Higher prices now in effect

[quote="Presley"] I don't understand why the resale prices keep going down when the direct prices keep going up. I would think the resale prices would increase, but have noticed prices going down over the last few months. [/quote]

[quote="thebwit"] Wow BLT is now $150/point. We bought it at $110 and then added on at $118 because it was about to go up to $140. And I've only been a DVC member for a little over a year. I wonder if the prices for BLT are getting higher so the starting point for Grand Floridian can be even more as it is the most expensive resort on property. [/quote]

[quote="TimK"] [QUOTE=Presley;126108]I don't understand why the resale prices keep going down when the direct prices keep going up. I would think the resale prices would increase, but have noticed prices going down over the last few months.[/QUOTE] Simply because individual sellers don't feel bound by any marketplace restrictions. I suspect resale buyers are among the most educated DVC owners. Compared to the general population, my assumption is a much greater percentage of resale owners follow on-line forums and discussions. They see the ROFR threads and know the prices other buyers are accepting. As such, they are far more inclined to keep testing the marketplace. A buyer interested in AKV sees multiple contracts closing for $70 per point. With few exceptions, there's no way that buyer will pay more than $70. Instead $70 is the highest he is inclined to offer. He may even try to get it for $68 or 69. With dozens of contracts on the market, it's pretty easy to keep making offers until someone concedes. And really all it takes is one desperate seller giving in. It's sort of like the rental market. 10 years ago the prevailing price was $10 per point. Today it's still $10-12 per point despite the rise in dues over that time. Over the years I've seen multiple owners try to rally the marketplace and push for a higher price point. But those efforts are always undercut by people who will gladly accept $9-10 per point just to get the rental completed quickly and easily. Those folks don't want to dicker over a dollar or two per point. They know that offering a low price means they can complete a transaction within a day or two rather than posting repeatedly, checking availability for dozens of potential renters, etc. [/quote]

[quote="DiZ NeE 08"] Wow! They are most probably getting ready for VGF but wow to 150/point thats a lot of money. [/quote]

[quote="Sir Aaron"] [QUOTE=TimK;126149]Simply because individual sellers don't feel bound by any marketplace restrictions. I suspect resale buyers are among the most educated DVC owners. Compared to the general population, my assumption is a much greater percentage of resale owners follow on-line forums and discussions. They see the ROFR threads and know the prices other buyers are accepting. As such, they are far more inclined to keep testing the marketplace. A buyer interested in AKV sees multiple contracts closing for $70 per point. With few exceptions, there's no way that buyer will pay more than $70. Instead $70 is the highest he is inclined to offer. He may even try to get it for $68 or 69. With dozens of contracts on the market, it's pretty easy to keep making offers until someone concedes. And really all it takes is one desperate seller giving in. It's sort of like the rental market. 10 years ago the prevailing price was $10 per point. Today it's still $10-12 per point despite the rise in dues over that time. Over the years I've seen multiple owners try to rally the marketplace and push for a higher price point. But those efforts are always undercut by people who will gladly accept $9-10 per point just to get the rental completed quickly and easily. Those folks don't want to dicker over a dollar or two per point. They know that offering a low price means they can complete a transaction within a day or two rather than posting repeatedly, checking availability for dozens of potential renters, etc.[/QUOTE] Yep, yep. Most timeshare buyers don't know about resale. I've rented points a couple time and never pay more than $10. Now that I'm an owner, I try to get $7 to $10 pp because I can afford to wait for distressed points. [/quote]