Will BLT hold it's resale value better?

[kmc33]

Add-onitis has hit... We just returned from a wonderful stay in a savannah view studio at Kidnani Village (our first stay there). Thinking about adding on 100 points. At first I was trying to decide between AKV and SSR. After reading many posts on DIS boards, came to the conclusion that although I liked the the idea of close proximity to DTD, for many other reasons prefer AKV.

That said, we like trying different resorts and would not always stay at the same location. So part of what appeals to me about where I own is where there might be something harder to get at the 7 month mark, like a value or concierge at AKV or a standard at BLT. This is part of why I ruled out SSR since I think we could get what we would want there at 7 months out.

Then I started wondering if I should take a closer look at BLT. I like the idea of being on the monorail and since it is a higher point than other resorts, like the idea of the possibility of having the possibility of getting a standard view at 11 months that may not be available at 7 months. But it would cost more money to purchase 100 points there than AKV.

SO... I am finally getting to my point I was wondering if even though it would cost more to get points for BLT, would they hold there value better??? I know that DVC is not an investment, but the resale points are going for almost as much as direct through DVC. When SSR was first for sale, I think the contracts for resale were still going for lower than new points from DVC.

Maybe I am not looking at this right, or maybe it's one of those things that none of us have a crystal ball, but given the location of BLT, will the points hold a higher resale price or is it just the hype of it being new???

I truly appreciate any insights!
Thanks!!
Kim

 

[browniemtb]

Though no one can tell the future I would assume that BLT will hold its value better than most. Just by having a longer term before expiration and being on the monorail. I also think that AKV will hold strong as well. Of course all this is predicated on Disney exercising ROFR to keep the prices high.

 

[Sandisw]

IMO, I think it will. Its closeness to the MK will always be a selling point for people.

I agree that SV rooms are the hardest to get and for anyone who does not care about the view or what floor they will be on, it does put it in line with other resorts for certain seasons, making it a good value.

We travel in Magic season and the points at BLT are comparable to the other resorts we would choose--VWL, BCV, or BWV. So, we love being able to do SV rooms.

In the end, I think getting one of the resorts that has hard to get rooms is a beneift and I agree with you that you are more likely to be able to get rooms at SSR or OKW (just due to the size of the resorts) when you want to stay there.

Good luck!

 

[TLPL]

Actually I think VGC will hold the highest resale price of them all, given the extrme small number of villas available, and also it is the ONLY DVC resort in west coast. Once it sold out, it will be very hard to get. As the DCA expension completed, current DVC members will want to check it out there. Again, with only 48 villas in the whole resort, the only way to get a reservation at the time you want to go is if you own it there. The demand will increase, but the supply will not (until they decide to build another one), it is simple to see.

 

[dmoore22]

Let me check my Magic 8 Ball. Hmmmm. "Perhaps."

 

[robertdangelo]

Hopefully MF's at BLT will remain fairly low compared to other resorts... that should keep the resale value up.

 

[ChiSoxKeith]

Now, naturally my opinion is biased - I just closed on my DVC membership at BLT this morning.

But BLT is one of the safest bets to hold it's value. Don't underestimate the fact that BLT is on the monorail. Families with small kids (like mine) will always want that luxury.

 

[spiceycat]

my opinion - means needs nothing

think both BLT and BCV will retain their value.

reason both are within walking distance of very popular parks - MK and Epcot.
BCV has SALB, BLT has the monrail - so easy access to the other monrail hotels.

blt also has some nice views. - you can go to the TOW to see the fireworks (love it)

on BWV depends upon when you brought it.

ssr has already lost value on the resale market (if you really want SSR - look there first)

okw again depends upon when you brought it.

 

[Jason@dvcstore]

SO... I am finally getting to my point I was wondering if even though it would cost more to get points for BLT, would they hold there value better??? I know that DVC is not an investment, but the resale points are going for almost as much as direct through DVC. When SSR was first for sale, I think the contracts for resale were still going for lower than new points from DVC.

Maybe I am not looking at this right, or maybe it's one of those things that none of us have a crystal ball, but given the location of BLT, will the points hold a higher resale price or is it just the hype of it being new???

I truly appreciate any insights!
Thanks!!
Kim

I think BLT will sell at a higher price per point than the other 9 resorts for a few reasons, however, in my opinion it is partly because you are paying so much per point for the property. It is also because it is not a very large resort so not as many owners. If there are not so many owners then typically not so many sellers and the fewer BLT on the market the more the BLT owners can get per point.

I do, however, believe if someone buys resale they will typically be able to sell their property at or near the same price they bought in with some exceptions. As you mentioned when Saratoga Springs first hit the resale market it sold between $78 and $83 per point and now the market has settled typically between $67 and $71 per point.

Actually I think VGC will hold the highest resale price of them all, given the extrme small number of villas available, and also it is the ONLY DVC resort in west coast. Once it sold out, it will be very hard to get. As the DCA expension completed, current DVC members will want to check it out there. Again, with only 48 villas in the whole resort, the only way to get a reservation at the time you want to go is if you own it there. The demand will increase, but the supply will not (until they decide to build another one), it is simple to see.

