Kailunkat
Mouseketeer
- Joined
- May 14, 2024
- Messages
- 251
We sold our PVB contract in four days after listing. We didn’t price as high as many of the current contracts for sale, but we were towards the top of our suggested listing prices by reasonable brokers. We just wanted to clear the commission hurdle so we could buy more points in total or buy direct and resale. And we were not in a place where we had to sell. We provided our full 2025 points. I wonder how much of this recent pricing is being fueled by the sellers and how much is due to the brokers trying to sell the resale market a tall tale on the value of the PVB resale to get into the new tower? One DISer reported they wanted to put in an offer on a PVB resale and the broker lectured them on how the market has totally changed and prices are now $180-$200pp.
Yes that was me! (Also, pretty sure I was the lower/2nd bid on the contract you sold - good for you for getting a deal for above market and selling at the peak!) I got quite a telling off by the broker by offering a max of $165 pp about how "the current Broker Price Opinion Value estimate is at $188.00 per point" for PVB. Since then pricing has been fairly consistent across all brokers at between $185- $200+pp but the contracts haven't moved/there are more overall on the market (19 tonight it looks like) versus last week (I think at one point there were only 6 available total across all resale). So my guess is that the actual average price will end up somewhere around $175-180pp for May.
I'm really interested to see where the ROFR point ends up for May and if there is another peak for resale pricing once the next press release from Disney comes out. More information on the rooms and amenities *SHOULD* be coming in the next two weeks prior to the cash bookings starting. Unless DVD also announces a date when direct sales will begin, that preview/info dump will probably trigger another spike in resale pricing. The best thing DVD could do for their future direct sales at this point is to set a date when that will start. Of course, unless they have filed the paperwork (which we know they haven't yet) they probably can't set a date or pricing. It's for sure a missed opportunity for them with the demand so high right now.