How much per point for DVC?

[ChrisAlli]

Does anyone have the original price per point for the DVC resorts? Just curious. I guess I can see the new ones now, but all the others?

Thanks

 

[ToddyLu]

You can find the current prices at DVCNews.com...there are also posts from those who purchased at OKW years ago. I want to say it was in the 50's/per point range.

 

[LouisianaDisneyFan]

Correction: I know BWV was in the 50's or 60's when it first opened... so those folks that are reselling now have enjoyed their points for many vacations and are now getting back a nice profit over what they paid for their points originally. Talk about a great deal!

(I need to learn to call the folks for details BEFORE making the first post on a topic!!!)

 

[ChrisAlli]

Really, the $40's..... When did BWV open? Not long ago correct

 

[LouisianaDisneyFan]

BWV was the first DVC property... it opened in '96. Contracts for BWV expire in 2042, so they have 32 years left. So yep, those owners enjoyed years of fun and now are getting quite a return for their investment!

Correction: The posters below are correct; OKW was first. Oops!

 

[lovedvc]

Correct me if I'm wrong, but I thought OKW was the first DVC property. Also, if you sell your points you can't sell them for more than what you paid for them. There is no profit to be made.

 

[LouisianaDisneyFan]

Also, if you sell your points you can't sell them for more than what you paid for them. There is no profit to be made.

I don't see how you can think the people who purchased their points for OKW or BWV are not selling their points for more than what they paid... Yes, they had annual maintenance fees that covered the expenses over the years, but the price they paid per point is lower than the price per point they can receive through resale, which equals a profit. What makes you think they cannot sell their points for more than they paid?

 

[sisaaliyah]

OKW was the first DVC. I believe BWV was second opening in 1996.

 

[DeeCee735]

OKW was the first DVC. I believe BWV was second opening in 1996.

Correct. And if BWV cost $60.00 per point (I've never heard of it for $40.00, I believe OKW started at $50 or just above), we started looking in 1999 and it was in the low 60's. We bought in early 2000 and paid $65.00 per point. So if BWV is going for the high 70's to mid 80's on the resale market, that's what we'd base our asking price on IF we were to sell

So, yes, an owner can sell for more than what they paid.

 

[bwvBound]

BWV was the first DVC property... it opened 18 years ago. Contracts for BWV expire in 2042, so they have 32 years left. So yep, those owners enjoyed 18 years of fun and now are getting quite a return for their investment!

Maybe you are thinking OKW?

 

[LouisianaDisneyFan]

Just called mom and dad to find out, 'cuz it was driving me nuts! They paid $59/point pre-opening for their BWV points. They also had looked at OKW at the time, which was still being offered direct from Disney.

 

[lovedvc]

If I'm wrong I'll admit it. I was told when I purchased originally that if I were to sell I could not sell the property for more than what I originally paid. Disney can purchase a property thru ROFR and then resell for a higher price. That's why the prices vary so much. I'm interested in finding the correct answer to this.

 

[WebmasterDoc]

Here is a history of DVC as compiled from posts on the DIS over the years:

