WOW DVC Prices !!!

[Epcot Forever Forever]

Many years ago, I saved data showing the average price passing ROFR in May 2012:

AKV: $65pp
BCV: $73pp
BLT: $89pp
BWV: $57pp
HHI: $46pp
OKW (2042): $54pp

Since these are averages, it means that there were contracts selling for less than this that passed ROFR.

I think that the price bottom was a couple of years before this, but Disney might have been more actively ROFRing, so I'm not sure if prices that passed ROFR were higher or lower in 2010 and 2011.

I just saw a tweet from a major Disney news site that prices are at “all time lows”.

 

[Nabas]

I just saw a tweet from a major Disney news site that prices are at “all time lows”.

We just experienced a pretty big run-up in DVC resale prices. As recently as 2017, BCV was under $100pp, BWV under $87, PVB under $128, OKW under $64, BLT under $109, etc.

 

[Matty B13]

The run up on all DVC prices since 2016 (when we started looking and buying) has been crazy. Craziest is the BCV run up, with under 20 years left. Now we are seeing the correction, how deep it is depends on how many people borrowed to buy versus used cash to buy...... hence why most people say not to finance a timeshare.

 

[tom1944]

For someone like me who did not start looking until October/November 2022 posts 82 and 83 are important.

In reality without the distortion from covid the reality is these contracts should be similar costs now at best. There is one factor that cannot be denied they all have 6 years less time until expiration.

 

[Epcot Forever Forever]

There is one factor that cannot be denied they all have 6 years less time until expiration.

To be clear, theres more that goes into the underlying value of the contract. What have Disney hotel prices done? What does inflation look like? I’m not going to sit here and do the math, but I would guess that for every resort except for the 2042s, the underlying value (NPV) of the contract has increased versus one, two, five, and 10 years ago, even though the years have decreased. And for the 2042s I bet it’s changed less than most would think.

 

[tom1944]

To be clear, theres more that goes into the underlying value of the contract. What have Disney hotel prices done? What does inflation look like? I’m not going to sit here and do the math, but I would guess that for every resort except for the 2042s, the underlying value (NPV) of the contract has increased versus one, two, five, and 10 years ago, even though the years have decreased. And for the 2042s I bet it’s changed less than most would think.

Of course, but the fact remains only the remaining years of the contract is a constant.


And the resort location.

 

[Dano the Pirate]

We are a WL staying, and regularly visit WDW for the festival of the arts, flower and garden, food and wine at EPCOT with an occasional MNSSHP thrown in.

Long time lurker, looking at DVC purchase doing preliminary research before making a commitment. It seems that (not talking to Disney directly) even if purchasing an existing contract, Disney still wants proof of 150 credits directly from DVC. Is this correct?

Using this thread as a barometer, it seems that the majority feel that this is not the time to sell but not sure if this is the time to commit.

 

[Epcot Forever Forever]

We are a WL staying, and regularly visit WDW for the festival of the arts, flower and garden, food and wine at EPCOT with an occasional MNSSHP thrown in.

Long time lurker, looking at DVC purchase doing preliminary research before making a commitment. It seems that (not talking to Disney directly) even if purchasing an existing contract, Disney still wants proof of 150 credits directly from DVC. Is this correct?

Using this thread as a barometer, it seems that the majority feel that this is not the time to sell but not sure if this is the time to commit.

You don’t need to purchase anything from Disney to own DVC or to stay at any of the original 14 DVC resorts on the points you own.

You would have to purchase at least 150 points directly from Disney to qualify for the *membership extras* (discounts, magnet giveaways, etc) or to use your points to stay at Riviera (and likely whatever resorts come in the future).

 

[AnnaKristoff2013]

I went into the site earlier today and all the BLT sales I checked were in the $140-150 range.

I checked deeds entered from February 1st.

Even on Fidelity, I can’t seem to find a BLT contract listed for less than $145. Every once in a while one pops up but it’s snapped up quickly. I’m motivated to keep looking too because I would absolutely snap up a BLT contract in the 120’s, but alas, I don’t think that’s in the cards.

Right now the lowest contract listed on Fidelity for BLT is $149. If anything, the BLT market seems to have increased over the past few weeks. Those 120’s and 130’s are contracts that were submitted a month ago at this point. It’s also not surprising to see this. Dues season is over. People are not as motivated to sell. DVC contract prices generally start increasing now.

Edit: It looks like the brokers at DVC resale market finally caught on and are pricing competitively with FIdelity now, I do see some contracts in the mid and low 140’s over there. Still a far cry from 120’s and 130’s though. And the ones posted in the 140’s on the board sponsor are all marked as “full cash price offer only.”

 

[TinkAgainU]

Edit: It looks like the brokers at DVC resale market finally caught on and are pricing competitively with FIdelity now, I do see some contracts in the mid and low 140’s over there. Still a far cry from 120’s and 130’s though. And the ones posted in the 140’s on the board sponsor are all marked as “full cash price offer only.”

Make sure you are comparing apples to apples at your offers. Some, like www.fidelity.com, add Admin Fees - while others, like dvcresalemarket.com, want you to use their "affiliated" title/escrow at a higher rate, which might increase your true purchase costs. Even how much you and seller agree you will credit towards Annual Dues - affect the closing costs and your ACTUAL price per point. Since none of that shows up on Deeds Recorded, we have very limited hard numbers as to what people are really paying for their Contracts

 

[tom1944]

Make sure you are comparing apples to apples at your offers. Some, like www.fidelity.com, add Admin Fees - while others, like dvcresalemarket.com, want you to use their "affiliated" title/escrow for a higher rate. Even how much you credit for Annual Dues - affect the closing costs and your ACTUAL price per point. Since none of that shows up on Deeds Recorded, we really have no verified hard numbers as to what people are paying for their Contracts

What is the price difference between title companies?

