The VGF 2 pricing thread

[Rcfins13]

Member incentives are almost always better than they are for new buyers.

Thanks for info!

 

[Frugal Fairy Tales]

Has anyone seen the virtual tour yet? My guide just sent it over and all my doubts about the rooms are gone. It’s absolutely beautiful!

Can you share?

 

[KAT4DISNEY]

I think we need to watch Grand Floridian closely over the next year... This is a huge sales tactic and will bring historic numbers to DVC Direct Sales, but they will not undercut the value of their product like this for long. Current incentives expire March 30th... let's see what the price is after that date. I think we will see a gradual increase. This is the honeymoon stage.

A newly opened resort has historically given a bump in sales volume with the few that have been waiting and the additional "look, shiny new" marketing they'll be able to do for awhile. But then things level off. The price was not a surprise because it's what they've done for all new resorts - matched up close to the existing and usually a greater discount to kick off sales. And eventually everything rises as long as there aren't unusual outside circumstances. We saw those influences a couple of times in the past two years with larger discounts that surprised people so I wouldn't write it off as a possibility going forward. DVC tends to sell at a fairly consistent level no matter what the resorts have been that they are selling.

 

[Duckbug.Ducktales]

Correct but you had this exact resort at $255 a few months ago, they did a massive decrease in the price, and they put on fairly aggressive incentives as well. At 300 points you are down to $179/point which is down where RIV started at $165.50/point for 300 points. $207 for VGF and $188 for RIV at base price as well.

Disney essentially is pricing direct VGF at resale pricing over the past few months. So if they are going to do that with VGF people could see this occurring at a variety of other resorts as well.

Its pretty straightforward why some might be nervous if they own at a resort that has cash rooms that would be easy to flip in to these resort studios.

Don't lose sight of the fact that they had this at $255 for a sold-out resort. It's a different ballgame selling so many more points via active sales. Historically, new resorts come in at the current price of other active-sale resorts.

 

[lowlight]

We need new polls now. 1) Do you think they will keep VGF2 priced competitively with Riv past the initial sales season? and 2) Does Reflections ever rear it's ugly head again, or is it resort flips only for the extended future?

 

[TCRAIG]

My April 2022 points are already available and I was able to use them to book Hilton Head for Sept…so that’s making me happy - I’ll call later and get them to swap out any borrowed points and restore those.

 

[sethschroeder]

Don't lose sight of the fact that they had this at $255 for a sold-out resort. It's a different ballgame selling so many more points via active sales. Historically, new resorts come in at the current price of other active-sale resorts.

Thats fine but everything but RIV, AUL, and now VGF are sold out. So if in another 18 months there is rumors on BCV being the next resort to have cash rooms flipped it will have impacts on the resale market. Additionally RIV while at $207 did not interact as much with resale because of the resale restrictions.

So there should be a worry from other resorts with cash rooms about the next flip being at their resort and how those rumors or actual selling would impact their DVC value.

Many won't worry about it but some do as they view DVC as a short term expenditure they plan on selling again in 5-10 years.

 

[KAT4DISNEY]

Exactly. These are new Units, which didn’t exist in 2021, and their initial deed inception date is 2022.

The correct term is actually current points.

This I find shocking - no current points for 1/2 of the UY's? That I think is unprecedented. Once the entire resort is open then the points exist. That Feb-June wouldn't get points until the resort opens is understandable. That the 2nd half of the year would not? It defies the system. I'll have to roll this around in my head a bit more but first reaction is that it gives DVD/DVC several months of inventory.

 

[sethschroeder]

2) Does Reflections ever rear it's ugly head again, or is it resort flips only for the extended future?

I think this is the next big general question for DVC (besides point charts and AP discount sales which have been talked about a ton).

 

[Sandisw]

I literally just had the same conversation and said I would call them back because I wanted to check with others.

What are they doing with the points that they picked up via ROFR? They told me they are not selling ANYTHING deeded to the old building, no fixed weeks, no 2021 points. I asked a couple times. Anyone else get a different answer?

Same answer. The points they currently have are not being sold. Only those that come with the new building. It is why I decided to switch UYs and now have 3 (again)....I wanted points for summer.

 

[lowlight]

I haven't heard a peep from my guide, they must be pretty busy.

 

[UrsulaWantsYourSoul]

I haven't heard a peep from my guide, they must be pretty busy.

They may owe you luggage

 

[SleeplessInTO]

My 200 VGF2 points have been loaded. Wow. I'm not sure I can do resale again...

(Edited to add: March UY here.)

 

[Sandisw]

They have VGF1 points. ROFR and foreclosure have been trucking along all this time, and they haven't sold any. Interesting to hear they aren't selling VGF1 at this price. Or maybe you had to be really special to get those...

I think once we get to each UY, they will use either new or old points. For example, those with Feb and March UY could be deeded to new or old because they have started their 2022 UY. Come April 1st, they can sell you either, etc.

But, until someone is in their 2022 UY, they will not use the points they have from VGF1. While I had hoped they would, it probably was so that they didn't run out of points and then have to deal with unequal issues..

 

[TCRAIG]

Anybody else get an email about getting the luggage for first 500 promo?

 

[Sandisw]

My 200 VGF2 points have been loaded. Wow. I'm not sure I can do resale again...

(Edited to add: March UY here.)

Didnt get mine yet but this is going to be a new UY so he said it might take a little longer since they are setting it up as a new account..

 

[hhisc16]

We need new polls now. 1) Do you think they will keep VGF2 priced competitively with Riv past the initial sales season? and 2) Does Reflections ever rear it's ugly head again, or is it resort flips only for the extended future?

Start a new thread with this poll...
I think DVC is watching these sales and looking at where they can convert cash room at deluxe to DVC.

 

[SleeplessInTO]

FYI I got my docs. The estimated date unit is available for occupancy is June 19, 2022.

 

[Sandisw]

Correct but you had this exact resort at $255 a few months ago, they did a massive decrease in the price, and they put on fairly aggressive incentives as well. At 300 points you are down to $179/point which is down where RIV started at $165.50/point for 300 points. $207 for VGF and $188 for RIV at base price as well.

Disney essentially is pricing direct VGF at resale pricing over the past few months. So if they are going to do that with VGF people could see this occurring at a variety of other resorts as well.

Its pretty straightforward why some might be nervous if they own at a resort that has cash rooms that would be easy to flip in to these resort studios.

I do get this but what happened still matched what DVD has always done....they start a new property at the same rate as the current property.....the difference is they never had a property that go back into active sales so much later than it was sold out....

Of course, anyone who saw resale value as a big piece of the puzzle may be worried, but it still doesn't mean they devalued the product from a price point., IMO. It just means that they priced direct at the rate they need to to sell the points and that they don't use resale to set their pricing....they set it based on their own goals.

 

[RebelScum]

My 200 VGF2 points have been loaded. Wow. I'm not sure I can do resale again...

(Edited to add: March UY here.)

I also bought 200 and our points are also loaded already. When I spoke to the guide this morning (9:45), she did indicate that we would be getting the luggage.