Where Timeshare Sales Lead the Real Estate Market

Sunday’s edition of Steamboat Today reported on the excellent sales at The Village at Steamboat, Colorado timeshare condominiums being sold under the popular Wyndham brands.

Wyndham Vacation Ownership timeshare sold over 650 timeshare units at The Village at Steamboat during the first eight months of 2010. These sales total more than $45 million. In the month of July, the total number of real estate transactions in Routt County, where this Colorado timeshare is located, was 986, which includes all residential and commercial real estate transactions, not just timeshare sales. And of this total, 520 of the transactions were timeshare sales at The Village at Steamboat, timeshare condominiums sold under the brands WorldMark by Wyndham and Wyndham Vacation Resorts. In dollar volume, with an average sales price of $69,250, this one Wyndham timeshare resort accounted for 15 percent of Routt County, Colorado’s total real estate transactions during July 2010.

Where Do These Timeshare Buyers Come From?

While many of these timeshare sales originate with a timeshare tour at The Village at Steamboat, Ray Mason, vice president of sales in the mountain region for WorldMark by Wyndham, explains, “We have a huge distribution base. People visiting a sales center in, Las Vegas, Orlando, Hawaii, San Diego or San Francisco all have access to (Steamboat). It’s not all walking through that door. It’s distribution and price point. What you see a lot is people who upgrade and buy additional points.”

Whatever Wyndham timeshare is doing, it is clearly working. The company reported that its gross sales of timeshare and vacation ownership totaled $371 million for the second quarter of 2010, which is an increase of 13 percent over the second quarter of 2009.

Catch The Timeshare Authority on Thursday, September 16, when we will have more details about what makes The Village at Steamboat timeshare such a popular Wyndham timeshare destination.