Is it just me or has the resale market been hot?

[NoleFan]

Thank you! I have read here in a few places it is financially wiser to book a cruise with $$ over points, and have heard many people including CM's that they think the convenience is worth it (thank you to those who took the time to calculate it )

On my trip to SSR this May, while walking through the GF after Narcoossee's we ran into a DVC information table, decided to ask a small simple question and we ended up speaking with the lady for over an hour, most pleasant. The next day we had an open house scheduled, and we were very much turned off by the demeanor and attitude of the sales rep.

All of the other CM's (are they still CM's if they work through the DVC?) were so pleasant tho!

With the economy rising, hopefully more people may sell smaller contracts which I could perhaps pounce upon

If you are patient & stalk the reseller websites, you will find the right contract(s) for you if you decide to go resale. We found 2 smaller contracts (each 100 points or less) @ BWV & BCV that passed ROFR. We are really pleased with buying resale. Saved us many thousands of $$$. We were anxious throughout the whole ROFR process but now that it is over, we are thrilled about using our points!!! Well worth it.

 

[collections]

We found 2 smaller contracts (each 100 points or less) @ BWV & BCV that passed ROFR. We are really pleased with buying resale. Saved us many thousands of $$$.

I don't see your BWV and BCV contracts listed on the main "ROFR" thread. What are the details?

 

[NoleFan]

I don't see your BWV and BCV contracts listed on the main "ROFR" thread. What are the details?

I don't post the details as some of the contract can sometimes become subject to intense scrutiny. I paid what I felt comfortable with on contracts that fit my needs. BWV & BCV both under 100 points paying in the $60's for 1 & $80's for other.

 

[collections]

I paid what I felt comfortable with on contracts that fit my needs.

That's a very important factor in buying. Thanks for your reply!

 

[ELMC]

Got an e-mail blast at 2:04 about a Sept BWV 50 pt with 2014 points and beyond. $90/pt!

Just got a f/u e-mail at 2:35 that the contract was sold for asking price.

Yep . . . it's a sellers market, alright!

And by "f/u email" you mean "follow up", correct? Normally I would call that crazy, but not anymore. While I do think the price is high, I also think that the buyer probably was on a wait list for the same contract and that this is a faster (believe it or not), less expensive option. So in comparison they saved about $20 per point, more or less and the seller got a wicked good price. Seller's market indeed!

 

[Kidanifan08]

And by "f/u email" you mean "follow up", correct?

Didn't even think about that other interpretation of that abbreviation!

 

[CarolMN]

Got an e-mail blast at 2:04 about a Sept BWV 50 pt with 2014 points and beyond. $90/pt!

Just got a f/u e-mail at 2:35 that the contract was sold for asking price.

Yep . . . it's a sellers market, alright!

So do you think I could get $100/pt for my August 50 point BWV contract that has all 50 2013 points available?

I am not planning to sell, but if the prices keep rising like this..........

 

[NoleFan]

If Disney increases the price of old resorts again (have heard nothing of such happening), I would not be surprised if the resale price of old resorts keep edging closer to $100/pp at least on the smaller contracts.
How often does Disney increase the prices of the older resorts?

 

[DougEMG]

So do you think I could get $100/pt for my August 50 point BWV contract that has all 50 2013 points available?

I am not planning to sell, but if the prices keep rising like this..........

Anything is possible. It just takes one person that really wants to own at BWV and it's still a savings over direct. Would probably have a high chance of passing ROFR

 

[z28wiz]

So do you think I could get $100/pt for my August 50 point BWV contract that has all 50 2013 points available?

I am not planning to sell, but if the prices keep rising like this..........

I may buy it my use year and what I'm looking for lol

Sent from my iPhone using DISBoards

 

[Missyrose]

If Disney increases the price of old resorts again (have heard nothing of such happening), I would not be surprised if the resale price of old resorts keep edging closer to $100/pp at least on the smaller contracts.
How often does Disney increase the prices of the older resorts?

I wouldn't bet on the resale prices continuing to rise along with direct prices. The Webcast frenzy was really the first time in years that resale prices rose. And that rise in price has plenty to do with a lack of supply on the market.

 

[NoleFan]

I wouldn't bet on the resale prices continuing to rise along with direct prices. The Webcast frenzy was really the first time in years that resale prices rose. And that rise in price has plenty to do with a lack of supply on the market.

Great insight- thanks. It's good for us rookies to hear about what has happend historically.

In previous years, what was the average gap between resale & direct ?

 

[Missyrose]

Great insight- thanks. It's good for us rookies to hear about what has happend historically.

In previous years, what was the average gap between resale & direct ?

The recession had put a glut of contracts on the market with lots of sellers that desperately needed to sell, which set the market fairly low. Those low prices stayed for a few years, right up until about six months ago.

Direct prices for classic resorts were in the $90s up to $102 per point during that span. Just for example, many people bought BWV contracts in the last couple of years from the high $40s through the low $60s.

It's funny, people used to choose BWV over BCV because it was the same location but BWV was cheaper points. Then the number of BWV contracts dried up completely and prices skyrocketed.

Now, do I think having the direct prices increased makes it easier for people to justify paying higher resale prices? Absolutely. Do I think the increase in direct prices caused the massive inflation of resale prices? Nope. The lack of inventory did.

