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Ko Olina prices dropping

gblotter

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Has anyone been watching the e-bay sales of Marriott Maui timeshares?
They seem to be in a downward spiral and are as low as Marriott Kauai Beach Club (which IMO is a tremendous bargain). I am waiting for the flood of Nov.-Dec. resales when people try to rid themselves of the maintenance fees due in Jan. If prices plummet even further, it will be a good time to jump for those wanting a Marriott Hawaiian timeshare.
At both Maui Ocean Club and Kauai Beach Club, you will see quite a few 1BR units on eBay (and yes, it seems like the prices are indeed dropping). This likely because the 1BR maintenance fees are so high (1BR maintenance fees are not much cheaper than 2BR maintenance fees). There are relatively few 2BR units on eBay however.

I have been tracking eBay prices this year for all the Marriott timeshares in Hawaii. If you give me more specifics about what you are looking for (location, view category, # bedrooms) then I can give you the price range for recent eBay sales.
 

cgeidl

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New Disney Units may up Ko Olina prices

They just started selling with a max price of $150,000 for one week.You think you would be buying the whole unit for that.The resort is stylish in Tahitian/Polynesian style and the prices there may have people fleeing to Ko Olina.
 

GregT

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At both Maui Ocean Club and Kauai Beach Club, you will see quite a few 1BR units on eBay (and yes, it seems like the prices are indeed dropping). This likely because the 1BR maintenance fees are so high (1BR maintenance fees are not much cheaper than 2BR maintenance fees). There are relatively few 2BR units on eBay however.

I have been tracking eBay prices this year for all the Marriott timeshares in Hawaii. If you give me more specifics about what you are looking for (location, view category, # bedrooms) then I can give you the price range for recent eBay sales.

Have you seen any MOC Lahaina Villas that have sold? Any view category? Any pricing info would be appreciated. Thanks very much!

Greg
 

gblotter

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Have you seen any MOC Lahaina Villas that have sold? Any view category? Any pricing info would be appreciated. Thanks very much!
There have been only 2 eBay auctions this year for Lahaina/Napili Villas - see for yourself:

This one did not sell because it was priced too high (especially for a Mountain View unit):
see http://www.ebay.com/itm/320718446241

This one was a very active auction with 44 bids. Buyer had to pay past-due maintenance fees as well.
see http://www.ebay.com/itm/160579601647
 

GregT

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There have been only 2 eBay auctions this year for Lahaina/Napili Villas - see for yourself:

This one did not sell because it was priced too high (especially for a Mountain View unit):
see http://www.ebay.com/itm/320718446241

This one was a very active auction with 44 bids. Buyer had to pay past-due maintenance fees as well.
see http://www.ebay.com/itm/160579601647

Thanks for these -- I remember the second one -- it was listed as Ocean-Front, but because of the Unit #, it had to be Ocean-View. I believe I even contacted the Seller and confirmed this, but 8201 is definitely OV in Lahaina Villas.

Thanks again!

Best,

Greg
 

MikeM132

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That's about the right price for a Ko Olina ocean view on Ebay. $6k EOY, $12k annual and $18k for 3 bedroom. Some auctions are $500 one way or the other depending on closing costs, fees, etc... but that's about right. I still think the 3 bedroom at Ko Olina is the best deal. The last auctions they had on Ebay the seller kept shilling... and even then he could only shill it up to about $19k.

Well, it has not tanked as much as my Wachovia bank stock did. I am such a good investor I should be working at Bear Stearns.
 

gblotter

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There are deals to be found at Ko Olina. I recently won this 2BR EOY Ocean View week for $6960.

see http://www.ebay.com/itm/230660883734

I have been monitoring Ko Olina prices on eBay for some time, and that is the lowest price this year for any Ocean View week. It is also lower than any price listed in dioxide45's ROFR database. The best deals outside of eBay are at least $1500 higher, but that may be changing too.

Prices for Ko Olina Mountain View units are dropping even more dramatically. By comparison, this 2BR EOY Mountain View week received no bids at $4997.

see http://www.ebay.com/itm/200643403955
No surprise, but this week just passed ROFR with Marriott.

With so much Ko Olina inventory already in the DC trust, I'm pretty sure that ROFR at Ko Olina will not be a problem (at any selling price).
 

brianfox

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In my opinion, Ko Olina prices have been holding relatively steady for the past year. We purchased two annual 2BR mountain view weeks in the past 18 months. The first for $9500 and the second for $9000.

