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 March. We saw
only one contract five contracts exercised this month bringing the quarterly total to 12.
Saratoga is back on top for most sales volume, followed next by Animal Kingdom and then…drumroll please…Vero Beach! Yay Vero!
Animal Kingdom, Boulder Ridge, Old Key West and Saratoga decreased in average sale price this month. Bay Lake, Grand Californian, and Grand Floridian remained steady. Beach Club continues to increase, especially for small point contracts. Boardwalk showed a decrease this month mainly due to most sales being larger point contracts (300 points+).
Contract sizes sold in March ranged from 21 points up to 350 points with the most common amount of points purchased being 200 points.
March 2018 – DVC Resales
|RESORT||Avg. Sale Price||Weighted Average||DVC ROFR EXERCISED|
|Animal Kingdom||$103||$102||160 points @ $95
160 points @ $99
|Bay Lake Tower||$135||$135|
|Beach Club Villas||$153||$148|
(all large points)
(all large points)
|350 points @ $105|
|Hilton Head||$81||$70||250 points @$67|
|Old Key West (2042)||$90||$89||150 points @ $92|
|Old Key West (2057)||—||—|
|Wilderness Lodge: Boulder Ridge||$105||$100|
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.
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.