In this article you will find our First Quarter DVC resale report which includes Right of First Refusal (ROFR) and average sale prices from offers that were accepted and sent to ROFR during the months of January, February and March.
Keep in mind that individual sale prices can easily vary based on the size of the contract (in points) and the current point availability of the contract – “loaded” (having current points + banked points) or “stripped” (having no current points). Smaller point contracts tend to sell for around $10-$15 per point higher than average due to high demand and lower inventory. Prices below do not include closing costs or annual dues – two separate features to the sale terms.
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. When there is an accepted offer and a signed contract, 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 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.
January-March 2020 DVC ROFR & Resale Prices
A lot of small point contracts were sold at Beach Club and Polynesian these last few months which contributed to higher overall sale prices for those resorts. As you can see below, ROFR activity was highest at Old Key West with contracts exercised as low as $78 per point and as high as $100 per point. No sales for Riviera yet although we have two new listings.
|RESORT||Avg. Sale Price||DVC ROFR EXERCISED|
|Bay Lake Tower||$145||160 points at $125|
|Beach Club Villas||$157|
|Boardwalk Villas||$130||222 points at $110|
|Old Key West (2042)||$101||311 points at $78
100 points at $93
270 points at $87
230 points at $90
250 points at $92
218 points at $99
|Old Key West (2057)||$108||150 points at $100|
|Vero Beach||$58||150 points at $60|
|Wilderness Lodge: Boulder Ridge||$100||150 points at $90|
|Wilderness Lodge: Copper Creek||$143|
Contract sizes sold these three months ranged from 25 points up to 600 points with the most common amount of points purchased being 150 points and the average amount of points purchased at 152 points. Over 30% of contracts purchased were 100 points or less in size, further continuing the trend for smaller point packages. The most points were sold at Animal Kingdom, followed by Old Key West and Saratoga Springs. Polynesian took a step back while Aulani stepped forward with more sales.
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.