What was the original cost/point?

[kangaroodle]

What was the sale price for points during the original sale for OKW back in 1992? Just curious. What is the sale price now?

 

[Chuck S]

The 1991 pre-opening price was in the $48 range. I paid about $51 per point in May 1992, and there was a slight increase in June or July.

Current "new" sales are over $90 per point, I think. Resales, of course, vary but are in the $65 to $75 point range.

 

[TLSnell1981]

They even offered a credit for our stay towards the purchase price. Too bad I had no idea what they were trying to sell me. We didn't want to take the time to do the tour.

What a dummy.

 

[RobDoc]

Here is a history of DVC as compiled from past posts over the years:

Pre-Construction -- $48 (230 pt. minimum)
October, 7, 1991 -- Sales begin at OKW
December, 1991 -- OKW opens at $51
January, 1992 -- $51 (230 pt. minimum)
February, 1992 -- $51
July-August, 1992 -- $54.50
11/1/92 -- $56
May, 1993 -- $56 (190 pt. minimum)
July, 1993 -- $57.50
January, 1994 -- $57.50 March, 1994 -- Announce Newport, CA plans
April, 1994 -- $59 Increase announced for June
6/15/94 -- $60.50
November, 1994 -- $61.50
7/1/95 -- $62.75
October 1, 1995 -- Vero Opens
March 1, 1996 -- HHI Opens
May, 1996 -- $62.75
July, 1996 -- BWV Opens
May, 1997 -- $62.75 (150 pt. minimum)
May, 1998 -- $62.75
Fall, 1998 -- OKW Sells-out
Fall, 1998 -- Announce WLV
January, 1999 -- $65
October, 1999 -- $65 (notice of OKW selling out again after adding buildings 62, 63, 64)
Mid-May, 2000 -- $67
June, 2000 -- $67
November, 2000 -- VWL Opens, BWV Sells-out
December, 2000 -- VWL sales begin
January, 2001 -- $72
March, 2001 -- an increase to $75 announced for June
June, 2001 -- $75
February 3, 2002 -- Sales begin for BCV
March 6, 2002 –- Reservations begin for BCV
June, 2002 -- $80 per point
Dec 1, 2002 -- $84 per point (announced early Oct.)
Aug 4, 2003 -- $89 per point (SSR Sales begin with $10 discount = $79) with expiration in 2054.
May, 2004 -- SSR opens.
May, 2004 -- $95 per point @SSR, $89 at other DVC resorts.
June, 2005 -- $98 per point @SSR, $92 at other DVC resorts.
Jan (?), 2006 -- $101 per point @SSR, $95 at other DVC resorts (with some variances at OKW, VB and HH). Incentives are also available lowering the effective purchase price for 150 or more points.
Fall , 2006 --AKV announced.
February 1, 2007 -- AKV sales begin for existing members. $101 ($8 incentive discount also available)
March, 2007 -- $104 per point. (160 point minimum) ($8 incentive discount available)
July 2, 2007 -- AKV opens as part of main AKL resort - Jambo House. (Original opening - was moved up to July from September)
Summer, 2007 -- GCV Announced (opening in 2009)
Fall, 2007 -- Ko'Olina, Hawaii DVC resort announced (opening in 2011)
September, 2007 - DVC extends OKW land lease until January 31, 2057. Existing members have the option to purchase the extension at $15 per point thru February 29, 2008.
May, 2009 -- AKV - Kidani Village - opening.
September 16, 2008 -- BLT announced. Sales begin on 9/21 to existing members at $112 per point plus a $5 incentive. Sales for new members begins on October 5, 2008. To open on September 1, 2009.
September 16, 2008 -- THV announced as an addition to SSR. To open in Spring, 2009.
January 15, 2009 -- Price increase to $112 for AKV purchase.
Spring, 2009 -- GCV sales begin at $112 per point.
Fall, 2009 -- Price increase to $120 for BLT and GCV purchases. Other incentives available

 

[amcnj]

I am not sure when it first started, but know that the minimum point purchase in late 1995 was already down to 150. Sorry but I can't recall what month that was though.

Also, when were the free park passes, and was it 2 passes per bedroom? Were they offered from the start? Again I believe in the latter part of 1995 DVC reps were saying there were not a lot of points left with the free passes attached, but I wodner when they did officailly run out.

 

[kangaroodle]

We bought into OKW in 1995 and got the free park passes. If you stayed in a Studio, you got 2 passes, 4 passes for a two bedroom and 6 passes for a Grand Villa. Minimum purchase was 150 points and we payed around $57/point. Loved those free passes but that only lasted until the year 2000. Don't know how long that deal lasted.

 

[Coach81]

Wow.. if only.. but let's see in '95 I was about 25.. and Disney was no where on the radar for me..but boy if I could go back in time!!!

 

[bongo59]

I paid 48 bucks for OKW in 1992........What a bargain.

 

[MCazer]

I bought a resale in 1997 for $54 a point and received the free passes until 2000, as the original owner had them. What was great was that they let you borrow from your 2000 use year into your 1999 use year and we brought 17 people down with us, and they got the free passes too!

 

[TheRustyScupper]

1) In late 1992, we paid $52.00/point for what is now called OKW.
2) There was some kind of a minor discount incentive.

 

[Buffman]

The 1991 pre-opening price was in the $48 range. I paid about $51 per point in May 1992, and there was a slight increase in June or July.

Current "new" sales are over $90 per point, I think. Resales, of course, vary but are in the $65 to $75 point range.

I was quoted $101/pt for a 47 yr lease on OKW 3 days ago (200-240 pt range). I did sign for BLT, but I think the missus is going to have me rewrite into OKW before I put ink to paper.

 

[Buffman]

We bought into OKW in 1995 and got the free park passes. If you stayed in a Studio, you got 2 passes, 4 passes for a two bedroom and 6 passes for a Grand Villa. Minimum purchase was 150 points and we payed around $57/point. Loved those free passes but that only lasted until the year 2000. Don't know how long that deal lasted.

That was a nice perk that I got to exploit from my parents (3 kids in '99 visit), who have been with OKW since almost the beginning.