BWV's resale prices

[bluslag]

Just wondering if anyone had any thought as to why BWV resale prices don't seem to be increasing. OKW is slowing increasing and BCV definally have stayed up there. When we first bought at BWV we thought and still feel it is a great place to be.

 

[corpcomp]

I guess that from time to time one location seems to be more popular than others and BCV's biggest attraction seems to be SAB (not accounting for the great Gelato).

I would not be surprised to see BWV increase and catch up but I would not worry about it. After all most do not buy for the appreciation and these will continue to increase as long as Disney artifically inflates the prices via ROFR.

In 10 years they will probably be $150 for BCV but at that point will probably start dropping as the life of the resort gets shorter (at the point where the contracts are less than 20 years left - a point that most people realize they will still be alive).

However, this is all about fun. Another way to look at it is that you can buy more points more cheaply at BWV than at BCV.

 

[salmoneous]

There is a reasonable possibility that it's just a fluke. Markets are ruled by supply and demand. A little imbalance can really tip the price scales.

My gut tells me that is what is going on with BWV/BCV pricing. For whatever reason, somewhat fewer BCV owners are putting their memberships on the market. Or maybe, of the people looking to buy resale, there happen to be a few more BCV fans out there than BWV fans.

But I don't think it's a long term preference for one over the other and the prices will come closer together in the future. (Key word being think - I'm just guessing here.)

 

[tjkraz]

In 10 years they will probably be $150 for BCV but at that point will probably start dropping as the life of the resort gets shorter (at the point where the contracts are less than 20 years left - a point that most people realize they will still be alive).

I don't think it will take that long for prices to decline.

I'm guessing the target market for DVC points is going to be young families in the 30-35 neighborhood. I think the impact of the reducing contract will be noticable when there are about 30 years left. I can't see people paying top dollar for something that expire before they even retire--especially if DVC is offering a comparable alternative with about 50 years of ownership.

 

[m4travel]

<snip> After all most do not buy for the appreciation <snip>

Just the usual caveat: Never buy a timeshare expecting appreciation. If it happens, swell; if it depreciates, it's business as usual.

 

[Doctor P]

IMHO, BWV is by far the worst of the DVC resorts. I know a lot of people like it, and I respect that, but with other options it is possible that its second tier status is catching up with it if others feel the same way I do. I'm not saying I would never stay there again, but it would be very, very low on my list.

 

[littlestar]

We just sold a small BWV contract through the Timeshare Store and it sold for $93 a point. I thought that was pretty good.

 

[DVC Grammy]

IMHO, BWV is by far the worst of the DVC resorts. I know a lot of people like it, and I respect that, but with other options it is possible that its second tier status is catching up with it if others feel the same way I do. I'm not saying I would never stay there again, but it would be very, very low on my list.

I don't exactly see the "respect" of others' opinions, if you classify a resort as "second tier". According to what scale of measurements?

 

[Kathy C]

We just got back yesterday and bought 50 more BWV pts while there. We were lucky our guide was in and had pts available in our use year. We'll now be selling out OKW 50 pt contract. We did stay at OKW this time and while it's a very nice resort, BWV is our favorite. We're spoiled by the location. We always rent a car if staying at OKW so we don't have to wait on the bus. That's just our feeling.

Our guide did say that he would try to talk first time buyers out of buying at BWV or any other DVC except Saratoga Springs. Said it was the best buy - with a referral it's $86 per point and no closing cost. He's been a DVC guide for 12 years - he said the 11 month window doesn't matter. I tend to disagree but that's just my opinion.

 

[Dean]

IMHO, BWV is by far the worst of the DVC resorts. I know a lot of people like it, and I respect that, but with other options it is possible that its second tier status is catching up with it if others feel the same way I do. I'm not saying I would never stay there again, but it would be very, very low on my list.

BWV is my second favorite and I'm sure you'll get some posts from some overly sensitive peoplesaying your bashing. However, IMO, you are not. If that's how you truly feel that's OK and you are both entitled to feel that way and to say so.

 

[keishashadow]

We just sold a small BWV contract through the Timeshare Store and it sold for $93 a point. I thought that was pretty good.

congrats...I'd expect the same if I sold either of my small contracts...potentially worth even more considering they're the "golden ticket" to gain entry to DVC with far less of the DVC min. point purchase.

If we do decide to sell either, think we'll "challenge the market" & see where the chips fall.

 

[littlestar]

congrats...I'd expect the same if I sold either of my small contracts...potentially worth even more considering they're the "golden ticket" to gain entry to DVC with far less of the DVC min. point purchase.

