Andy Berry joins us to discuss the DVC Resale Market for April of 2021. In short, its an extreme sellers market. Listings are flying off the shelf. High demand and short supply leads to increasing prices.
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Average sales prices are up significantly from a year ago when the pandemic started. Notable increases are at Bay Lake Tower and Beach Club. Both are up at their annual high prices.
In terms of Disney exercising their Right of First Refusal, Bay Lake Tower and Old Key West lead the back for buy backs in 2021. Bay Lake has location advantages and some of the lowest dues in Walt Disney World. Old Key West is the best buy when buying direct because Disney automatically extends those contracts to 2057.
We also covered a bonus report in this month's episode. DVC Resale Market releases a most affordable resort for total cost of ownership. This takes into account length of time on the contract, price per point and cost of annual dues. The top four most affordable resorts are Polynesian and Saratoga Springs typically race for the top two positions. In this report, Copper Creek increased a few spots and Bay Lake Tower dropped a point. It's interesting to note that both Saratoga and Bay Lake dropped a position; however, both have seen dramatic price increases within the last year.
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