Any one else notice higher priced AKV contracts

[PaintsWithAllTheColors]

Not saying that you are incorrect but I’m having a hard time believing that Pandora should be the main cause. If so wouldn’t the price decrease again once the dust settles in a few months? Agree that the d23 announcement would get people to buy Epcot locations. The move to premium for rental companies is good point but can’t be the main reason.

Maybe akv was just undervalued?

Hmm yeah you make an interesting case. I do agree that it seems weird for Pandora to be the only factor, I just for the life of me couldn't figure out why else that resort in particular seems to have the largest increase in price. Perhaps you're right, and AKV was "under-priced" according to the markt

 

[Matty B13]

I think most people see AKV as a deluxe resort, it's just DVC owners who think otherwise.

 

[miTnosnhoJ]

I am glad that AKV is getting some love in the market. AKL was the first deluxe that we ever stayed at, and it was absolutely magical. We recently stayed there for the opening of Pandora, and once again, we had a great time.

 

[LSchrow]

Maybe akv was just undervalued?

IMHO, AKV absolutely was underpriced. With the only DVC club level (really hope they eventually extend CL to other DVC properties), value villas, wonderful theming & restaurants, I'm surprised it ever went so low. BTW, we own 3 resorts, none of which are AKV (though I seriously considered adding there after a short, but amazing Club Level stay)

 

[sndral]

I think there are a couple of factors at play, the most important, long term - @ least until end date of contract comes into play - being the number of units at the resort which is all about supply and demand:

SSR - 828/1260 villas average listing $96 range $82/104 end date 2054
OKW- 531/761 villas average listing $85 range $70/120 end dates 2042/2057
AKV - 458/708 villas average listing $101 range $90/116 end date 2057
BWV- 383/532 villas average listing $106 range $95/127 end date 2042
BLT - 295/428 villas average listing $134 range $111/150 end date 2060
Poly- 380 villas average listing $146 range $135/155 end date 2066
RRV - proposed 300 villas
BCV - 208/282 villas average listing $122 range $115/128 end date 2042
CCV - 184/220 end date 2068
BRV - 136/181 villas average listing $85 range $81/95 end date 2042
VGF - 100/147 villas average listing $143 range $119//160 end date 2064

These prices are from a site that collects data from several but not all brokers. The larger villa numbers reflect maximum no. of villas (e.g. when 2 br. lock off used as studio + 1br.)
My personal gut feeling when I bought AKV a couple of years ago was that it was under priced compared to SSR & BLT, most likely because of the higher MFs at AKV & that through time SSR's & BLT's MFs would rise faster than AKV's & that ultimately the MF's would equalize w/ AKV's always being slightly higher, that BLT would always resell for more due to fewer villas & a more desirable location, but SSR should resell for less than AKV ultimately because it was so much larger, thus would always have more supply.

 

[kristenrice]

We bought our AKV contract (resale) in 2008 for $92/pt. It's a long story, but we actually paid slightly MORE by going resale (direct was $96/pt at the time) on our 100 point contract. We added on (direct) for 50 points at HHI in 2011 with the plan to go every three years at HHI and the other two years at WDW.

Now that DH is nearing retirement and the oldest DD is starting high school, the family has lost the desire to go to WDW....but they LOVED our most recent trip to HHI. When we returned, DH said that he wished that we would sell our AKV contract and buy enough points to do HHI every year. I am fine with going to HHI every year...it's way more affordable than WDW and we can drive. Unfortunately, I also love the fact that I can go in the fall for F&W and my birthday. DH and I I have a deal that I get to go to WDW by myself in October and then in November (for his birthday), he gets to go hunting for a week with his brother. So, I really don't want to dump the AKV contract and try to find an HHI contract because I still want to stay in those value rooms at AKV in the fall and I don't want to give up the 11-month window for the fall at WDW.