It's amazing that when we first started eyeing Ko Olina in 2007, the going rate for the same annual 2BR on Ebay was $27000.

There are still a decent number of Mountain view rooms that have a great ocean view.
 

gblotter

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In my opinion, Ko Olina prices have been holding relatively steady for the past year. We purchased two annual 2BR mountain view weeks in the past 18 months. The first for $9500 and the second for $9000.

It's amazing that when we first started eyeing Ko Olina in 2007, the going rate for the same annual 2BR on Ebay was $27000.

There are still a decent number of Mountain view rooms that have a great ocean view.
Ko Olina is a beautiful resort with or without an ocean view. We have traded into Ko Olina twice in the past and were assigned very nice mountain view units overlooking the golf course.

For our purchase, it was worth a small premium to get an ocean view unit (in our case about $2000). For other folks, the view category is not that important and I understand that too.

Our main goal was to avoid being assigned a unit facing the the oil refinery (I call this 'Iraqi View').
 

Armada

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They just started selling with a max price of $150,000 for one week.You think you would be buying the whole unit for that.The resort is stylish in Tahitian/Polynesian style and the prices there may have people fleeing to Ko Olina.

$150K for one week! For less than that, you can buy 3 weeks resale at 47 Park St.
 

larryallen

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$150K for one week! For less than that, you can buy 3 weeks resale at 47 Park St.

$150k for a week is a JOKE! You have to have money to burn. You can buy low end condos in Ko Olina for about $300k I think... for 52 weeks! I am not suggesting they are apples to apples but come on that's just throwing away money in my opinion. Obviously I don't have enough money! :)
 

marmite

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Our main goal was to avoid being assigned a unit facing the oil refinery (I call this 'Iraqi View').

Next time I go to Ko Olina, this is what I will be thinking (and laughing to myself).
 

chunkygal

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What I think when I don't get the exact view I want is that when I am asleep the view inside my eyelids is the same and when I am awake and on the beach it is all an ocean view.
 

gblotter

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There are deals to be found at Ko Olina. I recently won this 2BR EOY Ocean View week for $6960.

see http://www.ebay.com/itm/230660883734
My closing is finally complete after nearly four long and frustrating months of dealing with Pacific Transfer closing company.

Because of the ineptitude of Pacific Transfer, I was forced to take over the final step of the closing process myself (i.e. ownership transfer by Marriott). After sending in all the required info to Marriott along with the $25 transfer fee (paid out of my own pocket), it took Marriott just 4 days to get the unit listed under my name. This task is something that Pacific Transfer could not get accomplished in 6 weeks. If I had not taken these steps on my own, this "dance of the dunces" with Pacific Transfer likely would have continued for several more months.

Four months is a ridiculous amount of time to complete a timeshare closing. In addition to this purchase, I have also bought two other timeshares this year. For a Marriott Mountainside week, the closing took just 25 days from start to finish. For a Marriott Maui Ocean Club week, the closing took 55 days from start to finish.

I am just grateful that Pacific Transfer's poor processes did not derail the entire purchase and result in legal action.

The seller (selltimeshare.org) seems to be an honest timeshare resale broker - he is refunding to me the $25 transfer fee. However, his alliance with Pacific Transfer is likely to doom his business I fear. There is no reason to put up with the delays and frustrations associated with Pacific Transfer when there are a variety of highly-reputable closing services recommended here on tug. When you are the buyer, you have the leverage to demand a good closing company rather than just go along with whatever the seller dictates.
 

darly2004

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Congratulations! We just signed our contract. Our purchase price was a smidge higher than yours. When did yours pass ROFR? I hope ours pass. I did not see too many deals on the Ko Olina properties when we looked. Everyone was asking around $10k for EOY. Hopefully ours will go through quickly. Enjoy your timeshare!
 

gblotter

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Congratulations! We just signed our contract. Our purchase price was a smidge higher than yours. When did yours pass ROFR? I hope ours pass. I did not see too many deals on the Ko Olina properties when we looked. Everyone was asking around $10k for EOY. Hopefully ours will go through quickly. Enjoy your timeshare!
We received ROFR waiver on 9/8/2011. ROFR turnaround took only about 7 days after Marriott received the request.

I'm sure you will pass ROFR with no problems. Marriott already has more Ko Olina inventory than they know what to do with, and they are currently finishing building 3 which will add even more Ko Olina inventory to the DC trust. No worries.
 

gblotter

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I tracked eBay sales for Ko Olina this year. There were some great bargains to be found in 2011 (especially at year-end).

