Royal Vista 195K UDI eBAY sale -- up tick in value?

[vacationhopeful]

Okay, loaded 195K contract with all 2013 Jan-Dec Use Year points and the usual FREE closing ($299+$40 recording fees) went for:

$1750.00

Dang, 7 months ago, I paid for 1,000,000 RV contract a total of $1323.00 and 22 months ago, I paid for a 310,000 RV contract a total of $205.50.

Happy Camper Time!

 

[CO skier]

It is fun to think about, but, like the housing bubble, the prices only count if you actually sell to someone who overpays.

When the next economic downturn arrives, the $1 Wyndhams will return.

 

[Explorer7]

Okay, loaded 195K contract with all 2013 Jan-Dec Use Year points and the usual FREE closing ($299+$40 recording fees) went for:

$1750.00

Dang, 7 months ago, I paid for 1,000,000 RV contract a total of $1323.00 and 22 months ago, I paid for a 310,000 RV contract a total of $205.50.

Happy Camper Time!

Sounds encouraging

 

[vacationhopeful]

Why a SMART or EDUCATED consumer might overpay on a Royal Vista UDI contract?

RV is not part of CWA.
RV is the ONLY totally UDI Wyndham Points resort in South Florida.
RV is on the beach.
RV is the newest Wyndham South Florida beach.

Buyer wants a nice SNOWBIRD home for a week or ten.

Palm Aire is NOT near or on the beach - it is by a golf course on the WEST side of I-95.

Sea Gardens has lots of deeded fixed week owners and is part of CWA.

Santa Barbara is home to many Winter Snowbirds who acquired desirable fixed deeded weeks before CWA existed and after the damaging hurricane (closed resort for several years and totally remodeled). Also part of CWA.

 

[timeos2]

Sounds encouraging

Taking one or two select samples from what is likely to be hundreds a day and saying it is an uptick is reaching. Only 5 years ago it wasn't uncommon to see Wyndham points sold for $.03 - .05 per point. Still a great savings over retail but not the <.01 of today. Of course Wyndham continued their war on resale values and have succeeded in lowering the average sale to that <$.01 figure, in no small part due to the $299 transfer fee among other negatives.

While I'd love to see Wyndham points get the value they represent back (even though I no longer own any) it isn't likely to happen. And this one time sale is an anomaly not any type of trend, unfortunately.

 

[vacationhopeful]

John,
I agree with most of those statements above. I am not seeing as many RV contracts for sale as the other Pompano Beach resorts.

And many of the SB deeds are for Fixed Weeks in the non-Snowbird season. A recent sale of a March 1/2 at SB commanded a $2875 (July auction). And a 84,000 points week went for $1802.77 (a winter studio unit week requires 126K).

PRIME weeks and units are Sea Gardens rare. Points claiming to be SG's are most likely CONVERTED fixed weeks units where the APR is ONLY the underlying unit and week. So, 182K could be a week 6 or week 26 in the Key West bldg. or the Ocean Palms bldg.

 

[CO skier]

Why a SMART or EDUCATED consumer might overpay on a Royal Vista UDI contract?

RV is not part of CWA.
RV is the ONLY totally UDI Wyndham Points resort in South Florida.
RV is on the beach.
RV is the newest Wyndham South Florida beach.

Buyer wants a nice SNOWBIRD home for a week or ten.

Palm Aire is NOT near or on the beach - it is by a golf course on the WEST side of I-95.

Sea Gardens has lots of deeded fixed week owners and is part of CWA.

Santa Barbara is home to many Winter Snowbirds who acquired desirable fixed deeded weeks before CWA existed and after the damaging hurricane (closed resort for several years and totally remodeled). Also part of CWA.

... or the $1750 number could be just as unreliable an indicator as the $5 and $560 in these two "something-not-quite-right" "private listing" auctions for 166K at Royal Vista:

http://www.ebay.com/itm/166-000-WYN...31013983217?pt=Timeshares&hash=item35c981a3f1

http://www.ebay.com/itm/166-000-WYN...30995376586?pt=Timeshares&hash=item35c865b9ca

 

[tug1873]

Better contracts are getting harder to find. I think the price may have bottomed out when rules changed for VIP a few years ago. A lot those points ended up going to people like me who use them now. Years ago I would have been a renter instead.