If the prices at AKV continue to rise, I will really have to start reconsidering my decision. If I could sell the AKV contract for enough to buy 85-105 HHI resale, I may be able to buy a small resale contract ANYWHERE at WDW. It would just be a small contract for a studio in October so I wouldn't need more than 100 points and I would actually lean towards OKW. Since the trips would generally be myself and a friend, the 2 beds in a studio would work great if that's where we got "stuck".

 

[Cyberc1978]

I think there are a couple of factors at play, the most important, long term - @ least until end date of contract comes into play - being the number of units at the resort which is all about supply and demand:

SSR - 828/1260 villas average listing $96 range $82/104 end date 2054
OKW- 531/761 villas average listing $85 range $70/120 end dates 2042/2057
AKV - 458/708 villas average listing $101 range $90/116 end date 2057
BWV- 383/532 villas average listing $106 range $95/127 end date 2042
BLT - 295/428 villas average listing $134 range $111/150 end date 2060
Poly- 380 villas average listing $146 range $135/155 end date 2066
RRV - proposed 300 villas
BCV - 208/282 villas average listing $122 range $115/128 end date 2042
CCV - 184/220 end date 2068
BRV - 136/181 villas average listing $85 range $81/95 end date 2042
VGF - 100/147 villas average listing $143 range $119//160 end date 2064

These prices are from a site that collects data from several but not all brokers. The larger villa numbers reflect maximum no. of villas (e.g. when 2 br. lock off used as studio + 1br.)
My personal gut feeling when I bought AKV a couple of years ago was that it was under priced compared to SSR & BLT, most likely because of the higher MFs at AKV & that through time SSR's & BLT's MFs would rise faster than AKV's & that ultimately the MF's would equalize w/ AKV's always being slightly higher, that BLT would always resell for more due to fewer villas & a more desirable location, but SSR should resell for less than AKV ultimately because it was so much larger, thus would always have more supply.

I dont think the lenght of the contract has anything to say, if it had wouldn't we have seen an increase years ago?

The MF could potentially affect peoples judgement, meaning if people buy because the MF are increasing more at BLT than AKV and thinking it might continue, then I think the wakeup call will be kinda hard. The property tax at BLT increased almost 10%. Assuming that BLT has been struck by the increased property taxes and AKV has not. Then AKV is in for a surprise. If the property tax ends up not increasing then I assume BLT will see a discount later this year. All-in-all I think the MF for next year will be in the favor of BLT vs AKV.

This is all assumptions we have to wait approx 3 months to find out

 

[CaliAdventurer]

I believe Rental has a lot to do with it. If you are a family who got turned on to rental and were planning a "one time" (we know how that ends) trip to WDW with kids AK is sort of the Grail. Casual visitors mostly have no idea that GF is the flagship or have ever heard of BLT let alone SSR. You put in a request for AK!

The last time I rented (made the request in 2015 for Oct 2016 within 11 mo window for a 2bed 9 nights) I was told by Davids and the other big company that the waitlist for AKV points was very long and I had a better chance somewhere else. Mind you this was before Pandora. In the end, Davids was the only company who could find me anything a couple weeks later and it was VGF (prob less demand based on point cost and awareness is my guess?)

 

[OlafSchmolaf]

Just wondering-

do you think there has been an uptick in per point pricing for AKV (an maybe other resorts as well)?
or are certain companies just trying to push the market upward?
Has Pandora had any affect? I believe i have read that upgrades to parks don't typically fuel sales of certain resorts.

I have looked at the most recent ROFR even some of those contracts seem to be going slightly higher than a couple years ago.[/QUOTE]

It does seem that 1 or 2 companies may be trying to push the market upward. We made several offers recently not willing to go as high as listed prices. Most of the agencies were flexible in their approach and the sellers often came down well below list price. However, 1 company who is listing their contracts higher also seemed to be the least flexible in dealing on price. While this should be the sellers determination, they are being represented by the agency. My sense was that they weren't willing to negotiate much. So, while there are a number of contracts with that agency I pretty much crossed them off my list of people to work with at the moment. As stated previously in this thread though, demand is up and supply is somewhat down so that helps the prices go up. Really its a matter of who will budge first, the buyers or the sellers and agents. Agencies are really pushing for more contracts to sell right now so I'm wondering if there will be a large inventory heading toward the New Year and then more contracts on top of those once annual fees come due. It will be interesting if they go down or continue to rise/hold steady at the current rate.

