NEW VGF Building

[Days In the Sun]

As I recall, DVC members discount pricing at VGF started at $145 per point. (I think it quickly went to $155.) Back in the day when VGF was actively being sold, it was no more than $185 per point.

Since Disney raised VGF to $255 per point, sales have averaged 3100 points per month. If you assume 160 points per contract, that's less that 20 people per month!

I suspect people who are buying at VGF today are mostly existing VGF members who are looking to add some points.

Got it. Thank you. So at $255, even with the new walkway, they aren't selling much at $255, either no demand, lower margin for seller so not pushing it or people liking better options elsewhere. Sounds like it will be less than $255.

 

[TCRAIG]

I was prepared to buy 130 pts at $255 to add to my 154 points - so I’ll be buying no matter price - more points, less points - I still won’t book a Studio - for us - it’s gotta be a 1Br - so I’ll have to be sure to book right at 11 months...

 

[KAT4DISNEY]

Looking at DVC resort direct sales when these resorts were being actively sold by Disney:

• VGF sold at about 105K points per month
• PVB sold at about 110K points per month
• CCV sold at about 112K points per month
• RIV sold at about 119K points per month (prior to COVID)

The reality is that VGF, PVB, CCV, and RIV averaged similar monthly sales, with slightly higher sales for later DVC resorts possibly explained by an economy that continued to improve each year from 2013 (when VGF sales started) to early 2020.

Yes they did. DVC at Poly was the resort that had been wished for by many and it was supposed to sell better than others. Of course DVC often does that - thinking that a resort will do better than any before it. BLT was going to sell out in a month! lol The biggest concern and disappointment here was studios only. (I disregard bungalows - that was for a tiny market).

Got it. Thank you. So at $255, even with the new walkway, they aren't selling much at $255, either no demand, lower margin for seller so not pushing it or people liking better options elsewhere. Sounds like it will be less than $255.

VGF isn't in active sales so there has been zero push for it since it sold out in 2015 or 16. The main thing to keep in mind about DVC is that the majority is sold to people who haven't done much investigation but are having a marvelous trip and talk to someone at a kiosk about a tour. They are offered the resort that is currently in sales. They might be given the back up option that DVC is willing to offer if they are showing resistance to the one in current sales but I don't think guides ever volunteer info that they could purchase at any resort. They'll be steered away from old resorts as much as possible even when they do ask.

 

[Bjaiken77]

As I recall, DVC members discount pricing at VGF started at $145 per point. (I think it quickly went to $155.) Back in the day when VGF was actively being sold, it was no more than $185 per point.

Since Disney raised VGF to $255 per point, sales have averaged 3100 points per month. If you assume 160 points per contract, that's less that 20 people per month!

I suspect people who are buying at VGF today are mostly existing VGF members who are looking to add some points.

This is where timing is everything. Would I have loved to have been into DVC 6-7 years ago and bought into VGF at that price? Absolutely!!! However, 1) I didn’t know about DVC over five years ago and 2) our finances have only started to improve to the point where DVC is an option, even if I had known about it, in the last couple years. Heck, my strongest desire would have been to buy into BCV or BWV when they went on sale, but that’s just not a reality.

For a lot of people, VGF2 is a chance to buy into VGF at a more reasonable price than $255. Does that mean I’m going to? It depends. But I see it as a great opportunity.

 

[Airb330]

What is a bit funny about it being studios only is that it came out from DVC that they weren't thrilled with the way PVB sold and would never do a studios only. Of course there are larger units in the current building so they may figure it's ok because it does have them so they can assuage the fears of families looking to purchase. I do still wish they were doing at least a few 1 and 2BR's but I'm inclined to think that there will be connecting studios at least.

Right! The mostly studio PVB didn’t seem to meet expectations. And sometimes they are available at 7 months.

VGF1 owner here who bought at $145 (direct in 2012, add on via resale at same price in 2016). Those prices feel like a steal now.

I am OK if the new rooms are King beds but share concerns with others. If the (current) deluxe studios we have now are cheaper, its going to out pressure on them and there’s only 47…they’re hard enough to get! It would be sad if we hardly ever get to stay in the original dvc building again. If done right though, it could be a plus for us. I’d be willing to pay more points per night for the new building if they are indeed bigger with king beds but only a little, but as I stated that will put a lot of pressure on the current studios.

 

[Donna M]

I would like to see them remodel in such a way that the demand would be for the newer studios which would free up the 2 bd lockoffs. Maybe the trade off would be a larger room, but a small kitchenette like RIV tower studio. Lower points would be the surest way.

 

[TCRAIG]

Something makes me think these new Resort Studios will end up being higher than VGF1 Std but less than VGF2 Lake View - except maybe the ones with a true MK view - those may be higher...

 

[Momtomouselover]

Right! The mostly studio PVB didn’t seem to meet expectations. And sometimes they are available at 7 months.

VGF1 owner here who bought at $145 (direct in 2012, add on via resale at same price in 2016). Those prices feel like a steal now.

I am OK if the new rooms are King beds but share concerns with others. If the (current) deluxe studios we have now are cheaper, its going to out pressure on them and there’s only 47…they’re hard enough to get! It would be sad if we hardly ever get to stay in the original dvc building again. If done right though, it could be a plus for us. I’d be willing to pay more points per night for the new building if they are indeed bigger with king beds but only a little, but as I stated that will put a lot of pressure on the current studios.

Why would they have a king bed vs a queen and a pull out or a Murphy bed? Just curious if you saw this somewhere or just hoping that’s the case.

 

[JETSDAD]

They've announced that they will be 5 person studios so I don't see why/how there would be king beds. I'm hoping for 2 queen beds but would be fine with the new murphy bed as well.

