For people who have been following resale listing

[ffindis]

I sopped following the resale listing in November or so. I just started looking again and it seems to me that prices are trending slightly downward. What do you think?

 

[sndral]

I've been checking VGF listings almost daily and I've noticed that the asking prices are dipping a bit while the number of contracts for sale has gone up. The numbers aren't enough for me to see a trend, but I had noticed. However, the asking prices are still much higher than 6 months ago when I almost made an offer on a VGF contract.

 

[DVC Doctor]

I think prices are pretty high and do not see any major corrections anytime soon

 

[Snurk71]

For the resorts I follow (BLT, BCV, VGF, VGC), I'd say listed prices are down a little - but not much ($5/pt max on a few select contacts). No data to back this up - just my gut guess based on reviewing the listings as they hit my inbox.

 

[mel&me]

I have been watching for a while, just bought another, there down a little not much. depends on size smaller contracts still up

 

[CraigInPA]

Prices have risen over the last year, in most cases, more than 15%. This is primarily due to three factors:
1. DVC is directly selling Poly and Aulani, and has closed wait lists on many popular resorts. People who want 1 bedroom, 2 bedroom, 3 bedrooms, or a different home resort have found resales, which have gone in price because there are more people looking.
2. DVC has priced new resorts at $165 (and going up again) per point, making an $x per point resale seem like a good deal, even if it is running out in 2042 or 2057.
3. The economy is somewhat better.

Prices have dipped a bit recently, but I suspect that's because MANY contracts are arriving on the market that are completely stripped, and it's the beginning of the year when people are paying their dues and want to get rid of their timeshare.

 

[2theCastle]

When I was following prices in anticipation of buying in, I stumbled across some data presented on the Fidelity resale blog which followed the prices over a couple years period of time. One of their conclusions was that resale prices dip in February. This could be the trend you are seeing. We purchased at the end of January as I noticed the best price
I had seen on a 100 point contract in many months, $80 for 100 points at SSR. I think I agree with their point data in my own experience!

 

[jerseyduke]

When I was following prices in anticipation of buying in, I stumbled across some data presented on the Fidelity resale blog which followed the prices over a couple years period of time. One of their conclusions was that resale prices dip in February. This could be the trend you are seeing. We purchased at the end of January as I noticed the best price
I had seen on a 100 point contract in many months, $80 for 100 points at SSR. I think I agree with their point data in my own experience!

THIS!
Over the years I have noticed that resale prices tend to dip slightly in the early months of the year. I think it has a lot to do with people not wanting to pay the dues. But Jan-March has historically seemed be produce some slightly lower prices.

 

[pmaurer74]

Don't a lot of contracts come on the market in the winter because MFs are due? Also, I think demand is higher in the summer after people go on their trips and are interested in DVC.

 

[ziravan]

Don't a lot of contracts come on the market in the winter because MFs are due? Also, I think demand is higher in the summer after people go on their trips and are interested in DVC.

There tends to be a price spike in the Fall (after people take summer trips and become interested) followed by a minor ease during Winter (I think this is more slightly lower demand than dues. If dues are an issue to pay in Jan, ppl can pay monthly and prorate the sale.)

I've noticed this for a few years.

So. Expect prices to rise again slightly as we move to warmer months.

 

[BWV Dreamin]

There tends to be a price spike in the Fall (after people take summer trips and become interested) followed by a minor ease during Winter (I think this is more slightly lower demand than dues. If dues are an issue to pay in Jan, ppl can pay monthly and prorate the sale.)

I've noticed this for a few years.

So. Expect prices to rise again slightly as we move to warmer months.

And as DVC raises direct pricing.

 

[Brian Noble]

Resale prices are driven almost entirely by macroeconomic trends. When the economy is doing well, owners are taking vacations (not selling), and many are looking to buy. When the economy is doing poorly, more owners are looking to sell, but fewer are looking to buy. There is a seasonal factor to this as well: spring/early summer tends to see a peak, and late fall/early winter a trough, but that's less pronounced with DVC vs. other timeshares because one can pay one's dues monthly.

 

[3 DD love princesses]

From Watching BLT listings back when I started really watching in May last year till now its a $6-10 drop but thats only looking at listing prices not what they have actually sold at.

 

[jmmess]

We've always bought our contracts this time of year as there is traditionally a bit of a dip due to the reasons stated above. Overall prices are still up from the prior years, but don't believe it to be an indication of anything more than the time of year.