Beach Club Sales vs. Boardwalk Sales?

[Tinkrbell]

Can anyone tell me why Beach Club has sold so darn fast compared to BWV???

The locations between the two are similar, and they are both upscale resorts, but I am perplexed as to why? Is it simply because of SAB??

I believe that it took 2-3 yrs. for BWV to sell out, and BCV are already 40% sold, projected to sell out by the end of the year, and just opened 3 days ago. Most people haven't even seen them.

Just Wondering?

 

[RobDoc]

There are probably many factors involved in the answer. BWV took over 4 years to sell out. It opened in summer 1996 and sold out in fall 2000. During that time, OKW was also being sold onsite and VB and HH were also for sale. BWV is also a much larger resort than BCV.

At this time, only BCV is available thru DVC as an onsite resort. To this point BCV sales have been driven by existing members- both as a 150 "home resort" and as an add-on tho their other holdings.

Certainly the location and amenities are also affecting the strong sales to this point, but there are also significant "other" reasons.

Enjoy!

 

[spruce]

I think that many people like the location of the BW but couldn't buy there because it is sold out. I also think that many new buyers waited to buy at BCV instead of WLV because they liked the epcot resort area more then they liked the WLV area. I think financing is easier through Disney then through timeshare financer (unless you get a 2nd mortgage and not everyone owns a home). In addition to these thoughts, I think that many DVC owners are adding-on at BCV for whatever reason. We added at BCV to have the 11 month advantage in order to add to our OKW or BWV stay with a day at BCV and SAB.......spruce

 

[PamOKW]

When BWV opened, DVC was still an unknown to the vast majority of Disney visitors. OKW is not on the beaten path. You had to take the time to stop and find out what DVC was all about and then go see it. The BWV sales center is right there on the Boardwalk where folks are more likely to wander in. So, the general public is much more aware of the DVC concept since either OKW or BWV first began sales.

There were also many people "waiting" for BCV to open and were ready to sign up the moment it opened. Another one of the many considerations -- when BWV opened it had an increase in price. When BCV opened, the attractive money back/free stay offer was extended along with the knowledge that price would go up after sales had begun. This could have pushed folks who might have "thought it over" longer.

 

[Tinkrbell]

PamOKW- What was the price increase at BWV from??

When we looked into BWV, Nov. 99, the price was actually less than $50/pt. with only the $500 dept.(I'm still nagging my dh about not signing up then ...) From my understanding, OKW started at about $52 or $53/pt ten years earlier.

But anyway, I'm sure your right about the fact that it was unknown to many people then. Advertising sure pays off.

Doc- Thanks again for your speedy reply. Pointing out the size of the resorts is a huge factor, I didn't even think about that.

Thanks


Were OKW owners allowed to purchase BWV at that rate? If you already owned OKW, did you qualify for the MB at BWV?

 

[RobDoc]

Actually, all resorts have the same selling price at the same time. There may be an incentive available which lowers the price (Magical Beginnings is $5 at BCV and $10 at VB and HH), but otherwise the price per point is the same. With Magical Beginnings, your first year's points are returned to DVC- but you would still pay maintenance fees on those points.

OKW did begin it's sales at about $50, but by 1996, when BWV began sales, the price had risen to about $58 per point. (I'm sure someone remembers the exact price in summer '96- it may have been higher.)

BWV was never offered at $50 per point as a purchase from DVC.

 

[DeeP]

OKW did begin it's sales at about $50, but by 1996, when BWV began sales, the price had risen to about $58 per point. (I'm sure someone remembers the exact price in summer '96- it may have been higher.)

This is when I bought my BWV membership and I think you are right it was either $58.00 or $59.00 a point. That sounds like such a bargain compared to todays prices!

 

[DebbieB]

When we looked into BWV, Nov. 99, the price was actually less than $50/pt. with only the $500 dept.(I'm still nagging my dh about not signing up then ...)

