dmunsil
Disney Uber-Nerd
- Joined
- Jan 11, 2008
As part of an ongoing series I like to call, "Keeping occupied when I can't actually make a reservation because Disney can't get my points into the system", I have been doing a variety of analyses of deeds recorded in Orange County Florida for DVC contracts.
For this one, I just wanted to see a comparison of what people paid for their contract versus what they received when they sold it. And I'm interested in Boardwalk since that's why I bought. It's a sort of snapshot to look at the question of whether people are mostly making money on their contracts or mostly losing money. There's a persistent belief that most people, if they hold the contract long enough, end up holding contracts they can sell resale for more than they paid, even if they bought direct originally.
I picked January 2013 because it had a smallish number of sales and I wasn't sure how much work it was going to be to track down all the numbers. As it turns out, for most contracts it's relatively straightforward, but for maybe a third of them it wasn't. In some cases the original contract with the original sale price was misfiled, or the notes didn't say "BOARDWALK" anywhere, or the deed had been retitled, or the seller owned like 8 different contracts some in the same unit at the same resort, and figuring out which was which was a pain.
As it turns out, January was not a super high point for DVC resales, but it wasn't the low point either. They're certainly trending up since then, but no one knows if they'll go back down or stay high. A lot depends on Disney. Personally I think as long as Disney has attractive new WDW properties to sell (Grand Floridian), they'll be less interested in moving resale contracts and will ROFR somewhat less. But hey, that opinion and $2.50 will buy you a cup of coffee...
Anyway, here's all the sales by third parties of BWV for January 2013, including both the purchase and sale price. I also included the year they bought it (the year they solid it is obviously 2013). I divided the chart into the ones who bought new (most of them) and the ones who bought resale originally.
I don't know what this tells us, other than really, the value has held up better than pretty much any other timeshare I've ever heard of. For lots of people to hold a timeshare for 10-15 years and then sell it for something close to what they paid is a minor miracle. That not all of them made money seems less important than the fact that very few of them lost big money.
Anyway, this is the data. I can take requests, if anyone wants to see some other month or resort. Is there another question I can take a stab at?
For this one, I just wanted to see a comparison of what people paid for their contract versus what they received when they sold it. And I'm interested in Boardwalk since that's why I bought. It's a sort of snapshot to look at the question of whether people are mostly making money on their contracts or mostly losing money. There's a persistent belief that most people, if they hold the contract long enough, end up holding contracts they can sell resale for more than they paid, even if they bought direct originally.
I picked January 2013 because it had a smallish number of sales and I wasn't sure how much work it was going to be to track down all the numbers. As it turns out, for most contracts it's relatively straightforward, but for maybe a third of them it wasn't. In some cases the original contract with the original sale price was misfiled, or the notes didn't say "BOARDWALK" anywhere, or the deed had been retitled, or the seller owned like 8 different contracts some in the same unit at the same resort, and figuring out which was which was a pain.
As it turns out, January was not a super high point for DVC resales, but it wasn't the low point either. They're certainly trending up since then, but no one knows if they'll go back down or stay high. A lot depends on Disney. Personally I think as long as Disney has attractive new WDW properties to sell (Grand Floridian), they'll be less interested in moving resale contracts and will ROFR somewhat less. But hey, that opinion and $2.50 will buy you a cup of coffee...
Anyway, here's all the sales by third parties of BWV for January 2013, including both the purchase and sale price. I also included the year they bought it (the year they solid it is obviously 2013). I divided the chart into the ones who bought new (most of them) and the ones who bought resale originally.
Code:
Originally Purchased New
Points Yr Prch Prch Price Sale Price Prch Per Pt Sale Per Pt Profit(loss)
150 2000 $ 9,800 $ 9,800 $65.33 $65.33 $ 0.00
150 1998 $ 9,500 $ 9,800 $63.33 $65.33 $ 300.00
300 1999 $19,500 $18,300 $65.00 $61.00 $ (1,200.00)
50 2006 $ 4,600 $ 3,500 $92.00 $70.00 $ (1,100.00)
150 1999 $ 9,500 $ 8,700 $63.33 $58.00 $ (800.00)
300 1998 $18,900 $16,500 $63.00 $55.00 $ (2,400.00)
150 2000 $10,100 $ 9,200 $67.33 $61.33 $ (900.00)
210 1998 $13,200 $12,900 $62.86 $61.43 $ (300.00)
400 1998 $25,100 $25,500 $62.75 $63.75 $ 400.00
150 1998 $ 9,500 $ 9,900 $63.33 $66.00 $ 400.00
100 2000 $ 6,500 $ 6,800 $65.00 $68.00 $ 300.00
100 2000 $ 6,500 $ 5,600 $65.00 $56.00 $ (900.00)
150 2000 $ 8,600 $ 8,300 $57.33 $55.33 $ (300.00)
300 2000 $19,500 $20,500 $65.00 $68.33 $ 1,000.00
30 2003 $ 2,600 $ 2,100 $86.67 $70.00 $ (500.00)
175 1998 $11,000 $ 9,700 $62.86 $55.43 $ (1,300.00)
150 2000 $ 9,800 $ 8,300 $65.33 $55.33 $ (1,500.00)
150 1998 $ 9,500 $ 9,800 $63.33 $65.33 $ 300.00
150 1999 $ 9,500 $ 8,000 $63.33 $53.33 $ (1,500.00)
350 2000 $22,800 $23,100 $65.14 $66.00 $ 300.00
150 1998 $ 9,500 $ 9,200 $63.33 $61.33 $ (300.00)
100 2000 $ 6,500 $ 6,000 $65.00 $60.00 $ (500.00)
Purchased Resale
166 2011 $ 8,300 $10,300 $50.00 $62.05 $ 2,000.00
150 2008 $12,300 $ 8,600 $82.00 $57.33 $ (3,700.00)
200 2012 $ 9,600 $12,800 $48.00 $64.00 $ 3,200.00
270 2012 $17,100 $16,500 $63.33 $61.11 $ (600.00)
I don't know what this tells us, other than really, the value has held up better than pretty much any other timeshare I've ever heard of. For lots of people to hold a timeshare for 10-15 years and then sell it for something close to what they paid is a minor miracle. That not all of them made money seems less important than the fact that very few of them lost big money.
Anyway, this is the data. I can take requests, if anyone wants to see some other month or resort. Is there another question I can take a stab at?