DVC Resale Average Sales Prices for 2018: January – May8 Comments
This article represents our 2nd installment of providing average Disney Vacation Club (DVC) resale selling prices for 2018. The first was published in May showing January through April sales price numbers. This article includes that data, plus data collected from May.
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, smaller contracts and contracts with high point availability tend to sell for more than the average price per point.
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 – May of 2018:
Outside of Polynesian and Grand Floridian, many of the WDW DVC Resorts have experienced limited fluctuations in selling prices in 2018. January – April saw a clear rising trend in the resale prices of Polynesian and Grand Floridian, in large part probably due to the hefty direct price increases in January. However, in May, those rising prices for those 2 resorts stalled. In fact, the average resale price of Grand Floridian even went slightly down. Based on May data, it appears the boost from the direct price increase of January is wearing thin. June will provide another data point to see if the rising prices of those 2 resorts is clearly stopping or if May was just a fluke.
DVC Resale Price Changes for Non-Resorts
One thing is clear, the resale prices of Grand Californian have continued to rise in 2018. The only Disney timeshare at Disneyland is proving that Members and Prospects will pay a premium for Home Resort Priority for Disneyland vacations. Despite the rising resale prices of Grand Californian, inventory stays in short supply with listings typically not lasting more than a day on the market.
The average resale price of Hilton Head saw a $14/pt. drop in May, but this may be attributed to a very low sample size (only 5 sold in May). To really know if there is a trend, especially with a small resort like Hilton Head, additional data points over the next couple of months will be needed. It is noteworthy that many Hilton Head listings are sold over the upcoming Summer months as Hilton Head is arguably the most seasonal resort in the DVC collection.
Below is a chart and graph detailing the average prices per point for each Non-WDW DVC Resort, January – May of 2018:
DVC Direct Price Changes Compared to DVC Resale Price Changes
Below is a chart comparing the direct price change in January to the resale price changes from January to May.
Of the 4 DVC resorts that experienced direct price increases of $20/pt. or more (Beach Club, Polynesian, Grand Californian and Grand Floridian), only the Grand Californian has seen its resale prices match or eclipse the same volume of the direct increase. In fact, Grand Californian had the largest direct price increase at $50/pt. and now the average resale selling price variance from January to May 2018 is $51/pt. The Polynesian has experienced a bump with a $17/pt. increase in resale selling price and the other 2 (Beach Club and Grand Floridian) appear to be nearly flat in comparison.
|Resort||Direct Price Variance Per Point in Jan. ’18||Resale Price Variance from Jan. to May ’18|
|Bay Lake Tower||+6||+6|
|Old Key West||+6||—|
*Not enough sales data to establish a change in resale price