Below you will find DVC Right of First Refusal (ROFR) and resale data from offers that were accepted and sent to ROFR during the month of February. January-March tend to be highly active months for Disney to buyback contracts as this time of year typically coincides with increased developer prices. However, in the month of January we saw only 6 contracts exercised during ROFR and only one for the month of February. We are still waiting on ROFR decision for some sales and will update the info below accordingly.
Animal Kingdom took the #1 spot this month in sales volume, followed next by Saratoga Springs and then Bay Lake Tower.
Contract sizes sold in February ranged from 25 points up to 450 points with the most common amount of points purchased being 160 points.
February 2018 – DVC Resales
|RESORT||Avg. Sale Price||Weighted Average||DVC ROFR EXERCISED|
|Animal Kingdom||$107||$102||160 points @ $100|
|Bay Lake Tower||$135||$135|
|Beach Club Villas||$141||$140|
|Old Key West (2042)||$94||$89|
|Old Key West (2057)||$102||$102|
|Wilderness Lodge: Boulder Ridge||$106*||$99|
NOTES: Per request, we’ve added the Weighted Average to the data below. A weighted average takes into account the number of points purchased with each sale. This gives a more accurate price when there are sales that may skew the overall data higher or lower. Average sale price and weighted averages 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 low inventory.
*In the month of February, we sold mostly small point contracts (120 points or less) at Boulder Ridge which attributed to the average sale price being much higher than the weighted average.
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 please email us at email@example.com or call 866-544-2919.