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 months of November and December.
So far only two contracts were exercised, both at Old Key West with 2042 expiration dates.
Contract sizes sold these two months ranged from 30 points up to 350 points with the most common amount of points purchased being 150 points and the average amount of points purchased at 154 points. A continuing trend for small point packages making up the most common purchase. The most points were sold at Animal Kingdom, followed by Saratoga Springs and Polynesian.
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. Prices below do not include closing costs or annual dues, two separate features to the sale terms.
November – December 2019 – DVC RESALES
|RESORT||Avg. Sale Price||DVC ROFR EXERCISED|
|Bay Lake Tower||$138|
|Beach Club Villas||$154|
$143 – small points
$190 – small points
|Old Key West (2042)||$92||250 points at $93
230 points at $91
|Old Key West (2057)||$110|
$112 – small points
|Wilderness Lodge: Boulder Ridge||$99|
|Wilderness Lodge: Copper Creek||$155|
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.