Where do you think DVC resale prices are headed?

[lovethesun12]

5/5 update

number of newly posted resale contracts at about 120% of average

Good thing the resale markets are getting increased listings lately to fulfill their higher demand at increasing prices

 

[DisMomKY]

This is my FIRST EVER reply on this site. And I am a huge longtime fan. In fact I am an avid fan on a competitor and they let me post to your opinions (!).

Here are some counteroffers I refused due to the fact that DVC contracts (especially middle aged ones) are crashing.
Yesterday: 100 points. SSR. $80 per point
Today (I thought it was the same, but not, different usage, etc) : $80 per point
Saturday: AKL $91 per point /220 points
Boardwalk- 40 min ago. $100/ point - 200 points

(NONE stripped, two did have high closing fees - $900-$1400)

Guys and gals, things are out there and we’ll priced.But there’s a dam about to break when opportunists leave after further depreciation. When volume thins, who knows when, but more importantly who knows how low the point values can go

Where are you finding these

 

[Noles235]

Where are you finding these

I’m not seeing any prices like those the poster listed with any of the resellers I look at nor have I seen any transactions posted on the ROFR message board with these prices.

 

[DisMomKY]

I’m not seeing any prices like those the poster listed with any of the resellers I look at nor have I seen any transactions posted on the ROFR message board with these prices.

Me either, that’s why I was asking

 

[mamaofsix]

Me either, that’s why I was asking

If I'm reading their post correctly, they are listing the prices of counteroffers that they refused. So, you wouldn't be able to find the prices on any reseller sites, because they are counteroffers.

 

[Noles235]

If I'm reading their post correctly, they are listing the prices of counteroffers that they refused. So, you wouldn't be able to find the prices on any reseller sites, because they are counteroffers.

They must be making incredibly low offers to get that type of counteroffer. I don’t think most posters on this board make an offer below those prices that are turned down.

 

[AKNOTTS66]

They must be making incredibly low offers to get that type of counteroffer. I don’t think most posters on this board make an offer below those prices that are turned down.

Those counter offers being so low must be shocking a lot of sellers that they aren't accepting them. If I was in the market for any of those resorts I'd take those prices in a heartbeat. I'd imagine its frustrating a lot of the agents also that are taking your offers to the seller. I'd be a little careful if this is all at one resale website, they might think your wasting their time if you aren't taking any of those offers.

 

[Noles235]

Those counter offers being so low must be shocking a lot of sellers that they aren't accepting them. If I was in the market for any of those resorts I'd take those prices in a heartbeat. I'd imagine its frustrating a lot of the agents also that are taking your offers to the seller. I'd be a little careful if this is all at one resale website, they might think your wasting their time if you aren't taking any of those offers.

I’d love to know what site as I may see about picking up an additional or two.

 

[Cyberc1978]

I’d love to know what site as I may see about picking up an additional or two.

Historically fidelity have had the lowest prices.

 

[mamaofsix]

They must be making incredibly low offers to get that type of counteroffer. I don’t think most posters on this board make an offer below those prices that are turned down.

I think the point they were trying to make was that they believe the prices are about to tank, which is why they refused the counter offers. Maybe most people on these boards would not have made an offer that low in the past, but that's about to change big time. I believe that's the point the poster was trying to make.

 

[AKNOTTS66]

I’d love to know what site as I may see about picking up an additional or two.

It has to be a bunch of sites and OP must be cherry picking listings that have been up for a couple months I'd imagine. DVCresalemarket.com does show the date a listing is listed so you can tell how long its been up. OP also might not care about use year so it gives them tons of flexibility.

 

[AKNOTTS66]

I think the point they were trying to make was that they believe the prices are about to tank, which is why they refused the counter offers. Maybe most people on these boards would not have made an offer that low in the past, but that's about to change big time. I believe that's the point the poster was trying to make.

I do think prices will go down some but availability is something to really watch. Less contracts creates a supply and demand issue. Which might slow price drops. A huge factor also depends on the sellers desperation and ability to hold it and wait.

 

[BWV Dreamin]

I feel the broker was the obstacle in this offer. Took two days and two calls and email to present the offer. Contract has been listed since February. I’ll wait......

 

[Brianstl]

They must be making incredibly low offers to get that type of counteroffer. I don’t think most posters on this board make an offer below those prices that are turned down.

At this I would

 

[ABE4DISNEY]

I've made four low balls--not super crazy...low 80's on SSR(150 pt) that are in the upper 90's range and none have dipped below 94 and some of the brokers(all from 4 different websites) have indicated that 94 was market value and the only price to be ROFR approved.

I want to know where he is making offers. Talk to me, John Purcell, please.

 

[MICKIMINI]

It is obvious that prices are not going up and there is a smaller pool of buyers every day. There are so many reports from regular posters saying some brokers (or gate keepers) are trying to hold prices up by dismissing offers, suggesting DVC will take by ROFR (none right now) or trying to guilt a buyer into making a bigger offer or outright shaming them. If this turns out to be true, it will be a sad disservice to the sellers that should have the opportunity to make up their own minds. It might make the difference between paying the mortgage or not - as other offers may not happen. To be clear, we don't know the extent of this trend but the amount of reports is piling up.

I have yet to find my contract but I am looking forward to making offers as I have plenty of experience buying and selling DVC...and though it's okay if my offer is declined I want to know the owner made the call.

 

[ABE4DISNEY]

I just spoke to a broker who was very cool with the idea of trying to get a good deal through ROFR; that was a nice change.

BUT it was also indicated that people are still buying In a close range (-$5) to the prices listed.

So, everyone, quit buying now!!!

 

[MICKIMINI]

I just spoke to a broker who was very cool with the idea of trying to get a good deal through ROFR; that was a nice change.

BUT it was also indicated that people are still buying In a close range (-$5) to the prices listed.

So, everyone, quit buying now!!!

I doubt it. More BS...there is no ROFR currently. I really like particular brokers from three agencies and can talk to them with great honesty as they know I know the market. I haven't bought/sold since last spring.

That statement leads me to believe that there are not many sales right now and they are referring to "recent" (like 3 months worth) sales, spinning the story without lying. So that might be very true in that respect, however it can not be true in the last 3-4 weeks, nope!

Most of us can't find what we want yet, so no worries until that October Unicorn shows up and then all bets are off!

 

[ABE4DISNEY]

I doubt it. More BS...there is no ROFR currently. I really like particular brokers from three agencies and can talk to them with great honesty as they know I know the market. I haven't bought/sold since last spring.

That statement leads me to believe that there are not many sales right now and they are referring to "recent" (like 3 months worth) sales, spinning the story without lying. So that might be very true in that respect, however it can not be true in the last 3-4 weeks, nope!

Most of us can't find what we want yet, so no worries until that October Unicorn show up and then all bets are off!

I don't have a unicorn; I have about 5-6 options, but none of the sellers want to deal with me. And that's okay. I understand.

But I told the broker to call me when someone wants to unload a nice little contract.

 

[Brianstl]

I don't have a unicorn; I have about 5-6 options, but none of the sellers want to deal with me. And that's okay. I understand.

But I told the broker to call me when someone wants to unload a nice little contract.

If those contracts are still on the market in two weeks, go back and offer less.