I agree with all the above answers. We are also currently in ROFR for a SSR resale contract.
We pretty much decided we would like to own points there after the 1st time we stayed on rented points. The first attempt (2012) was for $53 per point, that deal fell through because the sellers never returned their closing documents. Jump to now and we are paying $87 per point....I don't consider that cheap.
Everything being relative, we could sell our BLT today for more than we paid for it direct in 2009 and 2010 and BCV that we bought in 2012 resale for $72 per point is selling $30 higher.
Everything being relative, we could sell our BLT today for more than we paid for it direct in 2009 and 2010 and BCV that we bought in 2012 resale for $72 per point is selling $30 higher.
SSR popularity may actually go up slightly with the new pricing structure of having a standard and preferred room category. Part of OKW and AKV appeal over SSR was they have rooms that are cheaper per night. Now SSR has that option. It probably won't be enough of an effect to matter, though.
I'd generally agree with what's been posted. IMO it's cheaper (not cheap) due to a lower perceived value as the main reason and secondary that there is some supply/demand factors. The reason for the lower perceived value is that on a percentage basis less people want to stay there than other on property locations. The reality is that even were it is is likely artificially high since a certain % of owners are buying because it's cheaper and because of the lower dues. Size and number of points is not the main factor.Is it just not as popular?
That economic downturn crashed DVC prices on the resale market. It was great for buyers (I bought BWV for $50 a point and BLT for $89 a point in 2012, I just wish I had bought more points at those prices!).$53 seems extremely cheap - even in 2012. When we were looking in 2014 - SSR was going for low to mid-seventies. Prices have risen significantly with the strong economy.
The reality is that even were it is is likely artificially high since a certain % of owners are buying because it's cheaper and because of the lower dues.
That economic downturn crashed DVC prices on the resale market. It was great for buyers (I bought BWV for $50 a point and BLT for $89 a point in 2012, I just wish I had bought more points at those prices!).
That economic downturn crashed DVC prices on the resale market. It was great for buyers (I bought BWV for $50 a point and BLT for $89 a point in 2012, I just wish I had bought more points at those prices!).
Thanks for the backup Missyrose.And don't we all wish we had bought more then?
Yeah - I am not ready to buy more points - but I'll be watching for the next inevitable economic crash as my opportunity to buy more. BWV for $50! I'd buy 200 points today.
IMHO, SSR feels like a nice, but "regular" offsite condo onsite. The theming doesn't transport me to another place like OKW or AKV. The points are a bit high compared to other resorts. No sleeper chairs. We prefer the other DVCs. But, if there was only SSR, we would stay there. When I bought resale points last year, AKV and SSR were about the same. We love AKV and the points for standard rooms are less, thus, no appeal to buy SSR for us.