I never considered that, but I will next contract.

I will need to identify which title company is a better value though.

 

[DonMacGregor]

Good time for a PSA:

Everyone has the option to use the Board's "IGNORE" feature. This feature removes posts made by a particular poster from your view. To activate it, click on the screen name of the poster you wish to ignore & click the "IGNORE" button.

Sometimes I wish Mods could use it.

Yup, that was my point with the Sisyphus reference: time to let someone take over pushing the boulder up the hill I'm done with it.

 

[TinkAgainU]

What is the price difference between title companies?

I noticed when I clicked the "Buy Now" button (and then selected the button "make an offer" other than full price) on https://www.dvcbyresale.com/ it gave me three mainstream Title/Escrow options to chose from, their prices, and terms (for example - if they take credit cards for the deposit). If correct, that might give you the pricing with those companies if you use that to calculate for similar contracts? I found a much larger spread between those three and at least one Broker's "affiliated" title/escrow - so went with one of those three instead. It's my understanding that if you are paying Closing Costs, you "should" be able to pick your Escrow/Title. Every broker's contract or offer, can differ, of course.

I think most of us ignore the Escrow/Title fees as a minor adjustment - since this is a vacation plan for most of us, not a CD investment, but if you are numbers shopping for a contract - this is just one more place the $/point can be skewed.

 

[Epcot Forever Forever]

What is the price difference between title companies?

It’s not a straight line because they don’t all charge in the same manner. You can see the various typically used title companies in the closing thread.

 

[beldred]

Even on Fidelity, I can’t seem to find a BLT contract listed for less than $145. Every once in a while one pops up but it’s snapped up quickly. I’m motivated to keep looking too because I would absolutely snap up a BLT contract in the 120’s, but alas, I don’t think that’s in the cards.

Right now the lowest contract listed on Fidelity for BLT is $149. If anything, the BLT market seems to have increased over the past few weeks. Those 120’s and 130’s are contracts that were submitted a month ago at this point. It’s also not surprising to see this. Dues season is over. People are not as motivated to sell. DVC contract prices generally start increasing now.

Edit: It looks like the brokers at DVC resale market finally caught on and are pricing competitively with FIdelity now, I do see some contracts in the mid and low 140’s over there. Still a far cry from 120’s and 130’s though. And the ones posted in the 140’s on the board sponsor are all marked as “full cash price offer only.”

I mean, not to point out the obvious, but you do realize that people getting those great deals are NOT paying the list price right? If it's listed at 149, nothing stops you from offering 125. I'm in ROFR for an SSR contract at $93 that was listed at $125.

 

[TinkAgainU]

I mean, not to point out the obvious, but you do realize that people getting those great deals are NOT paying the list price right? If it's listed at 149, nothing stops you from offering 125. I'm in ROFR for an SSR contract at $93 that was listed at $125.

Exactly this - offer what you want to pay. Obviously, some say Fixed Price or something to that effect (sadly, I've not had much luck getting those to come down) - but you can always ask/offer what you like. The contracts most likely to come down are stripped of their points for this year, or even next year. But if you can live with that, it's an option to get you into a contract at a lower upfront price. Some say to pay more for a loaded contract and then rent out the points to cover the difference instead of using them - but good intentions aside, I don't see that happening in My world lol.

 

[tom1944]

I mean, not to point out the obvious, but you do realize that people getting those great deals are NOT paying the list price right? If it's listed at 149, nothing stops you from offering 125. I'm in ROFR for an SSR contract at $93 that was listed at $125.

When I was bidding on BLT I was not having any luck offering $137. I was mostly ignored and when a counter offer was made the price was insignificant from the original listing price.

 

[Sandisw]

I mean, not to point out the obvious, but you do realize that people getting those great deals are NOT paying the list price right? If it's listed at 149, nothing stops you from offering 125. I'm in ROFR for an SSR contract at $93 that was listed at $125.

Absolutely. But, when the average listing prices creep down, then so do the lowball offers. When you are seeing most BLT listed in the $150 to $160 range, your probably looking at offers in the $130 range....if they are averaging in the $140's, then you might see those offers in the $120 range.

So, will those listing prices start to come down? Maybe...but I still believe that if you start seeing BLT listed in the $130's, they won't last too long and that sellers will get close to that price....

I am just having a hard time not submitting a low bid on some of the RIV contracts out there right now...I don't need new points and I added on more VGF last year instead...but boy, is it tempting not to offer!!!! LOL

 

[BeachClub2014]

This thread is not the place to discuss everything there is about peoples finances, choices, and the economy

So, let’s please stay on topic and not continue discussing those things

I don’t want to close the thread but will need to if it continues to sound like an economics lesson.

Thanks all

Thank you for this. It's getting old.

 

[AnnaKristoff2013]

I mean, not to point out the obvious, but you do realize that people getting those great deals are NOT paying the list price right? If it's listed at 149, nothing stops you from offering 125. I'm in ROFR for an SSR contract at $93 that was listed at $125.

Yes, I realize that, I got my $95 SSR off a listing of $110. With that said, the board sponsor listings all say “full cash price offers only,” so I haven’t bothered. Maybe I should try I guess.