 

[Cyberc1978]

I believe Rental has a lot to do with it. If you are a family who got turned on to rental and were planning a "one time" (we know how that ends) trip to WDW with kids AK is sort of the Grail. Casual visitors mostly have no idea that GF is the flagship or have ever heard of BLT let alone SSR. You put in a request for AK!

The last time I rented (made the request in 2015 for Oct 2016 within 11 mo window for a 2bed 9 nights) I was told by Davids and the other big company that the waitlist for AKV points was very long and I had a better chance somewhere else. Mind you this was before Pandora. In the end, Davids was the only company who could find me anything a couple weeks later and it was VGF (prob less demand based on point cost and awareness is my guess?)

i'll give you that rentals in general may have impacted the prices in general. I certainly dont hope that people just buy one resort just because its the only one they know about. Since this is a signifcantly outlay of cash I hope people take time to educate themselves before buying.

I haven't tried to do so but if someone have some extra spare time maybe its worthwhile to look up and compare the amount of AKV contracts sold in june, july and august 2016 to 2017.

I only once tried renting through the rental companies and since I was like 2-3 months out, the inventory was pretty limited. If more people rent our their points instead of selling the supply will be lower and eventually increase the prices until the demand is met.

I started out a while back looking for an addon at AKV but as noted the prices has rocketed so for now i'm just waiting but have started to look at an Epcot resort instead.

regards

Just wondering-

do you think there has been an uptick in per point pricing for AKV (an maybe other resorts as well)?
or are certain companies just trying to push the market upward?
Has Pandora had any affect? I believe i have read that upgrades to parks don't typically fuel sales of certain resorts.

I have looked at the most recent ROFR even some of those contracts seem to be going slightly higher than a couple years ago.

It does seem that 1 or 2 companies may be trying to push the market upward. We made several offers recently not willing to go as high as listed prices. Most of the agencies were flexible in their approach and the sellers often came down well below list price. However, 1 company who is listing their contracts higher also seemed to be the least flexible in dealing on price. While this should be the sellers determination, they are being represented by the agency. My sense was that they weren't willing to negotiate much. So, while there are a number of contracts with that agency I pretty much crossed them off my list of people to work with at the moment. As stated previously in this thread though, demand is up and supply is somewhat down so that helps the prices go up. Really its a matter of who will budge first, the buyers or the sellers and agents. Agencies are really pushing for more contracts to sell right now so I'm wondering if there will be a large inventory heading toward the New Year and then more contracts on top of those once annual fees come due. It will be interesting if they go down or continue to rise/hold steady at the current rate.[/QUOTE]

 

[AnnaKat]

I AM CURRENTLY awaiting ROFR on a 160 point AKV contract. We are paying $109 a point.

I have had a lot tell me its way too high but it's what we are looking for and are willing to pay it. I'm just hoping it passes.

Wow!! The price for AKV is now ABOVE what we paid ( before Kidani opened).
Disney's price was $104, going up to $108 by month's end.
They gave us $8 per point,
so we paid $96 per point.

We didn't know about the resale market,
but in 2008 there was probably none available for Jambo Houses's small declaration.

If you are satisfied with your purchase,
THEN that's what matters.
Especially in getting your desired use year!

We were assigned a use year.
It is actually the WORST one for our travels


CONGRATS on your purchase

 

[Cyberc1978]

Looks Like the prices of AKV is already on a decline. Fidelity has some listed in the lower 90'es and some of the other brokers has also listings with a lower price.

 

[SPLzero]

You can't really judge that using Fidelity. They have always been lower. When everyone has listings 90+ Fidelity had listings in the 70-80s. I think AK will settle at mid 90s.