Ironic...
PVB supposedly has low prices because it only has studios. But CCV not having enough studios is going to hurt resale...
The reality is we’re all speculating here. Why did BWV take a $20/point dive in the last quarter when BCV stayed relatively the same? Same locale, similar dues, same room offerings, cheaper points per night. Did the clown pool suddenly come to life to bring the cost down $40/pt compared to BCV?
Sometimes it’s just the wave of supply. Prices will dip when there’s a lot of options on the same contract. Historically, that means the market is flooded from direct sales, and even after sold out the wave of foreclosures, initial buyers hit the resale market and the prices drop. It takes several years for the ownership pool to stabilize.
I expect the same from CCV before Disney’s price increases and eventual ROFR will support the bottom on CCV. But even then, there’s no guarantee as a flood of similar contracts can drive the price down as we’re seeing With BWV.