IF I were shopping for resale RIV…

[AstroBlasters]

For the for medium term, Riviera resale prices should mirror whatever Beach Club is selling at. In both cases, you're buying there because it's a nice resort that you want to stay at exclusively (different logic for each, but same conclusion).

Post 2042, resale restrictions will become more mainstream and the number of away options will diminish. Who knows what the average DVC point will be worth then.

There is a vastly different supply of RIV points than BCV points.

They also have very different point charts…. which makes each BCV point more valuable and is reflected in the market value.

 

[sndral]

…I’m looking at contracts and realizing that RIV is cheaper than BWV right now, with nearly 30 years longer on the contract. Kind of hard to ignore that.

I looked at a DVC resale aggregating site & saw BWV asking prices starting at $102, w/ many contracts offered in the teens, Riv asking started at $109 w/ many contracts offered in the mid $120s, so not sure where you see Riv being cheaper right now - unless you are calculating buy in cost spread over the life of the contract?
The other number you need to look at in your case is how many more points will you need to buy at Riviera to take your desired early June 8-12 night visit in a 2 br. & how much more in MFs will owning those additional points cost.
An 8 night stay in early June in a 2 br. at BWV costs 288(R view) - 350(P view), so you’d need a 300 point contract @ $115 per point = $34,500 or 150 point for an every other year stay = $17250. That same stay over at the Riviera will cost 412(R view) - 490(P view), so you’d need a 400 point contract @ $125 per point = $50,000 or 200 every other year = $25,000.
MFs at BWV & at Riv are both $9.06 this year - so your ongoing comparative cost for a BWV 300 point contract is $2718 & a Riviera 400 point contract is almost $1,000 more at $3624.

 

[Girlstar30]

I looked at a DVC resale aggregating site & saw BWV asking prices starting at $102, w/ many contracts offered in the teens, Riv asking started at $109 w/ many contracts offered in the mid $120s, so not sure where you see Riv being cheaper right now - unless you are calculating buy in cost spread over the life of the contract?
The other number you need to look at in your case is how many more points will you need to buy at Riviera to take your desired early June 8-12 night visit in a 2 br. & how much more in MFs will owning those additional points cost.
An 8 night stay in early June in a 2 br. at BWV costs 288(R view) - 350(P view), so you’d need a 300 point contract @ $115 per point = $34,500 or 150 point for an every other year stay = $17250. That same stay over at the Riviera will cost 412(R view) - 490(P view), so you’d need a 400 point contract @ $125 per point = $50,000 or 200 every other year = $25,000.
MFs at BWV & at Riv are both $9.06 this year - so your ongoing comparative cost for a BWV 300 point contract is $2718 & a Riviera 400 point contract is almost $1,000 more at $3624.

I looked it up too earlier and saw the same thing

 

[jolynne28]

I looked at a DVC resale aggregating site & saw BWV asking prices starting at $102, w/ many contracts offered in the teens, Riv asking started at $109 w/ many contracts offered in the mid $120s, so not sure where you see Riv being cheaper right now - unless you are calculating buy in cost spread over the life of the contract?
The other number you need to look at in your case is how many more points will you need to buy at Riviera to take your desired early June 8-12 night visit in a 2 br. & how much more in MFs will owning those additional points cost.
An 8 night stay in early June in a 2 br. at BWV costs 288(R view) - 350(P view), so you’d need a 300 point contract @ $115 per point = $34,500 or 150 point for an every other year stay = $17250. That same stay over at the Riviera will cost 412(R view) - 490(P view), so you’d need a 400 point contract @ $125 per point = $50,000 or 200 every other year = $25,000.
MFs at BWV & at Riv are both $9.06 this year - so your ongoing comparative cost for a BWV 300 point contract is $2718 & a Riviera 400 point contract is almost $1,000 more at $3624.

I'm looking at specific parameters, the overall average price per point for each resort isn't relevant to me. I already have small BWV contract, so I was only considering that UY, which also happened to have a new contract added and one price drop just this afternoon. Also, when I made this post, there were 3 RIV contracts that were listed at $110, $110 and $116 that are now gone.

