DVC resales....are they beginning to slow down?

[jnjhuddle]

I was noticing the volume of resale listings is much greater than it has been in months. Contracts don't seem to be "flying off the shelves" like they were during the summer. Does anyone think we hit the height of the market bubble or is this just a normal slow down for this time of year? Thoughts?

 

[HookdonWDW]

I think it's time of the year. People are thinking about the holidays. Dues will be due soon, I've noticed a lot of stripped points. Prices are way up. I think those who wanted to buy bit, and others are just waiting for the right contract to come along...

 

[davidl81]

Good loaded, mostly loaded contracts are still selling super fast. I tried to get two at SSR in the high 80s that were gone within a few hours of being posted. I think maybe some of the higher priced stripped contracts are kinda hanging around a little bit.

 

[pmaurer74]

I noticed a lot more contracts, higher priced and they are taking longer to go. it could be the higher prices and maybe some people selling due to the AP increases.

 

[ldo]

I bought AKV last Jan. Comparable contracts at TSS are $7-8 more now and sold within 3 days. Other contracts not sold are the same price and stipped. So, I agree, at leat for AKV, contracts with current points are still flying off the shelf.

 

[mickeyman]

I bought AKV last Jan. Comparable contracts at TSS are $7-8 more now and sold within 3 days. Other contracts not sold are the same price and stipped. So, I agree, at leat for AKV, contracts with current points are still flying off the shelf.

I just bought AKV 160 point contract for $75 per point. No points until next year though. Anything with current points was closer to $90

 

[jnjhuddle]

There are 39% more total listings TODAY compared with 6 weeks ago. BCV, specifically, has seen a 266% increase in the number of properties listed for sale today vs 6 weeks ago. I'm specifically talking about sales possibly slowing this past week. For whatever reason, most of the SSR contracts do appear to be stripped but I see a mixed bag on the other properties. There is a BCV contract with double points coming this February that was listed in 10/20/15. What?! If this was the same environment we saw this past summer, it would have been listed as sales pending that very day.
For those that consider a contract stripped, we are nearing the end of 2015, and likely anything that was bid on today won't close until the beginning of 2016, so are you calling something with points coming the first half of 2016 stripped?

 

[Dean]

I noticed a lot more contracts, higher priced and they are taking longer to go. it could be the higher prices and maybe some people selling due to the AP increases.

I'm not disagreeing with you just pointing out the irony that someone would sell a timeshare that cost thousands of dollars based on a few dollar increase in passes that they likely wouldn't have even considered before buying in. Plus anyone in this situation likely bought before any DVC discounts for passes as well and they should have considered such potential changes prior to buying. Certainly it's expensive to go to WDW but it was when I bought in 1994 as well. Ultimately it means that if the admission increases or other changes within Disney alone are the cause of selling, they made a poor choice up front having the information they needed to make a better choice. People's situation and preferences change which should be the best reasons for deciding to sell.

 

[deide71]

Supply and demand. Demand goes up, price goes up, supply goes up, demand goes down...

 

[disneynutz]

Disney has been increasing their ROFR activity probably due to PVB sales being slower than expected.

Bill

 

[jmassey1samchi]

Maybe some combination of more people selling their interests due to higher resale value, higher ap prices, dues coming soon, and less people buying due to the time of year. Kind of the same with real estate and rental property this time of year. People are distracted with the holidays. Could cause a short term drop in resale prices though.

 

[suebeelin]

Disney has been increasing their ROFR activity probably due to PVB sales being slower than expected.

Bill

I actually think their rofr activity is in anticipation of the 2042 end date, and expansion plans.

BWV/BCV rofr is in anticipation of Star Wars and toy story land (and the subsequent likely popularity of these resorts).

WLV is bc of their expansion plans.

SSR? Not sure about that one.

 

[CarolMN]

I actually think their rofr activity is in anticipation of the 2042 end date, and expansion plans.

BWV/BCV rofr is in anticipation of Star Wars and toy story land (and the subsequent likely popularity of these resorts).

WLV is bc of their expansion plans.

SSR? Not sure about that one.

Maybe the completion of Disney Springs?

 

[DisBuckMan]

Maybe the completion of Disney Springs?

That's what I'm thinking.

 

[heynowirv]

I think the prices are crazy now. Just last March we found and passed ROFR on a 150 point fully loaded SSR for 75. Now they're going for over 90? How can this be?

 

[mickeyman]

I think the prices are crazy now. Just last March we found and passed ROFR on a 150 point fully loaded SSR for 75. Now they're going for over 90? How can this be?

I passed ROFR on a 160 point AKV for $75 per point last month. Good deals still around but they go quick

 

[ustasmom]

I guess it depends what you are looking for. There seems to be less contracts at fewer properties, although higher points.