BLT prices

[farmermax13]

Does $136 pp sound bad for a 375 point contract?

Starting to see these prices drop like crazy

 

[intamin]

Didn't you just post this in the ROFR thread? It's not a bad price. It really depends on what you need aka right UY, right amount, and the points you want it to have right now to make any upcoming trips happen. Someone is always going to have a better price than you. I get the buyer's remorse having had it myself but at the end of the day the only thing that matters is you're comfortable paying what you got it for.

Edit: Not that long ago BLT was easily going for 150s-160s. You're fine.

 

[Stank]

I suppose you could always hedge your concerns by reducing the effective price you paid through renting out points after the purchase.

Say you bought at $136, dues are $8 (rounding up), you rent for $18, you just reduced the effective price of that contract to $126. Not considering frictional costs (commission, taxes, time, interest if any, etc.), you can do this to ease any heartburn or buyer’s remorse.

Ultimately, prices are absolutely heading lower. I view BLT as the gold standard for assessing DVC’s market health in general as its purpose is entirely tied to MK/Epcot vacationing. What BLT is indicating is a softer market ahead. $140 just sits, and sits, and sits.

 

[ocdb8r1]

I personally think BLT in the 120s is reasonable right now. There are a lot of contracts just sitting....not to mention that once the new Poly tower comes online, you're going to see another bump in capacity for the MK resorts (which already feel oversupplied).

Staying on the MK monorail loop used to be "the" pinnacle for a Disney World stay....now Disney has added so much capacity that there are very few times of the year you can't find availability if you're flexible on specific resort.

 

[bravo2zero]

I'll update the ROFR thread when our contract makes it way there (hopefully tomorrow), but we are under $135 for a 200 point contract neither nor stripped nor loaded. Its clear that the listing price (and many broker expectations!) do not still reflect the reality of the market. There are also sellers still paying some of the inflated prices (one contract I bid on I was told sold for more than $150 / pt at 180 points last weekend).

In the end, it's hard to say that $136 is neither good or bad, but there are definitely a number of sellers willing to sell a good bit below that if you're willing to go through multiple offers (may also be beneficial to buy 2 contracts as well if sellers are obstinate).

 

[Sandisw]

If the contract meets your needs and you are comfortable with the price, it’s a good deal. Passing on something just because others may be getting it a bit lower, and then having to wait to find something else doesn’t make sense to me.

Now, if you have seen others that are better fits, and want to keep trying, go for it. We personally never did that…we decided what we wanted to pay and paid it when we found a contract and seller who had the same notion of fair that we did!