DVC Expands ROFR Buybacks to Old Key West Resort!

Old Key West

Disney Vacation Club (DVC) members and prospective buyers beware: The ROFR Monster is alive and well! DVC has once again resumed its Right of First Refusal (ROFR) activities, this time focusing on Disney’s Old Key West Resort. Today alone, we’ve seen seven contracts taken back by Disney:

  • Old Key West 2042 February Use Year 280 Point Contract at $71.00 per point
  • Old Key West 2042 December Use Year 230 Point Contract at $72.00 per point
  • Old Key West 2042 December Use Year 230 Point Contract at $72.00 per point
  • Old Key West 2042 September Use Year 270 Point Contract at $69.00 per point
  • Old Key West 2042 April Use Year 270 Point Contract at $71.00 per point
  • Old Key West 2042 August Use Year 150 Point Contract at $75.00 per point
  • Old Key West 2042 August Use Year 190 Point Contract at $74.00 per point

Why Old Key West?

Looking at the current value of Old Key West contracts on the DVC Resale Market, it’s not surprising that Disney would want to reclaim these contracts. Over the past twelve months, the average resale value for Old Key West has plummeted from $98 per point to $82 per point as of April 2024—a significant 16% decrease. The contracts taken back today were sold approximately 13% below the current average, making them particularly attractive to Disney.

This strategic move allows Disney not only to buy these contracts back at a lower price but also to potentially flip them into extended 2057 expiration contracts. Moreover, this ROFR activity coincides with DVC’s current direct incentive on Old Key West points, which runs through June 24, 2024. The buybacks may indicate that Disney has run low on points for this promotion or is preparing to extend it further into the summer.

Polynesian Buybacks Continue

We would be remiss if we didn’t mention the ongoing wave of buybacks at Disney’s Polynesian Villas & Bungalows. Today saw THIRTEEN more contracts taken by the ROFR Monster, with prices ranging from $146 to $158 per point! These buybacks are all significantly below the current resale market value, where contracts have been selling for as high as $200 per point.

Island Tower DVC - Full Detail

With the addition of the new Island Tower at Disney’s Polynesian Villas and Bungalows, Disney seems to be bolstering its supply of points available for sale at this resort. This strategy not only increases the resale value of these contracts but also enhances the overall value of the Polynesian ahead of the Island Tower going on sale in the coming months. Despite the increased price of Polynesian resale contracts, we expect there is still tremendous value to resale over the expected direct price, which will likely open around $250 per point. Personally, I was fortunate enough to purchase a Polynesian contract for around $130 per point about a year ago, and seeing these rising prices makes me consider selling, as the value continues to climb!

Grand Floridian Joins the ROFR Party

After taking a few months off, Disney’s Grand Floridian Resort & Spa has rejoined the ROFR party. Today, a December Use Year 340 Point Contract was taken back at $144 per point. This marks another significant buyback for DVC and shows they are broadening their scope of potential buybacks this month.

Stay Informed

Today’s ROFR activity, with over 21 contracts taken, has more than TRIPLED the total number of ROFRs we’ve seen year to date. This surge raises the question on everyone’s mind: has there been a shift in Disney Vacation Club’s buyback strategy? Only time will reveal that answer!

Stay tuned and follow our monthly Right of First Refusal (ROFR) reports for more detailed updates on DVC’s buyback activities and how they might affect you. Whether you’re a current member or looking to join the Disney Vacation Club community, keeping an eye on these trends can help you make the most informed decisions for your DVC investment!

Access all DVC resale listings and learn more about buying and selling with DVC Resale Market.


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