m. Sales were then relatively level from 2010 to 2020, averaging $234m per year but then bumped up to $624 million in 2022 and to $580 million in 2023.

To calculate these numbers, Ragatz reached out to 340 fractional interest projects and private residence clubs (prc). Of the 340 developments, only 25 actually made some sales in 2025. Most of the inactive developments are older, sold-out fractional interest projects. Of the 25 active developments, 11 are fractional interest projects (product selling for less than $1,000 per square foot) and 14 are private residence clubs (product selling for more than $1,000 per square foot ). 

The Ragatz report says that "In 2025 the average shared-ownership development had a sales volume of about $13.8 million, or about $1.2 million per month," but adds "The 2025 figures decrease to $7.2 million and $600,000 if excluding one dominant company." The top-selling private residence club is estimated to have sold $175m in 2025, with four others selling over $10m, and these are all in prime destinations where prices for whole-ownership residences have traditionally been high and inventory scarce.

Note that in 2023 the private residence club sector saw sales of $525m, with three developments having sales over $150m.

The most common share size in the fractionals is 1/8th shares, which represent over 50% of the market, and for the prcs is 1/8th to 1/10th (so about 5 to 6 weeks of use each year), and again is about 50% of the market. 

The most popular sizes of units in the shared-ownership industry are two- and three bedrooms in fractional interest projects and three- and four-bedrooms in private residence clubs, and the average shared-ownership project will contain about 30 units.

Prices vary widely between projects. For fractional interest projects, the average prices are $195,000 per share, equivalent to $31,725 per week - this is a significant decrease from prior years. For private residence clubs, these averages are $671,350 per share, $104,650 per week. Annual maintenance fees average $5,600 for fractional interest projects and $17,050 for private residence clubs.

The full report, with more detailed analysis, is available at the Ragatz Associates website for $300.

Note, the Ragatz Report covers resort type developments with multiple fractional units in one location, and as stated above the average shared-ownership project will contain 30 units. It does not cover the various forms of shared ownership of standalone "one-off single-family homes or at developments with less than five units." The latter include residence funds or equity destination clubs, like Equity Residences and Destination M, that buy and share multiple homes amongst owners, and newer programs, like GoForth or Pacaso that enable sharing of individual homes.