Saratogo

[jimmaher69]

Why some many Saratogo Springs resells available?

 

[Caskbill]

Maybe a couple of reasons......

1. It's a large resort so proportionally maybe the number of resales isn't out of line with resales for the other resorts.

2. There were a number of incentives for SSR purchases. Maybe a lot of people bought, used the incentives, and now are selling.

 

[3guysandagal]

I have noticed this as well.
In the last month I have been watching and taking down #s.
I think it has more to do with #2 I think.
Does SS have about 45% of total DVC's???
Because thats what the TSS resale percentage has been for the last month compared to other DVC's.

Rounding off here...

AK - 7%
BC - 4%
BW - 5%
HH - 4%
OKW - 14%
SS - 45%
VB - 15%
VWL - 6%

I may be off by a bit, it wasnt scientific or anything.....

HHHHMMMMMM.........(rubs beard)

 

[disneynutz]

DVD does a great job in getting us to buy emotionally. Never ending incentives also help. For a lot of members the present economy has been a wake up call, and when you need to choose between buying gas to get to work and owning a vacation interest, gas wins every time.

Looking at the different resorts I have come up with the following:

OKW - 761 Rooms Max.
VB - 208 Rooms Max.
HHI - 123 Rooms Max.
BWV - 532 Rooms Max.
VWL - 181 Rooms Max.
BCV - 282 Rooms Max.
SSR - 1260 Rooms Max.
AKV - 708 Rooms Max when completed.

 

[Chuck S]

Also, a higher percentage of SSR owners are still paying off any loan to Disney for the purchase, and they may be having financial difficulty making payments in the sour economy.

 

[3guysandagal]

DVD does a great job in getting us to buy emotionally. Never ending incentives also help. For a lot of members the present economy has been a wake up call, and when you need to choose between buying gas to get to work and owning a vacation interest, gas wins every time.

Looking at the different resorts I have come up with the following:

OKW - 761 Rooms Max.
VB - 208 Rooms Max.
HHI - 123 Rooms Max.
BWV - 532 Rooms Max.
VWL - 181 Rooms Max.
BCV - 282 Rooms Max.
SSR - 1260 Rooms Max.
AKV - 708 Rooms Max when completed.

So according to those #s

OKW - 18.8%
VB - 5.1%
HHI - 3%
BWV - 13.1%
VWL - 4.5%
BCV - 7%
SSR - 31%
AKV - 17.5% when comp.

31% of the rooms.....45% of the resales.....

HHHMMMMM.....(rubs beard again, but with one eyebrow up this time....)

 

[dianeschlicht]

Also, a higher percentage of SSR owners are still paying off any loan to Disney for the purchase, and they may be having financial difficulty making payments in the sour economy.

I think that's very likely the case. Most of us who have been around for 11-15 years would be selling for another reason, but SSR owners are probably trying to get rid of a debt.

 

[DVCSAMNH]

We also heard alot of people on these boards say that they were using home equity loans and lines of credit to buy SSR the last couple of years. Now, that home equity is disappearing.
If these same folks are now having to sell their homes and are in a negative or near negative equity situation they are going to have to sell anything they can to get that equity loan paid off.

 

[TisBit]

So according to those #s

OKW - 18.8%
VB - 5.1%
HHI - 3%
BWV - 13.1%
VWL - 4.5%
BCV - 7%
SSR - 31%
AKV - 17.5% when comp.

31% of the rooms.....45% of the resales.....

HHHMMMMM.....(rubs beard again, but with one eyebrow up this time....)

and since AKV is not completed yet....that means that SSR % is higher than even that stat. I think there are number of reasons, but just this shows how it really isn't out of line with other resorts.

 

[hakepb]

I suppose it is possible that there are not more SSR sellers by % (Although due to the economy I believe it may be the case), but if there are fewer SSR buyers, then there will appear to be more contracts on the market at any one time.

 

[CarolMN]

Here's a similar thread from earlier in the month on the same topic:

So many SSR's up for sale....in the 70's

There are several other similar threads - and not all of them about SSR, either, LOL.

 

[Brian430]

Here's the simple reason:

For a long time Saratoga was the only resort being sold.

But in the long run it is DVC's least-attractive resort: A giant condo complex.

Disney sold SSR on the strength of their better - more resort-oriented - DVC properties: Board Walk, Beach Club, Wilderness Lodge. "This may be your home resort, but you can always stay at any of our properties..."

Now two things have happened:

1. People are learning that it's often hard to get into another resort other than your home resort. In other words, BW, BC and WL were just the bait.

2. There is finally a more resort-oriented DVC property for sale: Animal Kingdom. If you owned at Saratoga - with its never-ending sea of parking lots and bus-filled roads dividing the complex – wouldn't you want to sell and then repurchase at Animal Kingdom?

This is the only true problem with DVC right now - their largest resort is alo their weakest and least popular. Look no further for proof of that than the percentage of rooms on sale.

 

[tjkraz]

Look no further for proof of that than the percentage of rooms on sale.

Actually I think a little further examination is warranted.

