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Redweek's interesting story

taffy19

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I am not a paid member but I do receive their emails for the timeshares I track so anyone can read it. I received this email today.

Here is the story by the author (Jeff Weir) and it is interesting that the re-sale market is up and rentals too. It are not only the big brand-name resorts but smaller independent resorts too but mainly in prime locations.
 
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mjm1

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Emmy, thank you for sharing. Very interesting information on trends and the percentage of owners in the various age categories.

Best regards.

Mike
 

vacationtime1

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How would Redweek know that (quoting from the article) :
  • Timeshare resale closings, overall, are up 46 percent
  • Resales of timeshare weeks rose 47 percent, while points resales increased 35 percent
  • Ninety percent of all resales involved timeshare weeks
Redweek may know whether Redweek-brokered transactions have changed, but they would have no source of information about any other transactions.

How, for example, would Redweek know whether I actually sold the unit in my ad or at what price? How would they now if I rented my unit listed for rent or whether I withdrew it and used it myself?

imo, the purpose of the article was to create "news" that the resale market is red hot in order to induce people to list their timeshares for sale on Redweek.
 
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Weimaraner

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I'm not sure about Redweek's paragraph on the absence of Disney resales on its site. The article says that Disney has an active buyback program that keeps resales off secondary market and keeps prices of resales from falling. But I've always thought there is a very active secondary market through brokers and Disney seems to approval many contracts through ROFR. I don't own Disney but have looked into it for a few years so no expert.
 

theo

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I greatly respect Jeff Weir as one of the most knowledgeable and best writers around regarding timeshares. He has done a great job in recent years covering assorted developer shenanigans and various legal actions initiated against Westgate, DRI and Wyndham, as well as reporting on various after market scams.
That being said, I have serious doubts about the "percentages" Jeff Weir cites in his article; doubts already also expressed in post #3 above.

No source exists on this planet on which to base or cite precise percentage numbers regarding resales. ARDA, for example, doesn't even acknowledge the existence of a resale market, let alone track resale statistics. I have to assume that the cited "percentages" might just be "trends" observed within the (statistically small) universe of RedWeek ads. Interesting reading, but the percentages cited may not be representative of very much in the "big picture".
 
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amycurl

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I think they were clear about the sample data set they used--those closing that used their full-service listings (I,e. The sales they broker, not just their regular, DIY listings.) They were reporting the trends they saw within that dataset. Yes, clearly there might be flaws with that set, but they were transparent about it.


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VegasBella

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From the article:
"To answer these questions, we examined our own internal data for trends. We also consulted top-line timeshare real estate brokers and other industry professionals for their take on the secondary market and where, if anywhere, it is headed."

Perhaps one of the "other industry professionals" was Sharket, which is trying to capture all this resale data through public records.

Also just for the record, I sold a timeshare through RedWeek and did not use full service but when I deleted my ad after I sold it Redweek asked me a couple questions about it. As I recall I gave them the info that I had sold it and I put the amount.


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theo

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I think they were clear about the sample data set they used--those closing that used their full-service listings (I,e. The sales they broker, not just their regular, DIY listings.) They were reporting the trends they saw within that dataset. Yes, clearly there might be flaws with that set, but they were transparent about it.

Fair enough and true, but "full service listings on RedWeek" is an even smaller (and more skewed) subset than I noticed upon first reading.
Just the same, it's still interesting to learn of resale "trends" and changes, even if only within a relatively small and isolated data set.
 
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TUGBrian

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resale activity is always higher in the first part of the year (for TUG anyway)...been that way for 20+ years!

the difference in activity between oct-dec....and jan-march is staggering in terms of traffic/ads posted/etc. id always chalked it up to maint fee bills coming in the mail for the upcoming year always got more and more people to start to think about selling!
 

WalnutBaron

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resale activity is always higher in the first part of the year (for TUG anyway)...been that way for 20+ years!

the difference in activity between oct-dec....and jan-march is staggering in terms of traffic/ads posted/etc. id always chalked it up to maint fee bills coming in the mail for the upcoming year always got more and more people to start to think about selling!
You nailed it, Brian. I'm guessing that not only is the first half of the year the busiest for resales, but the first quarter is by far the busiest of the four quarters for the same reason.
 
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