Falling resale listings

[pinnocchiosdad]

I know that we have been down this road before, but!!! I just looked at the current listings on The Timeshare Store inventory page. It seems like I use to scroll through pages and pages of listings. Not anymore. Is it the economy? Does DVC ownership make less sense today? Is it the new resale rules

 

[rcchello]

When the economy is bad people need to convert assets to money, the number of sellers go up and buyers go down - lots of contracts available, prices fall. When the economy goes up, less sellers, more buyers - number of contracts available drops, prices rise.

We are in a rising economy, slow but rising.

 

[chalee94]

i agree with rcchello.

fewer listings means an improved economy.

not many owners are being forced to sell (or even feel a need to sell), and those who do decide to sell are often able to sell more quickly, so you won't see nearly as many contracts sitting "for sale" for a month or more...

if the OP had looked closely, you would have noticed the pricing for what few resales are offered for sale is higher than it used to be.

no telling what the future will look like, but if you were leaning toward getting out of DVC, it seems like now is a pretty good time...

 

[twinsouvenirs]

Also, probably 7 out of ten new listings I have inquired about were snapped up within 3 days of listing, maybe 5 of those 10 at full price. Some I doubt even made it onto the web pages. The only ones that are sitting are ones where the buyer is firm on an above-market price or they are a really large contract.

We finally gave up on snagging a decent price on BWV for our use year and bought at SSR, which we love and were able to find a good seller--we offered the day it was listed (actually within 3 hrs of posting). So from a buyers perspective--we've seen the listings fly off the shelves, which sounds like a thriving DVC market and stronger economy, since the financing options aren't as flexible (or abundant) as for a direct purchase. Another sign of the strength is that DVD is not offering any incentives on GFV and from my understanding, sales are strong on that as well.

 

[Deb & Bill]

Also, some members haven't received their first annual member fees bill yet. Come December, I bet points available for resale will rise again.

 

[spruce]

Also, some members haven't received their first annual member fees bill yet. Come December, I bet points available for resale will rise again.

What? Do you really think that most new buyers haven't considered dues costs and when hit with their first bill sell?

 

[twinsouvenirs]

I would think at least for the first year these would be easy to anticipate?

 

[Missyrose]

I personally think there was a ton of turnover when the bottom fell out on the economy and virtually everyone who needed to sell sold and many of the people who thought they might need to sell did, as well. Now that the economy is better, there are fewer of those borderline owners and thus, the pool of contracts for sale has shrunk dramatically.

 

[dbs1228]

Not to mention Disney is taking contracts back more then they have in a very long time. If Disney ROFR'd 50 contracts over 3 - 4 months that is 50 buyers who are still looking to purchase and bid on the next contracts listed. For me it took 3 tries as many others who post on the board.