Lower than low resales...

[LadyKay]

For everyone's information I am one those people who are interested in the possibility of adding on due to the latest announcement of THV. We'll see when more info on them come out.
Not sure why some feel the need to take an "observant factual point" as a personal blow.

 

[TenThousandVolts]

The day after the announcement someone reported that their SSR offer was snapped up by DVC. This was the 1st ROFR I had heard about on SSR since last spring. Albeit, it was very low (I think it was low/mid $60s per point) it is still worth noting.

 

[mom of princessx2]

The day after the announcement someone reported that their SSR offer was snapped up by DVC. This was the 1st ROFR I had heard about on SSR since last spring. Albeit, it was very low (I think it was low/mid $60s per point) it is still worth noting.

This is my concern as well. We put in an offer at TSS for SSR. It was sent for ROFR on 9/11 and felt pretty good about it. Five days later big THV annoucement and now I am nervous because I still haven't heard anything.

I do think members that want to sell quickly put a lower $ amount on them because they can't lose. Either someone, like myself, will give them an offer or Disney will buy it back. Seems like a smart thing to do if you have to sell in a hurry.

 

[bwvBound]

I did notice that they were stripped but 71$/point for one of DVC newest resort. WOW! That's a bargain and a half.

Nudge, nudge ... those points are calling you ... I can hear them from here! Nudge, nudge ... go ahead ... buy a few ... indeed, "a bargain and a half."

 

[dudelydude]

and now I am nervous because I still haven't heard anything

I don't want to give you any false hope, but I have read on these boards from many different people that would tell you that it is a good sign that you haven't heard anything yet. They say that if you are going to be ROFR'd, it is more likely to happen very early in the process. I don't know how true that is, but I definitely read it from people's experiences.

Joe

 

[kikiq]

For everyone's information I am one those people who are interested in the possibility of adding on due to the latest announcement of THV. We'll see when more info on them come out.
Not sure why some feel the need to take an "observant factual point" as a personal blow.

I'm thinking that if you just left your post with the fact that the SSR was selling for $71/pt, the pp wouldn't have made that comment. But you didn't, you also posted, "Not sure how that would make me feel if I owned at SSR!!!" preceded by an "eek". I think the pp was commenting on that part of your post.

As a happy SSR owner, I didn't buy my points for investment and if you want to scoop those points up, that is a good deal. And then we can welcome you home!

 

[LIFERBABE]

I'm thinking that if you just left your post with the fact that the SSR was selling for $71/pt, the pp wouldn't have made that comment. But you didn't, you also posted, "Not sure how that would make me feel if I owned at SSR!!!" preceded by an "eek". I think the pp was commenting on that part of your post.

As a happy SSR owner, I didn't buy my points for investment and if you want to scoop those points up, that is a good deal. And then we can welcome you home!

Exactly! Nothing wrong with being observant or factual. The OP's subsequent posts only supported the other negative posts, not to mention many assumptions were made based on 1 distressed contract.

Im not defensive, but Im also not going to question my ownership everytime someone decides to dump their points. I've enjoyed my ownership immensely. I could give my points away today and still walk away whole. In this economy, that's not too shabby and I wasn't even trying

Good luck on your decision.

 

[DeeCee735]

We paid $65.00 per point on our original BW contract back in 2000, no worries there. But we also paid $89.00 per point on a 50 point add on in 07 at BW and $96 per point at AKV on a 50 point add on a few months ago. We paid these prices knowing full well they were less on resale and would sell for less than what we paid, if we decided to sell...but we wanted them and we wanted them without waiting or searching for the right contract, & ROFR. We also did not want to pay closing costs on small add ons, and small contracts aren't always easy to find. We were and are perfectly happy with our decision to purchase through Disney. We are done now, as we feel we have the perfect amount of points for our needs (although we did say that TWICE before )

 

[Dean]

I'm thinking that if you just left your post with the fact that the SSR was selling for $71/pt, the pp wouldn't have made that comment. But you didn't, you also posted, "Not sure how that would make me feel if I owned at SSR!!!" preceded by an "eek". I think the pp was commenting on that part of your post.

As a happy SSR owner, I didn't buy my points for investment and if you want to scoop those points up, that is a good deal. And then we can welcome you home!

It is factual that the listed prices and therefore the inherent values have declined as of late. It likely means nothing to those who expect never to sell but for those that realize they might need to sell in the future, this downturn could represent a loss of real $$$. It also is factual that the differential between a resale price and retail has widened for the same reasons so if one bought recently, this might cause some consternation.

