Prime Summer HHI Marriott week sold for $2750

[Steve]

Here's further evidence of the decline in timeshare values: A prime July week 28 at a Marriott on Hilton Head Island just sold on eBay for only $2750. The resort is Harbour Point, which is not beachfront, but these weeks used to command far more than this. I used to own a shoulder season (week 35) at this resort that I sold for $5500 several years ago. Now a prime week 28 is only going for $2750.

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&ssPageName=STRK:MEWAX:IT&item=270313401697

It will be interesting to see if timeshare values actually hit bottom and rise again when the economy finally starts to get better...or if they will stay at these super depressed levels. Regular real estate always recovers from the down cycles, but timeshares are not regular real estate.

Steve

 

[gmarine]

There have been a bunch of great deals the last few months but I think the declines in timeshare prices are only beginning. Unemployment numbers out this week were at a 26 year high and even though mortgage rates are at 4 1/2 year lows home foreclosures are still increasing. There is much less money to go around and timeshare values are going to be hit very hard.

 

[FlyerBobcat]

Here's further evidence of the decline in timeshare values: A prime July week 28 at a Marriott on Hilton Head Island just sold on eBay for only $2750. The resort is Harbour Point, which is not beachfront, but these weeks used to command far more than this. I used to own a shoulder season (week 35) at this resort that I sold for $5500 several years ago. Now a prime week 28 is only going for $2750.
Steve

And now take a look at this $19,500 starting prince at this brand new listing on ebay. Possibly a slight disconnect with reality...... you think ........

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=280294197000&fromMakeTrack=true

 

[CMF]

OF Platinum weeks in SC will not dip under $20K.

Charles

 

[thinze3]

OF Platinum weeks in SC will not dip under $20K.

Charles

Charles,
You don't mean that do you?
It is happening system wide, S. Florida, Newport, Hawaii... IMHO S. Carolina is not immune - OF or not.

Terry

 

[gmarine]

I think in six months to a year we are all going to be shocked at how low prices have fallen.

 

[CMF]

There may be a fluke buy out there, but folks are not going to start dumping their Grande Ocean or Ocean Watch platinum OF weeks for under $20k.

Charles

 

[dmaxdmax]

folks are not going to start dumping their Grande Ocean or Ocean Watch platinum OF weeks for under $20k.

Charles

Unless they need the money.

 

[Jbart74]

Unless they need the money.

And they WILL need money.

 

[gmarine]

There may be a fluke buy out there, but folks are not going to start dumping their Grande Ocean or Ocean Watch platinum OF weeks for under $20k.

Charles

I'm sure that could have been said about many resorts a year ago. Now we are seeing annual platinum units sell for under $5000 at resorts where a year ago 10K plus was the norm. Its a different economy and its only getting worse.

 

[bogey21]

Another incentive to sell is if they can't afford the Maintenance Fee.

George

 

[bogey21]

Here's further evidence of the decline in timeshare values:* A prime July week 28 at a Marriott on Hilton Head Island just sold on eBay for only $2750.*

I had one of these and sold it about 10 years ago for $12,500 advertising it in the Island Packet (spelling?)

George

 

[beachlimey]

Marriott Ownership

I have an Oceanside timeshare in the silver season at Marriotts Barony Beach resort on Hilton Head and I am seriously thinking of selling because of the maintenance fees. I have my 2007 week deposited with Int. Inter. which i have to use by 3/16/09 or pay to extend. and my 2008 week is deposited and is good until 2/10/2010. I am still deciding wether to trade my 2009 year for points.
Do you think i should go ahead and try to exchange my 2008 week and then try to rent it to cover my maintenance fees?
Do you think someone would be interested in using the 2007 week before march. Do i let them know what is available and then exchange on their behalf? I am about to join TUG so that i can access the full benefits of this great site.
Thanks for any advice you can offer.

 

[pcgirl54]

I have been waiting for a bargain on a Barony Beach Gold. Maybe 2009 is my lucky year for a deal.

Summer HP weeks typically were somewhere around $6500-8000 resale in prior years.

Harbortown in Sea Pines would be about $12-14K.



My current TS thoughts are if I can rent an off season week for $700 then why own and pay $1000 annual MF. Prime season would be a different case.

 

[gmarine]

I have an Oceanside timeshare in the silver season at Marriotts Barony Beach resort on Hilton Head and I am seriously thinking of selling because of the maintenance fees. I have my 2007 week deposited with Int. Inter. which i have to use by 3/16/09 or pay to extend. and my 2008 week is deposited and is good until 2/10/2010. I am still deciding wether to trade my 2009 year for points.
Do you think i should go ahead and try to exchange my 2008 week and then try to rent it to cover my maintenance fees?
Do you think someone would be interested in using the 2007 week before march. Do i let them know what is available and then exchange on their behalf? I am about to join TUG so that i can access the full benefits of this great site.
Thanks for any advice you can offer.

FYI, renting an Interval exchange is prohibited by II Membership Terms and Conditions. II actively looks for the rental of exchanges and can and will suspend membership and cancel the exchange. I had my II membership suspended just on suspicion of renting an exchange on EBAY. I wasnt, but II made it clear that they are actively enforcing the rules.

You can purchase a Guest Certificate and give the week to family/friends but renting is not allowed.

 

[ocdb8r]

And now take a look at this $19,500 starting prince at this brand new listing on ebay. Possibly a slight disconnect with reality...... you think ........

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=280294197000&fromMakeTrack=true

Talk about disconnect,,, http://cgi.ebay.com/gambling-skiing_W0QQitemZ320318158275QQcmdZViewItemQQptZTimeshares?hash=item320318158275&_trksid=p3286.c0.m14&_trkparms=66%3A2|65%3A1|39%3A1|240%3A1318