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This article contains our First Quarter DVC resale market report for 2022. This will include Right of First Refusal (ROFR) and average sale prices from offers that were accepted and sent to ROFR during the months of January, February, and March 2022.
Garden Views Realty (ResalesDVC) sold close to 28,000 DVC points this quarter. That’s an increase of 55% from last quarter. While Disney continues to be very aggressive in exercising their ROFR, the rate at which they did this quarter was right at 20%, meaning the majority of contracts are getting waived and continue to closing with the original buyers. This quarter we have expanded the data into three subsections: High Sale Price, Low Sale Price and Average Sale Price. We have also provided the same for sales that were exercised: High ROFR Price, Low ROFR price, and Average ROFR price.
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.
Jan-March 2022
Notes: 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 | Resale Prices |
ROFR Exercised |
| Animal Kingdom | Hi: $152 Lo: $125 Avg: $139 |
Hi: $140 Lo: $125 Avg: $134 |
| Aulani | Hi: $140 Lo: $102 Avg: $118 |
|
| Bay Lake Tower | Hi: $195 Lo: $135 Avg: $160 |
Hi: $165 Lo: $140 Avg: $154 |
| Beach Club Villas | Hi: $195 Lo: $145 Avg: $171 |
Hi: $170 Lo: $145 Avg: $159 |
| Boardwalk Villas | Hi: $165 Lo: $126 Avg: $145 |
Hi: $141 Lo: $126 Avg: $134 |
| Grand Californian | Hi: $295 Lo: $270 Avg: $285 |
|
| Grand Floridian | Hi: $195 Lo: $175 Avg: $180 |
|
| Hilton Head | Hi: $93 Lo: $79 Avg: $85 |
|
| Old Key West (2042) | Hi: $141 Lo: $104 Avg: $120 |
Hi: $125 Lo: $104 Avg: $115 |
| Old Key West (2057) | Hi: $142 Lo: $120 Avg: $132 |
|
| Polynesian | Hi: $195 Lo: $152 Avg: $170 |
|
| Riviera | Hi: $160 Lo: $160 Avg: $160 |
|
| Saratoga Springs | Hi: $140 Lo: $100 Avg: $123 |
Hi: $138 Lo: $100 Avg: $120 |
| Vero Beach | Hi: $93 Lo: $70 Avg: $84 |
|
| Wilderness Lodge: Boulder Ridge | Hi: $130 Lo: $105 Avg: $119 |
Hi: $119 Lo: $105 Avg: $112 |
| Wilderness Lodge: Copper Creek | Hi: $170 Lo: $160 Avg: $162 |
Hi: $160 Lo: $160 Avg: $160 |
SALES BY RESORT
Contract sizes sold this quarter ranged from 25 points up to 600 points with the average amount of points purchased being 157 points. The highest concentration of sales took place at Saratoga Springs, followed by Old Key West and BoardWalk.
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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