The National Association of REALTORS® 2007 Investment and Vacation Home Buyers Survey
states there were 1.067 million units, of timeshare vacations purchased in 2006
which is up from 2005.
Statistics from the State of the Vacation Timeshare Industry: United States Study,
2007 Edition conducted by Ernst & Young, LLP for the ARDA International Foundation
(AIF), states there were 538,000 new timeshare units purchased in the U.S. during
2006. This means that 33.5% of all types of timeshare vacations sold were new timeshare proeprties.
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- Percentage of timeshare Weeks as
part of the second home market.
Graph #1A
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- Average Resale Price is Increasing
In Graph 2 the average worldwide timeshare resale price at Stroman Realty has grown
from $6,823 in 2003 to almost $10,000 in 2007
Graph #2
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It’s interesting that for the past 10 years the average U.S. timeshare resale price
at Rii® Stroman rose 119%.
The following graph 2A is the average U.S. timeshare resale price at Stroman Realty
for all sales combined.
Graph #2A
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- Resale Buyers, Like Original Developer
Buyers Seek High Season Units
The majority of timeshare vacations are classified as Prime time – high season. This is also
the most desired time in which to own. The following graph depicts Worldwide Stroman’s
sales compared to seasonality.
Graph/Table #3
|
Year
|
High
|
Medium
|
Other
|
|
2003
|
86%
|
9%
|
5%
|
|
2004
|
88%
|
8%
|
4%
|
|
2005
|
85%
|
10%
|
5%
|
|
2006
|
89%
|
7%
|
5%
|
|
2007
|
97%
|
2%
|
1%
|
|
5 yr ave
|
88%
|
7%
|
5%
|
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We compiled Worldwide High season sale prices at Stroman by year and the result
is the following graph.
Graph #4
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- Impact of Other Amenities on Sales
Here are the Worldwide Stroman numbers for 1 bedroom vs. 2 bedrooms vs. all others.
Graph #5
According to the Ernst & Young survey previously referenced concerning new developments,
“Two-bedroom units represent the most common size (63 percent), followed by one-bedroom
(22 percent), three-bedroom or larger (nine percent), and studios (less than six
percent).”
“Timeshare resale buyers are acquiring units in roughly the same ratios of bedroom sizes as the developers are building.”
Worldwide Timeshare resale prices at Stroman are broken down by bedrooms in the
next graph which shows the differences and the rapid growth in prices of both one
and two bedroom timeshares.
In 2007 the average price for a two bedroom resale timeshare at Stroman was $11,031
for high season and $10,963 all seasons.
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Graph #6
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In 2007, the two bedroom timeshare vacations resale prices increased faster and show a trend in demand
and values for larger units.
The next graph 6A is like 6 but the data is restricted
to Worldwide “High Season.”
Graph 6A
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Timeshare Resale Study - Table of Contents