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sethschroeder · Aug 2, 2020

This seems crazy low. There are rumors of the 125 point increase possibly on direct membership and maybe even new purchases then as well.

I am wondering if Disney is trying to in the short term just take the loss that they know is coming and adjusting FY'21 targets (Oct-Sept is their FY from my understanding). Increasing minimum point purchases does help long term. Low point direct members have paid less profit to Disney allowing for less money to "buy" the incentives.

I am still wondering though if they come out with a limited time 15 day deal to drive sales going in to their FY end which is at the end of September (correct me if I am wrong on that).

CastAStone · Aug 2, 2020

sethschroeder said:
This seems crazy low. There are rumors of the 125 point increase possibly on direct membership and maybe even new purchases then as well.

I am wondering if Disney is trying to in the short term just take the loss that they know is coming and adjusting FY'21 targets (Oct-Sept is their FY from my understanding). Increasing minimum point purchases does help long term. Low point direct members have paid less profit to Disney allowing for less money to "buy" the incentives.

I am still wondering though if they come out with a limited time 15 day deal to drive sales going in to their FY end which is at the end of September (correct me if I am wrong on that).

Direct sales reopened 6/22. Assuming a 6 week delay, which is what I've read repeatedly here, we should start seeing contracts from that first week back filed this week. I assume we will see a lot from that first week (just a lot of pent up demand) and then I am not sure what we will see. I don't think it will be good.

DebbieB · Aug 2, 2020

Any insight into the 2 HH and 3 VB direct sales? Add ons?

sethschroeder · Aug 2, 2020

DebbieB said:
Any insight into the 2 HH and 3 VB direct sales? Add ons?

I had not looked up anything other than WDW myself so can not say.

sethschroeder · Aug 2, 2020

CastAStone said:
Direct sales reopened 6/22. Assuming a 6 week delay, which is what I've read repeatedly here, we should start seeing contracts from that first week back filed this week. I assume we will see a lot from that first week (just a lot of pent up demand) and then I am not sure what we will see. I don't think it will be good.

So there might be delays in areas but I saw contracts with signing dates as late as like July 10 if I remember correctly. With so few contracts it looks like they are running 3-4 weeks but can't say for certain can only go based on what I saw.

Might take another look again later to verify what that latest date was.

ForWhomTheMouseTolls · Aug 2, 2020

Full payment takes longer than mortgage. They are probably also doing more sales away from the parks which means they have to await documents being sent to them via FedEx. All in all, I’m guessing it has delayed at least some of the contracts being filed.

Lorana · Aug 2, 2020

CastAStone said:
Direct sales reopened 6/22. Assuming a 6 week delay, which is what I've read repeatedly here, we should start seeing contracts from that first week back filed this week. I assume we will see a lot from that first week (just a lot of pent up demand) and then I am not sure what we will see. I don't think it will be good.

sethschroeder said:
So there might be delays in areas but I saw contracts with signing dates as late as like July 10 if I remember correctly. With so few contracts it looks like they are running 3-4 weeks but can't say for certain can only go based on what I saw.

Might take another look again later to verify what that latest date was.

ForWhomTheMouseTolls said:
Full payment takes longer than mortgage. They are probably also doing more sales away from the parks which means they have to await documents being sent to them via FedEx. All in all, I’m guessing it has delayed at least some of the contracts being filed.

I made a direct purchase on 6/27/2020 and it has an estimated closing of 8/3/2020 (per my documents). While I have my contracts and points, my title deed has not yet been recorded, either. DVD utilized docusign for all documents (unlike my first direct contract where we had to return signed documents via fedex mail). We were paying cash (well, via CC) and not financing.

sethschroeder · Aug 2, 2020

Lorana said:
I made a direct purchase on 6/27/2020 and it has an estimated closing of 8/3/2020 (per my documents). While I have my contracts and points, my title deed has not yet been recorded, either. DVD utilized docusign for all documents (unlike my first direct contract where we had to return signed documents via fedex mail). We were paying cash (well, via CC) and not financing.

Have you checked to see if its recorded yet?

ForWhomTheMouseTolls · Aug 2, 2020

We bought two weeks ago and have not been recorded yet. Though we also sent the contract back yesterday, so not surprising.

LadybugsMum · Aug 2, 2020

I bought on 7/21 and have signed everything I can on my side. I've also sent in the document that required notarization. DocuSign is still showing that my contract is "Waiting for others" to do something with it.

sethschroeder · Aug 3, 2020

Sounds like maybe mid/end August we will have a more clear picture.

i<3riviera · Aug 5, 2020

sethschroeder · Aug 5, 2020

Ya just have to wait to see what August looks like and maybe early September as we should see volumes then of what was purchases since reopening through the end of the month.