I wouldn't be surprised if the value goes much higher then it was someday. Wyndham is a great system if you actually use the points. It's very hard to make money renting them with all the extra fees.

 

[massvacationer]

Why a SMART or EDUCATED consumer might overpay on a Royal Vista UDI contract?

RV is not part of CWA.
RV is the ONLY totally UDI Wyndham Points resort in South Florida.
RV is on the beach.
RV is the newest Wyndham South Florida beach.

Buyer wants a nice SNOWBIRD home for a week or ten.

Palm Aire is NOT near or on the beach - it is by a golf course on the WEST side of I-95.

Sea Gardens has lots of deeded fixed week owners and is part of CWA.

Santa Barbara is home to many Winter Snowbirds who acquired desirable fixed deeded weeks before CWA existed and after the damaging hurricane (closed resort for several years and totally remodeled). Also part of CWA.

Linda: These are great points. RV is a great example of a resort that has valuable ARP privileges (UDI, lots of demand during certain months).

There are many resorts in the Wyndham network that have maintenance fees that are average or above, but also come with great ARP.

 

[chriskre]

This is a great resort.
I can see why people would want to own points here.

Sent from my Kindle Fire using Tapatalk 2

 

[RuralEngineer]

Pricing - $1,907 - Grand Desert

http://www.ebay.com/itm/WYNDHAM-GRA...51323638238?pt=Timeshares&hash=item3a840e61de

I don't get the pricing either some go for nothing while others for a couple of thousand. Perhaps chance and patience have a lot to do with it.

Stephen

 

[ronparise]

So far on this thread some have said the uptick in pricing has to do with the individual resort and its ARP, some have pointed to the improving economy, some have said its because low mf contracts in the Wyndham system are in short supply and Wyndham is overall a good system (the best of the best will always carry a premium) and some have said its not an uptick at all, the high dollar sales are an anomaly.

Everybody is right except for the last guy. The fact is prices for Wyndham points contracts have been going up. Im trying to buy the larger, low mf stuff and bid regularly. Here are some recent sales from my ebay watch list :
Dont forget most of these add about $750 closing and transfer, and some get compensation for past maintenance fees the seller paid, which increases the price per point considerably, especially for the smaller contracts

500 Canterbury.............. 5201
182 Flagstaff ................. 1425
300 Palm Aire..................1575
703 Canterbury.................5934
343 Nat Harbor..................2550
500 Smoky Mts.................2175
503 Waikiki...................... 3300
623 Ocean Blvd................4500
829 Oceanside.................3050
479 Oceanside..................2245
210 La belle......................666
182 Pagosa.......................586
294 sedona.......................1500
308 Access........................1525
301 Panama.......................3335
350 Bali Hai.......................3181
1154 National Harbor..........3950
1000 access........................6228
405 ocean walk...................1679

I have millions of points bought over the last three years. at an average mf of $5/1000. My average cost including closing and transfer is less than a dollar per 1000 points. (ie $1000 per 1 million points)

You cant tell me that the above prices dont represent an uptick in prices and I dont care what the reason is

 

[vacationhopeful]

Great observation, Ron.

Most of us follow or watch certain regions or resorts. I know I do. You are more of a across the board consumer of Wyndham resorts. Thanks for noting your view - prices are going up.

And I will added another reason:
The internet usage to buy stuff has become MAINSTREAM and available to many more people. People in general CHECK the internet to buy new cars, price home owners' insurance, seek doctors reviews and buy houses. eBAY and Craigslist are the most popular sites to check for buying all forms of used (and some new) items.

 

[ronparise]

http://www.ebay.com/itm/WYNDHAM-GRA...51323638238?pt=Timeshares&hash=item3a840e61de

I don't get the pricing either some go for nothing while others for a couple of thousand. Perhaps chance and patience have a lot to do with it.

