DVC Resale Average Prices for 2018: January – July0 Comments
DVC resale buyers easily have a good idea of listing prices by simply browsing the current listings. However, we are often asked, what are contracts selling for? At DVC Resale Market, for several years we have published details of every contract that gets bought back in right of first refusal (ROFR), but we wanted to provide more data on all DVC contracts sold.
This article features the average sales price of contracts categorized by resort and month sold. Our hope is this should provide great directional information for anyone considering a DVC resale purchase or just wanting to satisfy a general curiosity of prices and trends. Keep in mind that prices of a resort can still easily vary based on the size of the contract in points, the current point availability of the contract (i.e., points current, banked and borrowed) as well as other various factors (i.e., extended Old Key West contract, subsidized dues contracts, etc.). For example, contracts that are smaller and have higher point availability tend to sell for more than the average price per point and vice versa.
DVC Resale Price Changes for Walt Disney World (WDW) Resorts
Below is a chart and graph detailing the average prices per point for each WDW DVC Resort, January – July of 2018:
For the most part, consistency in resale price is remaining the theme for most WDW DVC Resorts. There is some observable month-to-month variation with Boulder Ridge, but that is likely due to small sample sizes more than anything else. Contrast the variation with Boulder Ridge to Saratoga Springs, which has very little. In a given month DVC Resale Market may sell 10 Boulder Ridge contracts and sell 70 Saratoga Springs contracts.
Despite consistency being the dominant takeaway for WDW DVC Resorts in regards to selling price, there are a few that have had small, gradual increases in selling price through 2018: Animal Kingdom ($107/pt. to $113/pt., Bay Lake Tower ($135/pt. to $142/pt.), Grand Floridian ($156/pt. to $169/pt.), Polynesian ($140/pt. to $163/pt.). The Polynesian increase is more noticeable than the others at an over 16% increase in selling price this year. This increase is most likely attributed to the direct price increase in January, and the indirect effect it caused on the resale market.
DVC Resale Price Changes for Non-Resorts
In July, resale prices finally leveled off for the Grand Californian. After the announced direct price increase in January, resale demand and prices continued to accelerate for Grand Californian. Ultimately, Grand Californian resale prices jumped into the 210’s per point and within 10% of direct pricing. For now, inventory and prices for the Grand Californian appear to be leveling off.
Last month, we mentioned the noticeable drop in Hilton Head selling prices from April through June. We also mentioned this price decrease may begin to level off based on the higher than usual amount of Hilton Head contracts being sold due to those lower prices. Additionally, in July the buy back rate for Hilton Head significantly increased. In fact, over 70% of the Hilton Head contracts sold in July were bought back. This higher buy back rate is likely due to the lower selling prices. With a more robust sales pace and higher buy back rate it is no surprise to see the average selling price of Hilton Head no longer decreasing.
Below is a chart and graph detailing the average prices per point for each Non-WDW DVC Resort, January – July of 2018:
DVC Resale Prices Compared to Direct DVC Prices
Below is a chart comparing the DVC Resale prices to Direct Resale prices:
(Based on July ’18 Sales Data)
(Disney Vacation Development)
|Difference Per Point
(Direct – Resale)
|Percentage Savings with Resale|
|Bay Lake Tower||$142||$191||$49||26%|
|Old Key West||$99||$151||$52||34%|
|WL: Boulder Ridge||$104||$171||$67||39%|
|WL: Copper Creek||$155||$182||$27||15%|
*Direct price does not reflect any promotional discounts DVC may be offering