What is BLT worth per point?

[charminnie]

I have a 270 point contract at BLT. Not ready to sell quite yet but maybe in the next few years. Just wondering what the contract is worth now? Thanks

 

[Toreby]

Whatever someone is willing to pay for it....Sorry, not trying to be a smartass, but that is really what it's worth. For recent prices, check out the ROFR thread.

 

[miTnosnhoJ]

I have a 270 point contract at BLT. Not ready to sell quite yet but maybe in the next few years. Just wondering what the contract is worth now? Thanks

Yeah, check out the ROFR thread. The good news is you don't have to read the whole thread. You can read the first couple of posts and see all the recent transactions that have been reported. Also, you may want to go back to the previous ROFR thread. There should be a link to it in the current ROFR thread. It will go back three months earlier than the current thread.

 

[skippytx]

I'm paying 125/pt for a 160 BLT contract with all 2017 points. Larger contracts might be a few dollars less per point, but BLT contracts are hot right now, most selling in a day or two after listing.

 

[gharter]

I would check with the websites from the different brokers to see what people are paying.
Obviously, the price Disney gets is different than what resale gets.
Good luck.

 

[ELMC]

There are a lot of factors at play, but the range you could expect is about $115-$130 per point.

 

[Spork24]

I would plan to walk away with around $95 per point after commission and such if I was thinking about selling my BLT points, who knows what the market would do in a few years.

But for the purpose of planning my finances in my head I would value it at $25K plus or minus $2500.

 

[ELMC]

I would plan to walk away with around $95 per point after commission and such if I was thinking about selling my BLT points, who knows what the market would do in a few years.

But for the purpose of planning my finances in my head I would value it at $25K plus or minus $2500.

I think that is a very realistic expectation given the current resale prices as well as the market over the past 5 years. However, as with the stock market, past performance does not guarantee future results. There are many who think we are on the precipice of a major recession, and if that happens, DVC prices will likely take a huge nose dive. It's not likely, but you never know.

 

[DVCcurious]

I have a 250 BLT listed at timeshare store for $115.

and it's just sitting there collecting dust since May.

So based on that I'd say your contract is worth less than $115.

 

[TexasChick123]

I have a 270 point contract at BLT. Not ready to sell quite yet but maybe in the next few years. Just wondering what the contract is worth now? Thanks

Definitely depends on the number of points available now and in future years. I just bought one for $100pp with no points until 2018. I had 2 taken by ROFR with most of 2017 points for $102 and $106pp. It took me a while to find another one in the same ballpark after those two. Good thing about no points this year is that I don't have to reimburse or negotiate for 2017 MF's. Personally, I think $115pp for even a loaded BLT contract is high, but it only takes one buyer for that price to be right. There's one currently listed with Vacatia for $110pp with all 2018 points coming on, but it is an August UY which means you won't get your points for 1 year unless you borrow. I've seen people paying high prices for BLT. I think $100-$109pp is fair for a contract with all 2018 points coming on, but Disney may snatch it up! Disney exercising ROFR should have no effect on you as the seller though and may make things go smoother with the sale. Also, the smaller contracts go for more per point, generally. Your 270 point contract probably won't command as much per point as a 100 point contract.

 

[PapaCharles]

If it helps, when I was looking for a BLT contract in late March/early April, I put every BLT contract from Jan '16 - March '17 fror threads in a spreadsheet, only two of them with 200+ points from that data source sold for more than $115 a point. Both of those contracts had prior use year + of points too, so I would say even those were well below $115 a point.

With that said, Texaschick, DVCcurious and others are right on imho - I guess only time will tell

 

[ELMC]

I have a 250 BLT listed at timeshare store for $115.

and it's just sitting there collecting dust since May.

So based on that I'd say your contract is worth less than $115.

I'm going to speak in generalities because I don't want to discuss specific contracts for sale in this forum. Contracts that have no current UY points and little to no upcoming UY points are very unattractive to buyers who typically want their points RIGHT NOW. So to anyone considering stripping out future year's points from their contract before selling, you should know that you run the risk of not finding a buyer or having to discount by the value of the points that you stripped out in order to make it attractive.

 

[kboo]

Definitely depends on the number of points available now and in future years. I just bought one for $100pp with no points until 2018. I had 2 taken by ROFR with most of 2017 points for $102 and $106pp. It took me a while to find another one in the same ballpark after those two. Good thing about no points this year is that I don't have to reimburse or negotiate for 2017 MF's. Personally, I think $115pp for even a loaded BLT contract is high, but it only takes one buyer for that price to be right. There's one currently listed with Vacatia for $110pp with all 2018 points coming on, but it is an August UY which means you won't get your points for 1 year unless you borrow. I've seen people paying high prices for BLT. I think $100-$109pp is fair for a contract with all 2018 points coming on, but Disney may snatch it up! Disney exercising ROFR should have no effect on you as the seller though and may make things go smoother with the sale. Also, the smaller contracts go for more per point, generally. Your 270 point contract probably won't command as much per point as a 100 point contract.

You're buying BLT after all?! Good luck with ROFR!

 

[JHank44]

Somewhat surprisingly, BLT prices have been trending down over the last year even though it appears available contracts to be low and with Disney increasing their ROFR activity.



As for size impact, there is definitely an impact but a significant variability:

 

[PapaCharles]

Somewhat surprisingly, BLT prices have been trending down over the last year even though it appears available contracts to be low and with Disney increasing their ROFR activity.
View attachment 252393
View attachment 252395

As for size impact, there is definitely an impact but a significant variability:
View attachment 252396

Nice data, is it available publicly?

 

[JHank44]

Yes, all from the OCC deeds. It is a manual process for me to put it into a spreadsheet but the data is all there. Probably takes me about 30mins for each month.

 

[NjMamaMouse]

I just got a 160 contract with 2017 points for $111 a point

 

[TexasChick123]

@JHank44 I love spreadsheets and data points. Thanks for sharing! It is interesting to see the ppp from your spreadsheet because the brokers are claiming it is currently closer to $120pp currently. I think it is also worth noting that they were taking back about 20% in November 2016 (when people say the prices are lower) and almost 45% in December 2016. That's a huge jump in a month. Then again, looking at last year vs. this year with ROFR rate, there seems to be no discernible pattern as to when they ramp up buybacks. January 2016 was almost no buybacks where January 2017 was over 40%. What the heck goes on in those committee meetings?!?

 

[PapaCharles]

@JHank44 Thanks, I love this data.

Is the percentage up because of less contracts? Less points?
Has total points taken monthly via rofr also been increasing?
Have the amount of points sold direct been increasing?

 

[kboo]

Also, is there any data (I know the OC recorder doesn't have it) on whether there's any seasonal correlation with loaded and stripped contracts, or prices and stripped/loaded contracts? I'm sure @JHank44 signed up to do a multivariate analysis....