Will VWL prices drop once Contemp. Vil. go online?

[thelionqueen]

Like many here have said, different locations and resorts appeal to different people. While I really like the VWL, I live in the Rocky Mountains and when I go to Florida, I don't want to feel like I am back in the Rocky Mountains. We really like BCV, and that's why we are waiting to close on our very first contract, at BCV. Being able to walk to Epcot or take the boat to DHS is one reason why, and SAB is another reason. KT doesn't appeal to us at all. So I think there is still going to be demand for all the different types of resorts.

I am SO glad I saw this post before putting up my comments. All I can say is DITTO DITTO DITTO DITTO

Wilderness Lodge is BEAUTIFUL, no doubt! But I want to go to Florida to experience the beach, sun and fun. I don't want to get a lodge theme, or Africa Theme, which is why neither of those DVC's appeal to me.

Which is why DVC has something to fit everyone!!

Having said that..a previous poster mentioned something about KTV being the most "popular" DVC. Obviously each DVC has its loyal fans and each will likely always attract buyers. However, in "general" I think KTV will have the popular general appeal. For those brand new to DVC I think KTV will be a much easier sell than say SSR (not that SSR is not amazing, I love it there too).

In any event, I personally like KTV for many reasons, but first and foremost is because it's a part of the Contemporary. I stayed at CR the very 1st trip I ever made to WDW and it is PURE Disney Magic to me. Seeing the monorail outside my door at contemporary, and seeing Mickey & Minnie from up above at Chef Mickey's was just amazing. So, KTV to me is as close to owning pure Disney magic as it comes; for me personally.

Good thing DVC has something for everyone and special to members hearts!

 

[gblast123]

I think many of you may still be missing the point of this thread.

I wanted to see people's opinion as to RESALES, only.

Obviously, if you are happy with a resort, you are not going to sell, no matter what the price of resales do, whether it goes up or down.

Nor am I looking at whether VWL (or any other resort) is better or worse.

I was looking primarily at the ecomonic effect of RESALES in light of the proposed KT/CRV resort, and whether prospective buyers, like me, should make a decision to buy now or wait to see what the effects would be.

All this input about character, etc, is interesting and important to any prospective DVC buyer... but price plays a large part in terms of whether someone should buy or choose a different resort.

David

 

[ZekeKelso]

All this input about character, etc, is interesting and important to any prospective DVC buyer...

Which is exactly why people keep bringing it up.

Future resale prices will be driven by supply and demand. Your initial suggestion was that demand for VWL is driven by proximity to the MK and will thus go down when CRV opens. People are pointing out that their demand for VWL was driven by theme and character more than MK-proximity. Therefore, they don't think demand, and consequently prices, will tank.

 

[ldo]

price (as long as it was similar to other DVC resales was irrelevant--it could have been up to $5 a point higher), theming was 75% of reason why I bought VWL, being a smaller DVC and also hooked into a hotel 20%, boat/close to MK less than 5%.
Since VWL is a smaller resort, you should find a smaller number of resale VWL contracts vs. larger resorts. I think that limit in supply will keep VWL prices steady. I would be highly surprised to see a drastic drop. Plus, if you get a loaded contract--or at least one with current UY points, that would pretty much offset any drop in the future.

 

[gblast123]

price (as long as it was similar to other DVC resales was irrelevant--it could have been up to $5 a point higher), theming was 75% of reason why I bought VWL, being a smaller DVC and also hooked into a hotel 20%, boat/close to MK less than 5%. Also KT appeals to me 0%--I think many VWL buyers might be similar.

Many does not equal all.

Granted that there is a certain percentage that will buy VWL, no matter what. But there is a basic economic principle that you, and several others are ignoring.

This post is directed at those people who are NOT interested in the theme, or whose interest in theme is secondary to A) location and B) number of years left on contract C) proximity to transportation (ie monorail vs other transport modes).

KT/CRV will have considerable advantages with respect to those issues...and the ability to walk to MK...

What is the difference in price worth? I really don't know exactly, but that is one purpose of this thread, to help me, and others like me, to ascertain this for potential future purchases.

One thing has been quite clear over the last few months, prices at VWL, as well as BWV have decreased. Whether it is due to KT or due to other factors, is unclear for now.

DAvid

 

[Laxmom]

Since KT hasn't even been officially announced, I really don't think it has had any effect on prices. I think there are other economic factors that have had an effect; ie economy, years left on contracts for example. The prices at Vero and HHI have also come down and they aren't in direct competition with KT.