Was that a resale? I bought in September 1999 at BWV and it was $65 per point. They had the magical beginnings program where you could sell back your first year's points for $10pp, up to 150 over the phone or 200 in person. So if you bought 150 or 200 and sold them all back, the least it could have been is $55 per point net (direct from DVC).

It would be interesting to find out how much of BCV's sales are add-ons from current members and how much are new members.

 

[Tinkrbell]

Doc- The actual quoted price was about $63/pt

$9412.50 Quoted sales price
-$2000 for MB
-----------------
$7412.50 Purchase price would equal $49.42/pt


Of course this is before the 9.95% interest rate making the total payments $11,760.80 bringing the price up to $78/pt. This is all from my Note and Truth-in-Lending Disclosure Statement from DVC. Now you know why I'm still so mad at DH for not going through with the sales process, what a deal that was.

 

[wdwsos]

Originally posted by WebmasterDoc
OKW did begin it's sales at about $50, but by 1996, when BWV began sales, the price had risen to about $58 per point. (I'm sure someone remembers the exact price in summer '96- it may have been higher.)

Just looked over all my little contracts and it was actually a bit higher....

In August of 1995, when we first bought, the price per point was $62.75.

Add-ons in October of '96 and September of '97 were the same - $62.75.

Add-on in March of 2000 was at $65/pt.

Add-on in November of 2000 was $67/pt.

Add on in March of this year was at $75/pt.

 

[DebbieB]

Tinkrbell,

Are you sure it was November 1999? I remember when I first looked into DVC in early 1999 it was $62.75, but the price went up to $65 by the time I bought in September (around May or June I'd say).

 

[BCV23]

In our case we bought at BCV because we liked the location and promised atmosphere. We toured OKW when it was still called the DVC as I recall. I would have bought that day, but my husband didn't see it as a good investment and also thought as our children grew we would not go to WDW as often. Hah...we used to go about once/year...we've gone 3 times this year with Oct. and Dec/Jan trips planned. When just BWV was available and the VFW, I didn't push it because neither one is our cup of tea. The Boardwalk has too busy of an atmosphere for us and we go to northern Wis. each August so aren't interested in that kind of decor when we are in Florida. They are both beautiful resorts so please don't flame me...just not for us. In fact if BCV ends up being too hectic or frustrating (I don't care for the lack of a 24 hour snack bar)...it'll be off to OKW for us. I know it has even fewer dining options but the extra space would make up for it for me. Saw the BCV on Monday though and it is lovely. Can hardly wait for October.

 

[Tinkrbell]

I'm Sorry, your right it was Nov. 98. Thanksgiving.

DebbieB- No that was not a resale, it was direct through Disney, but as noted I was wrong about the year. All of those figures were from my Disney Truth in Lending statement including the interest rate.

We were also on site when we purchased, so I don't know if they offer a better deal for being there, as opposed to a phone sale. When our paperwork arrived at home a few weeks later,
DH backed out of the deal and cancelled.

 

[mikesmom]

I think you have something called "critical mass" working for DVC. The more members you have , the more people are around to talk about it, the more people hear about it (in a positive note!) the more people join, etc. Plus you have places like here at the DIS to spread the word. Word of mouth is a very powerful marketing tool and once that snowball starts rolling downhill it picks up speed.

Each succeeding DVC resort is selling out faster and faster. In addition, it became obvious there for a while that the BWV area, with it's easy walk-in to 2 parks is sometimes very hard to get if you don't have an 11 month window. I suspect some of the quick buyers are current owners or others who wanted ressies in the Boardwalk area and couldn't always get them.

 

[PamOKW]

I guess I should look at the cost history before posting.....there was NOT an increase when BWV opened. The price went from $61.50 to $62.75 when Vero opened in October 1995. BWV opened in July 1996. It looks like the next increase wasn't until January 1999 when it went to $65.

If anyone has info that "fills in the blanks" differently, please share and I'll try to keep a running history.

