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This article contains our Third 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 July, August, and September 2021. Average sale prices continued in an upward trend and Disney’s ROFR rates increased as well. We are continuing to see a lower amount of inventory as more buyers are looking to make a purchase creating a shift in supply v. demand. Garden Views Realty (ResalesDVC) sold close over 23,000 DVC points this quarter with just under 25% of those being exercised by Disney’s Right of First Refusal.
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.
July-September 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 Apr-Jun 2021 |
Avg. Sale Price Jul-Sep 2021 |
DVC ROFR EXERCISED Jul-Sep 2021 |
| Animal Kingdom | $128 | $127 | 130 points @ $121 150 points @ $120 150points @ $121 180 points @ $118 220 points @ $127 300 points @ $125 |
| Aulani | $109 | $128 | |
| Bay Lake Tower | $166 | $161 | 100 points @ $140 435 points @ $155 |
| Beach Club Villas | $153 | $163 | |
| Boardwalk Villas | $130 | $141 | 350 points @ $120 |
| Grand Californian | — | $260 | |
| Grand Floridian | $184 | $175 | |
| Hilton Head | $80 | $85 | |
| Old Key West (2042) | $114 | $124 | 130 points @ $110 210 points @ $108 230 points @ $100 230 points @ $120 |
| Old Key West (2057) | $150 | $139 | |
| Polynesian | $168 | $170 | |
| Riviera | $147 | $156 | |
| Saratoga Springs | $119 | $124 | 100 points @$125 100 points @$125 125 points @ $120 130 points @ $128 150 points @ $115 150 points @ $120 150 points @ $120 150 points @ $121 150 points @ $123 150 points @ $123 150 points @ $123 160 points @ $122 160 points @ $126 200 points @ $118 200 points @ $120 200 points @ $125 210 points @ $125 225 points @ $110 230 points @ $125 245 points @ $105 270 points @ $122 400 points @ $119 |
| Vero Beach | $70 | $76 | |
| Wilderness Lodge: Boulder Ridge | $102 | $104 | 210 points @ $112 |
| Wilderness Lodge: Copper Creek | $159 | $161 |
SALES BY RESORT
Contract sizes sold this quarter ranged from 25 points up to 600 points with the average amount of points purchased being 153 points. The most points were sold at Saratoga Springs, followed by Animal Kingdom and Bay Lake.
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.
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