First Quarter 2021 – DVC Resales and ROFR Report

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DVC RESALE ROFR REPORT

DVC RESALE ROFR REPORT

This article contains 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. 

The first quarter of the year is typically the busiest time for the DVC resale industry and coming after an unprecedented year like 2020, it certainly lived up to expectations.  This year started off with limited inventory, a higher than average demand from buyers but a lower ROFR rate compared to the end of 2020. All these have influenced and helped maintain a very strong DVC resale market. As you can see from the chart below, average sale prices have increased as more buyers are looking to make a purchase creating a shift in supply v. demand. Disney exercising ROFR on resorts like Old Key West and Boardwalk has also lead to higher and more stable sale prices in attempt to get contracts waived through.  Disney’s higher Direct Purchase prices can influence resale prices as well since DVC has Right of First Refusal on every contract and as the value of direct points goes up, the value of resale does as well. Currently 9 out of 14 resorts are being sold for over $200 per point direct.

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 2021 

When viewing the data below, 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 due to high demand and lower inventory. Prices below do not include closing costs or annual dues – two separate features to the sale terms.

RESORT Avg. Sale Price
Jan-Mar 2021
Avg. Sale Price
Oct-Dec 2020
DVC ROFR EXERCISED
Jan-Mar 2021
Animal Kingdom $118 $114 175 points @ $106
480 points @ $108
Aulani $108 $101
Bay Lake Tower $149 $142 100 points @$140
100 points @ $145
300 points @ $143
320 points @ $151
Beach Club Villas $146 $142
Boardwalk Villas $139 $133 180 points @ $100
200 points @ $120
210 points @ $118
Grand Californian $228 $198
Grand Floridian $174 $163
Hilton Head $70 $68
Old Key West (2042) $110 $104 210 points @ $95
220 points @ $95
260 points @ $99
260 points @ $100
300 points @ $103
Old Key West (2057) $115  $100
Polynesian $156 $143
Saratoga Springs $109 $104
Vero Beach $66 $66 350 points @ $56
Wilderness Lodge: Boulder Ridge $99 $101
Wilderness Lodge: Copper Creek $147 $135
Riviera Resort $140 $130
SALES BY RESORT

Contract sizes sold this quarter ranged from 25 points up to 600 points with the most common amount of points purchased being 115 points and the average amount of points purchased at 163 points. The most points were sold at Saratoga Springs, followed by Animal Kingdom and Old Key West. 

 

Click here for previous DVC ROFR data

Working with a trusted brokerage with the knowledge and experience you need to make sure you get a fair price and have a successful purchase or sale is so important in times like these.  If you are unsure of what you should offer or what you should accept as far as an offer goes, please contact us!  We are here for you every step of the way. If you have any questions about Disney’s ROFR or want more details on a particular sale or resort, please email us at team@resalesdvc.com or call 866-544-2919.




About the Author
Kristen Tutas

Kristen Tutas

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Kristen is a Licensed Broker Associate with Garden Views Realty, Inc (ResalesDVC.com). She is the granddaughter of "Grandma Jaki" and the niece of Kinn. She has been specializing in the resale of Disney Vacation Club timeshare since 2011. As an avid Disney fan and an annual passholder, you can frequently find her at Walt Disney World. View More Posts By Kristen