Is DVC worth more now?

[The Sasquatch]

Based on the current situation and what we know about Disney’s plans to reopen, does this make your DVC membership worth more? Has there been an increase in resale contract pricing? Does being an owner give more advantages now or in the future? Will DVC members with booked rooms be given priority to tickets And park reservations? I feel that on some level, owners will have to be given some sort of added benefits through all of this. What do you think?

 

[AdamsMum]

I don't think so. My DVC allows me to stay in a fantastic resort in a great location at a great price. I won't be there during the opening period but I doubt DVC owners will be given priority over cash paying guests. I know there are a lot who hope it will. I wouldn't turn down any new perks, but let's face it, we are a captive audience. We either need to use them/rent them or sell them. Disney already has our money.

 

[WilsonFlyer]

The DVC resale market has actually trended down in price through the shutdown, though only marginally and less than I think a lot of people expected. It has somewhat leveled off in the last couple of weeks and some are arguing that it's trending back up but we'll see if it holds. The resale market also trends based on inventory being sold, and with the economic downturn, it is logical to assume that more inventory will be available for resale from owners in the next few months than during normal times. The effect of that should be obvious. More inventory equals lower prices.

I have always felt that if I could sell at any time for the same or more than I paid for the first 20 years of ownership, I would be way ahead in the game. So far, that has held true, even given current resale market conditions. DVC really is a different kind of timeshare as witnessed by the values holding on its resale market.

 

[drusba]

The priority that has already been announced for getting a reservation for entry to the parks does not depend on being DVC but depends on whether you alrready have park tickets. Disney is going to give those guests with existing tickets first shot at use of the soon-to-be park reservation tool. In other words, Disney's first who-to-favor step with the park reopening was not to favor DVC members. Thus, it may be wishful thinking to believe members will be treated more favorably than non-members during the coming months, particularly when you consider that over the last ten years Disney has repeatedly proven that it deeply despises a large contingent of DVC members -- all resale purchasers.

That does not rule out some added advantages, since there may be some new discounts offered to all guests, although prior history does not necessarily even favor that, e.g., following 9/11 and during the Great Recession, Disney's reactive marketing plan to the economic downturns that resulted was to raise, not lower, ticket and restaurant prices, and to raise DVC purchase prices.

 

[heynowirv]

The DVC resale market has actually trended down in price through the shutdown, though only marginally and less than I think a lot of people expected. It has somewhat leveled off in the last couple of weeks and some are arguing that it's trending back up but we'll see if it holds. The resale market also trends based on inventory being sold, and with the economic downturn, it is logical to assume that more inventory will be available for resale from owners in the next few months than during normal times. The effect of that should be obvious. More inventory equals lower prices.

I have always felt that if I could sell at any time for the same or more than I paid for the first 20 years of ownership, I would be way ahead in the game. So far, that has held true, even given current resale market conditions. DVC really is a different kind of timeshare as witnessed by the values holding on its resale market.

True Wilson-Case in point is we are in the process of selling a 75 point OKW and 25 point SSR. We still own 190 points at OKW.The reason we are selling those 2 contracts is to offset the price of a 150 point BWV that we are also in the process of buying.
The contracts that we are selling like the SSR we've owned for 9 years and more that got our monies worth and will make a few sheckles out of it. The OKW we just bought last year and will still make out with a few more sheckles out of that as well. all this because we want to be able to walk to HS and EPCOT and love the Boardwalk. I think we also found a very fair deal on our Boardwalk contract.
So I believe the value of these contracts have pretty much retained their value throughout the years.If we really hit a recession like 2008-2009 than perhaps we'll see a big drop, but until that happens I don't think so.

 

[Sandisw]

No, I don’t think it does. I think the only benefit in the short term is that we can still make and adjust reservations and a cash guest can’t.

I do not think we will be given a higher priority to book parks, but if you have a reservation and tickets, you should be in the first phase.

 

[RalphRR]

I own beach club points. They expire in 2042, 22 more years. As that year gets closer points in the secondary market should be worth less. I pay $7.07 per point per year for maintenance. Current listings at the time share store for beach club points are about $145
Per point give or take. Smaller number of points will cost more, larger number a little less. If you divide the $145 by the 22 remaining years that is $6.60 per point per year. Add the maintenance and the cost of the points it is $13.67 per point per year. If you can rent points for about $15.50 per point you are not saving much by buying points at that price, and maintenance ticks up yearly, maybe not in 2021 due to the close of the resorts.

RalphRR

 

[DebbieB]

I bought a VGC resale in January. After all this started, I was thinking is was probably a mistake, that prices will be going down. Mine was 150 points, 1 point for 2020, all 150 for 2021, seller pays 2020 dues, $180/point. There are not a lot of VGC resales, especially not with my April use year.

I’ve seen some recently, some higher, some lower. Today I saw one for 200 points, no 2020, 109 of 200 for 2021. $210 a point! OK, my deal wasn’t bad ;-).

Originally, my closing was supposed to be delayed until May. That was OK with me, not planning to use this year. Then they came back and said they moved points so we could close normal. It hit me recently that would have been a mess, assuming their May trip was cancelled and points restored or restricted. Plus I’m glad that my contract did not have any banked points I would have to deal with. Hoping to book first VGC points for D23 next summer.

 

[icc2515]

I bought a VGC resale in January. After all this started, I was thinking is was probably a mistake, that prices will be going down. Mine was 150 points, 1 point for 2000, all 150 for 2021, seller pays 2020 dues, $180/point. There are not a lot of VGC resales, especially not with my April use year.

Nice! Congratulations.

 

[LilyJC]

Hoping to book first VGC points for D23 next summer.

Just in case you didn’t already know this, people walk those days like no other, so be prepared! Good luck and enjoy!

 

[DebbieB]

Just in case you didn’t already know this, people walk those days like no other, so be prepared! Good luck and enjoy!

Been there, done that ;-). I’ve had to use BWV points for a 1 bedroom the last 3 or 4 D23 and move to Paradise Pier for the weekend. I actually walked at 7 months successfully last year but a 1 bedroom is so many points. Beautiful room though.

I just hope they announce the D23 dates at the 1 year mark like they usually do. Assuming they have it....

 

[LilyJC]

Been there, done that ;-). I’ve had to use BWV points for a 1 bedroom the last 3 or 4 D23 and move to Paradise Pier for the weekend. I actually walked at 7 months successfully last year but a 1 bedroom is so many points. Beautiful room though.

I just hope they announce the D23 dates at the 1 year mark like they usually do. Assuming they have it....

The 1 bedroom is definitely my favorite at VGC, but I’m pretty stingy and just book studios for the most part! It will be interesting to see what happens next year... Glad to hear you’re prepared though!

 

[The Sasquatch]

Alot of valid points but I still feel we are yet to see the benefits for DVC members. There has already been one with members having the ability to book new reservations before the public. They will have to set a priority for park reservations and I truly believe that members will have some sort of priority before joe public. They have to keep members happy, and I have to say it irks me that ap is getting priority over us right now. Many people have spent 10, 20, 30, 100 times what it costs for ap. If only DVC resorts are open for the immediate future, that also feels like a benefit that could drive up value.

 

[jkips]

I think people’s overall interest level and willingness to travel and stay and hotels/DVC properties is less than it was too. Looking at DVC secondary pricing trends I’m impressed the prices have held up as well as they have. I own points at the Aulani and we still don’t have a date for when we’ll be allowed back into Hawaii, much less when the resort will re-open. Sigh..