How do park changes affect resale?

[theyoungs07]

I think most people would agree that the Parks are at a valley in terms of available entertainment value. There is a TON of construction and closings, for those who have been in the DVC mindset for years...how has that affected resale prices over the years?

For instance, I'm interested in buying but may wait a year or two to have all of the cash on hand as well as some large home improvements completed first. I look at the looming announcement that I'm sure will happen..."Star Wars Land", couple that with "Avatarland" and I wonder what that will do to the resale market? More buyers driving prices up?

Does this affect anything, or is the steady rise in park attendance overriding this effect?

 

[disneynutz]

DVC direct marketing / direct prices is what drives up resales along with search engines IMO.

Bill

 

[BuffaloJim]

I would guess that some construction projects could have an effect on resale prices. For instance, the new Downtown Disney will probably make staying at Saratoga Springs somewhat more popular which in turn might raise relative resale prices for that resort.

 

[Hogzilla]

DVC direct marketing / direct prices is what drives up resales along with search engines IMO.

Bill

I agree with Bill ..... the number one thing driving the resale market is the direct DVC prices from Disney.

 

[davidl81]

It's easy to see historical direct prices, but I wonder if there is a way to see historical resale prices. I would be curious to see at what rate resale have increased over a 10 year period.

 

[suebeelin]

I've only followed the resale market since 2011, but it seems to be a combination of the economy, direct prices, popularity of Disney, location of the resort in addition to availabilities at the resort during the 7mo mark, which drives the prices-- imo.

For example, take BCV vs BWV.... Same location. There are fewer BCV contracts/units available and harder to get BCV during the 7mo mark. So BCV commands a higher resale price.

BWV vs AKL-- easier to get AKL during the 7 mo mark. BWV also has a more desired location. Thus, they are similar in price despite the additional years on AKL.

Gcv-- very few units and only dvc in California. Hard to get at the 7mo mark. High resell prices.

SSR- has improved in resale prices the most since 2011/2012, but still the most economical. Perhaps the renovations at DTD has affected the pricing... Or people are attracted to it's "value". However, it's still the most cost efficient to buy resale bc it's the easiest to get at the 7 mo mark. That, plus the location (DTD), is not generally as desireable for most buyers.

The economy also has a lot to do with it. People have more money to spend on luxury non necessity items. So, the resale market has gone up.

Of course, the popularity of Disney affects the hotel room rates (it's been record occupancy recently no?). That makes it more desireable to have dvc bc of the cost savings. If it was cheaper to rent a hotel room direct, dvc would not make as much sense.

It's not an exact science. I'm just guessing. But that's just my cursory opinion based on what I've seen the last few years.

 

[ParkHoppers]

A lot of construction now means an inconvenience in the short term but great things in the long term. I always welcome construction of any kind at Disney. I feel the economy and Disney direct prices are the main drivers of resale prices. With more and more DVC villas being built every year and Disneys current improvement pace to the property now and the near future is a great time to be a DVC member IMO.