 

[Dean]

Originally posted by Tinkrbell
Doc- The actual quoted price was about $63/pt

$9412.50 Quoted sales price
-$2000 for MB
-----------------
$7412.50 Purchase price would equal $49.42/pt


Of course this is before the 9.95% interest rate making the total payments $11,760.80 bringing the price up to $78/pt. This is all from my Note and Truth-in-Lending Disclosure Statement from DVC. Now you know why I'm still so mad at DH for not going through with the sales process, what a deal that was.

$62.75 X 150 points is $9412.50. However, you would have had to buy 200 points to get the $2000 discount for MB at $12550. You would have still had to pay for fees for that year and the discount for 150 points would have been max of $1500. That still places the per point costs at above $56 per point with no points for the first year. Resale at that time could be had for less than $50 per point including all of the add on costs. If you wanted, you could also rent your first years points on a resale effectively giving you the same deal assuming adequate points availability.

 

[elissam]

Has anyone considered that it is just a nicer resort? ... quieter, newer, many rooms with very special views, and, especially, with the best pool of all the resorts in WDW?

If the resorts were equal why would people be paying such a premium for BCV when BWV resales are available and interest rates are at an all time low?

The fact that BCV is 40% sold out in such a down economy speaks to how appealing the resort is. If the economy were still booming I bet it would already be sold out by now.

BCV owners have the Boardwalk and Epcot amenities easily available to them, but BWV owners do not have SAB or the serenity which BCV provides. So I think many people perceive that you can have it all at BCV (assuming price is not your primary consideration) whereas you can't get the best of everything at the other resorts.

 

[Dean]

Originally posted by elissam
Has anyone considered that it is just a nicer resort? ... quieter, newer, many rooms with very special views, and, especially, with the best pool of all the resorts in WDW?

If the resorts were equal why would people be paying such a premium for BCV when BWV resales are available and interest rates are at an all time low?

The fact that BCV is 40% sold out in such a down economy speaks to how appealing the resort is. If the economy were still booming I bet it would already be sold out by now.

BCV owners have the Boardwalk and Epcot amenities easily available to them, but BWV owners do not have SAB or the serenity which BCV provides. So I think many people perceive that you can have it all at BCV (assuming price is not your primary consideration) whereas you can't get the best of everything at the other resorts.

While I'm sure there's an element of accuracy to this, I don't think this is a major reason. People buy for a number of reasons and include. Those would consist of those that want to buy BCV because they like the location. Those that want to buy from DVC directly and this is all that is selling. Those that don't know any better and went on the tour. Those that are buying BCV as an add on for any one of a number of reasons. Those that wish they could buy BWV or OKW. Those that want to have access to SAB and see buying there as the ticket. I'm sure there are other variations.

Remember that VWL sold out as fast or faster than BCV is likely to. While I really like WL, I don't see the villas there as having quite the appeal across all of the owners as BW and BCV. I know there are those that waited specifically for BCV knowing they could buy BWV resale at a cheaper price but suspect it's a relative few. The one concern I have about BCV, WLV and DI is being the step child of the resort in question. In both current cases the DVC is a relatively small component and at WLV so far, it appears DVC members have at times been treated second rate. Poor service, inaccurate answers, folio problems, rooms reserved but not available and the like. While I suspect and hope these are the exceptions rather than the rule, they have been reported far more than similar issue at BWV or OKW even though they have more rooms. I hope it's simply growing pains but have some concerns. BWV is different because the DVC portion is the major component and was there from the get go.

 

[Terry S]

Originally posted by Dean
I know there are those that waited specifically for BCV knowing they could buy BWV resale at a cheaper price but suspect it's a relative few

Dean, I am not quite sure I understand what you mean by this statement. Everyone on these boards that bought at BCV knew they could have bought BWV cheaper, they just didn't want to! That is not a relative few!

 

[Tinkrbell]

Dean-When we were purchasing they added our $500 down to the $1500 MB payment to make it equal $2000.