From experience at The Timeshare Store, Inc.® this has not been the case. We had a Grand California sit on the market for 4 months. It was orginally listed at $112 per point and finally sold at $83 per point. I think Disney is disappointed with the demand for this resort as well and they are running some great cast member discounts at this resort (unless they have stopped).

Jason

 

[Deb & Bill]

Well, OKW has really appreciated since it was first sold. And also BWV, VWL and BCV.

 

[Tara]

Let me check my Magic 8 Ball. Hmmmm. "Perhaps."

That's strange, mine said "Ask Again Later"

 

[ssawka]

I think BLT will retain its value if they do not build a second tower (as has been speculated on the DIS). If the do build a second tower, it will double supply and decrease the value.

Second, I think the problem with VGC is that most DVC members want to go to check it out, but are not willing to make a commitment to the resort. Also, for many Californians, DLR is a "day trip". Also, for many parts of the country (at least the east coast). It is cheaper to go to WDW then to DLR.

 

[McCrae]

The Tokyo sales office opening should see an increase in demand for VGC and will probably have huge demand for DVC as Hawaii goes on sale.

My thoughts are that all of the resorts will hold up relatively well in price terms.

If one resorts gets too cheap people will just buy points at that resort to use at other locations.

Going forward I would expect Disney to increase the price per point and the number of points required to stay at a new resorts.

 

[cseca]

I think it's hard to say especially in the current economy.
BLT has a lot of plusses (close to MK, monorail access, restaurants on monorail resorts) but it also has some minuses (price/pt, points/room, some room layout, room size). Just like other resorts you won't know how BLT will fare until several years after. I think if DVC keeps BLT as it's sole monorail DVC it will probably keep it's value. If it gets competition from Poly or GF I don't know if it'll win tho.

...

From experience at The Timeshare Store, Inc.® this has not been the case. We had a Grand California sit on the market for 4 months. It was orginally listed at $112 per point and finally sold at $83 per point. I think Disney is disappointed with the demand for this resort as well and they are running some great cast member discounts at this resort (unless they have stopped).

Jason

I'm quite puzzled by this really. Only 48 rooms and yet it's not selling well. I think it's still too early to say as well. When the whole thing is sold out and DVC doesn't build anymore I think the resale value will keep if not increase. I will be extremely surprised if it doesn't.

 

[kmc33]

Wow, thanks for all of the responses! This certainly gives me a lot to think about. I know a lot of people say buy where you want to stay. I really enjoyed our stay at AKV, yet I know we wouldn't stay there each time. I like the idea of BLT location (although I haven't stayed there), but yet I know I wouldn't stay there each time either. In fact we have a small contract at OKW and haven't stayed there yet... although I would like to sometime, we have busy trying all the other DVC locations! But we had the luxury of traveling at less busy times and for the near future, will be traveling more during peak times. So, I think getting some of the reservations I have gotten at 7 months will be tougher.

Decisions, decisions... I wish all of life's decisions this tough

 

[iwrbnd]

BLT's potential resale value was one of the deciding factors when we bought it. My husband kept saying 'location, location, location". I guess only time will tell!

 

[Lewisc]

Does anyone doubt a second tower will be built after this one sells out?

 

[Bob Price]

Does anyone doubt a second tower will be built after this one sells out?

And if it is built, will it be the same association or will it be a separate resort? Can DVC just add another 200 rooms to this already established association?

 

[Jason@dvcstore]

Wow, thanks for all of the responses! This certainly gives me a lot to think about. I know a lot of people say buy where you want to stay. I really enjoyed our stay at AKV, yet I know we wouldn't stay there each time. I like the idea of BLT location (although I haven't stayed there), but yet I know I wouldn't stay there each time either. In fact we have a small contract at OKW and haven't stayed there yet... although I would like to sometime, we have busy trying all the other DVC locations! But we had the luxury of traveling at less busy times and for the near future, will be traveling more during peak times. So, I think getting some of the reservations I have gotten at 7 months will be tougher.

Decisions, decisions... I wish all of life's decisions this tough

In my opinion you should buy where you want to stay if you make reservations more than 7 months in advance.

In my opinion if making reservations less than 7 months in advance then owning at Saratoga Springs via resale is the way to go. Saratoga Springs via resale currently has the overall lost cost of ownership (assuming you keep for at least 10 years) and when making reservations less than 7 months in advance you can stay at any resort based on availability.

Jason

 

[kmc33]

In my opinion you should buy where you want to stay if you make reservations more than 7 months in advance.

In my opinion if making reservations less than 7 months in advance then owning at Saratoga Springs via resale is the way to go. Saratoga Springs via resale currently has the overall lost cost of ownership (assuming you keep for at least 10 years) and when making reservations less than 7 months in advance you can stay at any resort based on availability.

Jason

That sounds like good advice.