Summary below by category:

2BR Mountain View EOY
Low = $3,650 12/9/2011 http://www.ebay.com/itm/320806911896 (WOW! - congrats jhac007)
High = $7,300 8/14/2011 http://www.ebay.com/itm/250871581333

2BR Mountain View Annual
Low = $6,950 12/14/2011 http://www.ebay.com/itm/330657655695
High = $9,300 7/25/2011 http://www.ebay.com/itm/260821476529

2BR Ocean View EOY
Low= $6,250 10/25/2011 http://www.ebay.com/itm/330631043722
High = $7,500 12/10/2011 http://www.ebay.com/itm/330655781667

2BR Ocean View Annual
Low = $10,500 12/30/2011 http://www.ebay.com/itm/110798255793
High = $14,400 5/3/2011 http://www.ebay.com/itm/290559518288

For my part, I took advantage of the low resale prices this year and picked up additional weeks at Maui Ocean Club, Ko Olina, and Mountainside.
 
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jhac007

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I tracked eBay sales for Ko Olina this year. There were some great bargains to be found in 2011 (especially at year-end).

Summary below by category:

2BR Mountain View EOY
Low = $3,650 12/9/2011 http://www.ebay.com/itm/320806911896 (WOW! - congrats jhac007)

Thanks! My deed has been sent for recording by the closing agent. I am excited about becoming a Marriott owner. Have traded for Beach Place, Ocean Pointe, Lakeshore Reserve, Grande Vista and Crystal Shores so I have tasted the fruit......Hawaii just adds a little more sugar! :whoopie:

Jim
 

Time2Buy

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Is the bottom falling out on the market for Ko Olina?

Two listings on Redweek with asking prices of $5995 and $6000 for annual Mountain View and 1 listing for EOY Ocean View at $5950.

An annual Mountain View is listed on MyResortNetwork.com for $4050.

These prices are less than what has been seen on eBay!

Greg
 
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gblotter

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Is the bottom falling out on the market for Ko Olina?

Two listings on Redweek with asking prices of $5995 and $6000 for annual Mountain View and 1 listing for EOY Ocean View at $5950.

These prices are less than what has been seen on eBay!
Wow - those prices are very low indeed.

I agree that it is an ominous sign if Redweek is undercutting eBay on price.
 

Cobra1950

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We are staying in Ko Olina this week, had not been here in 10 years and certainly the grounds and facilities are much improved, as well as there are a lot more local stores within a few miles to buy groceries, etc. from.
However the huge LPG (natural gas) storage tanks are still a view eyesore "island view" as Marriott calls it and a terrorist security threat, although the marina and some staged palms help distract the view somewhat. :shrug:
Weather has been mixed so far, supposed to be sunny as week progresses.
Overall very glad we did not buy here 10 years ago, great for the occasional visit but not enough to justify the flight time; flight costs; and MFs as discussed in this blog. Of course the loss in value if we had purchased 10 years ago when Marriott chided us for not buying of about $20,000 would not have been much good either.:hysterical:
 

timeos2

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Wow - those prices are very low indeed.

I agree that it is an ominous sign if Redweek is undercutting eBay on price.

My ongoing thought is that few resorts / deeds anywhere are worth more than $5000 as above that you are much better off with other options such as trade or rental. This falls right into line with that observation.

It is best to go into any timeshare purchase retail or resale with the idea that on resale you'll get nothing. For the very best times / resorts/ views you may be able to get that $5000 but most will go for far less or even be giveaways.

Get your value out through use and do not plan on any resale return is the best way. Naturally limiting your initial outlay to $5000 or less helps minimize any eventual loss when you are done with your purchase. If you do get something out it will be a pleasant bonus vs a big unexpected hit to your financial plans if you mistakenly believe what you buy for more than $5000 will hold or even add to that value on resale. It isn't likely to happen and it's best to plan that way going in. paying more than $5000 today is virtually a guarantee of an eventual loss - don't be mislead into that major miscalculation by slick retail sales or even resale value claims. There is a maximum value to virtually every timeshare and it appears $5000 or less is it for 99% of them out there.
 

a1000monkeys

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I bid on a Ko Olina MV unit on ebay a few years ago. My bid topped at $12,500 and it sold for $12,900. I dodged a bullet on that one.

Given MF vs rentals for a MV unit, I'm not sure I would take one for free.
 
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