 

[corpcomp]

I'm setting up a business meeting at WDW and the Convention manager indicated that the economy is impacting the conventions. Some are scaling back. This may start to impact sales (and resales) in general and hopefully will result in some decent deals. But based on my recent visit and the crowds, everyone seems to be spending like there is no tomorrow.

 

[gblast123]

Since KT hasn't even been officially announced, I really don't think it has had any effect on prices. I think there are other economic factors that have had an effect; ie economy, years left on contracts for example. The prices at Vero and HHI have also come down and they aren't in direct competition with KT.

Well, I have to disagree. I spoke with a few different DVC sales reps. They are regularly losing DVC sales to people who have heard about the KT/CRV and are waiting instead of buying either SSR or AKV. The "lost" sales amount to approx. 1 or mor per week per sales rep.

I think we will know sometime in July... and all these discussions will have an interesting conclusion.

DAvid

 

[REL1203]

Just wanted to throw my perspective into this conversation... I am just now looking to buy into DVC. The only way I will buy directly from Disney is when KT/CRV go on sale. We had some interest a few months back when AKV first went on sale, but once we read about KT/CRV, that was going to be the one we buy if we buy from Disney. If we buy Resale, its going to be BWV do to proximity to Epcot and DHS, plus all the stuff at the Boardwalk itself. I agree with some posters about going to Florida and not wanting to stay at a Mountain lodge nor african hut, i want sun, beach, fun feeling. I am hoping some how KT/CRV go on sale before my Early to Mid June vacation so we can get some info. If the Dues and Points are to costly, resale BWV will be mine

 

[thelionqueen]

Many does not equal all.

Granted that there is a certain percentage that will buy VWL, no matter what. But there is a basic economic principle that you, and several others are ignoring.

This post is directed at those people who are NOT interested in the theme, or whose interest in theme is secondary to A) location and B) number of years left on contract C) proximity to transportation (ie monorail vs other transport modes).

KT/CRV will have considerable advantages with respect to those issues...and the ability to walk to MK...

What is the difference in price worth? I really don't know exactly, but that is one purpose of this thread, to help me, and others like me, to ascertain this for potential future purchases.

One thing has been quite clear over the last few months, prices at VWL, as well as BWV have decreased. Whether it is due to KT or due to other factors, is unclear for now.

DAvid

Well David, as you may or may not have realized yet, the PURPOSE of a thread and it's OUTCOME have nothing to do with one another.

This is a forum of many people, from many different walks of life with many different opinions. Although your intent was a specific question, and, as you say "was directed at" people to respond with specific answers, that is not usually how threads go.

Threads take on a life of their own and go in directions one may never have thought of. So instead of making comments about responses that have nothing to do with the original question (this one included) just take the information that is useful to you and disregard the rest.

Some of us like reading responses that have nothing to do with the original question.

 

[KAT4DISNEY]

Well, people who know me may say that I'm often doing things different and this may be no exception. Last winter as my husband and I were taking the Monorail from MK I told him that it was highly likely that the new building at the CR was a DVC and that is what would get me to buy DVC. I'm now close to closing on a VWL!!!!!!

After 1) learning/deducing that the point requirement will be quite high at KT 2) learning about resale contracts for "closed" resorts and 3) finding a non-stripped contract for VWL where I'll still have MK access, I changed my mind on where I consider the value to be. It would be a long time before I would make up the difference from the value of the points I'm getting on the VWL contract to a projected CR contract, or in the worst case I can handle a point cost decrease if for some reason I needed to sell in the near future. I also tend to think that it will certainly be possible to reserve at KT at the 7 month mark once it's fully open, and if that's correct then as I'm loading my luggage on the boat to go from my VWL 2 bedroom to my CT studio for the exact same amount of points I'm going to feel a whole lot better about paying in the $80's/pt compared to my KT neighbor who paid $1teens's/pt, and that's not even getting into what MF's might be at the new resort!

Now I would not be terribly surprised that a person might really be able to maximize if they wait until KT begins selling and then try and pick up a contract from someone selling a VWL who has decided that they just have to have KT, but I am not convinced that Disney won't use their ROFR a bit more frequently. And I actually think it's more likely that you'll see sales from some of the other DVC's trying to get a monorail access to MK. I don't think it makes as much sense for a current VWL to sell for KT and if that that runs true then the small resale availability for VWL will more than likely support the current prices.

Of course - I do like the theme at VWL lodge.

All in all, an interesting debate because there are so many factors that can go into a persons decision on where to buy. Now we all just wait to see how it goes!

 

[gblast123]

Some of us like reading responses that have nothing to do with the original question.

I can see that!!