DVC Right of First Refusal Report (ROFR): January ’22

DVC Exercises Right of First Refusal (ROFR)

Year-to-date (YTD), Disney has exercised their right of first refusal (ROFR) on 50 Disney Vacation Club (DVC) contracts, and DVC Resale Market (DVCRM) has sold 459, resulting in a 9.2% buyback rate (Contracts Bought Back in 2022/Contracts Sold in 2022). The 2022 waiver rate is 90.8%.

Key ROFR Updates

Disney Vacation Club’s ROFR efforts have not slowed down as we embark on a new calendar year. January 2022 saw only a slight year-over-year decline of 2.6% percent when compared to January 2021.

As we observed in last month’s report, there has been a recent ROFR emphasis on DVC Resorts set to expire in 2042.  These resorts accounted for 74% of all contract buybacks in January 2022, with Beach Club leading the way with 12 contracts being purchased by Disney Vacation Club.

Thought they forgot about Vero Beach?  Not quite!  January 2022 also saw the first buyback for Vero since November 2020!  I wouldn’t read into this too much though.  For all we know, it might have been done by accident.

Last but not least, Bay Lake Tower saw four contracts taken in Right of First Refusal (ROFR) last month, including one at an all-time high price of $159 per point.  This is notable due to the recently announced incentives Disney Vacation Club is offering for direct Bay Lake purchases.  However, the number of contracts taken is significantly low in comparison with January 2021’s ROFR numbers for Bay Lake, which saw a whopping 24 contracts bought back.  Even with these incentives, purchasers can still save an additional 17% off of the highest incentivized price per point being offered currently for Bay Lake Tower by buying with DVC Resale Market.

What is Right of First Refusal (ROFR)?

For those new to the concept, Right of First Refusal is the option Disney Vacation Club has to purchase any resale contract after a sales price has been agreed upon, and the contract has been executed. Each contract must be forwarded to DVC for review.

DVC typically takes no more than 30 days to review the contract. At their discretion, Disney may step in and purchase the property themselves at the terms agreed upon by the seller and original buyer. DVC then becomes the buyer, and the purchase is complete. Once DVC is the buyer there is not an opportunity to come back with a better offer in hopes of still purchasing the contract.

Highest Monthly Buy Back Numbers by DVC Resort

Highest Buyback Price Per Point by Resort from January 2021 to January 2022:

Right of First Refusal Highest Price - January 2022


Disney Vacation Club Resort Resale Contracts Bought Back in 2022

The graph below shows the total amount of buybacks at each DVC resort for contracts sold by DVC Resale Market in 2022:

Right of First Refusal Graph - January 2022


Buy Back Rates for Disney Vacation Club Resorts in 2022

The table below shows the percentage of buybacks for all 12 different resorts that have had at least one contract bought back in 2022. Note, there were no buybacks of the following resorts in 2021: Aulani, Grand Californian, Riviera Resort, Grand Floridian, Polynesian, and Hilton Head.

Resort Buybacks Number Sold Percentage Bought Back
Animal Kingdom 2 48 4.2%
Bay Lake Tower 4 40 10.0%
Beach Club 12 25 48.0%
Boardwalk 8 25 32.0%
Boulder Ridge 6 18 33.3%
Copper Creek 1 34 2.9%
Old Key West 10 23 43.5%
Saratoga Springs 6 71 8.5%
Vero Beach 1 29 3.4%


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


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