Happy New Year everyone! 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 January. January-March tend to be highly active months for Disney to buy back contracts as this time of year typically coincides with increased developer prices. In the month of January we saw only 6 contracts exercised during ROFR which is significantly less than the 22 we had in January 2017. Phew!
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. Its important to note that average sale price and weighted averages do not reflect whether or not a contracts 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.
Saratoga is back on top as the #1 resort in sales volume, followed next by Old Key West.
Contract sizes sold in January ranged from 30 points up to 500 points with the most common amount of points purchased being 150 points.
January 2018 – DVC Resales
|RESORT||Avg. Sale Price||Weighted Average||DVC ROFR EXERCISED|
|Bay Lake Tower||$136||$134|
|Beach Club Villas||$137||$133|
|Boardwalk Villas||$114||$113||200 points @ $102|
|Hilton Head||$88||$80||220 points @ $73|
|Old Key West (2042)||$89||$84||200 points @ $80
270 points @$80
230 points @ $88
|Old Key West (2057)||$115||$115|
|Saratoga Springs||$91||$91||160 points @ $87|
|Wilderness Lodge: Boulder Ridge||$90||$85|
NOTE: Typically, smaller point contracts sell for around $10-$15 per point higher than average due to high demand and low inventory. Average sale price and weighted averages do not reflect whether or not a contracts is “loaded” (having current points + banked points) or “stripped” (having no current points). As with small point contracts, “loaded” contracts typically sell for slightly higher than average. On the other side, “stripped” contracts tend to sell for slightly less than average. Sale prices above do not include closing costs or annual dues as those are separate features to a purchase.
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 firstname.lastname@example.org or call 866-544-2919.