ROFR - SSR hit $132pp

[Stargazer65]

It all depends on what you want it for. I bought SSR a year ago for the express purpose of staying at SSR. I may add on for the same reason. So even at 130-140, resale is still a bargain for me. I have no reason for buying it direct at 180, and no reason to buy Riviera at 201. I really don't care that I couldn't use the points at Riviera, VGF2, or some future planned SuperduperDisneyresortapalooza for that matter.

 

[kilik64]

Where do you find the data on direct sales?

 

[KTownRaider]

Where do you find the data on direct sales?

DVCNews.com publishes a report every month. The latest, June's report, is linked below.


https://www.dvcnews.com/dvc-program/financial/news-34867/5071-direct-sales-report-for-june-2021

 

[mustinjourney]

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

or you could buy RIV direct for cheaper...and still sell it later for more than SSR resale is going for.

 

[mustinjourney]

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.

resale restrictions are likely a big mental hangup for many current owners.

 

[macman123]

resale restrictions are likely a big mental hangup for many current owners.

They are - thats why I got 200 points but a fixed week.

 

[dvc lover 1970]

resale restrictions are likely a big mental hangup for many current owners.

It has kept me away between the price and restrictions and I love the resort. I will not buy there, direct or resale perfectly happy to stay at BC or VGF instead.

 

[jbreen2010]

That’s a crazy high price. We bought resale less than a year ago at $97/pt. Really glad we bought when we did. I think the SSR Renovation looks really nice and it is a nice resort with a good amount of years left. It must have been undervalued for years I guess.

 

[jbreen2010]

resale restrictions are likely a big mental hangup for many current owners.

i debated buying RIV but just felt the resale restrictions were too risky for us. I personally feel like the ability to sell a contract that has the same ability to book at other resorts (exclusive of Riviera) is worth a lot more than that hard restriction of not being able to use anywhere else.

 

[dvc lover 1970]

i debated buying RIV but just felt the resale restrictions were too risky for us. I personally feel like the ability to sell a contract that has the same ability to book at other resorts (exclusive of Riviera) is worth a lot more than that hard restriction of not being able to use anywhere else.

I also think that the RIV resale market is limited there too. If you purchase an RIV resale then you cannot book VGF or any other DVC resort. I hope sales remain low to force disney to rethink the resale policy there.

 

[Sandisw]

I also think that the RIV resale market is limited there too. If you purchase an RIV resale then you cannot book VGF or any other DVC resort. I hope sales remain low to force disney to rethink the resale policy there.

Except they are selling decent on the resale market. That gives the guides a good counterpoint for sales.

And, IMO we have to wait a few more months of direct sales to see if the increased capacity at parks helped.

If RIV remains under 60% of total sales for another few months, then it may become concerning for them.

But, I don’t see the restrictions going away regardless because I bet they want them for DLH.

 

[fixerupper]

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.

This is me. I wanted to get SSR for my blue card, and they raised the price, and later minimums just a bit too early. By the time I bit the bullet and tried to get SSR they weren't selling it. So, I got OKW instead, the day before they raised the minimum. Riv is too expensive both in price and points and I hate the restrictions. I was looking at resorts for an upcoming stay and iirc Riv was nearly 100 points more than OKW.

 

[DisneyOutsider]

Except they are selling decent on the resale market. That gives the guides a good counterpoint for sales.

And, IMO we have to wait a few more months of direct sales to see if the increased capacity at parks helped.

If RIV remains under 60% of total sales for another few months, then it may become concerning for them.

But, I don’t see the restrictions going away regardless because I bet they want them for DLH.

I agree the restrictions aren't going away. However, I think it's still too early to draw any conclusions about the resale value of Riv. Those contracts are still hard to come by via resale which is placing upward pressure on the price.

I think a couple years from now when the resort isn't the shiny new thing anymore and we start to see a more steady inventory of Riv contracts on the resale market, we'll see what people really think about buying an inferior product like that

 

[macman123]

I agree the restrictions aren't going away. However, I think it's still too early to draw any conclusions about the resale value of Riv. Those contracts are still hard to come by via resale which is placing upward pressure on the price.

I think a couple years from now when the resort isn't the shiny new thing anymore and we start to see a more steady inventory of Riv contracts on the resale market, we'll see what people really think about buying an inferior product like that

I agree, sadly I think restrictions are here to stay. With DLT on the horizon I think they will have the same restrictions too....

 

[Sandisw]

I agree the restrictions aren't going away. However, I think it's still too early to draw any conclusions about the resale value of Riv. Those contracts are still hard to come by via resale which is placing upward pressure on the price.

I think a couple years from now when the resort isn't the shiny new thing anymore and we start to see a more steady inventory of Riv contracts on the resale market, we'll see what people really think about buying an inferior product like that

I was not talking about long term value of RIav. I am talking here and now. And right now resale restrictions are not impacting the sales as people are paying on average $120 to $150 ish for contracts.

It’s a decent enough price to combat any current buyer who is considering direct who brings it up.

