[ 2008 ] SVO eBay Sales

[grgs]

WMH 2 bd EY Plat for $1,009--ouch!

Went for $1,009:

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=260657955378&ssPageName=STRK:MEWAX:IT

I saw this one about an hour before the auction's end and assumed it would go up. Probably a good thing I was unavailable to watch the last few minutes, or I would have been tempted.

Glorian

 

[nodge]

EY WMH Platinum 2 BR L/O $595.55

Went for $1,009:

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=260657955378&ssPageName=STRK:MEWAX:IT

I saw this one about an hour before the auction's end and assumed it would go up. Probably a good thing I was unavailable to watch the last few minutes, or I would have been tempted.

Glorian

That's a "relisting" of this ebay listing where I suspected shill bidding was involved. The seller made me, the second place finisher in that auction, a "second chance" offer of $2850, and refused my counter-offer of $2200. Now I'm really, really glad that deal fell through.

Oh yeah, this 2BR L/O Platinum Annual WMH's auction just ended too ($595.55).

How low will they go?

-nodge

 

[vacationtime1]

WKORV-North OCEAN FRONT Annual - $14,000

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=160483881235&ssPageName=STRK:MEWAX:IT

This unit was mis-labeled as ocean view. If it truly was unit 530506 as advertised, it is ocean front and someone got a steal.

It was a "buy it now/best offer". The first time it was listed, no one bid and the listing expired. This was a relisting.

 

[PamMo]

$14,000 annual OF at WKORVN? Yes, that was the unit and it was an oceanfront 2BR. I wasn't the buyer, but I was interested in it and verified the information with the seller. FYI, several oceanfront units have passed ROFR at that price (and even lower) lately. Bad news for people trying to sell now, neutral for buyers. The question still remains...how low will prices go?

 

[CanadianLawyer]

Went for $1,009:

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=260657955378&ssPageName=STRK:MEWAX:IT

I saw this one about an hour before the auction's end and assumed it would go up. Probably a good thing I was unavailable to watch the last few minutes, or I would have been tempted.

Glorian

Right now anything without StarOptions is going for practically nothing unless the buyer just doesn't know what they are doing. Anything with Staroptions is going for slightly above nothing, but not much above.

 

[DeniseM]

Just to clarify - no Starwood resales have Starpoints (hotel points.)

A handful have Staroptions.

Most timeshares with Staroptions are still selling for thousands of dollars, except for Sheraton Vistana Villages - which has a poor MF to SO ratio.

 

[DanCali]

Most timeshares with Staroptions are still selling for thousands of dollars, except for Sheraton Vistana Villages - which has a poor MF to SO ratio.

If MF/SO ratio was the only criterion determining resale prices, WKORV would sell for less than SVV because it has a worse ratio...

Other things like the location of the resort, MF stability, and the cost to rent comparable accommodations at that location (relative to MF) also affect the value. The latter probably hurts SVV most since II getaways are much cheaper than the cost of MFs and they are available for most weeks of the year. The only reason to pay anything for SVV is its mandatory status and making Staroptions exchanges. The value of usage of the resort itself is negative given the high MFs... (an owner can always rent for less in Orlando, and not just from another owner)

 

[DeniseM]

I'm sure you are right Dan, but if the MF - Staroptions ratio was comparable to say, WKV, these weeks wouldn't be going on ebay for $1 - with no bids. If the MF wasn't out of line, people would buy them just to use for traders and never visit the resort, or care about rent, etc.

Bella/Key West - 2 bdm. lock-off = 95,700 staroptions - MF = $1,543.

WKV - 2 bdm. lock-off = 148K staroptions - MF = $1,237​

 

[vaterp37]

Just out of curiosity - does anyone have any idea why SVV MFs are so out of line compared with the Orlando area? Trying to understand SVO's rationale. I imagine the fixed costs like running and maintaining the property are all relatively comparable across resorts in the area. Are there variable costs at SVV that make the increased MFs logical?

 

[DeniseM]

Mostly because Starwood has a strangle hold on the Board of Directors. In a new phase like this, 4 out of 5 of the directors will be Starwood employees.

 

[DanCali]

Just out of curiosity - does anyone have any idea why SVV MFs are so out of line compared with the Orlando area? Trying to understand SVO's rationale. I imagine the fixed costs like running and maintaining the property are all relatively comparable across resorts in the area. Are there variable costs at SVV that make the increased MFs logical?