As to how all this will affect ROFR, I don't know. On one hand DVC will want to drive the price up to steer people toward resale and away from retail. OTOH, they don't want a lot of ROFR points competing with their developer inventory. We shall see.

 

[Brian430]

Let' be real:

What we're seeing here is the problem when DVC produces properties that are inherently weaker than others.

Plain and simple Saratoga Springa just doesn't stack up to other DVC offerings – especially the two new properties that are now for sale.

The resort-setting of the Animal Kingdom Villas and Bay Lake Villas completely eclipse the condo complex atmosphere of Saratoga Springs. If you owned at SSR you would want to unload your points in favor of these new properties too.

I myself own at Boardwalk and at Wilderness Lodge, and so I feel no buyer's remorse when I look at the new DVC hotels. If I owned at Saratoga I wouldn't be able to sell quick enough. By the look of the high volume – and low price –*of SSR re-sales I'm apparently not alone in my assessment.

Regrettably, DVC's largest property is also its least appealing, and we will all be feeling the effects of this poor planning for decades to come. SSR owners will be more interested in booking vacations at the other DVC resorts and/or selling off completely. The 11-month booking window has never been more important thanks to the lack of SSR's appeal. And SSR owners are now all fighting to get into the "good" DVC resorts, while no one is fighting to stay at SSR.

Think about it: When DVC offers an incentive for new buyers they give you points at SSR where there is low demand even though the property is 100% sold. They don't offer you a week at the Boardwalk as an incentive - they offer you a week where they have little demand anyway and that is always SSR.

As it becomes harder and harder for SSR owners to stay outside of their home resort you will see re-sales surge and price tags fall.

 

[dudelydude]

And SSR owners are now all fighting to get into the "good" DVC resorts, while no one is fighting to stay at SSR.

Brian - I'm not too far away in Plainfield. Don't panic...I'll be right over with a bucket of water.

 

[Belle & Ariel]

While there are occasional stripped contracts in the low 70's, there are many for sale in the $82-$85 range--many even are pending, so the sky is not falling just yet.
I don't own at SSR but wonder why the hype about occasional low prices. It reminds me of the people who slow and look for blood at highway accidents. Kind of pathetic.

 

[LadyKay]

OMG what a gruesome comparison. Seriously, get real! So dramatic.

 

[KandiB47]

Wow, this thread is getting ugly.

If you owned at SSR you would want to unload your points in favor of these new properties too.

Hi Brian. I own at SRR and I have no desire to "unload" my points. I think SSR is a beautiful resort and beauty is in the eye of the beholder

I also stay at other resorts besides SSR because, as a DVC owner, I am able to do that. I still love SSR but I have flexibility, like all other DVC owners do, regardless of where they own

 

[tidefan]

The resort-setting of the Animal Kingdom Villas and Bay Lake Villas completely eclipse the condo complex atmosphere of Saratoga Springs. If you owned at SSR you would want to unload your points in favor of these new properties too.

I bought at SSR when AKV points were available. I really liked the rooms better at SSR, in fact, when I added on this past January, I added on at SSR. I love it. In fact, if I were to purchase any other resort right now it would be OKW (I do plan a small add-on at GCV, but that is more for DL than anything else). I like having the golf course right there, all of the quiet pools, and we really enjoy the Turf Club.

My least favorite resort is BWV. I hedge this a bit as I have not stayed there, but I have been on the boardwalk numerous times. While I like the boardwalk, I think that it would be way to noisy for a relaxing vacation. I reserve the right to change that opinion if I ever stay there.

 

[tjkraz]

Plain and simple Saratoga Springa just doesn't stack up to other DVC offerings – especially the two new properties that are now for sale.

The resort-setting of the Animal Kingdom Villas and Bay Lake Villas completely eclipse the condo complex atmosphere of Saratoga Springs. If you owned at SSR you would want to unload your points in favor of these new properties too.

Your opinion--nothing more.

Sales statistics suggest that buyers continued to favor SSR over AKV while the two were being sold simultaneously. Numbers available in this post:

http://www.disboards.com/showthread.php?p=21231201

SSR continued to out-sell AKV for the first 7 months both were selling concurrently.

I myself own at Boardwalk and at Wilderness Lodge, and so I feel no buyer's remorse when I look at the new DVC hotels. If I owned at Saratoga I wouldn't be able to sell quick enough. By the look of the high volume – and low price –*of SSR re-sales I'm apparently not alone in my assessment.

