Fewer Resale Listings?

Discussion in 'Purchasing DVC' started by Cheltenham, Apr 29, 2012.

  1. Cheltenham

    Cheltenham Mouseketeer

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    Are there fewer listings available for resale now than there were a year ago? I purchased my DVC ownership about a year ago and had been checking availability for many months. Recently I started looking again at various sellers and it seems to me that there are far fewer listings now than this time last year. Am I correct on this? If so, any ideas on why?
     
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  3. hushupu

    hushupu Mouseketeer

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    I started looking for specific a BWV contract a couple of weeks ago and haven't seen anything that will meet our needs
     
  4. Caren90

    Caren90 DIS Veteran

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    There seem to be more AKV listings than last year, the usual number of SSR and fewer listings for the other resorts. It also seems that sellers are getting higher prices for their listings from a year ago, in particular, OKW since Disney is on some sort of ROFR mission with this property.

    Stephen
     
  5. fmer55

    fmer55 DIS Veteran

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    I am in the midst of closing on a BWV contract and i will say that inventory since the time i offered , early march until now, has become sparse at best. My personal opinion is to blame it on spring fever as well as tax returns. But if you asked me to put a number on it i would say that there are less than 50 percent of listings at BWV than there was just 2 months ago.
     
  6. Missyrose

    Missyrose DIS Veteran

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    I think there are fewer listings (for BWV especially) and so as a result, there may be even fewer of the resale contracts ever making it to the Web sites. A couple of the resale brokers keep lists of what their buyers are looking for and if a contract comes in that matches, a deal gets made without the contract ever seeing the light of day on the Web sites.
     
  7. XGrumpy1

    XGrumpy1 DIS Veteran

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    Maybe the economy is finally getting better. I had a friend who sold her house the first day it was listed.

    Maybe the lower inventory of resales will cause the prices to go up, the old supply and inventory rules of basic economics.
     
  8. ELMC

    ELMC DIS Veteran

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    We are already seeing that happen at BWV. Last month deals were closing in the low $50 per point range. I don't think people are finding anything close to that right now.
     
  9. zavandor

    zavandor DIS Veteran

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    I agree, I think too that resale listings are lowering.
    I've read that in the past, the number of listings increase at the end of the year, just after people receive the annual dues report.
     
  10. dwight16

    dwight16 Mouseketeer

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    i know exactly what you are saying and have noticed it also. i got 160 points SS about 14 months ago for 58 a point it was a great contract with banked points from 2009. i am taking my second vacation in October and just am catching up to 2012. i just started looking to add on to my contract. i want to get 280 total points enough for 1 2 bed room for 1 week no matter where or when for the most part. the resale market is super dry looks like direct in 25 point to 50 point spots might be the only way to get up there. maybe after the summer vacation season things will come back to normal.
     
  11. mjc2003

    mjc2003 DIS Veteran

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    We put our house on the market and had a contract in 3 days for a little below asking. The deal fell apart, so we went back on the market 2 weeks ago. Since then we have had 10+ visits and a full price offer just last Friday that we promptly accepted. So yes, I think the economy is improving.
     
  12. fmer55

    fmer55 DIS Veteran

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    Don't sell yourself short, the economy still sucks, you just happen to have priced your house right:thumbsup2
     
  13. Rob S.

    Rob S. DIS Veteran

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    I have been looking to add on at VWL for about 9 months and I have seen very little new contracts added to any of the sites I visit. I would agree that there seem to be fewer.
     
  14. dwight16

    dwight16 Mouseketeer

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    i might just starting buying 25 to 50 at a time from disney at this rate. i want to get an add on before the end of 2012. i guess its a good and bad thing my resale i bought is worth more then i paid but now adding on will be a problem...
     
  15. tjkraz

    tjkraz <img src="http://www.wdwinfo.com/images/silver.jpg

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    Listings see a sharp spike in the winter months. Between holiday credit card bills and annual dues statements arriving, an inordinately high number of contracts start hitting the market in January and February.

    Between that and improvements in the economy over the last year (things have improved in many regards over the last 12 mos), the number of sellers appears to be dwindling. Overall, it's a good thing for the market. :thumbsup2
     
  16. DVCMomofThree

    DVCMomofThree Mouseketeer

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    We are in the process of relocating from NH to outside of Tampa (yay!) I'm going to be staying home for a bit and not working, so I think we're going to at least try to list our BLT contract.

    At any rate, when discussing this with the sales lady last week, she said she is starting to see a change in the market.

    We have to list on the higher side in order to avoid paying OOP at closing, but she seemed to think that there was a turn in the market now...
     
  17. AJA

    AJA DIS Veteran

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    I agree with this. IMO after the DVC Fall rush is over we'll see more listings popping up. Overall though with the economy improving the deals that were available the last two winters might not be so easy to come by.
     
  18. bobbiwoz

    bobbiwoz I'm happy to dance with you!

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    I hope things are turning around. I'm just looking:rotfl2: but there are so few March UY offerings in the resorts that I'm interested in, I think DH is happy about that!
     
  19. cloudnut220

    cloudnut220 DIS Veteran

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    I am now seriously kicking myself for not acting on my addonitis in January when it seemed like the market was flooded with resales.
     
  20. DougEMG

    DougEMG DIS Veteran

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    The latest Timeshare Store email from today had 11 new BCV listing, but not a single new BWV listing.
     
  21. Smile&Nod

    Smile&Nod Mouseketeer

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    i am in the process of closing on a new BCV contract and as soon as that closes I'll be listing two contracts for BWVs - I have to admit i was happy to see only two BWV listings out there right now! my timing may be good. We like BWV for the activity on the Boardwalk at night but our heart was always at BCV - just couldn't afford it at the time I originally bought!
     

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