Resale value-OKW/VWL

[Simba's Mom]

Since VWL is one of the smallest DVC locations, and thus getting very difficult to book at 7 mos. compared to OKW, do you think it follows that VWL would command more money on the resale market than OKW? Just thinking supply and demand here. Say, if someone has 150 points at VWL, do you think they'd be more in demand, thus cost more than the same number of points at OKW? And if a buyer has a set amount of money he could spend, do you think that he could get at least a few more points at OKW than at VWL? Just curious. This was the morning breakfast speculation conversation DH and I were having.

 

[dianeschlicht]

It would make sense to me, but I don't know if that is the case or not.

 

[Chuck S]

Not necessarily, it would depend on if someone is in the market and has their mind set on VWL when the points come up for resale, and if they are willing to pay more for the contract. They would also have to factor in higher dues at VWL.

 

[Dean]

Originally posted by Simba's Mom
Since VWL is one of the smallest DVC locations, and thus getting very difficult to book at 7 mos. compared to OKW, do you think it follows that VWL would command more money on the resale market than OKW? Just thinking supply and demand here. Say, if someone has 150 points at VWL, do you think they'd be more in demand, thus cost more than the same number of points at OKW? And if a buyer has a set amount of money he could spend, do you think that he could get at least a few more points at OKW than at VWL? Just curious. This was the morning breakfast speculation conversation DH and I were having.

I think the long term outlook is that BWV will command the highest resale followed closely by BCV then VWL. SSR will likely be a little ahead of OKW in terms of price but will likely be harder to sell due to the fact that the prices will be higher.

 

[lenshanem]

Dean, is thsi taking into account the much shorter contrcat life of the DVc resorts in comparion to SSR's contract?

 

[Dean]

Originally posted by lenshanem
Dean, is thsi taking into account the much shorter contrcat life of the DVc resorts in comparion to SSR's contract?

Yes, up to a point. There will come a time when the remaining life of the contract is the overwhelming issue however, I personally think it will not be that much of an issue until around 20-22 years remaining and even then it will be the declining value of the other resorts compared to SSR rather than the increase in value of SSR itself. Even at 20 years on BWV, etc; the location will have a major impact over the length remaining. IMO of course.

 

[Happy Birthday Cat]

I think the long term outlook is that BWV will command the highest resale followed closely by BCV then VWL.

Dean: Why do you think this will be the case? Simply the popularity of the BWV? As Simba's Mom has already stated, a case could be made for VWL and BCV becomming the most valuable due to their size. But on the other hand, ease of 7 month reservation may not equate to resale value.

HBC

 

[lat]

I kind of agree with Dean except between BCV and BWV. I used to think BWV will have the highest resale value because of the std view plus now the boardwalk view room category. However, BCV is a much smaller resort than BWV, started at a higher price, and the resort complex (BC/YC/BCV + SAB) is very desirable.

If you look at availability issue, I think BCV is generally harder to get than BWV. If you check out the resales, I think BCV gets a higher price now, and may persist just because the supply is lower.

 

[spiceycat]

to answer your question - yes - OKW is not close to any theme park - VWL is - the MK - which to some people is WDW.

Alot of OKW owners - were orginially and brought for alot less than the resale price today -

I agree with Lat - BCV - first SALB - second easier to get to Epcot, then maybe BWV - I don't know if this will always be true - this is a big resort and lately there have been more contracts here for sale than at the other resort (including OKW surprisingly) - more resales less demand - then VWL (which one day may be second)-unless DVC builts another one at the MK (which is doubtfully) - I think the demand for SSR is pretty high right now and if that lasts - it might - alot of people enjoy PI at night and being able to walk back instead of waiting for a bus would appeal to alot of folks. now this would also improve the resale value of OKW - if the whole path to OKW from DD was lite at night.

so my opinion
BCV
BWV/VWL
VWL
OKW/SSR
SSR

 

[Dean]

Originally posted by Happy Birthday Cat
Dean: Why do you think this will be the case? Simply the popularity of the BWV? As Simba's Mom has already stated, a case could be made for VWL and BCV becomming the most valuable due to their size. But on the other hand, ease of 7 month reservation may not equate to resale value.

HBC

The reason I feel that way is this. I see the Epcot area as more desireable to more people. I see BWV as more desireable because of the standard view options making it cheaper (or less points needed) and the BW view option. The smaller size equating to less resales will certainly balance things out up to a point.

I've already acknowledged that the price the person paid has a major impact on the listing prices and what they will accept. I actually see that as drving BWV pices up. It also means that the percentage of units that will sell in the long run, that are offered for sale, will be less for the newer properties. At least until the owners realize that what they paid has nothing to do with the resale equation. We see this in timeshare sales all the time. I've see it written that only about 5% of timeshares offered for sale are ever sold and I believe it. Once many find out what their timeshare is truly worth, they just decide to keep it. That will happen at DVC at some point as well, at least it is not true now.

 

[Dean]

Originally posted by lat
If you look at availability issue, I think BCV is generally harder to get than BWV. If you check out the resales, I think BCV gets a higher price now, and may persist just because the supply is lower.

But will it be 5 years from now, my guess is a big NO. Anytime a new resort opens, there is a novelty. We saw it with BWV, VWL and now BCV. It was true to a certain extent even at HH and VB. I think we're even seeing the same physchology for SSR at this time, but to a lessor degree. Once all the resorts are mature as well as the members (other than a few new resale members), things will settle down. If we break it down further, it might be possible that BCV is harder to get than BWV preferred Pool view. It may also be possible that VWL is harder certain times of the year like Xmas. HH for summer will likely be the hardest of all. I was speaking more to an overall standpoint.