Stephen

That Grand Desert deal would fit right in the list I have in my above post. But there are still deals to be had. especially if you are willing to buy from an unknown seller, or one with a bad reputation, or bid on a deal where there are clear mistakes or omissions in the ad...and sometimes you just get lucky

Like this one

http://www.ebay.com/itm/300931508705?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1438.l2649

 

[bnoble]

Wyndham is not the only corner of the timeshare market seeing some price recovery. I'm seeing this discussion with other systems (and the market in general) both here and OT.

 

[ronparise]

Wyndham is not the only corner of the timeshare market seeing some price recovery. I'm seeing this discussion with other systems (and the market in general) both here and OT.

If this keeps up I have a new retirement plan....instead of buy and hold to rent for income, Ill just sell out and invest the cash in something safe like junk bonds or maybe sell some naked puts

 

[Kidpolska]

Maybe I am a good example of what is going on...I am new to the market and actively looking to buy. I knew nothing of TS two months ago, but after going to a Wyndham presentation and not buying and then doing lots of research on TUG, I decided Wyndham was for us. I know we need 231-308k to meet our goals, and I am willing to pay what some of you might call a "premium" price to go with a "reputable" seller. Even if I wind up spending $5k for my points, it's still a better deal than the $67k Wyndham wanted me to pay. Part of me is considering just using a broker, since I'm not sure that I trust myself on the "due diligence" stuff...

 

[Bigrob]

That Grand Desert deal would fit right in the list I have in my above post. But there are still deals to be had. especially if you are willing to buy from an unknown seller, or one with a bad reputation, or bid on a deal where there are clear mistakes or omissions in the ad...and sometimes you just get lucky

Like this one

http://www.ebay.com/itm/300931508705?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1438.l2649

That really was a great find,and a lesson to the seller to put the number of points in the title.

 

[pier386]

... or the $1750 number could be just as unreliable an indicator as the $5 and $560 in these two "something-not-quite-right" "private listing" auctions for 166K at Royal Vista:

http://www.ebay.com/itm/166-000-WYN...31013983217?pt=Timeshares&hash=item35c981a3f1

http://www.ebay.com/itm/166-000-WYN...30995376586?pt=Timeshares&hash=item35c865b9ca

I believe it was announced 6 months ago or so that RV would now be a part of CWA, there is a thread on here somewhere.

 

[vacationhopeful]

I believe it was announced 6 months ago or so that RV would now be a part of CWA, there is a thread on here somewhere.

I looked around for that and I have checked the NEW Wyndham resorts directory -- Royal Vista is NOT a CWA resort nor is Wyndham Santa Barbara.

Mostly resorts are less desirable with many FIXED WEEK intervals are CWA resorts - like Palm Aire and Sea Gardens. The Santa Barbara resort has gotten great reviews since it reopened - I am a little surprised that it is NOT a CWA resort due to the HIGH foreclosure numbers due to the hurricane damage.

Royal Vista is still SOLD on the 9th floor sales office - I just avoid them like the plague as it is NEVER a good experience. The food is horrible and if you know the layout, you can "dine & dash" without doing the meeting :ignore:.

 

[Myxdvz]

According to this page, Santa Barbara is part of CWA... no?

https://www.wyndhamvacationresorts....enefits/program_benefits_clubwyndhamaccess.go

 

[pier386]

I looked around for that and I have checked the NEW Wyndham resorts directory -- Royal Vista is NOT a CWA resort nor is Wyndham Santa Barbara.

This post said that both have been added to CWA.

http://tugbbs.com/forums/showthread.php?t=186891&highlight=royal+vista

 

[vacationhopeful]

Can't wait for the Royal Vista HOA meeting this winter ... that should be a very big UNHAPPINESS.

 

[Myxdvz]

This post said that both have been added to CWA.

http://tugbbs.com/forums/showthread.php?t=186891&highlight=royal+vista

It seems that the post was copied and pasted from the Wyndham site which does change... So, I wouldn't go with the post, I would go with what's on the site.

 

[ronparise]

This post said that both have been added to CWA.

http://tugbbs.com/forums/showthread.php?t=186891&highlight=royal+vista

Santa Barbara is (limited inventory) according to the website. Royal Vista is not