AKV has only been selling for 18 months and yet there are 18 contracts listed with The Timeshare Store alone (a week ago it was 22 contracts.)

That suggests one of two things:

1. People are buying contracts due to incentives with the intention of stripping the points and immediately re-selling.
2. The economy is weighing heavily on some who should never have bought in the first place.

Given that both SSR and AKV were in active sales as recently as two months ago (with SSR getting slightly BETTER incentives), both are impacted similarly by the market forces noted above.

In fact, if you compare the points available at SSR and AKV Jambo to the volume of contracts on the resale market, the two are neck-and-neck.

And consider the fact that SSR began selling over 5 years ago vs 1 1/2 years for AKV. Resale volume tends to increase over time as members naturally divest themselves of ownership for a variety of reasons (death, divorce, age, change in travel habits, change in financial situation, etc.)

No single DVC resort is everyone's cup 'o tea, but evidence suggests current trends are driven by more than a desire to own elsewhere. It's quite shocking to see so many AKV contracts on the market so soon after sales have begun, and yet I don't view it as any reflection on the popularity of the resort itself. What continues to amaze me is that people so readily assume that their own personal perception / bias is somehow representative of the public as a whole.

 

[jimmaher69]

Should one avoid staying at and or buying this DVC? Are there any redeeming qualities?

 

[hakepb]

Should one avoid staying at and or buying this DVC? Are there any redeeming qualities?

SSR is very lovely. If you take the time to relax, you'll love it. SSR has not only the best spa in WDW, but one of the best in the state. It is also the only DVC with an attached golfcourse clubhouse, plus the proximity to DTD.

Until the, just announced, treehouses, SSR did not have any exclusivity. Basically any DVC owner can always get SSR at 7 months.
A home resort gets you the 11 month booking advantage, and until the treehouses start booking, that advantage really did not mean as much as other DVC's. SSR does have realtively low MF's and a long contract which makes SSR a decent value for those that like to stay there.

 

[tgj]

So according to those #s

OKW - 18.8%
VB - 5.1%
HHI - 3%
BWV - 13.1%
VWL - 4.5%
BCV - 7%
SSR - 31%
AKV - 17.5% when comp.

31% of the rooms.....45% of the resales.....

HHHMMMMM.....(rubs beard again, but with one eyebrow up this time....)

On the other hand, if SSR is BY FAR the largest DVC, does that not mean that there are, BY FAR, a MUCH LARGER NUMBER owners who are pleased with the purchase and not selling than at any other DVC, even if there were a couple hundred contracts up for resale?

The figures presented as percentages of resales at SSR vs other resorts are completely meaningless, unless one knows the total number of contracts, the total number of resales offered everywhere (not just one place), etc. It seems disingenuous to create one "fact" at the exclusion of other numbers and then use it to draw such a conclusion as people continuously make on these boards.

But then again, this seems to be a sign of the times......

 

[hakepb]

On the other hand, if SSR is BY FAR the largest DVC, does that not mean that there are, BY FAR, a MUCH LARGER NUMBER owners who are pleased with the purchase and not selling than at any other DVC, even if there were a couple hundred contracts up for resale?

The figures presented as percentages of resales at SSR vs other resorts are completely meaningless, unless one knows the total number of contracts, the total number of resales offered everywhere (not just one place), etc. It seems disingenuous to create one "fact" at the exclusion of other numbers and then use it to draw such a conclusion as people continuously make on these boards.

But then again, this seems to be a sign of the times......

Also, just because SSR are the largest % of current resales, does not mean more SSR owners are dissatisfied. It could just mean that there are fewer SSR buyers so SSR contracts sit on the market longer than other resorts.

 

[2Princes2Princesses]

Don't know why...don't care about the math. Just hoping those SSR resale prices keep dropping. We have our little cache of BLT money sitting there and now with the treehouses (to each their own, but I just don't have that "gotta get it" feel about BLT), we are going to add on to the 175 points we have at SSR at resale price instead of paying $107-112 at BLT as we originally intended!

I am still excited for everyone else who was waiting for BLT though.

 

[Tink6666]

Okay, all this talk is scarring me. We just filled out the paperwork to purchase 200 points thru re-sale. Is SSR really a bad place to stay??? It is hard for me to imagine that any resort at WDW is bad. Plus you do not have to stay at your home resort right? And there are other places to stay outside of WDW. For $77 a point I thought that was really good since we will have it until 2054!!

 

[disneynutz]

Okay, all this talk is scarring me. We just filled out the paperwork to purchase 200 points thru re-sale. Is SSR really a bad place to stay??? It is hard for me to imagine that any resort at WDW is bad. Plus you do not have to stay at your home resort right? And there are other places to stay outside of WDW. For $77 a point I thought that was really good since we will have it until 2054!!

IMHO, SSR is not a bad place to stay, but you should have a least tried it out for yourself. I don't understand people paying this much money and not trying it out first. You should have purchased at the resort that you love the most.

We took over two years to decide which resorts to purchase and that was only after visiting each one.

You can stay at other resorts but you can only book 7 months in advance. By then your choices may be limited. You can also stay outside of WDW but most will agree that that is not a good use of points.