 

[RoseGold]

VGF resale is staying bananas. It was selling in the 180s in April. Now, most of the listings are listed in the 190s, with quite a few over 200.

I don’t understand at all why people think Disney will drop the 255 price to dumb down VGF to RIV’s level. I think it will go up. Without VGF2, the 255 was too low compared to the April sales. It was time to go up anyway.

 

[KAT4DISNEY]

They've announced that they will be 5 person studios so I don't see why/how there would be king beds. I'm hoping for 2 queen beds but would be fine with the new murphy bed as well.

Looking at the existing room layouts I think there's plenty of room for a CA king (only takes 12" more width than a queen and there seems to be plenty of depth for it) plus a queen murphy sofa bed. Do the under TV murphy bed which is pretty much the standard for the 5th in a studio and you still have room for a small table and chair next to that piece. I think it would be a hit. It would depend on what they do with the bathrooms but even then it could possibly work.

 

[KAT4DISNEY]

VGF resale is staying bananas. It was selling in the 180s in April. Now, most of the listings are listed in the 190s, with quite a few over 200.

I don’t understand at all why people think Disney will drop the 255 price to dumb down VGF to RIV’s level. I think it will go up. Without VGF2, the 255 was too low compared to the April sales. It was time to go up anyway.

It's still not large volume and is probably being purchased by those who know DVC and compare it to the direct price. It was still a $50-$60 savings. DVC has to sell to those who don't know it and will compare it to Riviera pricing and even Aulani if they're told that's for sale.

My other thought is that time after time it's over estimated the price that DVC will charge. They might reach something similar towards the end of sales but I will be surprised if they start anywhere near what they've been charging.

 

[JETSDAD]

VGF resale is staying bananas. It was selling in the 180s in April. Now, most of the listings are listed in the 190s, with quite a few over 200.

I don’t understand at all why people think Disney will drop the 255 price to dumb down VGF to RIV’s level. I think it will go up. Without VGF2, the 255 was too low compared to the April sales. It was time to go up anyway.

Anyone who wanted to pay 255/pt could already do so yet they were only selling a few thousands points/month at that price point. Trying to quickly sell 1.5-2 million points won't work well at that price point.

 

[Sandisw]

VGF resale is staying bananas. It was selling in the 180s in April. Now, most of the listings are listed in the 190s, with quite a few over 200.

I don’t understand at all why people think Disney will drop the 255 price to dumb down VGF to RIV’s level. I think it will go up. Without VGF2, the 255 was too low compared to the April sales. It was time to go up anyway.

Because they want it to sell and lowering it to closer to $220 will do that.

Resale prices have gone up some recently there because Disney did use ROFR for it which I think it’s played a role in people asking more.

It will be interesting to see where the market goes once we get an idea of when sales will start.

 

[CastAStone]

Something makes me think these new Resort Studios will end up being higher than VGF1 Std but less than VGF2 Lake View - except maybe the ones with a true MK view - those may be higher...

There aren’t any true Magic Kingdom view Rooms in that building. The 28 rooms they call that for cash bookings would better be called “partial theme park view”. You have to be on the balcony to see anything, and you have to be on the right spot of the balcony to see anything besides space mountain.

Those rooms are contemporary resort view rooms.

 

[AvidDisReader]

To be clear, these rooms will go fast, real fast. Starting price around $220 per point with a $15 discount on a 200 point contract. My first post still stands. This is a safe DVC new sale that allows for a quick return, much needed cash flow after the COVID stagnation. They want people excited about DVC, like they were prior to COVID. This move many expected and even predicted, yet it is still pure genius.

 

[macman123]

When I tried to buy VGF direct a few months ago, it was waitlisted.

So I think the demand is there, they just don't have the points to sell.

I suspect they will keep at $255pp but maybe have some incentives to bring VGF2 own by $15-$20pp.

But when selling direct they can say to people here is flagship resort, original 14 and not restricted.

But if you don't want a high price point, shorter term contract then here is RIV currently $201pp with good incentives bringing it even lower.......

 

[M:SpilotISTC12]

When I tried to buy VGF direct a few months ago, it was waitlisted.

So I think the demand is there, they just don't have the points to sell.

I suspect they will keep at $255pp but maybe have some incentives to bring VGF2 own by $15-$20pp.

But when selling direct they can say to people here is flagship resort, original 14 and not restricted.

But if you don't want a high price point, shorter term contract then here is RIV currently $201pp with good incentives bringing it even lower.......

There is no way this doesn't happen. This is a cash grab and they aren't going to take much off. They also don't want to hurt their RIV sales. Its a win-win for DVC. They get their money and if they don't sell you on the high price of VGF2 than you'll be sold on RIV.

 

[macman123]

There is no way this doesn't happen. This is a cash grab and they aren't going to take much off. They also don't want to hurt their RIV sales. Its a win-win for DVC. They get their money and if they don't sell you on the high price of VGF2 than you'll be sold on RIV.

So you don't think they will be offering many / little incentives?

I wonder if the direct price will increase or stay the same?

 

[M:SpilotISTC12]

So you don't think they will be offering many / little incentives?

The only incentive is if you buy 3000 points direct.

But seriously, I imagine it'd be small. I could see them going up to $265 and then if you buy at least 150 points it'll go down to $255. They probably figure most people that would buy direct probably already own at VGF. Proof in this thread alone that people would go for a small add on of like 50-100 points. Anyone that is new to the DVC world will probably go RIV over VGF2 just for contract length alone. "You don't want to buy a contract that expires 6 years earlier, do you?"

Edit: Plus I could see them buying back every VGF that is under $225 if they plan on going up to $265 PP. Could be wrong on that but just a gut feeling.