It isn't real estate. Its a bastardized product without real demand
I guess we're all entitled to our own opinion. I choose a more positive outlook and really see nothing to support the fact that OP values will, or could fall to the 9-11K range.
There are very few if any resorts that compare with OP on the eastern coast of Florida.
Granted nothing is impossible but if a jewel like OP ever sunk that low, what would the remainder of the market be worth? I shudder to think.
Mike
The whole issue with the timeshare market is that it has no relationship to what it appears to be - real estate. The fact that a resort has a great location, may be beautifully designed and maintained, has high end features and much more - which would make it worth plenty and most likely a candidate for appreciation in a true real estate market - holds almost no power to influence pricing as a timeshare.
Why? Because every timeshare carries limitations of ownership, use and resale that shackle its value far below what it would cost if it were whole ownership. Plus it is tied to a different form of operation that effectively ties owners to high fees they are obligated to pay but have virtually no control over with so many owners involved.
So while it should make sense that a modern, well maintained resort in a prime location should carry a resale value far higher than a run of the mill, standard maybe inland located one in the majority of cases they are effectively lumped together as a generic, not so complementary, "timeshare". To some degree it is understandable as the factors above - high annual costs, low control, developer games with resales - work against good resale value. Combined with the fragmented nature of timeshare resale, the scams that are so prevalent and a week that someone paid $35K for a year ago resells at market for $9-15K even as some uninformed owner paid a corrupt group $3900 "to be rid of my timeshare". All for the same use rights/week.
Some locations and resorts have more value than others but none are gaining, most are losing and the bottom is nowhere in sight. I really wish there was a relationship between the quality/location of resorts and what they resell for but the cold hard truth is no matter what is paid, what work is done and how well respected the property may be it competes in a totally oversold world where supply outnumbers buyers about 100 to 1 or worse. In that environment, as well as the overall deflated economy, no resort or group is able to hold value. Thats just the way it is. Buy right on resale, hope for value for your annual fees, hope you can sell it without too much trouble when you need to is about all you can hope for in timeshare. It is NOT real estate it is vacation purchase. The prices and lack of resale values reflect that undeniable fact.