I know how to do the calculations, I wasn't implying that RIV as a whole is cheaper, just the up front cost at posting time.

 

[sndral]

I'm looking at specific parameters, the overall average price per point for each resort isn't relevant to me. I already have small BWV contract, so I was only considering that UY, which also happened to have a new contract added and one price drop just this afternoon. Also, when I made this post, there were 3 RIV contracts that were listed at $110, $110 and $116 that are now gone.

I know how to do the calculations, I wasn't implying that RIV as a whole is cheaper, just the up front cost at posting time.

That makes sense, there aren’t huge numbers of Riv contracts on the resale market yet because the resort is so new, focusing on your use year & the size contract you want further limits things. It took me over a year to find my second resale contract because the resort I wanted to buy was smaller, I wanted a certain size contract & it had to be in my use year, by the time that unicorn showed up the price per point wasn’t nearly as important to me as it had been when I started my quest .

 

[eticketplease]

We used to love dinner at The Wave "Steakhouse 71" and boat back to our resort.

Yes off topic but as someone who loves staying at BLT (2 bathrooms!!) we miss The Wave. Much better than Steakhouse 71 imo

 

[Girlstar30]

Yes off topic but as someone who loves staying at BLT (2 bathrooms!!) we miss The Wave. Much better than Steakhouse 71 imo

Never eaten at either but i heard the smash burger at steakhouse is good, can't wait to try it! I wonder why they got rid of the wave, was it American food sit down?

 

[eticketplease]

I’ll extend “anticipointing” to refer to ALL disney pools that I have seen (haven’t been to Aulani or HHI)… If you’re going to Disney for the pools, you’re doing it wrong… Go to one of the many off-property hotels instead and save some money, ideally booking on points…

Add both of HHI’s pools to the list. AUL is pretty good but remember there is not a theme park nearby…

 

[eticketplease]

Never eaten at either but i heard the smash burger at steakhouse is good, can't wait to try it! I wonder why they got rid of the wave, was it American food sit down?

Not sure why, lunch is certainly better than dinner that’s for sure

 

[atthebeachclub]

I can almost assuredly say the right price for Riv resale is not $45/pt above direct pricing. Resale prices sure can be all over the map….

 

[jolynne28]

I can almost assuredly say the right price for Riv resale is not $45/pt above direct pricing. Resale prices sure can be all over the map….

right?! has to be a typo, although I'm struggling to figure out what they meant to enter it as...

 

[JackosinDIS]

right?! has to be a typo, although I'm struggling to figure out what they meant to enter it as..

Even $180 would be a stretch!

 

[jolynne28]

Even $180 would be a stretch!

exactly, my fingers are confused.

 

[atthebeachclub]

right?! has to be a typo, although I'm struggling to figure out what they meant to enter it as...

Maybe it’s a money laundering scheme. lol.

 

[marmentrout85]

Not saying I am, not saying I’m not. But what would be the sweet spot for price per point, factoring in stripped vs non vs loaded? Do you think the market for RIV right now is reasonably priced, or should it be lower due to restrictions? It seems that a lot of resale buyers are direct RIV owners looking to add on. I’m not seeing a lot of action on the board for RIV currently, but not sure if that’s just an anomaly.

I know I know, we need to stay there before we buy, but we never stayed at BWV and that worked out great. I’m looking at contracts and realizing that RIV is cheaper than BWV right now, with nearly 30 years longer on the contract. Kind of hard to ignore that.

Not sure is this helps but we have 2 smaller point RIV contracts (50pts and 75pts), which IMO are hard enough to find as is, but thankfully we were able to find loaded ones in our UY for ~$130 which IMO were quite the deals considering the rarity. Really will be interesting to see where the market goes for these in a couple years.