Anyone buying OKW, SSR, direct to save buy in cost over RIV…will currently lose about the same amount on resale as RIV would today

Many thought RIV would never sell above $100..myself included. So it’s outperformed exceptions for sure in 2 short years,

I suspect that people who are buying really do not care about the resale restrictions and don’t go in worrying about its sale down the road. Not everyone wants an exit plan.

. Or, people are adding it to already owned points with ability to trade like me.

I don’t understand really the shiny and new comment.VGF is no longer than and showing wear but it doesn’t take away why people stay there.

I agree the resale product is inferior as it’s one resort only but not direct. As an owner , those direct points get you the same booking as all else.

Of course, in another 3 to 5 years when we may see the market flooded with contracts..which may not happen..the price could go down but by then the bulk of RIV will be sold out so guides won’t need the resale value to be where it is today to convince people who are worried.

 

[DisneyOutsider]

I don’t understand really the shiny and new comment.VGF is no longer than and showing wear but it doesn’t take away why people stay there.

Well that's partly because a VGF resale contract is a completely different product due to no restrictions.. you can't easily compare it to Riviera resale.

When I say it's new and shiny, I mean the resort is brand new and immaculate right now.. hitting on all cylinders. Give it a couple wears and the sheen will start to wear off.. the rooms will start to gradually look dated (not a criticism..happens at every DVC resort.. just the cycle of time), the food service locations won't always be on their best behavior, etc... that's when we'll start to see a regular cycle of inventory hitting the resale market and will get a better idea of how people value this product. Maybe prices will keep up and remain steady. I sure as heck can't predict it ... But I'm wary of people pointing to the current state of Riv resale and drawing conclusions about it.

I'm not really commenting on the value of Riv direct.. as that's a completely different product than Riv resale. Agreed that Direct sales do seem to be doing okay, though I don't think it's going as well as they'd hoped personally. They'll sell it out just fine though I think. Clearly the resort has an appeal to it.

 

[The Jackal]

I was not talking about long term value of RIav. I am talking here and now. And right now resale restrictions are not impacting the sales as people are paying on average $120 to $150 ish for contracts.

It’s a decent enough price to combat any current buyer who is considering direct who brings it up.

Anyone buying OKW, SSR, direct to save buy in cost over RIV…will currently lose about the same amount on resale as RIV would today

Many thought RIV would never sell above $100..myself included. So it’s outperformed exceptions for sure in 2 short years,

I suspect that people who are buying really do not care about the resale restrictions and don’t go in worrying about its sale down the road. Not everyone wants an exit plan.

. Or, people are adding it to already owned points with ability to trade like me.

I don’t understand really the shiny and new comment.VGF is no longer than and showing wear but it doesn’t take away why people stay there.

I agree the resale product is inferior as it’s one resort only but not direct. As an owner , those direct points get you the same booking as all else.

Of course, in another 3 to 5 years when we may see the market flooded with contracts..which may not happen..the price could go down but by then the bulk of RIV will be sold out so guides won’t need the resale value to be where it is today to convince people who are worried.

But what happens to direct RIV sales next year when VGF2 goes on sale? If VGF2 pricing is close to RIV then it will not be pretty for RIV.

 

[Sandisw]

Well that's partly because a VGF resale contract is a completely different product due to no restrictions.. you can't easily compare it to Riviera resale.

When I say it's new and shiny, I mean the resort is brand new and immaculate right now.. hitting on all cylinders. Give it a couple wears and the sheen will start to wear off.. the rooms will start to gradually look dated (not a criticism..happens at every DVC resort.. just the cycle of time), the food service locations won't always be on their best behavior, etc... that's when we'll start to see a regular cycle of inventory hitting the resale market and will get a better idea of how people value this product. Maybe prices will keep up and remain steady. I sure as heck can't predict it ... But I'm wary of people pointing to the current state of Riv resale and drawing conclusions about it.

I'm not really commenting on the value of Riv direct.. as that's a completely different product than Riv resale. Agreed that Direct sales do seem to be doing okay, though I don't think it's going as well as they'd hoped personally. They'll sell it out just fine though I think. Clearly the resort has an appeal to it.

I agree today’s values don’t predict long term, but they certainly are not matching the predictions that many made.

And that does say something . There is a market out there for resale RIV even with its restrictions and its selling at a decent price right now.

Cant say agree that people sell contracts once a resort is no longer new, whether it will be RIV or any other DVC resort.

The one thing we know for sure is that the selling of VGF at the same time as RIV will give more insight into things!

 

[Sandisw]

But what happens to direct RIV sales next year when VGF2 goes on sale? If VGF2 pricing is close to RIV then it will not be pretty for RIV.

Just posted that same comment! It will be very interesting to see what happens as I do think they will be priced similar.

And, there is no doubt VGF will sell better than RIV if priced low enough

 

[mustinjourney]

This is me. I wanted to get SSR for my blue card, and they raised the price, and later minimums just a bit too early. By the time I bit the bullet and tried to get SSR they weren't selling it. So, I got OKW instead, the day before they raised the minimum. Riv is too expensive both in price and points and I hate the restrictions. I was looking at resorts for an upcoming stay and iirc Riv was nearly 100 points more than OKW.

the point chart is tough. Throw in high MFs and it feels even worse.

but I do love the resort.