Wondering if this might push better discounts.

ChipNdale8887 · Aug 5, 2020

sethschroeder said:
Ya just have to wait to see what August looks like and maybe early September as we should see volumes then of what was purchases since reopening through the end of the month.

Wondering if this might push better discounts.

Yep. Our direct contract is scheduled to close in september that we signed in july.

limace · Aug 5, 2020

Two months to close a direct contract!?!??!?!

ChipNdale8887 · Aug 5, 2020

limace said:
Two months to close a direct contract!?!??!?!

To note it was July 28th we signed. So not quite.

CastAStone · Aug 5, 2020

i<3riviera said:
direct DVC sales statistics

recording dates 2020-07-01 to 2020-07-31 (documents proofed by Orange County on 5 Aug 2020)

resort deeds points % points
AKV
6
545
4.0%
BCV
2
155
1.1%
BLT
4
360
2.6%
BWV
2
100
0.7%
CCV
12
1,495
10.9%
OKW
6
720
5.2%
PVB
1
100
0.7%
RVA
56
9,255
67.5%
SSR
4
550
4.0%
VGF
5
435
3.2%
98
13,715

no guaranteed weeks

for RVA points only...

average (mean) 165.3 points
median 175 points
mode 200 points (15 contracts, 3,000 points; 26.8% of all RVA contracts, 32.4% of all RVA points)

RVA by contract size (note: excludes split contracts; when someone buys 200 points across two contracts it shows as two 100 contracts in data below)

RVA contract size deeds points % total average contract
50-99
3
155
1.7%
51.7
100-149
14
1,500
16.2%
107.1
150-199
17
2,725
29.4%
160.3
200-249
16
3,225
34.8%
201.6
250-299
5
1,250
13.5%
250*
300-349
-
-
-
-
350-399
-
-
-
-
400-449
1
400
4.3%
400*
56
9,255
165.3

* only 250 and 400 point contracts; i.e. no 255, 292, etc.

delay from effective date (presumably when someone tells their guide they want to purchase though potentially before the signing date if they don't sign same day) to recording date (recorded with Orange county Florida); I've included previous data for reference
View attachment 515947

phun facts:
400 points was the largest contract (RVA); also initial contract (#.000)
25 points was the smallest contract (AKV); fourth contract (#.003) for the same person(s)
oldest effective date was 12 Feb 2020 recorded 9 Jul 2020 (~5 months)
most recent effective date was 14 Jul 2020 recorded 29 Jul 2020 (~0.5 month)
most popular use year was Dec with 30 contracts (30.6% of all contracts)
least popular use year was Oct with 4 contracts (4.1% of all contracts)
4 split contracts consisting of 1,800 points (13.1% of all points); 1,800 points RVA

1x pairs of 100 points
1x pairs of 200 points
1x pair of 250 points
1x four * 175 points
3 of 4 have initial contract in group (#.000)
55 initial contracts (#.000) including 3 of the split contracts
37 second+ contracts (#.001+) including 1 of the split contracts
6 were second, third, or forth of a split contract

if you read this far you probably like this; any suggestions for tables, charts, or analysis you're interested in?

https://or.occompt.com/recorder/eagleweb/docSearch.jsp

Have you tracked long enough to have a break out of Use Years for Riviera so far?

macman123 · Aug 5, 2020

2 of the BLT were me

becauseimnew · Aug 5, 2020

sethschroeder said:
Ya just have to wait to see what August looks like and maybe early September as we should see volumes then of what was purchases since reopening through the end of the month.

Wondering if this might push better discounts.

I keep wishing for this because having a blue card would be cool but none of the current benefits are worth the price difference.

i<3riviera · Aug 5, 2020

resort	deeds	points	% points
AKV	6	545	4.0%
BCV	2	155	1.1%
BLT	4	360	2.6%
BWV	2	100	0.7%
CCV	12	1,495	10.9%
OKW	6	720	5.2%
PVB	1	100	0.7%
RVA	56	9,255	67.5%
SSR	4	550	4.0%
VGF	5	435	3.2%
	98	13,715

RVA contract size	deeds	points	% total	average contract
50-99	3	155	1.7%	51.7
100-149	14	1,500	16.2%	107.1
150-199	17	2,725	29.4%	160.3
200-249	16	3,225	34.8%	201.6
250-299	5	1,250	13.5%	250*
300-349	-	-	-	-
350-399	-	-	-	-
400-449	1	400	4.3%	400*
	56	9,255		165.3

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