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This article contains our Second 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 April, May, and June. 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 to 30,000 DVC points this quarter with 10% 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.
April – June 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 Jan-Mar 2021 |
Avg. Sale Price Apr-Jun 2021 |
DVC ROFR EXERCISED Apr-Jun 2021 |
| Animal Kingdom | $118 | $128 | |
| Aulani | $108 | $109 | |
| Bay Lake Tower | $149 | $166 | 200 points @ $150 320 points @ $158 |
| Beach Club Villas | $146 | $153 | |
| Boardwalk Villas | $139 | $130 | 150 points @ $117 |
| Grand Californian | $228 | — | |
| Grand Floridian | $174 | $184 | |
| Hilton Head | $70 | $80 | 170 points @ $70 |
| Old Key West (2042) | $110 | $114 | 220 points @ $108 230 points @ $100 230 points @ $100 |
| Old Key West (2057) | $115 | $150 | |
| Polynesian | $156 | $168 | |
| Riviera | $140 | $147 | |
| Saratoga Springs | $109 | $119 | 100 points @ $111 100 points @ $123 130 points @ $118 150 points @ $120 150 points @ $125 160 points @ $110 160 points @ $110 200 points @ $107 200 points @ $115 210 points @ $120 225 points @ $105 225 points @ $115 270 points @ $107 300 points @ $120 |
| Vero Beach | $66 | $70 | |
| Wilderness Lodge: Boulder Ridge | $99 | $102 | |
| Wilderness Lodge: Copper Creek | $147 | $159 | 120 points @ $155 |
SALES BY RESORT
Contract sizes sold this quarter ranged from 25 points up to 520 points with the average amount of points purchased being 167 points. The most points were sold at Saratoga Springs, followed by Bay Lake Tower and Vero Beach.
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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