Pre-Construction -- $48 (230 pt. minimum)
October, 7, 1991 -- Sales begin at OKW
December, 1991 -- OKW opens at $51
January, 1992 -- $51 (230 pt. minimum)
February, 1992 -- $51
July-August, 1992 -- $54.50
11/1/92 -- $56
May, 1993 -- $56 (190 pt. minimum)
July, 1993 -- $57.50
January, 1994 -- $57.50 March, 1994 -- Announce Newport, CA plans
April, 1994 -- $59 Increase announced for June
6/15/94 -- $60.50
November, 1994 -- $61.50
7/1/95 -- $62.75
March,1995 - 150 point minimum begins
October 1, 1995 -- Vero Opens
March 1, 1996 -- HHI Opens
May, 1996 -- $62.75
July, 1996 -- BWV Opens
May, 1997 -- $62.75 (150 pt. minimum)
May, 1998 -- $62.75
Fall, 1998 -- OKW Sells-out
Fall, 1998 -- Announce WLV
January, 1999 -- $65
October, 1999 -- $65 (notice of OKW selling out again after adding buildings 62, 63, 64)
Mid-May, 2000 -- $67
June, 2000 -- $67
November, 2000 -- VWL Opens, BWV Sells-out
December, 2000 -- VWL sales begin
January, 2001 -- $72
March, 2001 -- an increase to $75 announced for June
June, 2001 -- $75
February 3, 2002 -- Sales begin for BCV
March 6, 2002 –- Reservations begin for BCV
June, 2002 -- $80 per point
Dec 1, 2002 -- $84 per point (announced early Oct.)
Aug 4, 2003 -- $89 per point (SSR Sales begin with $10 discount = $79) with expiration in 2054.
May, 2004 -- SSR opens.
May, 2004 -- $95 per point @SSR, $89 at other DVC resorts.
June, 2005 -- $98 per point @SSR, $92 at other DVC resorts.
Jan (?), 2006 -- $101 per point @SSR, $95 at other DVC resorts (with some variances at OKW, VB and HH). Incentives are also available lowering the effective purchase price for 150 or more points.
Fall , 2006 --AKV announced.
February 1, 2007 -- AKV sales begin for existing members. $101 ($8 incentive discount also available)
March, 2007 -- $104 per point. (160 point minimum) ($8 incentive discount available)
July 2, 2007 -- AKV opens as part of main AKL resort - Jambo House. (Original opening - was moved up to July from September)
Summer, 2007 -- GCV Announced (opening in 2009)
Fall, 2007 -- Ko'Olina, Hawaii DVC resort announced (opening in 2011)
September, 2007 - DVC extends OKW land lease until January 31, 2057. Existing members have the option to purchase the extension at $15 per point thru February 29, 2008.
May, 2009 -- AKV - Kidani Village - opening.
September 16, 2008 -- BLT announced. Sales begin on 9/21 to existing members at $112 per point plus a $5 incentive. Sales for new members begins on October 5, 2008. To open on September 1, 2009.
September 16, 2008 -- THV announced as an addition to SSR. To open in Spring, 2009.
January 15, 2009 -- Price increase to $112 for AKV purchase.
Spring, 2009 -- GCV sales begin at $112 per point.
August, 2009 -- BLT opens.
November, 2009 -- GCV opens.
Fall, 2009 -- Price increase to $120 for BLT and GCV purchases. Other incentives available.

 

[WebmasterDoc]

If I'm wrong I'll admit it. I was told when I purchased originally that if I were to sell I could not sell the property for more than what I originally paid. Disney can purchase a property thru ROFR and then resell for a higher price. That's why the prices vary so much. I'm interested in finding the correct answer to this.

All resale purchases must go thru Disney's ROFR where DVC has the opportunity to purchase the resale at the same terms already accepted by the seller. DVC does not publish their ROFR levels and they have varied greatly over the years, but there is nothing to prevent a member from selling a contract for more than they paid. DVC's ROFR is deigned to allow DVC to purchase contracts they feel are being sold for too little. We sold a contract last year for $20 per point more than we paid after 12 years of ownership and it passed ROFR with no problem.

You can see reports of recent ROFR activity in a thread on the DVC Operations board which tracks ROFR results.

 

[ChrisAlli]

Thanks, very interesting.....Now not to change the subject but someone brought on ROFR....if Disney buys it back...where do they advertise their re-sale or do they? Do you have to ask?

 

[chalee94]

I was told when I purchased originally that if I were to sell I could not sell the property for more than what I originally paid.

i've heard of some disney employees who were offered discounted prices and accepted some restrictions on selling as a result.

but as doc says, most buyers are not restricted in any way from reselling for more money (and many early buyers did make some profit when they resold a decade or so later).

 

[chalee94]

Thanks, very interesting.....Now not to change the subject but someone brought on ROFR....if Disney buys it back...where do they advertise their re-sale or do they? Do you have to ask?

disney/DVC can add the ROFRed pts to their pool and resell the contracts directly. (you might notice a few "best kept secret" posters and billboards around wdw... )

if a new buyer walks in to look at BLT but has their heart set on BCV, DVC can sell them a 160 pt BCV contract out of the BCV pts they have ROFRed (or foreclosed).

if a current owner wants to "add-on" to get more pts, DVC can sell them an add-on of as few as 25 pts out of the pts they have ROFRed (or foreclosed).

if you google dvcnews, you can find out current prices or call your guide if you are ready to get serious.

 

[Orsino]

65 dollars in 2000 is over 80 dollars in 2010 (due to inflation).

The properties have retained a good amount of value (nearly 100%) despite being 1/3 of the way to expiration. Still great for those that bought, but not so good as to actually be making a profit.

 

[chalee94]

The properties have retained a good amount of value (nearly 100%) despite being 1/3 of the way to expiration. Still great for those that bought, but not so good as to actually be making a profit.

in terms of business ROI calculations, i'd agree with you.

but if you sell for more money than than you paid, it's generally referred to as a profit. or at least, that's what the tax man would say...

 

[LouisianaDisneyFan]

in terms of business ROI calculations, i'd agree with you.

but if you sell for more money than than you paid, it's generally referred to as a profit. or at least, that's what the tax man would say...

Yep, and the rate of return was certainly better than if you had that same money sitting in a conservative investment as well.