Why so many BC resales right now?

[jekjones1558]

What's with all the Beach Club resales available right now? It is such a small resort that it is very odd to see so many. This has been the case for a number of weeks now. Am I missing something?

 

[jemiaule]

Well it is annual dues tme. Maybe some folks have decided they do not go enough anymore to justify the cost and have decided to sell.

Also maybe it could be people who have more than one contract and want sell one so they can buy AKV when it comes up.

I don't think there is anything "wrong" though that is causing people to sell.

 

[Granny]

I looked on a few of the sites, and it looks like a lot of resales in general. What's amazing (though I think it's not all that surprising) is the high number of SSR contracts. How'd you like to be selling one of those and competing with Disney and the promotions on top of paying commissions.

FWIW, the other sites I checked didn't have as many BCV contracts...lots of OKW of course and BWV.

I don't think there is really anything going on to spur BCV resales specifically. The only thing I can think of is that BCV dues have the highest average annual rate of increase of any of the DVC resorts since each opened (but the 2007 increase is only 3.3%).

I don't know...maybe someone else can speculate.

 

[Beca]

Hi Jean,

I think people are having more luck getting into BCV at the 7 month window, and therefore people are not feeling that the extra $10 per point over the "going rate" of the other resorts is worth it.

I think things will change in the spring when people start planning their trips in the spring.

JMHO....

 

[Starr W.]

I really feel like it's the economy, I'm here in the midwest and while I watch CNBC as part of my job and all the "soft landing" & stuff, I really don't see things getting better locally. Big Ford plant in the next town over from me is closing.

Since this is my first year as a DVC owner, perhaps you see the increase in resales due to the annual dues statements, Xmas spending and year end evaluations to pare back small positions or get out entirely.

My guess is you start seeing some pick up in buying once tax refunds start coming in. Though that might be later as I found out yesterday, one of my brokerage accts is not planning on mailing out 07 1099 until 2/7/07.

 

[jade1]

I would guess its the $90 to $99 a point that is too inviting to someone that paid $70 a few years ago and maybe some are planning on AKV. What a great situation for them to be in.

 

[WendyinNC]

As a recent resale purchaser, I thought the price of BCV was too high. I really like the pool. I was there in the Summer of 2005. But, I mainly wanted to secure a good location. I bought BWV for $84. If I wanted BCV bad enough I would probably have gone through Disney rather than the resale market.

 

[salmoneous]

Two things to think about...

Looking at changes in the number of contracts up for sale vastly overstates the amount of change. A better way of looking is to look at the number of contracts not up for sale. If you focus on the 29,970 owner s who aren't selling this month vs the 29,990 owners who weren't selling last month - you'll see things really haven't changed that much. I think that's a better way to look at things than to see the 30 contracts up for sale this month, vs the 10 that were available last month.

That said, I think there really is a market correction going on. BCV has been getting about a $10/point premium over BWV and VWL. I've always felt that premium was temporary and not justified by greater marketplace demand. In general, when real estate is slow to sell, it's an indication that asking pricing are too high. I think the price BCV owners want is a bit too high compared to what BWV and VWL owners are asking. That's going to slow sales a bit.

* number completely made up for illustrative purposes only

 

[lisareniff]

That said, I think there really is a market correction going on. BCV has been getting about a $10/point premium over BWV and VWL. I've always felt that premium was temporary and not justified by greater marketplace demand. In general, when real estate is slow to sell, it's an indication that asking pricing are too high. I think the price BCV owners want is a bit too high compared to what BWV and VWL owners are asking. That's going to slow sales a bit.

I think this is true. The asking prices seem to be dropping slightly.

 

[dis-happy]

The upsurge of resale listings happens every January (at least for the 3 years I've been on these boards!). Most likely the annual dues....

 

[JWimberley]

Speaking of the annual dues, does anyone have a link to the annual dues for each resort? I'm looking at resales and I'm curious as to what they are in relation to the purchase price...

Thanks,
Joshua

 

[DisDaydreamer]

Hi Jean,

I think people are having more luck getting into BCV at the 7 month window, and therefore people are not feeling that the extra $10 per point over the "going rate" of the other resorts is worth it.

I think things will change in the spring when people start planning their trips in the spring.

JMHO....

Bingo... I think you've got it.

 

[greenban]

Hi Jean,

I think people are having more luck getting into BCV at the 7 month window, and therefore people are not feeling that the extra $10 per point over the "going rate" of the other resorts is worth it.

I think things will change in the spring when people start planning their trips in the spring.

JMHO....

And this goes to prove my point! SSR, with all of those extra rooms, actually made booking at BCV easier.

So there all you SSR bashers!

Bwwaahahahahahahhahahaah

-Tony

 

[Granny]

Speaking of the annual dues, does anyone have a link to the annual dues for each resort? I'm looking at resales and I'm curious as to what they are in relation to the purchase price...

Thanks,
Joshua

Here you go.

http://personalpages.tds.net/~rb/DIS/DVC/DVCDuesHistory.htm

 

[Chloe'sMom]

As a recent resale purchaser, I thought the price of BCV was too high. I really like the pool. I was there in the Summer of 2005. But, I mainly wanted to secure a good location. I bought BWV for $84. If I wanted BCV bad enough I would probably have gone through Disney rather than the resale market.

I'm also a recent resale purchaser. I like the Beach Club mostly for the location but at $90+ per point I just couldn't justify the expense. I could get on at SSR with an extra 10 years of use for less then that!

We ended up purchasing BWV as well for $81 per point. Never even crossed my mind to purchase there but now with all the postives I'm reading I'm glad I choose it over the Beach Club and saved the money.
~Amanda

 

[starbox]

My theory is that BCV is very popular with people looking to rent points, and some people who bought BCV contracts to rent rather than use may be feeling like the new resrictions and monitoring make it more trouble than it's worth.

 

[CarolA]

I would guess its the $90 to $99 a point that is too inviting to someone that paid $70 a few years ago and maybe some are planning on AKV. What a great situation for them to be in.

Got to be honest, I did look at those prices I was tempted. And while on some sights there are several resales they also seem to move (espeically the smaller contracts that aren't stripped!)

I am keeping my points. LOL!

 

[jade1]

Got to be honest, I did look at those prices I was tempted. And while on some sights there are several resales they also seem to move (espeically the smaller contracts that aren't stripped!)

I am keeping my points. LOL!

Same here for now. BCV is still just too good to let go even at a remarkable return-but when something better for us does come along, (its not AKV for us) I wouldn't want to own anything else.

 

[Doctor P]

In order to morph points, you have to have a contract at the resort you are try to morph points into. Perhaps this is a sign that the restrictions on morphing points are having an effect since morphing points into BCV points seemed particularly popular.

That said, I don't think this IS the explanation, but since no one had explicitly raised it I thought I would throw it out there.

 

[Melrosgirl]

I LOVE BCV (bought in 2002). DH was trying to get me to sell it a few months ago. Not many timeshares out there that you can sell at a decent profit. (Let's face it,most typical timeshares people take a major loss on.)