If we do decide to sell either, think we'll "challenge the market" & see where the chips fall.

Thanks. I've been on a "paying off the bills kick" here lately and we've still got plenty of DVC points so I thought, why not? My husband just shakes his head at me and says, don't you dare touch my VWL points. I kept a small package of BWV points for my son-in-law who loves the Boardwalk area and ESPN.

 

[Doctor P]

I don't exactly see the "respect" of others' opinions, if you classify a resort as "second tier". According to what scale of measurements?

If you read the entire quote in context, the reference to second tier status was "if other people feel the way that I do" which I do not presume nor assume.

 

[CarolMN]

...(snip).....Our guide did say that he would try to talk first time buyers out of buying at BWV or any other DVC except Saratoga Springs. Said it was the best buy - with a referral it's $86 per point and no closing cost. He's been a DVC guide for 12 years - he said the 11 month window doesn't matter. I tend to disagree but that's just my opinion.

I share your opinion. Obviously, the guide is in the "I don't care where I stay" camp. I believe that you can pretty much stay at any DVC resort for almost anytime of the year if you call day by day at 7 months. And you can always get something at WDW at 7 months no matter what time of the year you vacation.

But for those of us who do care where we stay - maybe we want a standard view or guaranteed Boardwalk view room, or a 2 bedroom with 2 queens at BCV or VWL during the Holidays, or a GV at OKW, or etc., it does matter. It matters a LOT.

 

[mikron]

I think the push by disney for SSR has everyone directed toward the great deal. It will be interesting what will happen when AK goes on tne market.

 

[joepoe]

Disney does not artificially inflate the price. They are a motivated buyer. They turn right around and sell them for a profit. Otherwise I agree with your post.

I guess that from time to time one location seems to be more popular than others and BCV's biggest attraction seems to be SAB (not accounting for the great Gelato).

I would not be surprised to see BWV increase and catch up but I would not worry about it. After all most do not buy for the appreciation and these will continue to increase as long as Disney artifically inflates the prices via ROFR.

In 10 years they will probably be $150 for BCV but at that point will probably start dropping as the life of the resort gets shorter (at the point where the contracts are less than 20 years left - a point that most people realize they will still be alive).

However, this is all about fun. Another way to look at it is that you can buy more points more cheaply at BWV than at BCV.

 

[crisi]

We bought in 2002 for $63 a point resale.

Was looking last year and listings were at $83.

Current listings are at $87.

They haven't gone up as fast as BCV, but that's a supply and demand thing - BCV is a smaller resort and has a lot of hype going for it right now (perhaps deservedly, we aren't SAB fans, but I can see why you'd want to own there). But they've gone up faster than OKW - which we almost bought for $63 when we bought our BWV contract for the same price.

When we bought resale, VWL had just stopped selling, and was selling for a significant premium over BWV - people needed to get their money back. I think contracts were around $74 (that was where my heart was, my wallet was at somewhere more affordable). That has since leveled out, so BWV and VWL are about the same price. I think the same phenomenon is happening with SSR resales - a lot of people can't afford to sell for less than $84 resale (and Disney will exercise ROFR more aggressively on its active property), so the resale price is currently higher than what it may stablize out to over a longer term. I think the property has to be past being actively sold for a year before you have a good idea of how it will price out long term in the resale market.

 

[UConnJack]

IMHO, BWV is by far the worst of the DVC resorts. I know a lot of people like it, and I respect that, but with other options it is possible that its second tier status is catching up with it if others feel the same way I do. I'm not saying I would never stay there again, but it would be very, very low on my list.

I would probably say the same thing about SSR, but I would never say it. To each his own.......

 

[tjkraz]

Disney does not artificially inflate the price. They are a motivated buyer. They turn right around and sell them for a profit.

I would buy that if DVC's ROFR were motivated by sales needs for each particular resort, but I highly doubt that is the case. I'm quite sure they are sitting on a sizable pile of VB, OKW and HHI points which were ROFRed due to resale price, not need.

Still, whatever you want to call it, if DVC were to end its ROFR resale prices would immediately decline at most resorts. Sellers, brokers and most buyers know that you need to make an offer in a certain ballpark or have no chance at getting the contract. Remove DVC from the equation and the free market system will certainly force changes to the current pricing model.

 

[kimberh]

We were so impressed with Boardwalk Villas. We stayed at BeachClub and Boardwalk in the same week and the view is at the Boardwalk villas. I guess the room that you have there, may have a lot to do with how you feel about it. We had a GREAT view and it was a preferred view not a Boardwalk... We were just about on the Boardwalk.