Stroman Realty Study Shows Timeshare Resales Prices Rising in 2009

Aug. 26, 2009 - PRLog -- Signs of economic recovery are often seen first in the purchase of luxury items. A recent study by Stroman Realty, Inc of timeshare resales prices for 2009 is showing signs of bouncing back from a decline in prices from 2008. Sales data from closed timeshare sales on the secondary market revealed a 4% increase in prices from 2008. While timeshare resales prices have still not recovered from their high in 2007 they show signs of recovery. “Prices are on the rebound from the worldwide economic crisis that was upon us for the last 18 months” said Wayne Stroman, the broker and president of Stroman Realty. He went on to explain the past five years of sales data: The year to date or first seven months worldwide timeshare average sales price numbers for each of the last five years from 2005 through 2009 are as follows:

2005     $7,905.38
2006     $7,743.03  
2007     $9,962.75
2008     $8,802.40
2009     $9,189.80

For those who have been thinking of selling their timeshare, this may be an indication that it is a good time to sell. “Timeshare owners that bought from the developer are not getting 100% of the original sales price. If they bought a resale timeshare they probably still have their purchase equity.” He said. So far in 2009 the highest priced timeshare property sold was Marriott’s Mountainside in Park City Utah for $54,900. The state with the largest number of timeshare sales was California. Dominating the California timeshare resales list were Marriott’s Newport Coast Villas, Marriott’s Desert Springs Villas, Four Seasons Aviara, and Marriott’s Shadow Ridge.

About Stroman Realty, Inc.:

Stroman Realty, Inc. is a full service real estate brokerage company located in a 30,000 sq. ft. office complex on Lake Conroe, just north of Houston, Texas. Stroman Realty is the world’s largest Resort Timeshare Resale Broker and the acknowledged leader in the timeshare resales marketplace. Their advertising reaches thousands of people daily with an interest in timeshare resales, timeshare sales, and vacation rentals. Stroman's international timeshare resales and timeshare rental operations offer timeshare buyers and vacation renters a portfolio of timeshare resales, timeshare rentals and camping memberships worldwide. The company has been under original management since 1979.

About Wayne Stroman:

Wayne Stroman currently sits on the Board of Directors for the Texas Association of REALTORS® (TAR) (2000-2010), Regional Vice President Region 14 (2008-2010); the Board of Directors for the Houston Association of REALTORS® (HAR) (1999-2001 and 2007-2009) and HAR Vice Chair 2009. In addition, Mr. Stroman is active with the Houston REALTOR® Information Service, Inc. (HRIS) and served on their Board of Directors (2002-2006). He was the HRIS Secretary-Treasurer (2002) and Vice Chair (2003). He also sits on the Board of Directors for the National Association of REALTORS® (NAR) (2003 & 2008-2009). NAR has over 1.1 million members and HAR is one of two of the largest local REALTOR® organizations in the nation along with Long Island, New York.

He was Chairman of the HAR International Council (2005-2006) and the HAR Technology Task Force for (2004). He was past Chairman of the HAR MLS Advisory Group (2003); and past Chairman of the HAR Statistical Information Subcommittee (1997). He also served on the MLS Advisory Group Committee (1990-94 & 1997-2008); and the Y2K Task Force (1998-2000).

Mr. Stroman served on the TAR Issues Mobilization Committee (2005-2007); TAR Member Benefits Task Force (2005-2009), Committee Chair (2006); and was on the TAR International Task Force (2003); International Committee (2007-2009) the TAR Condominium Committee (1985); Technology Committee (2008-2009); Omega Tau Rho Fraternity Achievement Award 2004.

He was also a member of the National Association of REALTORS® Multiple Listing Service Issues and Policies Committee (2003-2005); the past Chairman of the NAR Resort Real Estate Forum (2003); and a member of the Resort and Second Home Real Estate Committee (2003 and 2006-2007); International Operations Committee (2008-2009); and CIPS Advisory Group (2007-2008).

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