Regrettably, DVC's largest property is also its least appealing, and we will all be feeling the effects of this poor planning for decades to come. SSR owners will be more interested in booking vacations at the other DVC resorts and/or selling off completely. The 11-month booking window has never been more important thanks to the lack of SSR's appeal. And SSR owners are now all fighting to get into the "good" DVC resorts, while no one is fighting to stay at SSR.

13 million points available at SSR and there are currently 20,000 on the resale market. Not exactly a "sky is falling" scenario.

Prices for SSR resales are also trending similarly to all other resorts. Examine the information here:

http://www.disboards.com/showpost.php?p=27741118&postcount=40

According to that chart, SSR resale averages have dropped from a high of $85 per point to $80 per point over the last two years. Over that same period BCV went from $95 to $91. VWL went from $85 to $81. BWV went from $86 to $83.

The fact that SSR dropped $1 per point more than other resorts doesn't exactly speak to any widespread panic. And, as expected, looking at the extremes (the $71 contract which started this thread) doesn't even come close to telling an accurate story.

The volume of resales is high, but for a resort that's just coming off 5 years of active sales I don't find it particularly shocking. AKV has only sold and closed on 120-some rooms at Jambo, yet they have 18 resales on the market. In fact, that ratio is worse than the 824 units / 118 resales for SSR.

Think about it: When DVC offers an incentive for new buyers they give you points at SSR where there is low demand even though the property is 100% sold. They don't offer you a week at the Boardwalk as an incentive - they offer you a week where they have little demand anyway and that is always SSR.

Your assumptions are entirely incorrect.

The points DVC is giving out are "Developer's Points". Developer's Points originate with contracts that are owned (unsold) by the developer (i.e. Disney Vacation Development.)

The reason DVC has Developer's Points available at SSR is because they finished construction in June 2007 and spent another 10-12 months selling the remainder of the points. During those months DVD/DVC held the contracts and can do whatever they wish with the points from the '06/07/08 Use Years. In this case they chose to offer the points as a sales incentive.

Kidani Village will be complete by this time next year, yet will probably be selling for another year or two beyond that. At that point it's very likely we will see similar incentives offering AKV Developer's Points to new buyers.

As it becomes harder and harder for SSR owners to stay outside of their home resort you will see re-sales surge and price tags fall.

Doubt it. If anything, we've already seen the worst of it.

Right now SSR represents about 37% of all DVC rooms at WDW. That's been the percentage for over a year now. By September '09 Kidani and BLT will be open and that percentage will drop to 29%. Plus the Treehouse Villas will open and add greater appeal to SSR.

SSR will continue to be a smaller and smaller percentage of all DVC rooms and satisfaction among owners is likely to increase. They'll not only have their own Home to book at 11 months--including the Treehouse Villas--but will have more destinations to choose from 7 months out.

Don't bother feeding the toll, folks. We've been down this road before.

 

[Slakk]

Count me in as an SSR lover! I used to own there but sold not because I hated it but because we wanted smaller contracts. I love staying there. We love DTD so it works! I am bumme I don't have points because the THV sound very cool!

 

[rutgers1]

Not sure if this is totally relevant to the conversation, but I think there are a few things that could make SSR much more of a desirable location:
1) For starters, they need to improve the Carousel area. By all accounts, it is out of the way and doesn't have the amenities of the other areas.
2) If there was a resort that needed to have THE coolest pool or something of that nature, it was this one since it is not near the parks. I think that they thought that the spa would be that draw, but maybe not.
3) If Downtown Disney rises in stature among the other things to see and do in Disney, the appeal of SSR will grow.

I recently bought at SSR and don't have a single regret. I love the condo style buildings and have never found an appeal to the larger hotel style buildings found in some of the other resorts. I also love the proximity to Downtown Disney. All that I am hoping is that I don't get placed in Carousel and that, someday, Disney makes good on its stated desire to make Downtown Disney a real destination.

 

[TenThousandVolts]

tjkraz said: Kidani Village will be complete by this time next year, yet will probably be selling for another year or two beyond that. At that point it's very likely we will see similar incentives offering AKV Developer's Points to new buyers.

In a way we already have seen this. On the member cruise they didn't offer dev. points but DID offer a "free" stay in a savanna view room or the treehouse villas. Basically that is the same as developer points for use at akv or ssr, DVC will just make the reservation for you.

 

[BWV Dreamin]

In a way we already have seen this. On the member cruise they didn't offer dev. points but DID offer a "free" stay in a savanna view room or the treehouse villas. Basically that is the same as developer points for use at akv or ssr, DVC will just make the reservation for you.

OT, but love your sig!!!! I must have this!