I think prices may dip slightly, but will be generally unchanged. If prices dip significantly, I'll be looking to add points.
Wonder if they are in for a drought now. Looks like it's going to be a buyers market now
I've wondered the same as well.
I think it could really be a buyers market for awhile so long as DVC doesn't get real aggressive on rofr.
I think it could really be a buyers market for awhile so long as DVC doesn't get real aggressive on rofr.
I would say that prices have to go down and even Disney does not have the power to buy back enough points to stop the downward trend. This is great because as we draw near to retirement we will be able to pick up some bargains and spend lots of time in the warm sun rather than the cold snow.
. . and if I even continue to list it I will be RAISING the price.The broker told me I was not the only one doing that. No matter what Disney does there still has to be an agreeable price between buyer and seller.
I could certainly see prices going up. There are a number of buyers who are only buying DVC for trips to Disney. Now that the urgency of selling is almost over, it seems likely that sellers will be less willing to get low-balled just to get out from under ownership. Prices should still be good, since there are many sellers who need to get out of DVC due to personal financial issues related to the economy. I would personally like to see prices go down a little more to get another add-on, but I can definitely see other sellers thinking like this PP.
I'm curious too to see what happens next. How long will resales be listed with little to no activity. After the buying frenzy that is ending now, I wonder if those contracts that did not sell will be willing to negotiate. Also, I think those stripped contracts will be around for a long time. Hopefully those owners will not continue to strip them in order for them to compete against other contracts. We would pick up a bargain if we see one, but with some contracts going for as low as $51 for BWV, I doubt we see anything lower. I'll be watching for more add on points for BWV if I find the right contract for me. I also guess the folks at the resale offices will be able to sit back and take a breath, but I'm sure they made a pretty penny during all of the most recent activity. Wonder if they are in for a drought now. Looks like it's going to be a buyers market now and I'm ready -- got the cash to buy the right contract as soon as I see one. Though it would be my .7 contract as I have 6 already (all Disney direct purchases)....April UY.
I am constantly surprised at what little price difference there is between stripped and loaded contracts. Loaded contracts may sell a little faster but IMO overall the bottom line prices are often pretty close.
BTW...Still waiting on ROFR...1 week left...going nuts...submitted on 2/24. Fingers crossed.
Keep looking, I also submitted on 2/24 and got news that I passed ROFR today.![]()