ROFR Thread April to June 2022 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[Epcot Forever Forever]

I think people might be starting to wait it out. I know I am. Thinking about buying more but I'll wait and see if the economy tanks and I can get a better deal.

The market has definitely changed. I mean my goodness look at Riviera resale prices all of the sudden. Quite a few resorts have contracts - with available to use points! - at the lowest prices I’ve seen in 2 years.

Edited to add that I don’t think whether or not the economy tanks is relevant to DVC prices because they were so overheated to begin with. If the economy does tank, obviously prices will drop more, but the simple combination of people being able to use their disposable income for activities instead of durable goods and investments, the end of free money from the government, and inflation* will eat at DVC prices plenty.

*inflation lowers the price of luxury goods because it drops available disposable cash

 

[CaptainAmerica]

There’s ~2100 contracts for sale across the market which is up from about 300 12 months ago. So yes, it’s slowing, but listings aren’t the issue.

There's volume but not velocity. Is there any data out there about ADOM?

 

[btherrell521]

Has anyone passed ROFR this week?

 

[Stargazer65]

Is there any data out there about ADOM?

ADOM?

 

[Stargazer65]

Has anyone passed ROFR this week?

I think the last one I heard about on here was last Friday.

 

[CaptainAmerica]

ADOM?

Sorry, real estate term.

Average days on market.

Basically, are there a large number of listings because a ton of people are listing (low ADOM), or are their a large number of listings because nobody is buying (high ADOM)?

 

[Stargazer65]

Ah, okay. I searched for ADOM on here and you are the only person to ever use the term.

 

[The_MT]

Hell yeah. Seeing more and more sellers offering to pay closing costs too. It is a strong buyers market.

It's a buyers market to get a good deal that Disney then takes

 

[Epcot Forever Forever]

There's volume but not velocity. Is there any data out there about ADOM?

It’s a lot of data cleaning to get averages, but the median DOM is 35 days, and 660 contracts have been sitting 2 months or longer.

 

[Epcot Forever Forever]

A year ago DOM was running in the teens.

 

[CaptainAmerica]

A year ago DOM was running in the teens.

So it's a buyer's market in which buyers aren't buying.

 

[Huskerpaul]

So it's a buyer's market in which buyers aren't buying.

Which makes me think current economic uncertainty could be a factor in people not pulling the trigger.

 

[erinkristen04]

I think you are right. My brother asked my advice the other day, and I said be very picky with what you are looking for and try to get a deal. he is looking at Poly, and I think there is some room for prices to go down on Poly. Plus I don't think any have been taken back this year.

We are just now starting to look seriously at DVC, and initially thinking of honing in on Poly, too. With Poly specifically I feel like the uncertainty re Poly 2’s association status could also be a factor. It isn’t a huge make or break for us (at least for the foreseeable future, given the ages of our kids, we would be ok in studios, although access to the new tower would def be a bonus). Am I missing something there? Do you think that uncertainty has been factored into most of the current list prices already? There’s a contract I was looking closely at bc it seems to match our needs well but now I’m wondering if it would be better to hold off and see if prices may come down across the board.

Unrelated, but this is my first post in the DVC section of the boards. Just wanted to say thanks for all the info everyone shares/shared—it’s been SO helpful in my endeavor to try and wrap my head around DVC and resale haha!

 

[HIRyeDVC]

We are just now starting to look seriously at DVC, and initially thinking of honing in on Poly, too. With Poly specifically I feel like the uncertainty re Poly 2’s association status could also be a factor. It isn’t a huge make or break for us (at least for the foreseeable future, given the ages of our kids, we would be ok in studios, although access to the new tower would def be a bonus). Am I missing something there? Do you think that uncertainty has been factored into most of the current list prices already? There’s a contract I was looking closely at bc it seems to match our needs well but now I’m wondering if it would be better to hold off and see if prices may come down across the board.

Unrelated, but this is my first post in the DVC section of the boards. Just wanted to say thanks for all the info everyone shares/shared—it’s been SO helpful in my endeavor to try and wrap my head around DVC and resale haha!

I think it’s still too early to tell since the Poly2 was announced only a couple of months ago. What we‘re seeing with Poly resale is happening with other resorts. A lot more people are trying to sell than those looking to buy. If there is a perfect contract out there that fit your needs, now is definitely a great time to negotiate a good price. Welcome to the boards!

 

[KeepCalmAndCarryOn]

Which makes me think current economic uncertainty could be a factor in people not pulling the trigger.

I know we are brand new to this process, but the time having to wait for ROFR is bananas and also could be a slight impact. I waited a LONG time to make our first offer because I wasn't sure I could stomach the time needing to wait for Disney to rip your dreams out from under you (and this period of waiting is proving that this is incredibly hard for personalities like mine!). I know there are other contracts I'd love to jump on but until we hear yay or nay I don't know which way is up!

 

[HIRyeDVC]

So it's a buyer's market in which buyers aren't buying.

What would make you buy right now?

 

[hobbes42]

What would make you buy right now?

December UY subsidized Aulani at $70/pt.

 

[CaptainAmerica]

December UY subsidized Aulani at $70/pt.

December UY fire sale Aulani is mine, get your own thing.

 

[hobbes42]

December UY fire sale Aulani is mine, get your own thing.

I thought it was an answer everyone knew, thus I answered for you!

 

[SeasonneRose]

SeasonneRose---$173-$14229-75-PVB-Feb-36/21, 75/22, 75/23, 75/24- sent 5/13