Starwood Resale Prices - 2015 Comparison

[Wanttobe5StarElite]

How are current 2015 Resale Prices, compared to say a few years ago?

It seems that they are higher now, than even 2 to 3 years ago?

Looking at some listings and comparing to TUG comments, as well as the sticky's, seems much higher now.

 

[Ty1on]

How are current 2015 Resale Prices, compared to say a few years ago?

It seems that they are higher now, than even 2 to 3 years ago?

Looking at some listings and comparing to TUG comments, as well as the sticky's, seems much higher now.

Timeshare resale market seems to be warming up across the board.

 

[Markus]

Timeshare prices

My impressions are that prices have been drifting upwards as well. Starwood resale prices have increased at locations that I have been interested in. WkV, 2 bed plat plus has increased about $3K, WLR, 2 bed plat plus up to $5K. This have been driven by better economic conditions, lack of new inventory by the developer, as the market digest the inventory that was being offered.

In terms of the developer market, the new Flex product has changed the offering significantly, purchasers of the traditional 2 bed plat plus, 148,100 SO product now have to pay over $50K whereas in the past these weeks could be had in the mid thirties.

 

[blondietink]

My impressions are that prices have been drifting upwards as well. Starwood resale prices have increased at locations that I have been interested in. WkV, 2 bed plat plus has increased about $3K, WLR, 2 bed plat plus up to $5K. This have been driven by better economic conditions, lack of new inventory by the developer, as the market digest the inventory that was being offered.

In terms of the developer market, the new Flex product has changed the offering significantly, purchasers of the traditional 2 bed plat plus, 148,100 SO product now have to pay over $50K whereas in the past these weeks could be had in the mid thirties.

Wow, the change in the developer prices sure are going up! wonder if they will actually get those kind of prices.

 

[ValleyGirl]

Wow, the change in the developer prices sure are going up! wonder if they will actually get those kind of prices.

If someone understands the difference between the old and new/flex systems then the resale prices should go up.

However a non tugger or owner is not likely to even know the differences.

I'm not sure the new flex system is even close to the old system.
Everyone has to buy into the "Platinum" season but the demand will remain the same. High demand season and properties will now have more suitors thereby making it harder to book these weeks.

I'm really hoping that "old inventory and new inventory" is truly split and tracked in an equitable manner. If you do not own an "old" fixed week(s) or fixed view(s) will the new "Flex" system gobble a higher percentage of high demand weeks than reflected by a flat allocation to weeks 1-52 minus "event" weeks?

Starwood obviously has their shareholders interest (profit) and their own performance (bonus) interests at stake.

For example, at Riverfront when a "Ski-Season" Platinum week owner converts/releases their week, Starwood does not just alloacate this week on a flat alloaction basis eg Weeks 48-50 & 1-15 (Platinum Plus) but allocates some fraction higher than flat to Spring Break Week(s) and President's Week. This is done before owners can reserve at 12 Mos. This is obvious because you can use points/dollars to reserve these particular weeks before 12 mos and all Platinum Plus weeks have been sold!! They do this because they can rent for points or dollars on each side at higher rates than other times.

Also the new system does not leave low demand season weeks to be sold at the same maintenance fee. Much easier for selling.

The truth is lost in non-transparency!

 

[YYJMSP]

In terms of the developer market, the new Flex product has changed the offering significantly, purchasers of the traditional 2 bed plat plus, 148,100 SO product now have to pay over $50K whereas in the past these weeks could be had in the mid thirties.

We were just at WSJ, and the pricing on the annual 148,100 SO product was $38,100

Not sure where $50K+ is being quoted, unless you're taking smaller point packages and joining them together, which is more expensive

 

[YYJMSP]

For example, at Riverfront when a "Ski-Season" Platinum week owner converts/releases their week, Starwood does not just alloacate this week on a flat alloaction basis eg Weeks 48-50 & 1-15 (Platinum Plus) but allocates some fraction higher than flat to Spring Break Week(s) and President's Week. This is done before owners can reserve at 12 Mos. This is obvious because you can use points/dollars to reserve these particular weeks before 12 mos and all Platinum Plus weeks have been sold!! They do this because they can rent for points or dollars on each side at higher rates than other times.

Remember, the developer also owns weeks, and they can book/rent them out too... for all we know, they bought tons of event/highly desirable weeks at lower preconstruction pricing, so they were never available to the general public in the first place...

They may be playing a little fast and loose with the actual weeks allocated if they're booking at more than 12mos out, but we'll never know as we don't get to see the transfers between the various inventory pools. I'm sure they'd just say it's accurate forecasting so weeks don't get wasted by waiting until the last minute to rent them out.

 

[Markus]

Prices

We were just at WSJ, and the pricing on the annual 148,100 SO product was $38,100

Not sure where $50K+ is being quoted, unless you're taking smaller point packages and joining them together, which is more expensive

At my last owner update, I was told they were sold out of the product that you were just offered. I was told that the only way to get 148,100 SOs, was through the flex product and the price point was about $51,000.

 

[DavidnRobin]

We were just at WSJ, and the pricing on the annual 148,100 SO product was $38,100

Not sure where $50K+ is being quoted, unless you're taking smaller point packages and joining them together, which is more expensive

That was the same price I was quoted (Resort season) - they did mention that it was above $50K for the Flex system, and to 'Hurry, this price won't last...'

 

[Joshadelic]

There's a plat 2br l/o at SVV on eBay right now (95,700 SO's). I'm curious as to what it will go for. My wife and I were talking about getting rid of the same type of week - depending on what we can get for it.

