Below is our Disney Vacation Club Right of First Refusal (ROFR) and resale data from offers that were accepted and sent to ROFR during the months of August & September.
The month of August was rather quiet for ROFR with only one contract exercised, a Boulder Ridge 200 points for $95 per point. The month of September saw another Boulder Ridge exercised at $92 per point and a handful of surprising buybacks at Grand Californian — up to $225 per point.
Average sale prices increased at Animal Kingdom, Old Key West, and Saratoga Springs, where we normally see the most ROFR activity so that may have helped. Congratulations new buyers!
Contract sizes sold this month ranged from 25 points up to 385 points with the most common amount of points purchased being 100 points and the average amount of points purchased at 152 points. This is slightly lower than the previous months where the average contract sold is usually 160-180 points.
NOTES: Average sale prices do not reflect whether or not a contract is “loaded” (having current points + banked points) or “stripped” (having no current points). “Loaded” contracts typically sell for higher than average and “stripped” contracts tend to sell for slightly less than average. Also, smaller point contracts tend to sell for around $10-$15 per point higher than average due to high demand and lower inventory.
AUGUST & SEPTEMBER 2019 – DVC RESALES
|RESORT||Avg. Sale Price||DVC ROFR EXERCISED|
|Bay Lake Tower||$151|
|Beach Club Villas||$143|
|Grand Californian||$215||25 points at $225
160 points at $176
25 points at $225
|Old Key West (2042)||$96
$123 – small points
|Old Key West (2057)||$104|
$78 – small points
|Wilderness Lodge: Boulder Ridge||$95||200 points at $95
200 points at $92
|Wilderness Lodge: Copper Creek||$145|
What is Disney’s Right of First Refusal?
The purpose of Disney’s Right of First Refusal (ROFR) is to control the value of their property so that it remains in step with current values. When there is an accepted offer and a signed contract with a good faith deposit in escrow, we immediately forward all contracts to the DVC Review Board. DVC will do an analysis of the terms of the contract and decide if they wish to “step in” as the buyer. The criteria DVC uses for ROFR is not public information but one important factor for exercising (stepping in as buyer) the ROFR would be if they feel the selling price, including who pays closing costs and maintenance and taxes, is below the target price they have established. If DVC exercises their ROFR and steps in as the buyer, your deposit will be refunded in full at your request.
If you have any questions about Disney’s ROFR or want more details on a particular sale or resort, please email us at email@example.com or call 866-544-2919.
10/11/19 – Updated to include September data