San Luis Bay Inn Tax Sale Auction prices

[4ARedOctober Super Moderator Find all posts View Profile Close 4ARedOctober]

Regal Unit

San Luis Bay Inn Timeshare Item #205-026

Seller (rating): slocounty (5)

Auction Info
Current Bid: $5040.00
Starting Price: $1400.00
Winner: none
# of Bids: 46 (Bid History)
Bid Increment:

$100.00


Time Left: CLOSED (Countdown Ticker)
Opened: May 9 09:59 AM
Closes:

May 15 04:04 PM


Available Qty: 1
Location: San Luis Obispo, CA
ID #: 99531143

Assessment # 902-005-483 Timeshare Unit/Week No. 430-261 being also known as Interval No. DS-3803, the right to occupy a Regal Unit Type, San Luis Bay Inn, Avila Beach, California, for a period of one [1] week of 7 days during the Season reserved according to the procedure set forth in the Declaration and in the Rules and Regulations enacted pursuant to the Declaration as recorded in the San Luis Obispo County Recorder's Office on January 22, 1990 as Instrument No. 4593 in Book 3448 at Page 821.

Yahoo Auction Link

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San Luis Bay Inn - Mini Suite final prices

Mini Suites:

San Luis Bay Inn Timeshare Item 205-007
Closed 29

$3527.00

San Luis Bay Inn Timeshare Item 205-003
Closed 41

$3500.00

San Luis Bay Inn Timeshare Item 205-004
Closed 25

$3426.00

San Luis Bay Inn Timeshare Item 205-006
Closed 28

$3502.69

San Luis Bay Inn Timeshare Item 205-009
Closed 28

$3355.00

San Luis Bay Inn Timeshare Item 205-012
Closed 27

$3325.00

San Luis Bay Inn Timeshare Item 205-001
Closed 38

$3300.00

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San Luis Bay Inn - Imperial Suite final prices

Imperial Suites:

San Luis Bay Inn Timeshare Item 205-013
Closed 58

$5800.00


San Luis Bay Inn Timeshare Item 205-015
Closed 50

$5850.00

San Luis Bay Inn Timeshare Item 205-014
Closed 19

$5355.00

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San Luis Bay Inn - Regal Unit final prices

Regal Units:

San Luis Bay Inn Timeshare Item 205-028
Closed 58

$5101.00


San Luis Bay Inn Timeshare Item 205-037
Closed 31

$3902.00


San Luis Bay Inn Timeshare Item 205-026
Closed 46

$5040.00

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San Luis Bay Inn - Presidential Unit final price

Presidential Plus Unit:

San Luis Bay Inn Timeshare Item 205-050
Closed 38

$6721.00

[djyamyam Senior Member Find all posts View Profile Close djyamyam]

This year's higher than last year's

I had actually bid a number of the units but as you posted, the prices are not all that low. Last year's auction prices averaged in that $2200 - $2500 for studios. On ebay, the studios have been selling consistently for $3000. So I would say not a lot of really good deals. I do know that Fairfield's owner title services was getting a lot of calls on people doing due diligence. I got that from them when I called.

[4ARedOctober Super Moderator Find all posts View Profile Close 4ARedOctober]

I agree I thought the prices were too high....I did not even bid when I saw them rising....I usually would not bid till the end via snipe so not to needlessly run up the prices....and I would not want the mini-suite as it is an easy trade via RCIM and RCI and the maintenance fees are too high....the larger units were more attractive.

I remember seeing mini-suites going for $1,000 to $1,500 not that long ago in past auctions and on ebay.

Do you know if these were all in the main building (RCIM/Fairfield) or if any of these units were in the Sunterra wings? Please share any due dilligence research you have (if you don't mind) as I did not bother when I saw the prices running up....thanks.

[taffy19 Gold Contributor Find all posts View Profile Close taffy19]

John, don't you think that people are using more the Internet and searching for deals and starting to buy re-sales? I really wonder how timeshare developers are going to keep justifying their high prices.

It's not only the well-known hotel names but Fairfield too. I still cannot believe the high prices they quoted us for the point packages and the maintenance fees too.

[4ARedOctober Super Moderator Find all posts View Profile Close 4ARedOctober]

I agree emmy....perhaps you should start a seperate thread on this topic alone.....it is only a matter of time before resales get more competitive and we won't be able to find the bargains we used to.....and how these developers keep pulling the things they do with their pricing....with all that information out there.....?????

John, don't you think that people are using more the Internet and searching for deals and starting to buy re-sales? I really wonder how timeshare developers are going to keep justifying their high prices.

It's not only the well-known hotel names but Fairfield too. I still cannot believe the high prices they quoted us for the point packages and the maintenance fees too.

[djyamyam Senior Member Find all posts View Profile Close djyamyam]

All of the units except three 1 BRs were Fairfield units. I don't have the info any more as I tossed it away after the auction but here's what I remember of what I was told.

The Imperials were the older style 1 BR Sunterra units (3 of them). The Regals were the 1BR FF units. There was 1 annual and the others were bi-annual even or odd. The Presidential 2BR was an EOY as well. All the studios were annual use ones.

I had to bid earlier as I wasn't going to be available to bid when the auction was closing. Is there a snipe service for yahoo auctions?

[4ARedOctober Super Moderator Find all posts View Profile Close 4ARedOctober]

Wow that really skews the prices even more.....those prices for EOY?????....wow.

I just assumed most snipe services would work with Yahoo.....not sure I could be wrong.....anyone?

[4ARedOctober Super Moderator Find all posts View Profile Close 4ARedOctober]

Does this mean they were in the main building and not the one's up on the hillside?

The Imperials were the older style 1 BR Sunterra units (3 of them).

[djyamyam Senior Member Find all posts View Profile Close djyamyam]

If I remember correctly, two of the 1 BR Imperials were annual and 1 Regal annual but the other 1 BR & 2 BRs were all EOY. So yeah, I thought the prices were really inflated with that in mind.

[T. R. Oglodyte Moderator Find all posts View Profile Close T. R. Oglodyte]

Wow that really skews the prices even more.....those prices for EOY?????....wow.

I just assumed most snipe services would work with Yahoo.....not sure I could be wrong.....anyone?

Several years ago I got really interested in tax reposession auctions as a way to find great deals. After looking at some of the bid histories from a couple of recent auctions in San Diego County, I decided that wasn't the case.

It was clear that there were knowledgeable investors with capital who were ready to bid any available unit up to its true economic value (i.e, where it could be rented and genrate a reasonable return on investment. You could see the same people bidding regulaarly on certain units and resorts. some of the bidders were names that I recognized as entities that both rented and resold timeshares at these resorts. There were also a couple of names that I recognized from TUG. Units that did not receive any bids were units that were truly dogs. In the Solana Beach area, you could clearly see the change in value associated with race season at Del Mar.

There were also situations where someone would come in and bid over those investors. Those investors never got into bidding wars. You could see what their ceiling was for certain blocks of weeks, and they didn't go over those limits.

[taffy19 Gold Contributor Find all posts View Profile Close taffy19]

I still believe that a HOA should pick up the units and sell them for the Association. This is what keeps the values high at the resort and benefits the owners.

Most likely, the people who are behind with their taxes are behind with their maintenance fee too so should be foreclosed on by the Association as soon as it is allowed legally.