 

[VacationForever]

There's a plat 2br l/o at SVV on eBay right now (95,700 SO's). I'm curious as to what it will go for. My wife and I were talking about getting rid of the same type of week - depending on what we can get for it.

There is one on TUG marketplace for $2,900. I have seen it go for between 1K-3K.

 

[pacman777]

There's a plat 2br l/o at SVV on eBay right now (95,700 SO's). I'm curious as to what it will go for. My wife and I were talking about getting rid of the same type of week - depending on what we can get for it.

$1500 in maintenance fees for only 95.7k staroptions is high. This wouldn't get you a 2br lockoff in plat season in most SVN resorts. WKV is about the same in fees for 148.1k staroptions. Although WKV now runs $17k plus.

 

[ThreeLittleBirds]

There's a plat 2br l/o at SVV on eBay right now (95,700 SO's). I'm curious as to what it will go for. My wife and I were talking about getting rid of the same type of week - depending on what we can get for it.

One just sold earlier in July for $2651.

 

[YYJMSP]

That was the same price I was quoted (Resort season) - they did mention that it was above $50K for the Flex system, and to 'Hurry, this price won't last...'

I recall the Flex price was a lot higher, I'm thinking $65K, but I think that was for a 176K package. Too many numbers and combinations...

After being given those numbers, we were then given a BV unit price, and finally left with the CV offer.

 

[DavidnRobin]

The supposed MFs for 81K HOs for WSJ-CV (Resort season) was ~$2500 {from Salesperson...}, but I do not think anyone has reported real MFs for CV

about the same as our 2Bd TH (WSJ-VGV) but we get 95.7K SOs

 

[Joshadelic]

$1500 in maintenance fees for only 95.7k staroptions is high. This wouldn't get you a 2br lockoff in plat season in most SVN resorts. WKV is about the same in fees for 148.1k staroptions. Although WKV now runs $17k plus.

Totally agreed. However, we saw our SVV purchase as a much lower barrier of entry. After a few resale purchases and an upgrade and requalification through SVO, we spent less than $10k for 162,800 annual SO's with about $2300 in annual MF's.

 

[Wanttobe5StarElite]

Totally agreed. However, we saw our SVV purchase as a much lower barrier of entry. After a few resale purchases and an upgrade and requalification through SVO, we spent less than $10k for 162,800 annual SO's with about $2300 in annual MF's.

Would say that this would be a lower cost way of getting SOs, if that is goal.

Even if the MF / SO may be slightly higher, it is more than offset by the much lower purchase price.

 

[vacationtime1]

Totally agreed. However, we saw our SVV purchase as a much lower barrier of entry. After a few resale purchases and an upgrade and requalification through SVO, we spent less than $10k for 162,800 annual SO's with about $2300 in annual MF's.

Those are great numbers, but how did you do a Starwood requalification within that $10K budget? I thought Starwood required $20K of "new money" to permit a requal.

 

[carpie99]

At my last owner update, I was told they were sold out of the product that you were just offered. I was told that the only way to get 148,100 SOs, was through the flex product and the price point was about $51,000.

Went on WSJ owner's update July 16th.

148,100 for $38,100 in non-resort season (May - Dec)
MF was $2450 for those numbers of points

"But the MFs are so much less than VGV" says the salesperson. I let her know how happy I would be in 130 years once that $200 difference offset the $38,100

 

[VacationForever]

Those are great numbers, but how did you do a Starwood requalification within that $10K budget? I thought Starwood required $20K of "new money" to permit a requal.

There have been reports of less than 20k of new money to requal when buying at SVR. Sometimes when they accept and apply credit for units turned in, I have heard that new money can be below 20k as well.

 

[Joshadelic]

Those are great numbers, but how did you do a Starwood requalification within that $10K budget? I thought Starwood required $20K of "new money" to permit a requal.

We purchased in 2008-2009, so things might have changed. At that time, there was a $10k minimum for purchasing a Florida property and they also gave 100% of the original purchase price back towards your purchase when you used a resale deed to upgrade. When everything finally settled I posed a summary of how we did it.

 

[Wanttobe5StarElite]

We purchased in 2008-2009, so things might have changed. At that time, there was a $10k minimum for purchasing a Florida property and they also gave 100% of the original purchase price back towards your purchase when you used a resale deed to upgrade. When everything finally settled I posed a summary of how we did it.

So, based on your initial post, they requalified 2 Resales, when you bought the 1 from the developer.

To TUGgers, I thought, based on reading different posts, that they only requalify 1 resale, per 1 purchase?

Is this correct, or am I misinterpreting how this can be done?

 

[Joshadelic]

So, based on your initial post, they requalified 2 Resales, when you bought the 1 from the developer.

To TUGgers, I thought, based on reading different posts, that they only requalify 1 resale, per 1 purchase?

Is this correct, or am I misinterpreting how this can be done?

I only requalified 1 resale. I upgraded the other. So we ended up with 2 deeds - 1 from SVV and the other from SDO.

 

[Wanttobe5StarElite]

I only requalified 1 resale. I upgraded the other. So we ended up with 2 deeds - 1 from SVV and the other from SDO.

OK Makes more sense.

So you can UPGRADE a resale into a totally different resort, which makes it a "developer purchase"?

So we can purchase say a resale - SVV - and UPGRADE it to anything for sale?

In your case, your PGA became SVV?

So the PGA is gone.....

 

[okwiater]

You cannot upgrade a resale into Platinum Plus inventory -- only Platinum or below.