Why so many Saratoga Resales?

[MiaSRN62]

Will it end up like OKW at 25

Not suprised at all that OKW has the most resales. It's a larger resort than most of the others (not sure what SSR is up to), but it's also been around the longest. I know someone else has mentioned this as well. I'm sure there are Members who bought OKW back when it first opened '91-'92 who feel they have gotten 10-15 good years of vacations out it and are ready to move on. So based on the size of resort and the length of time it's been opened, 25 resales at OKW does not suprise me in the least. I've been on the resale sites and seen alot more of the other resorts as well. It fluctuates from time to time. As for the SSR resales after such a short amount of time being open, I think it is just a case of rash decisions that were made in the heat of a pixie dust moment I'd bet all the DVC resorts had a few of those quick turnaround resales in the beginning. SSR being larger than say BWV, BCV or VWL, I'd expect to see more resales.

 

[tomandrobin]

While I agree with your point as it pertains to DVC, I would be *shocked* if your statistic regarding the divorce rate in the first three years turned out to be accurate. *Seventy percent* in the first three years???? I don't believe it.

Maybe the stat is suppose to be..... "If you are going to get a divorce, 70% will occur within the first 3 years" .... not 70% of marriages lead to divorce the first 3 years.

 

[tomandrobin]

I am curious why people are selling SSR, after owning for a short period. I wonder how many resales there will be after a few years pass?
Will it end up like OKW at 25

Its obvious........Its called buyers remorse! Cuaght up in the magic while on vacation and bought spur of the moment. Got home and realized.....oh crap, I can't afford this. Look at any timeshare property that is selling "new" units and you will see this happening.

I checked the BCV at the Time Share Store and there are only 3 sales and 4 sales pending. I have been monitoring the sales over the past few months and noticed BCV sales turn into sale pendings within a 1 month period. Also BCV commands a higher resale value, price per point is much higher than SSR and the other resorts. I think the fact the it is a smaller resort and the premium location impacts the resale value.

I included all listings, even the pending sales. Obviously your interests are biased towards BCV. If you are going to quote facts and figures, include them all. See below for revised numbers with pendings indicated.

 

[tomandrobin]

Just figure I post an update based on cuurent listings at the Timeshare Store (our host). Pending sales, which are included in the total, is indicated by the second number.

BCV - 7, 4
BWV -8, 3
HH - 4, 3
OKW - 25, 12
SSR - 11, 3
VB - 8, 3
WL - 19, 5

Interesting how the time of year effects the sales and what is for sale. I bet that in Dec and January the WL sales are pretty good and HH and VB are dogs.

 

[Chuck S]

OKW resale rates do not surprise me at all, and most of the resales probably have nothing to do with the overall quality of OKW. As a previous poster stated, OKW has been aound for 15 years. We bought in in 1992. If I chose to sell, I could get substantially more than the $51.50 per point I paid, making my initial purchase and dues during the following years nearly "break even", add to that the free park passes we recieved until 2000, and sellers end up way ahead. Also, in all the years OKW has been open, a lot of changes have taken place in the earlier families. Children have grown up, WDW may no longer be their primary vacation spot. Deaths hacve occured, and perhaps the heirs have no interest in WDW vacations, or maybe their is a quarrel between some heirs, making the sale necessary. Once the kids were grown an d out of the house, many couples also may be seeking divorce - how many times have we all heard of a couple "staying together for the kids" then when they are off to college it is divorce time. Given the size and circumstances of OKW, I don't think the resales are out of line.

The same is true of SSR, I don't think those numbers are necessarily reflective of anything. In todays economy things change rapidly. what people could afford last week, they may not be able to afford this week. GM, ATT (SBC), Ford, Motorola (to name only a few)...all have had massive layoffs during the last few years. Downsizing, outsourcing, and maximizing profits are what businesses today are about, with little regard to employee benefits and stability.

 

[starbox]

Maybe the stat is suppose to be..... "If you are going to get a divorce, 70% will occur within the first 3 years" .... not 70% of marriages lead to divorce the first 3 years.

My father is a professional marriage therapist, and the 70% statistic is one of those things that stuck in my head - his point being that the longer you are married, the lower your statistical chance of divorce. I looked it up this morning and I was sort-of right with the 70%.

Percentage of SECOND marriages that end in divorce by year three is around 70% (as high as 75% in some states)

You're right about the 70% statistic being worded wrong, here is the whole statistic:

Out of marriages that eventually end in divorce, approx. 70% of those divorces occur within the first 3 years and approx. 80% occur before the fifth year.


After looking at those graphs, it does look like people are staying faithful to DVC Or maybe regular trips to Disney are good for marriages . Maybe Disney should study this - it could be a great sales pitch.