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 month of July. Average sale prices were higher for Bay Lake, Beach Club, & Boardwalk compared to May/June so we saw no buy-backs this month for those resorts. Woohoo! Congrats buyers!
There were some trends this month with ROFR activity at Saratoga Springs and Animal Kingdom. For Animal Kingdom, sale prices $105 and above were approved while sale prices $104 and below were exercised. At Saratoga Springs, sale prices $104 and above were approved while sales prices below $104 were exercised. This could just be coincidental, since we normally don’t see a definite threshold when it comes to ROFR, but it is interesting to point out.
When presenting offers, its important to keep these prices in mind as a seller may accept a price thats lower than what Disney will waive through ROFR. Ultimately, Disney gets the final say. If you need help with what to offer, please don’t hesitate to ask!
Contract sizes sold this month ranged from 60 points up to 350 points with the most common amount of points purchased being 150 points and the average amount of points purchased at 172 points. The top three properties with the most points sold this month were Animal Kingdom, Saratoga Springs and Boulder Ridge.
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.
JULY 2019 – DVC RESALES
|RESORT||Avg. Sale Price||DVC ROFR EXERCISED|
|Animal Kingdom||$107||250 points at $104
150 points at $102
|Bay Lake Tower||$147|
|Beach Club Villas||$149|
|Hilton Head||$74||220 points at $74|
|Old Key West (2042)||$96
$123 – small points
|218 points at $92|
|Old Key West (2057)||$103|
|Saratoga Springs||$102||150 points at $101
150 points at $101
150 points at $95
200 points at $99
110 points at $102
|Wilderness Lodge: Boulder Ridge||$94|
|Wilderness Lodge: Copper Creek||—|
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.