Of course I do. Thinking about buying some Riviera direct and just curious what people are actually paying on the resale market. Not what people think it's worth but the actual transactions. Didn't see any on the ROFR thread.You do understand that if you buy a Riv resale, those points can only be used for a DVC stay at Riv?
Of course I do. Thinking about buying some Riviera direct and just curious what people are actually paying on the resale market. Not what people think it's worth but the actual transactions. Didn't see any on the ROFR thread.
I agree. Since our other points are unrestricted, I thought about holding out for a smallish resale contract to be used just for RIV stays, and had priced that in my head around $100-$115 (there was a poll somewhere back when ...) we ended up paying $160 for direct points, chose our UY, got a ton of FPs, and had a great stay over New Years already. The additional cost of the points was less than the cost of the stay we already had.Thanks for info. It certainly seems like so far, the savings may not be worth it given the restrictions.
While not many sold, they are higher than I figured they would be at this point.
I mean those (albeit small data points) are not bad at all really. I think I can get 200 points at 160 a point or 175 at 165 direct, so maybe lose $30 per point or so on resale. That's not nearly as bad as I would have thought going into this. Now as more data points come out this may change, but as of today f you exclude MFs it is a better direct buy than SSR or OKW since you are getting more years.the first RVA deed sold resale was bought by a timeshare flipper (2.2k deeds in Orange County since 2002) for 100 USD per point; the exact same deed was sold again for 140 USD per point 84 days later, so that's something ...
one more RVA resale deed was added this week ...
recording date # points USD per point notes 7 Aug 2019 1a 175 100 bought by flipper 30 Oct 2019 1b 175 140 sold by flipper 18 Mar 2020 2 110 139.1 8 May 2020 3 412 109.2 2 Jun 2020 4 100 135 3 Jun 2020 5 125 144 11 Aug 2020 6 130 135.4 27 Aug 2020 7 175 133.1
I keep an eye on them and have updated the direct DVC sales statistics thread a few times; yes I know resale != direct
Thanks for info. It certainly seems like so far, the savings may not be worth it given the restrictions.
While not many sold, they are higher than I figured they would be at this point.
I agree. Thats why I didn't buy and wont buy RVA direct....
I mean those (albeit small data points) are not bad at all really. I think I can get 200 points at 160 a point or 175 at 165 direct, so maybe lose $30 per point or so on resale. That's not nearly as bad as I would have thought going into this. Now as more data points come out this may change, but as of today f you exclude MFs it is a better direct buy than SSR or OKW since you are getting more years.
Have they even taken a contract back from Poly. With the price difference they should, but I don’t think they have taken one back yet.The other thing that might impact RIV resale is ROFR.
Historically, ROFR on actively sold resorts is practically zero. Disney didn't ROFR on Poly for a while after it was sold out. I think there's a good argument that this is why Poly has such high SAP value and resale got so low. At this rate, resale should pick up long before RIV sells out. RIV might be the "new" WDW property for a long time.
I think they’ve had too steady a supply of foreclosures. When I looked last month Poly was Disney's most acquired resort this year (accounting for resort size) and it was 100% foreclosure or other distressed recoveries, no ROFR.Have they even taken a contract back from Poly. With the price difference they should, but I don’t think they have taken one back yet.
I *think* if you had say a March UY and were booking a reservation for July 2021 you could borrow 2022 points into 2021 to do it.https://www.dvcstore.com/prices.htm
DVCSTORE.com stats on resale, $140, $100 and $109.
Another site https://www.dvcresalemarket.com/listings/rivieraresort/ has 4 RIV contracts for sale, ranging from 160 points to 250 points. Some of the contracts are stripped. No points till 2022, but all are listed at $145 pp. 2 of the contracts have a error, they are listed as a 160 point contract but only have 80 points left for 2022. We are currently in 2020 use year and you can only borrow from 2021. So are they 160 point contracts or 80 point contracts.
Based on what’s happened with Poly and how big Riviera is, It wouldn’t surprise me if Disney doesn’t take a Riviera contract until 2028ish.The other thing that might impact RIV resale is ROFR.
Historically, ROFR on actively sold resorts is practically zero. Disney didn't ROFR on Poly for a while after it was sold out. I think there's a good argument that this is why Poly has such high SAP value and resale got so low. At this rate, resale should pick up long before RIV sells out. RIV might be the "new" WDW property for a long time.
Have they even taken a contract back from Poly. With the price difference they should, but I don’t think they have taken one back yet.
No they did not. Only one board member said they bought it back several years ago. that was the only one reportedI bought in 2019, over two years after sold out, and at that time Disney had never bought back Poly. I was worried about mine getting taken!
I thought they bought a couple in early 2020? Even if they did, it wasn’t much.