Recently, Sharket.com completed a study regarding Marriott Vacation Club timeshare resales. This study was intended to compile the top resorts according to performance on the resale market.
These rankings are based on Sharket’s database of actual resale transactions. Sharket hopes that this information will help timeshare owners understand the market value of their timeshare.
From this information, Sharket found that Marriott timeshares in Hawaii, Lake Tahoe, and Orlando rank the highest. Depending on the ownership details, the typical resale prices for these properties range from $4,500 to $10,500 for one week.
At the top of the list is Marriott’s Grande Vista in Orlando, Florida. Chief Data Officer of Sharket, Bob Schmidt shared, “A typical resale price at Grande Vista is 4,500 dollars according to the data we’ve compiled and we found 309 resales taking place annually.”
The resort ranked in second place is Marriott’s Ko Olina Beach Club in Hawaii. Based on Sharket’s data, Ko Olina Beach Club resales are sold, on average, for $10,530. From January 2013 to July 2014, there were 116 Ko Olina Beach Club properties sold on the secondary market.
In third is Marriott’s Maui Ocean Club with 175 annual resales at an average price of $6,945, followed by Marriott’s Timber Lodge with an average price of $5,500 and 124 annual resales. Finally Marriott’s Kauai Beach Club rounds out the list with 132 annual resales and an average sale price of $5,700.
Sharket also rated the Marriott resorts with a Saleability Score™. This score is determined by the median price and the number of resales over the past year. Saleability scores range from 1–10 with 10 being the highest. Marriott’s Grande Vista, Marriott’s Ko Olina Beach Club, Marriott’s Maui Ocean Club, Marriott’s Timber Lodge, and Marriott’s Kauai Beach Club all received a 9/10 for Saleability.
Schmidt added, “We consider any resort with a score of 8 or above to be in the top tier of all timeshare resorts. Our current scores and ranking are based on resales occurring between January 2013 and July 2014. For each resort, we calculate a Saleability Score on a scale of one to ten and then we rank resorts within each numerical Saleability Score based on the total dollar volume of resales during the reporting period.”
For the entire study, visit Sharket.com.