Where do you think DVC resale prices are headed?

[RoseGold]

Still watching VGF, which was averaging 175 at the beginning of end of 2019. 2017 pricing was about 145.

Multiple listings are finally below 150, but that's still only a 14% drop and we aren't even to 2017 level yet. I think my new target is something like 135-140, which I think is coming.

 

[CastAStone]

Still watching VGF, which was averaging 175 at the beginning of end of 2019. 2017 pricing was about 145.

Multiple listings are finally below 150, but that's still only a 14% drop and we aren't even to 2017 level yet. I think my new target is something like 135-140, which I think is coming.

There are still 51 for-sale (not pending) listings for VGF on DVC Resale Market that are over a month old, with half of those asking $175 or more. I wonder how long those owners patience holds out for.

 

[heynowirv]

There are still 51 for-sale (not pending) listings for VGF on DVC Resale Market that are over a month old, with half of those asking $175 or more. I wonder how long those owners patience holds out for.

Until they get what they want
They are forced to sell for much less or
They decide to keep them for now

 

[bookwormde]

Along with the avg amount of newly posted contracts, are you able to post avg % drop (or rise) in Per Point costs? (not sure what the best comparison is... maybe a Month over Month change and/or Week over Week change). I see you have the per point cost in the opening post but was thinking it might be cool to see the pct drop on your updates that you post here with the number of contracts listed.

when I do the monthly report, it included previous months

 

[pirate33]

Still watching VGF, which was averaging 175 at the beginning of end of 2019. 2017 pricing was about 145.

Multiple listings are finally below 150, but that's still only a 14% drop and we aren't even to 2017 level yet. I think my new target is something like 135-140, which I think is coming.

Where are you seeing the ones <150 ppt? The search engine that covers multiple brokers only shows one below that price point.

 

[E2ME2]

Where are you seeing the ones <150 ppt? The search engine that covers multiple brokers only shows one below that price point.

Which search engine are you using that covers multiple brokers?
Can you send me that link?
Thanks!

 

[EM Lawrence]

The only search engine I’ve found that claimed to pull up all of the listings only pulled from two brokers, and most of the listings had already sold. Maybe I’m missing the good one.

 

[linzjane88]

The only search engine I’ve found that claimed to pull up all of the listings only pulled from two brokers, and most of the listings had already sold. Maybe I’m missing the good one.

For a while there was a site that pulled tons of them and seemed easy to look at but it wasn't maintained and doesn't work anymore. I wish there was an easy way to look at all of them. I also wish all sites had searchable columns for the past/current/next year points to sift out the loaded contracts...I like the search setup on www.dvcsales.com the best.

I am torn on the idea of stalking DVC resales to add on some decently priced points or finding a free Wyndham contract so we can alternate DVC with Bonnet Creek. It certainly would be the cheaper option.

 

[Jhoyer5150]

Wow we are really starting to see the prices fall each day now. $120 for PVB, $89 for AKL (stripped, but still), $81.25 for SSR, $96 for BWV (large contract, but still), $125 for BLT, $145 for VGF, etc. We either have some very desperate sellers or a very reduced number of buyers, or both. The resale agents are holding the line publicly about pricing/activity, but dollars to donuts behind the scenes the good ones are telling their listings to engage with any bid that hits the door. With ROFR consigned to the dustbin, there is no safety net now either...stuff is going to pass at wherever a buyer and seller meet.

 

[Jaguar Skills]

Wow we are really starting to see the prices fall each day now. $120 for PVB, $89 for AKL (stripped, but still), $81.25 for SSR, $96 for BWV (large contract, but still), $125 for BLT, $145 for VGF, etc. We either have some very desperate sellers or a very reduced number of buyers, or both. The resale agents are holding the line publicly about pricing/activity, but dollars to donuts behind the scenes the good ones are telling their listings to engage with any bid that hits the door. With ROFR consigned to the dustbin, there is no safety net now either...stuff is going to pass at wherever a buyer and seller meet.

Where did you see the $81.25 for SSR? The best counter offer we have had so far is $91!

 

[bookwormde]

5/13 update

number of newly posted resale contracts at about 200% of average

 

[TinkB278]

Wow we are really starting to see the prices fall each day now. $120 for PVB, $89 for AKL (stripped, but still), $81.25 for SSR, $96 for BWV (large contract, but still), $125 for BLT, $145 for VGF, etc. We either have some very desperate sellers or a very reduced number of buyers, or both. The resale agents are holding the line publicly about pricing/activity, but dollars to donuts behind the scenes the good ones are telling their listings to engage with any bid that hits the door. With ROFR consigned to the dustbin, there is no safety net now either...stuff is going to pass at wherever a buyer and seller meet.

I’m also curious where you saw these prices. I haven’t seen anything this cheap anywhere

 

[Hopfather28]

I’m also curious where you saw these prices. I haven’t seen anything this cheap anywhere

Each of these except the $81.25 is posted over on the ROFR thread.

 

[CastAStone]

I’m also curious where you saw these prices. I haven’t seen anything this cheap anywhere

You generally won’t see listed prices this cheap or anything close. People are making very low offers and having them accepted.

 

[ABE4DISNEY]

I just received an email for one of the resale websites requesting contracts; this is the second one they have sent out due to dwindling supply.

BUYER REQUESTS:

• Animal Kingdom 100 points or less
• Animal Kingdom 150-200 points (April Use Year)
• Bay Lake 50 points (October Use Year)
• Beach Club 100 points
• Boardwalk 100 points (April Use Year)
• Boardwalk 75-160 points (February Use Year)
• Boulder Ridge 200-300 points
• Grand Californian (smaller points preferred)
• Old Key West (Extended 2057)
• Polynesian (all sizes and use years) - In high demand!
• Small contracts under 50 points at any resort

 

[sethschroeder]

Slowly marching down interesting to see what happens when direct sales comes back online and if there is offers at all on CCV or RIV that possibly impact resale pricing.

Big incentives could possibly spark maybe more listings to drop price or be posted as people want to buy the new resort?

 

[TinkB278]

Slowly marching down interesting to see what happens when direct sales comes back online and if there is offers at all on CCV or RIV that possibly impact resale pricing.

Big incentives could possibly spark maybe more listings to drop price or be posted as people want to buy the new resort?

I agree. I want to buy RIV so bad but can’t stand the thought of the resale restrictions. However, big enough incentives could push me to buy riv direct rather than a resale which is what I had been planning to buy. I wonder when DVC sales offices will reopen?

 

[EM Lawrence]

That broker email aligns with what I’ve been observing. Small contracts seem to be moving fairly quickly. Bigger contracts are lingering.

 

[npatellye]

Slowly marching down interesting to see what happens when direct sales comes back online and if there is offers at all on CCV or RIV that possibly impact resale pricing.

Big incentives could possibly spark maybe more listings to drop price or be posted as people want to buy the new resort?

I would love to add on more points at RIV if they would come out with incentives to make it comparable to what we paid for it per point in December.

 

[dboules]

I would LOVE to add on 100pts or less at BCV or VGF. But I'm guessing I'm not alone by looking at that list....
Who knows if I will ever be able to add those one but it is a dream! BTW, I own at Bonnet Creek too and would gladly give all those points up for a few Disney points!