 

[DougEMG]

If you want a longer contract with good access to EPCOT and HS, then RIV really is the only option. I own at BWV and bought RIV resale because I wanted to still have something in that area when my BWV contracts expire and I'm pretty sure that a new BWV resort and point chart in 2042+ will be out of my price range. I already have points I can use at other resorts, so the RIV restrictions don't matter to me. I'll be using my RIV points to stay at RIV, same as I use my BWV points to stay only at BWV. So for me $120 resale seems like a good deal. If you don't care about the contract length, location and really want to use your RIV points at other resorts, then $120 will seem like too much. So it comes down to the individual requirements and the market is just made up of all those individuals. Which group is larger I have no idea.

If I was in the market for resale resorts the 2 I would look at are BLT and RIV, both for their locations and contract length.

 

[DanCali]

DVC Fan has the past two years of data. Lowest Riv resale was $117, highest was $133, recent was around $120ish.

I believe these are asking prices, not selling prices...

 

[DanCali]

For me, who loves RiV, I’d spend around $120/point…I cant give you a stripped contract number because we do buy…but I might look twice if someone had it under $100.

Once this goes into sell out, I do think it will stabilize around $110 to $130 range.

Maybe I am crazy, but with the restriction on Riveria resale ONLY being allowed to stay there would make the price maybe around 75 or lower for me.

For me, being able to use points at multiple resorts is what gives DVC real value. Take that away and you have a timeshare that only goes to one location. Even more restricted then a marriot timeshare.

This illustrates how people value restrictions/benefits differently... An owner who owns RIV direct looking to add on will likely be willing to pay more for a resale contract than someone who doesn't currently own there but can book it at 7 months (we fall in this category). And an non-owner looking to be a first-time buyer, may be more willing to buy direct to get the flexibility and DVC-Y benefits.

I'm personally also of the opinion that resale prices should stabilize sub-$80, just give it another 5 years. It may or may not get there, but I definitely wouldn't pay more for a resale contract I could only use at a single resort. So at current prices, I'm not buying resale and given where I think they are headed, I'm not buying direct. It's also got substantially higher dues than solid unrestricted resorts like BLT, PBV and VGF, and that justifies a lower resale price, as we see with other resorts.

 

[jolynne28]

This illustrates how people value restrictions/benefits differently... An owner who owns RIV direct looking to add on will likely be willing to pay more for a resale contract than someone who doesn't currently own there but can book it at 7 months (we fall in this category). And an non-owner looking to be a first-time buyer, may be more willing to buy direct to get the flexibility and DVC-Y benefits.

I'm personally also of the opinion that resale prices should stabilize sub-$80, just give it another 5 years. It may or may not get there, but I definitely wouldn't pay more for a resale contract I could only use at a single resort. So at current prices, I'm not buying resale and given where I think they are headed, I'm not buying direct. It's also got substantially higher dues than solid unrestricted resorts like BLT, PBV and VGF, and that justifies a lower resale price, as we see with other resorts.

I can’t imagine that Disney would let it get that low once it sells out. Maybe I’m wrong, but Riviera seems to be the resort that people love to hate until they try it. Then a portion of those people want it. Restrictions might make it more likely that they snag any contract below a certain threshold and then just turn around sell direct to people wanting all access.

 

[DanCali]

I can’t imagine that Disney would let it get that low once it sells out. Maybe I’m wrong, but Riviera seems to be the resort that people love to hate until they try it. Then a portion of those people want it. Restrictions might make it more likely that they snag any contract below a certain threshold and then just turn around sell direct to people wanting all access.

I don't hate it - we actually love Riviera! I just hate the restrictions...

If I were Disney, I'd want to buy it at the lowest possible price and then flip it - higher margins are always better. I don't see why they would want to keep the prices artificially high at say $100 if prices would otherwise be say $80 on pure supply and demand. "Buy low, sell high" is a good business model. "Buy lower, sell high" is a better model.

But regardless of that, I would never make a higher offer just because a broker told me my offer wouldn't pass ROFR. I'd feel much better about a purchase when offering what I think is right (it goes both ways - I've probably overpaid in some cases), regardless of ROFR policy.