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DVC Resale Contracts are Selling like Soylent Green!

presley

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I've been watching the resales for over a year. I was looking at buying a VGC contract right before Covid really hit the U.S. and decided not to buy. Can you believe those same contracts (which are impossible to find now) are selling for about $100/ more per point right now? There was a recent small contract listed for $250/point and it sold for $350/point. Buying retail, which is no longer possible for this resort is listed at $295/point - resale technically costs more than retail. Of course, since there's no way to buy retail, that doesn't really matter.

I picked up my small Poly contract this year and the listed prices are already considerably higher today. The gap between retail and resale is shrinking more and more and the resale listings all usually say pending sale pretty much within a couple days of being listed. As I look at the resale contracts, paying a little bit more for retail and having access to all the properties is looking better. Really, I cannot believe my eyes.

Different topic, but rentals are going nuts, too. I saw a broker listed VGC studio for 2 night in December for $2220. I checked booking the hotel side directly and a standard room for the same nights is less than $1900. Even with the taxes and paying for parking, it's less money than the DVC rental. Truth be told, all VGC rooms tend to have very nice views (standard hotel rooms do not) and they have mini kitchenette which helps a little. The hotel side had better services, though, including twice daily housekeeping and turn down service. Years ago when I did a split stay between a DVC studio and a standard hotel room, I actually preferred the standard hotel room, but back then the extra taxes and parking fees made DVC a better bargain. Depending on time of year, that is no longer the case.
 

heathpack

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Hyatt High Sierra and Highland Inn
Disney’s Grand Californian and Hilton Head Island
Marriott Barony Beach and Mountainside
Sheraton Broadway Plantation

rickandcindy23

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heathpack

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Disney’s Grand Californian and Hilton Head Island
Marriott Barony Beach and Mountainside
Sheraton Broadway Plantation
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