The odd thing is that different phases at the same Starwood resort have very different MFs. In particular, the (mandatory) Bella and Key West phases have MFs much higher than the (voluntary) Amelia and St. Augustine phases. Makes you wonder ...

Until 2009 SVV Bella and Key West MFs were growing relatively fast, but were not that much higher than comparable Marriotts, especially the non-lockoff 2BR which is a bit smaller. In 2010 there was a big jump in MFs at many resorts of 30%+ which Starwood attributed mainly to the economy and MF delinquencies. SVV Bella and Key West were hit among the worst and resale values plunged accordingly...

 

[pathways25]

$14,000 annual OF at WKORVN? Yes, that was the unit and it was an oceanfront 2BR. I wasn't the buyer, but I was interested in it and verified the information with the seller. FYI, several oceanfront units have passed ROFR at that price (and even lower) lately. Bad news for people trying to sell now, neutral for buyers. The question still remains...how low will prices go?

I actually got this one. Unfortunately, Starwood has exercised its ROFR.

Oh well...

 

[PamMo]

I actually got this one. Unfortunately, Starwood has exercised its ROFR.

Oh well...

So sorry to hear you didn't get that one. I was able to squeak through ROFR with a similar unit under $14,000, but had to pay 2010 MF's. Luckily, I was able to use a week at Harborside and a week at Princeville this year. I think passing ROFR all depends on if Starwood has a buyer when the paperwork comes across their desk. They sure took their time giving me their decision on ROFR when we bought.

 

[DavidnRobin]

WKORV and WSJ sales

The thread discussing PCCs on eBay - made me take a recent look on eBay for completed sales (Westin).

WKORV 1Bd (81K SOs) EOY with 2010 MFs due -$1525 - Sept 30, 2010
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=180565013676

This was from a reputable TS broker/closing company (and DNFC)
this resale price is 10% of the resale price just a couple of years ago - and much much less that the original SVO price. This has a ROFR, and unknown if SVO picked it up.

also from same seller...

WSJ-VG studio (week 44, #3314, 44K SO) - $152.50
http://cgi.ebay.com/ws/eBayISAPI.dl...b%2F1DA%3D&viewitem=&sspagename=STRK:MEWAX:IT

No ROFR for WSJ-VG. It appears like the seller listened to advice here on TUG and actually had correct info for this WSJ villa (including check-in day, taxes...) - good job

 

[mstoyanov]

DavidnRobin the first auction is for 1BR Even year usage and requires payment of 2010 MFs with almost no way to use that ownership this year so in reality the price is ~$2600 (not that it matter that much but still $1525 is misleadingly low). On top of that there is no way to know if Starwood will exercise ROFR at that price.
As for the WSJ - that is simply a function of out of control MF. $2k yearly (plus back taxes) is excessive for studio no matter where. MFC has less MF for 2BR (different island I know but still in the same area).

The thread discussing PCCs on eBay - made me take a recent look on eBay for completed sales (Westin).

WKORV 1Bd (81K SOs) -$1525 - Sept 30, 2010
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=180565013676

This was from a reputable TS broker/closing company (and DNFC)
this resale price is 10% of the resale price just a couple of years ago - and much much less that the original SVO price. This has a ROFR, and unknown if SVO picked it up.

also from same seller...

WSJ-VG studio (week 44, #3314, 44K SO) - $152.50
http://cgi.ebay.com/ws/eBayISAPI.dl...b%2F1DA%3D&viewitem=&sspagename=STRK:MEWAX:IT

No ROFR for WSJ-VG. It appears like the seller listened to advice here on TUG and actually had correct info for this WSJ villa (including check-in day, taxes...) - good job

 

[DavidnRobin]

sorry - I missed that - should have more closely check - I will update. Still a good price, and these were selling for $15K not that long ago...
It is possible to get 2010 usage since the sale closed Sept30, but I hear what you are saying - and I did mention the ROFR - this is always unknown unless the very small chance mentioned here in TUG.

of course someone is renting a WKORVN OF for $700 on the LMR board - that is truly a great bargain for those that can travel soon...

btw - I own 2 weeks at WSJ... both resale... and I pay my MFs - the MFs have gotten out of control BUT the current MFs reflect a 50% increase in the RR (for 3 years) that went to a complete refurbish (which was too costly, but worth IN OUR OPINION - esp Robin). I would call it a SA, but afraid to get my head bit off... lol

