DVC Sales

[ryguy]

Just curious to see if anyone knows how DVC sales are doing in this economy? I would think that this recession came at a really bad time for DVC since they have two new resorts on the market and still have Saratoga Springs for sale. That being said do you think Disney will start lowering prices or creating great incentives for new buyers if indeed sales are flat?

 

[gatordoc]

The number of resales on the market has certainly increased significantly, most likely due to people either needing extra cash or no longer being able to afford the annual maintenance fees. Not sure how new sales are going, especially given that they are currently selling four properties (Animal Kingdom Lodge, Bay Lake Tower, Saratoga Springs (because of the treehouses being added), and Grand Californian Villas). As far as I know, Ko Olina in Hawaii is still on track, so that will be next. Whether they'll slow down after that, who knows? There are always rumors about the "next" DVC resort. I'm happy with my points at Boardwalk Villas and the Villas at Wilderness Lodge, but would probably not buy anymore unless they ever decide to develop a DVC at the Polynesian. Then I'd be first in line

 

[DisneyMusician2]

If Disney is smart, they will hold the DVC construction until the economy firms up a bit.

If you think WDW is a luxury right now, new DVC memberships are positively decadent.

 

[Buried20KLeague]

The increase in contracts available through resale could also be inflated with people that are selling their existing contracts to use that money to get into the BLT. I'm positive that's at least PART of the reason. I'm quite sure economy (buyer's regret, inability to pay yearly MF's, etc) is a part of the equation too.

But sales of new DVC contracts CAN'T be going too well. The BLT didn't go on sale that long ago, and already there are incentives to purchase. Heck, right now, you get a FREE Disney cruise! To buy into BLT! I'm quite sure Disney thought that building was going to sell at top dollar without any help at all, and quick. That's obviously not happening.

 

[TURKEY]

I have a feeling people will be shocked to see how bad sales are doing for AKV and BLT.

 

[ryguy]

Yeah it must be rough right now to be selling timeshares. England is getting hammered financially as well and I would think they are a prime demographic for DVC sales. Plus I would think it would be hard to justify $112.00 a point for BLT, certainly when you can get points on the secondary market for $75.00. Would love to hear the inside scoop from someone working in the DVC department.