DVC RESALES
DVC RESALES

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Old 08-07-2013, 01:03 PM   #1
Donald Duck888
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Is it just selective memory or are resale prices way up?

Just curious if I am the only one who thinks resale prices are way up this year. I was also wondering has it turned to more of a sellers market where you need to offer closer to asking?
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Old 08-07-2013, 01:26 PM   #2
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Originally Posted by Donald Duck888 View Post
Just curious if I am the only one who thinks resale prices are way up this year. I was also wondering has it turned to more of a sellers market where you need to offer closer to asking?
They are up this year, but have been higher in the past. There is a lot of competition for contracts.
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Old 08-07-2013, 01:49 PM   #3
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Asking prices are higher across the board for all of the resorts that we have bought resale in the past. For instance we bought BLT earlier this year for $96, and I see prices listed at $100 now. We're finished adding on, resale, we have the older resorts we want to own. I am on the fence over VGF, just deciding if the cost is worth the convenience of owning there.
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Old 08-07-2013, 03:24 PM   #4
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We bought three years ago at $72 pp (VWL), and prices are in the mid- to high $80s currently.
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Old 08-07-2013, 03:26 PM   #5
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We bought three years ago at $72 pp (VWL), and prices are in the mid- to high $80s currently.
The only VWL contract sale shared with the board since the start of June was for $65 pp. Listed asking prices are not necessarily current selling prices.
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Old 08-07-2013, 03:31 PM   #6
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The only VWL contract sale shared with the board since the start of June was for $65 pp. Listed asking prices are not necessarily current selling prices.
The key word being "shared." True enough, however, that listing doesn't mean selling.
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Old 08-16-2013, 05:53 AM   #7
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The only VWL contract sale shared with the board since the start of June was for $65 pp. Listed asking prices are not necessarily current selling prices.
I am currently closing on my VWL resale. We got it at $68 pp.
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Old 08-08-2013, 06:54 PM   #8
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Originally Posted by sleepydog25 View Post
We bought three years ago at $72 pp (VWL), and prices are in the mid- to high $80s currently.
It's important to note that in the interim prices dropped as low as $50 pp at VWL, so the increase is that much more significant.
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Old 08-07-2013, 03:24 PM   #9
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Originally Posted by bobbiwoz View Post
Asking prices are higher across the board for all of the resorts that we have bought resale in the past. For instance we bought BLT earlier this year for $96, and I see prices listed at $100 now. We're finished adding on, resale, we have the older resorts we want to own. I am on the fence over VGF, just deciding if the cost is worth the convenience of owning there.
Though I would say - I don't know that many people are paying over $100 for BLT. I see several BLT properties listed at over $100, but very few of them are actually selling. Of those reporting on this board, since the start of June, 9 BLT sales have been shared and only two of those were at or over $100. I just closed a week ago for one at $90.
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Old 08-07-2013, 07:12 PM   #10
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I think prices are WAY up. We bought BCV one year ago at $68 per point, and a loaded contract. I'm now seeing prices in the high $80s to $90s even. YIKES.
Glad we bought when we did. I'm looking to add on a smaller contract at AKV and I'm hoping to get a decent price.
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Old 08-07-2013, 08:44 PM   #11
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Yes prices are up. Yes it is more of a seller's market.

I still wouldn't pay some of the outrageous asking prices for the stripped contracts out there.

Sent from my iPad using DISBoards App, please excuse any typos or autocorrects!
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Old 08-07-2013, 09:09 PM   #12
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We just offered over $100 per point at BLT a couple of days ago however the contract was absolutely loaded with points and the annual dues were already paid for. We could have offered lower but this contract versus some of the stripped contracts out there it was a no brainer. Plus it was the perfect use year/points we were looking for and by the time we sell off some of the points we will be under the $95.
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Old 08-07-2013, 09:30 PM   #13
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Prices are definitely higher than what they have been, however - I am still shocked at how low Animal Kingdom Villas is regularly sold.

When you look at the length of time that many of the new resorts have been in the market for direct sales, it really makes you wonder.
They sold SSR for at least 8 years, Animal Kingdom Villas has been for sale for at least 6, almost 7 years - yet, Bay Lake Tower sold out quickly... oh wait, scratch that. They kept telling us that it was going to sell out quickly - we received enough post cards, mailers, e-mails, etc etc that BLT would be sold out 'soon' - yet we had a referral buy at BLT in January... although they were actually almost sold out in January. But even at that, it was over 5 years of sales.

So with the VGF coming online, and the heavily rumored and "confirmed" by some DVC at the Poly, the rumored Fort Wilderness project - there are so many projects coming that the supply really is outpacing demand when you consider the number of resorts currently for sale, the number of resale contracts on the market, and the number of resorts that will be open for the next 5 years... it is really hard to tell where things are going to head.

But OP, yes, resale listing prices are way up - and compared to the number of resale contracts for sale in the depths of the recession, the competition in the market is higher.

So it is far more of a seller's market now than what it was even a year ago.
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Old 08-08-2013, 07:15 PM   #14
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Originally Posted by DannysMom View Post
Yes prices are up. Yes it is more of a seller's market.

I still wouldn't pay some of the outrageous asking prices for the stripped contracts out there.

Sent from my iPad using DISBoards App, please excuse any typos or autocorrects!
I agree totally! I will just be patient and wait to add if I have to.
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Old 08-08-2013, 09:07 PM   #15
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Originally Posted by michelleiada

I agree totally! I will just be patient and wait to add if I have to.
Analysts of the housing market are suggesting that we are in year one of a potential five year increase in prices. While I'm no expert myself, one should consider this fact and how closely DVC prices have tracked housing prices when deciding to wait to purchase. Although it's not my personal opinion, there is the possibility that resale prices will continue to trend upward in the next couple of years. If that's the case, then buying now (if buying makes sense for your family) might end up being a prudent move.
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