Contracts drying up??

[VGCgroupie]

I know contracts are sparse atm but someone the asking prices from quite a few brokers are laughable esp when you compare them to quick sale tools and average sale prices.

Seems as if the board sponsor might be elevating price per point to make up for the no MF in these listings.

 

[TinkAgainU]

Would we say it’s “next door”?

It’s about a mile away…

Good point, it is about 1/2 mile from bay to bay of each on a beautiful walking sidewalk (with one bay in between) and both resorts are fairly large if you had a room set back from the oceanside. If I recall about a 15 to 20 minute stroll along the ocean. We found it almost exactly one cup of coffee or one glass of wine away lol.

 

[AstroBlasters]

Good point, it is about 1/2 mile from bay to bay of each on a beautiful walking sidewalk (with one bay in between) and both resorts are fairly large if you had a room set back from the oceanside. If I recall about a 15 to 20 minute stroll along the ocean. We found it almost exactly one cup of coffee or one glass of wine away lol.

It’s the same distance as the front of Hollywood Studios to International Gateway.

Not a terrible walk if the weather is nice, but definitely not “next door”.

 

[AstroBlasters]

Seems as if the board sponsor might be elevating price per point to make up for the no MF in these listings.

I agree that some of the recent listings are laughably high. Could be room for negotiation, unrealistic sellers, or maybe the market is firmer than we think….

 

[TinkAgainU]

It’s the same distance as the front of Hollywood Studios to International Gateway.

Not a terrible walk if the weather is nice, but definitely not “next door”.

That sounds like a good comparison of the walk from Marriott to Aulani. Four Seasons is actually "next door" but since it shared the same little lagoon/bay with Aulani, you'd still have what we felt was an "overcrowded" beach. That said, kids seem to enjoy a lot of other kids underfoot

 

[VGCgroupie]

Today is 1003. Lowest I’ve seen.

 

[disneylandtour]

Today is 1003. Lowest I’ve seen.

It'll probably down for another month until, around November, owners who don't want to pay another year's MF post up their contracts for sale.

 

[juliebee]

Today is 1003. Lowest I’ve seen.

dang, 1001 right now. Might go under 1000 this weekend.

 

[TinkAgainU]

dang, 1001 right now. Might go under 1000 this weekend.

If I'm reading the 2022 chart properly (first page of this thread) that's almost exactly where it was Sept/Oct of 2022? But not sure how useful that is as a comparison. With new resort contracts added every year - it's logical the number of contracts resold would increase just because there are more resalable contracts in existence.

In traditional real estate you often look at the number of properties on the market, and how many have sold in x amount of time to determine the turnover - the number of months worth of available inventory may indicate a Buyer or Seller market. I'm guessing if someone got bored they could work out a version of that from the info available.

I've not seen graphs with sufficient info to see a "selling" season but it make sense people rethink Disney about the time their annual fees come due.

 

[Chili327]

Today is 1003. Lowest I’ve seen.

dang, 1001 right now. Might go under 1000 this weekend.

Funny, I logged on earlier and it said 1001, then before I could even click it changed to 1003.
It may have already dipped under, but I think it may go under again and stay for a while.. like till spring.

 

[ChipTheRescueRanger]

At what point normally is it common not to pay dues on 24 points. Once 25 dues have been announced/run up or is it common to end up paying both ?

 

[JackosinDIS]

At what point normally is it common not to pay dues on 24 points. Once 25 dues have been announced/run up or is it common to end up paying both ?

Any time after June I would start asking for the seller to pay.

 

[CastAStone]

At what point normally is it common not to pay dues on 24 points. Once 25 dues have been announced/run up or is it common to end up paying both ?

Now-ish seems to be the changeover point.

 

[tx911]

Now-ish seems to be the changeover point.

I’ve always thought the buyer should pay dues on the points if they are the one’s getting them. IOW, If you are getting 2024 points, pay dues on them. Unless it’s too late in your UY to use or bank them, then I would want the seller to pay.

 

[TinkAgainU]

It'll probably down for another month until, around November, owners who don't want to pay another year's MF post up their contracts for sale.

I seem to recall not getting my DVC dues notice until December, due January 15th. I wonder if people "not using" them would think about them before their notices arrive? But I could see them calling DVC to ask about options at that point. Would be interesting to know how many people also miss banking deadlines. I have a friend with a Hawaii timeshare she paid on for easily 15 years without using it (wish I'd known her then lol) - she finally gave it back - no effort to resell. And she is relatively money-savvy. Just did not want to deal with a timeshare she knew was a knee jerk purchase.

 

[Sandisw]

At what point normally is it common not to pay dues on 24 points. Once 25 dues have been announced/run up or is it common to end up paying both ?

I think once you hit September, seller should be paying dues. Once I got to June, I never paid more than 6 months except once, and that is because it was a Dec UY, with banked 2018, 2019, and full 2020 and I was buying in 2020.

Dues are based on ownership and not any set of points, although resale treats it differently.

By the time someone buying now is an owner, 2024 is almost over so why pay dues.

 

[Chili327]

I’ve always thought the buyer should pay dues on the points if they are the one’s getting them. IOW, If you are getting 2024 points, pay dues on them. Unless it’s too late in your UY to use or bank them, then I would want the seller to pay.

I’d agree with this. Pay for what you’re going to use and do not pay for what you are not going to use. Regardless of what month it is.

 

[boba_balla]

I’ve always thought the buyer should pay dues on the points if they are the one’s getting them. IOW, If you are getting 2024 points, pay dues on them. Unless it’s too late in your UY to use or bank them, then I would want the seller to pay.

That was my logic when making my offer. I was only willing to pay a prorated amount for the 2024 dues based on number of points available. The one I eventually made an offer on still had all the points so I was fine paying for the 2024 dues as I was getting all the points for it.

 

[disneylandtour]

Here's the big problem, as I see it. It's not the dipping overall number. But (using the DVCforLess star system), it's that the vast majority of contracts are unappealing, many of which just sit there month-after-month. Out of 1014 contracts listed, 882 have the site's lowest rating (two stars). Only 132 have a rating of three, four, or five stars. That is, what I'm noticing is that the viable inventory is shrinking, but that's mostly invisible because a bunch of unsellable...or unappealing contracts (Hey, who wants Beach Club at $163? Good news, you have your choice of multiple contracts) remain for sale month after month.

Side note: if you're selling Poly, you might want to make a deal quickly, as I'm pretty sure that when incentives and MB and 2024 direct points are announced, upper end resale on this is going to take a quick nose dive.

 

[VGCgroupie]

Hey, who wants Beach Club at $163? Good news, you have your choice of multiple contracts) remain for sale month after month.

These ones boggle my mind.