Look at AKV, those resale prices continue to tumble because there are lots of contracts for sale. Those prices are falling despite Disney upping the direct price to $145 per point.

 

[NoleFan]

The recession had put a glut of contracts on the market with lots of sellers that desperately needed to sell, which set the market fairly low. Those low prices stayed for a few years, right up until about six months ago.

Direct prices for classic resorts were in the $90s up to $102 per point during that span. Just for example, many people bought BWV contracts in the last couple of years from the high $40s through the low $60s.

It's funny, people used to choose BWV over BCV because it was the same location but BWV was cheaper points. Then the number of BWV contracts dried up completely and prices skyrocketed.

Now, do I think having the direct prices increased makes it easier for people to justify paying higher resale prices? Absolutely. Do I think the increase in direct prices caused the massive inflation of resale prices? Nope. The lack of inventory did.

Look at AKV, those resale prices continue to tumble because there are lots of contracts for sale. Those prices are falling despite Disney upping the direct price to $145 per point.

Hard to believe contracts in the $40's. I believe you but looking at today's prices, it's hard to imagine or dreamy to imagine buying in @ the "old" prices. Talk about a change of tide!! I agree with supply or lack there of driving up prices. Increase ROFR so less inventory, better economy so more buyers & less people in a need to sell position. Wonder when & @ what price it will stabilize?

 

[Missyrose]

Hard to believe contracts in the $40's. I believe you but looking at today's prices, it's hard to imagine or dreamy to imagine buying in @ the "old" prices. Talk about a change of tide!! I agree with supply or lack there of driving up prices. Increase ROFR so less inventory, better economy so more buyers & less people in a need to sell position. Wonder when & @ what price it will stabilize?

When I was buying my first contract in early 2012 (after reading and tracking things for a couple of years), Sharon from Fidelity had a standing offer from another client for $45 for all BWV contracts, so I started by bidding at $46. I do know someone from the "other" message boards who bought BWV in late 2011 for $44.25 a point. Still envious of that deal.

 

[ELMC]

So do you think I could get $100/pt for my August 50 point BWV contract that has all 50 2013 points available?

I am not planning to sell, but if the prices keep rising like this..........

Maybe not, but I think if you stripped it by renting the points you could sell it for $90!

 

[NoleFan]

When I was buying my first contract in early 2012 (after reading and tracking things for a couple of years), Sharon from Fidelity had a standing offer from another client for $45 for all BWV contracts, so I started by bidding at $46. I do know someone from the "other" message boards who bought BWV in late 2011 for $44.25 a point. Still envious of that deal.

Timing is everything- I am jealous!!

 

[ELMC]

Now, do I think having the direct prices increased makes it easier for people to justify paying higher resale prices? Absolutely. Do I think the increase in direct prices caused the massive inflation of resale prices? Nope. The lack of inventory did.

Look at AKV, those resale prices continue to tumble because there are lots of contracts for sale. Those prices are falling despite Disney upping the direct price to $145 per point.

I agree with this completely. Prices for BWV had been ticking up slowly for the past year due to the dwindling supply of contracts. Disney's ROFR activity introduced a new source of demand that combined with buyer interest to completely decimate the BWV inventory. At one time there were less than five total BWV contracts for sale among several brokers. It only takes one savvy seller to see that and list their contract at a "ridiculous" price and voila, you have the new market price.

I would also suggest that ROFR activity had people adding dollars onto their offers as added "insurance" to pass ROFR. Once those higher sales prices hit the books, they became the benchmark for future sales, with sellers trying to get a dollar or two more due to the fact that this is a seller's market. This price creep led to the prices we have today. The raising of direct prices helped some resale buyers justify offering more for a contract because they view their savings in relation to the direct price, as opposed to trying to get the best price they possibly can. So at best I would say that the direct prices have a minor, indirect effect on resale prices. Resale market prices are largely determined by the economic factors at play within that specific marketplace.

 

[ELMC]

Hard to believe contracts in the $40's. I believe you but looking at today's prices, it's hard to imagine or dreamy to imagine buying in @ the "old" prices. Talk about a change of tide!! I agree with supply or lack there of driving up prices. Increase ROFR so less inventory, better economy so more buyers & less people in a need to sell position. Wonder when & @ what price it will stabilize?

If by "stabilize" you mean stay fixed, then never. The resale market is fluid and subject to a number of economic and emotional factors. I would suggest that prices are extremely stable in that the fluctuations are within a fixed range and they happen incrementally and over time, as opposed to sporadically and with no explanation or trend. Eventually prices will hit a ceiling (which cannot be predicted really) and will ebb and flow from there. But I wouldn't expect to get anything close to the deals of 2012 for some time, sorry to say.

 

[dbs1228]

I don't post the details as some of the contract can sometimes become subject to intense scrutiny. I paid what I felt comfortable with on contracts that fit my needs. BWV & BCV both under 100 points paying in the $60's for 1 & $80's for other.

I am not sure what you mean by this statement? I always thought the ROFR thread was a great tool for buyers and for information in general but the longer I am on these boards I realize many who contribute information to the boards do not disclose their resale activity why is that? Just wondering that is all. btw I think paying what a person is comfortable with and what works for them and their family is all that matters.