ROFR - SSR hit $132pp

[macman123]

The latest report is out.

SSR - what can I say - wow......

https://www.dvcresalemarket.com/blog/dvc-right-of-first-refusal-report-rofr-july-21/

 

[pianomanzano]

Eeek, doesn't bode well for my offer that just got accepted at $120pp

 

[kandlsutton]

With prices near $130pp resale vs. $180pp direct, does this change anyone’s view on buying SSR for sleep around points?

 

[skippytx]

A fully loaded SSR contract at 132 isn't unreasonable, or a small 25 or 50 point contract at that price. I'd have to see the contract details before I would worry about it.

It could be a good value if it has a full set of banked and current UY points. Rent those bad boys out for 14/pt and shave 28/pt off the purchase price, then you're at a net of 104.

 

[macman123]

With prices near $130pp resale vs. $180pp direct, does this change anyone’s view on buying SSR for sleep around points?

I would probably buy direct now to be able to use at RIV

 

[isthisanything]

With prices near $130pp resale vs. $180pp direct, does this change anyone’s view on buying SSR for sleep around points?

I think they're trying to convert people to OKW for sleep around points to get as many people to the 2057 end date as they can. Obviously, they'd prefer to sell Riviera, but I think they want OKW to be the entry-level option otherwise.

 

[Great3]

Wow, who would have thought. If DVC is willing to ROFR at that price, it does make it hard to argue that resale is better than Direct (even at higher price). This makes it much more so the probable steep increase of direct pricing coming up. Congrats to thoose who brought earlier before this crazy increase on resale pricing.

Great3

 

[RoseGold]

I think they're trying to convert people to OKW for sleep around points to get as many people to the 2057 end date as they can. Obviously, they'd prefer to sell Riviera, but I think they want OKW to be the entry-level option otherwise.

OKW has always dragged in ROFR and resale because Disney repackages it as extended.

I bought SSR in the 90s and VGF in the 150s. I expected VGF to jump, I never thought it would be SSR with this kind of jump. Shows how bad RIV is if no one is willing to pay a little more for direct RIV over resale SSR!

 

[poofyo101]

it just depends on if the closing cost were paid for by who and the dues. It might not really be the standard 132...

 

[kilik64]

I think people put a little too much stock into high ROFR numbers that show up on this report and the rofr thread. Small subset of total sales (its only 6% of the total transactions just at DVCRM for instance). No way can the rofr all good deals ya know?

That being said, pretty nuts that they would take one that high (its above their 30% threshold that is said to be their standard limit for rofr). Its also interesting at the jump for OKW. $125 for that is more holy cow to me than the ssr. Ssr is HOT right now, they killed it with the refurb and im sure they are getting a lot of traffic of direct SSR right now too.

 

[davidl81]

OKW has always dragged in ROFR and resale because Disney repackages it as extended.

I bought SSR in the 90s and VGF in the 150s. I expected VGF to jump, I never thought it would be SSR with this kind of jump. Shows how bad RIV is if no one is willing to pay a little more for direct RIV over resale SSR!

I’ve been saying it for a while but RIV is having major issues selling at its current price. I know sales were decent pre-covid, but there is no reason for RIV to be doing as badly as it is now except for maybe price.

 

[npatellye]

I think perhaps some buyers are more concerned with spending a certain amount for points. The difference between $132/point and $201/point isn’t small for some families. Also, a small SSR contract would allow longer stays at the 11 month mark than a small RIV contract.

 

[kilik64]

I think it perhaps some buyers are more concerned with spending a certain amount for points. The difference between $132/point and $201/point isn’t small for some families. Also, a small SSR contract would allow longer stays at the 11 month mark than a small RIV contract.

This.

The riv point chart is rough compared to some others. That and 150 new min which means 31k vs say 18k for something like ssr for same number of points resale (120pp going rate give or take).

 

[Sandisw]

I’ve been saying it for a while but RIV is having major issues selling at its current price. I know sales were decent pre-covid, but there is no reason for RIV to be doing as badly as it is now except for maybe price.

Are the numbers out yet for July for direct RIV sales?

 

[Lee Matthews]

I’ve been saying it for a while but RIV is having major issues selling at its current price. I know sales were decent pre-covid, but there is no reason for RIV to be doing as badly as it is now except for maybe price.

I still think the resale restrictions is a major factor. If they weren’t there then I would at minimum be looking to buy it resale if not direct for the number of years

 

[davidl81]

Are the numbers out yet for July for direct RIV sales?

July is not out, but April, May, and June were all poor. We will see what July does.

 

[macman123]

I still think the resale restrictions is a major factor. If they weren’t there then I would at minimum be looking to buy it resale if not direct for the number of years

I try and overcome that I got a FW.......

Should make it more attractive should I come to resell.

 

[davidl81]

I still think the resale restrictions is a major factor. If they weren’t there then I would at minimum be looking to buy it resale if not direct for the number of years

I think it’s just point chart/price per point IMO. Yes RIV is about the same as VGF in point chart, but to 75%+ of people VGF has a more desirable location that helps support the chart. Many add on buyers look at the RIV chart and just decide they will get SSR/OKW and use the points as SAP.

 

[Sandisw]

July is not out, but April, May, and June were all poor. We will see what July does.

Thanks. Not sure I agree that the lower numbers are related to the resort vs. the pandemic. That is why I think the next few months will be more telling for the state of direct sales in general.

 

[davidl81]

Thanks. Not sure I agree that the lower numbers are related to the resort vs. the pandemic. That is why I think the next few months will be more telling for the state of direct sales in general.

It’s the % of direct sales that are not going to RIV which is more concerning honestly. DVC brought up SSRs price because the thought was SSR was stealing sales from RIV. The SSR increase did give a slight bump to RIV in June, but a huge bump to OKW.
July will be the first true full capacity WDW month so it will be interesting to see if RIV can start to rebound.