'92 - What was the price point for OKW??

[chip1]

We are just curious - in 1992 (I believe I have the year right) when DVC began, what was the price/point?

 

[fkj2]

I thought the promo rate advertised before the opening was $48.

I remember receiving letters where the increase was about $1.50 instead of the $5 now. After the opening, I think the price was around $51 and went up every 6 months after that. I know that this may not be exactly it but that's a ballpark number anyhow.

 

[newt1912]

Back when DVC began and the point price was $50 - $60/point, what type of incentives (if any) were being offered back then.

Back when I first looked into DVC in 1998, they were offering an incentive that had to do with giving you back towards your purchase some of the monies you had just spent on your current trip. I forget how that worked.

I, too, am curious about the price increases over the years and which incentives have been the best.

Thanks

 

[Jimbo]

Back in the early days of DVC, they had the big Kahuna of incentives. Buyers received free park passes whenever they stayed at OKW through 1999.

 

[chip1]

I vote they bring back those free park passes!!

 

[Regina]

We joined in December of 1991. Our use year is February, so our membership technically started in 2/92.

We're pretty sure that the price per point was $51.00 when we bought, with a 210 minimum.

The length of stay passes were great. They were based on the size unit that you were staying in. We always had a 2 bedroom, so we received 4 complimentary passes. (There are 5 of us in my family, so we'd get one AP.)

Remember, this was a completely new concept. We were among the first 500 to join. Fortunately, it's been a huge success, but it could have bombed.

It was a great price, it was a great incentive, and it's still the best investment that we've ever made.

 

[chip1]

Being new to DVC, it's glad that you still believe in it.

By the way, can someone tell me how your status is decided on here? I've noticed some say, DIS veteran; others say welcomed guest. How is this determined, and how is it changed?

 

[mac_tlc]

We also joined in February 1992... After viewing a model in November 1991. The price was $51.00 per point, 210 minimum. OKW (at the time it was called The Disney Vacation Club Resort) had annual dues of about $2.50/pt, I believe. One big advantage was the free park passes through 1999. At th time it seemed like an eternity away. On March 1, 1992, the price went up to $52.50 and it has never looked back. On an earlier post I had compiled the price increases since early 1992... Of course, I can't find it now....


mac_tlc

 

[PamOKW]

Here's a DVC history I compiled awhile back with input from others on the board. There was some discrepancy on exact dates but it'll give you a rough idea of how prices increased.

Chip1 -- As soon as you put up 75 posts you'll see DIS Veteran status appear by your name --- you're almost there.

Pre-Construction - $48(? pt. minimum)
Oct. 7, 1991 - OKW Opens $51
Dec. '91 - $51
Jan. '92 -$51 (230 pt. minimum)
Feb. '92 - $51
July-Aug. '92 - $54.50
11/1/92 - Official date raised to $56
May '93 - $56 (190 pt. minimum)
July '93 - $57.50
Jan. '94 - $57.50 (190 pt. minimum)
March '94 - Announce Newport, CA plans
April '94 - $59 Increase in June announced
6/15/94 - Official date raised to $60.50
Nov. '94 -Approx. date raised to $61.50
7/1/95 - Official date raised to $62.75 October '95 - Vero Opens
March '96 - HHI Opens
May '96 - $62.75
July '96 - BWV Opens
May '97 - $62.75 (150 pt. minimum)
May '98 - $62.75
1998 - OKW Sells-out
1998 - Announce WLV
Jan. '99 - $65
Oct. '99 - $65 (notice of OKW selling out)
Mid-May 2000 - Official date to $67
June 2000 - $67
Nov. 2000 - WLV Opens (sales start Dec.)
Mid-Jan. 2001 - Official date raised to $72
March 2001 an increase to $75 announced for June

 

[Richyams]

Huh?

They raised the minimum????

I don't think so. The minimum was 230 later in '92, September to be exact. I thought that was the original minimum.....or possibly it had been lowered from 250.

This is really a surprise, I am not sure if I believe it. Do we have any other confirmations of this minimum??

 

[Richyams]

I posted before I saw the prior post....

Thanks, I thought that 210 minimum looked very unfamiliar.

The minimum was never 210 points.

 

[RobDoc]

The original minimum was 230 points. When we purchased in June, 1993 it had been lowered to 210 (price was $56) , went to 190 and has been at 150 for several years now.

 

[newt1912]

Thanks, PamOKW. The DVC history is very interesting.

BWV opened in July 96. When did it sell out? I see that VWL sales opened in 12/2000 and I was just curious if BWV and VWL were being sold at the same time or if BWV was sold out by the time VWL opened. Just wondering if there was a time when 2 WDW DVC resorts were selling at the same time so that some lucky buyers had a choice of where to purchase their home resort. I do see that OKW and BWV were both for sale at same time.

How about a history of the incentives offered. I mentioned that back in 1998 they had a buy back incentive going where they would give you monies back that you had just spent on your current WDW vacation. Anyone take advantage of that one? How did that one work? The biggest incentive, of course, were the free park passes. Just curious if the 1998 incentive was a better deal than the most recent $10/point buy back in Jan. when I purchased (of course I had to sell back my 1st year). Now incentive is $5. Has $10/point been the best?

Thanks for all the interesting history.

 

[RobDoc]

When BWV opened, OKW was still available. OKW sold out, but then built 3 more buildings which were then available for sale. Both OKW and BWV sold out in Nov, 2000 and VWL began sales at that time (along with continued sales at VB and HH).

The park passes were the early sales incentive and was replaced by the "apply some or all of your current stay towards a DVC downpayment"- which was actually the original form of Magical Beginings. You still had to sell back your first year's points in exchange for the room you were staying in up to $2000 max. The program became the present form a short while later- where it has ranged from $5 to $15 per point for the 1st year's points.

The present $5 incentive at BCV does NOT involve selling back any points- it is either that option or the free room vouchers. HH and VB still offer the $10 per point MB buyback.

It is interesting to follow the progression of prices and incentives used by DVC over the last 10+ years!

Enjoy!

 

[newt1912]

I would be curious to see what has been the bottom line price per point that people have paid over the years for DVC points. I am sure it is rare that anyone pays the retail price per point with the incentives that Disney gives. Also, there is the cast member discount of 15% which is a great price reducer. With the CM discount and MB incentives, price per point goes back to early 1990's prices less incentives back then.

 

[TwirlerGirl]

We bought at OKW in 1997 at $57 per point (I think). No park tickets. No incentives. No buybacks. No Magical Beginnings of any kind. We did get lunch at Olivia's while they finished the paper work.
Oh well, I still love my DVC membership. See you in September!

Sandy B.

 

[Tinkrbell]

Does a cast member get 15% off AND the MB's offer?

Or just one of them?

Curious?

 

[fkj2]

If I recall correctly, Disney anticipated it would take 15 years to sell out OKW. Once they saw how quickly the points were being sold, they dropped the park pass admissions with purchase and it was never offered to BWV owners. However, Dis was committed to those who had bought in early but the incentive was designed to end with the end of your use year in 2000.

 

[AZKathy]

I was just saying to myself reading this thread...were we had when we bought in 1997? We were not offered any incentives, magical beginnings, etc. But guess we weren't after reading Twilergirl's post. Okay, I feel better now. (but we did not get lunch at Olivia's after signing! )

 

[Regina]

Aw Rich, you're not going to expect me to drag out the big green "book" are you?

My husband thought that it was a 210 minimum when we joined. I'll tell him that he owes you a pig's foot since he may be wrong.