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

DVC Exercises Right of First Refusal (ROFR)

Year-to-date (YTD), Disney has exercised their right of first refusal (ROFR) on 244 Disney Vacation Club (DVC) contracts, and DVC Resale Market (DVCRM) has sold 1,419, resulting in a 17.2% buyback rate (Contracts Bought Back in 2022/Contracts Sold in 2022). The 2022 waiver rate is 82.8%.

Key ROFR Updates

March 2022 marked the highest number of ROFR buybacks ever for DVC Resale Market.  Disney Vacation Club bought back 136 contracts in March 2022 as compared to 41 contracts in March 2021.  Considering that comparison, March 2022 was only two contracts shy of matching the entire number of buybacks for all of Q1 2021.  Long story short, the ROFR monster was very hungry last month!

Not all is gloom and doom, however. These numbers are as much an indication of Disney Vacation Club’s aggressive buybacks as they are of an increase in sales volume for both DVC Resale Market and DVC resale in general over the course of the past month.

Saratoga Springs has triumphantly returned as the ROFR champion (as if there was any question), with 53 contracts bought back in March. In case you had to do a double-take there, I also had to double-check that number multiple times, even after typing it.  Old Key West (22) and Animal Kingdom Villas (15) followed closely behind. The increase in ROFR activity for these resorts aligns with the news late last month that Saratoga Springs, Old Key West, and Animal Kingdom were all moving to a direct sold-out sales price of $200 per point. All three resorts also saw their highest buyback price per point reach new records in March 2022.

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 March 2021 to March 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:

Buy Back Rates for Disney Vacation Club Resorts in 2022

The table below shows the percentage of buybacks for all 9 different resorts that have had at least one contract bought back in 2022. Note, there have been no buybacks of the following resorts in 2022 thus far: Aulani, Grand Californian, Riviera Resort, Grand Floridian, Polynesian, and Hilton Head.

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