 

[TheUnitrep]

Deleted by The Unit Rep after it was no longer relevant to thread

 

[K2Quick]

SDO 2-Bed 1-52 Annual First Use 2012 - $1,458

http://cgi.ebay.com/ws/eBayISAPI.dl...pItT3Ys%3D&viewitem=&sspagename=STRK:MEWAX:IT

Prices seem to have recovered for 2-bed SDO units. This price is consistent with other recent 2-bed 1-52 auctions. I recently sold my 2-bed unit through the TUG classified for a bit less than that. Maybe I should have just rolled the dice on ebay (actually I'm happy with what I got since it was sold to a very reputable broker who made the process effortless for me).

 

[K2Quick]

SDO 2-Bed 1-52 Annual First Use 2012 - $1,458

http://cgi.ebay.com/ws/eBayISAPI.dl...pItT3Ys%3D&viewitem=&sspagename=STRK:MEWAX:IT

Prices seem to have recovered for 2-bed SDO units. This price is consistent with other recent 2-bed 1-52 auctions. I recently sold my 2-bed unit through the TUG classified for a bit less than that. Maybe I should have just rolled the dice on ebay (actually I'm happy with what I got since it was sold to a very reputable broker who made the process effortless for me).

Okay, so the pricing is a little random. Yesterday, the same unit (except usage and fees start 2011) ended with one bid and $197 plus closing. Even if the MF for 2011 were thrown away, this is still cheaper.

http://cgi.ebay.com/ws/eBayISAPI.dl...witem=&sspagename=STRK:MEWAX:IT#ht_3399wt_905

 

[ada903]

The MF are not thrown away at all - you can lock it off and deposit it with II until Dec 31st, and have two years to get two exchanges.

Okay, so the pricing is a little random. Yesterday, the same unit (except usage and fees start 2011) ended with one bid and $197 plus closing. Even if the MF for 2011 were thrown away, this is still cheaper.

http://cgi.ebay.com/ws/eBayISAPI.dl...witem=&sspagename=STRK:MEWAX:IT#ht_3399wt_905

 

[tschwa2]

Westin Kierland 1-Bed Platinum 81,000 SO's Annual First Use 2012 - $6,100 +$499 closing cost. 5/31/11 ebay

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&_trksid=p4340.l2557&rt=nc&nma=true&item=330568626771&si=kK2pY3Zln%252F24vba8r5yhU2mVou8%253D&viewitem=&sspagename=STRK%3AMEWAX%3AIT

 

[VacationForever]

The MF are not thrown away at all - you can lock it off and deposit it with II until Dec 31st, and have two years to get two exchanges.

YEP! Guess who bid on this one! :whoopie:

 

[vacationtime1]

Westin Kierland 1-Bed Platinum 81,000 SO's Annual First Use 2012 - $6,100 +$499 closing cost. 5/31/11 ebay

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&_trksid=p4340.l2557&rt=nc&nma=true&item=330568626771&si=kK2pY3Zln%252F24vba8r5yhU2mVou8%253D&viewitem=&sspagename=STRK%3AMEWAX%3AIT

This one is mine -- but only if and when the estoppel checks out. They have given me two incorrect documents so far. Although the seller (sellingtimeguys) checks out as honest on this board, they also appear to be somewhat sloppy. Because they have a captive escrow company, every "i" will be dotted and every "t" will be crossed before I fund this escrow.

 

[TheViking]

Bump this for updates?

Can any of the above posters with Doctorate Level experience and know how give me an indication of the current state of STARWOOD resale prices.
Specifically:
Kierland
Sheraton Vistiana Villages
and the Voluntary Property in magical Westin Princeville

I just want to extend my sincere thanks to all of you as I've been reading through many posts and threads. I can't imagine considering a time share purchase without this forum.

Admittedly after extensive reading and searching for 4 plus days I barely qualify for a Associates Level education in TS. I have focused mostly on Starwood and Marriott VO as well as TS in Sint Marteen.

Again Thanks in advance for any and all replies
V

 

[DeniseM]

I'd check sales on ebay:

1) go to the TS auctions: http://www.ebay.com/sch/items/Timeshares-for-Sale_?_catref=1&_sacat=15897

2) Scroll all the way down and click COMPLETED LISTINGS on the left

3) put the exact name of your resort in the search box

4) click search