DVC Right of First Refusal Report (ROFR): May ’19 Report

Year-to-date (YTD), Disney has exercised their right of first refusal (ROFR) on 359 Disney Vacation Club (DVC) contracts, and DVC Resale Market has sold 1,764, resulting in a 20.4% buyback rate (Contracts Bought Back year-to-date / Contracts Sold year-to-date). The year-to-date waiver rate is 79.6%.

The Two Biggest ROFR Takeaways So Far in 2019

In 2019, we have observed record-breaking buyback numbers, and the buybacks are very resort specific. DVC Resale Market’s buyback rate has climbed from 6.9% in 2017 to 10.5% in 2018 to a staggering 20.4% YTD buyback rate in 2019.

The eight DVC Resorts bought back have YTD buyback rates of anywhere from 16% to 48% (shown in a chart towards the bottom of page). Those eight resorts in order of buyback percentage: Beach Club, Bay Lake Tower, Animal Kingdom, Hilton Head, Old Key West, Saratoga Springs, Grand Floridian, and Boardwalk. The remaining six DVC Resorts that we have not had any buybacks thus far in 2019 are: Aulani, Boulder Ridge, Copper Creek, Grand Californian, Polynesian, and Vero Beach.

What is Right of First Refusal (ROFR)?

For those new to the concept of Right of First Refusal, it 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.

Disney Vacation Club Resort Contracts Bought Back in 2019

Please refer to the graph below for the total amount of buybacks at each DVC resort for contracts sold by DVC Resale Market YTD in 2019:

YTD Buy Back Chart 6.5.19

Details on DVC Buybacks

In May, with 81 buybacks, rather than providing details of every contract and significantly delaying the delivery of the ROFR report, we thought we would summarize the details by providing the selling price range per point along with the volume by DVC Resort for all contracts bought back.

The selling price range and volume summary for all buybacks in May:

Resort Selling Price Per Point Range of Buy Backs in May Number of Buy Backs in May
Animal Kingdom $99 – $113 18
Bay Lake Tower $132 – $144 12
Beach Club $126 – $142 10
Boardwalk $100 – $119 4
Grand Floridian $140 – $153 3
Hilton Head $60 – $60 1
Old Key West $86 – $94 7
Saratoga Springs $87 – $102 26


Buyback Rates for Disney Vacation Club Resorts

The table below shows the percentage of buybacks for all 8 different resorts for January through May of 2019. Note, the buyback rate for Aulani, Boulder Ridge, Copper Creek, Grand Californian, Polynesian and Vero Beach in 2019 has been 0%.

Resort Buy Backs Number Sold Percentage Bought Back
Animal Kingdom 86 298 29%
Bay Lake Tower 67 173 39%
Beach Club 42 88 48%
Boardwalk 21 128 16%
Grand Floridian 20 106 19%
Hilton Head 11 38 29%
Old Key West 28 110 25%
Saratoga Springs 86 390 22%


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


  • Shelby Russell
    June 20, 2019

    This data is only for contracts processed through DVC Resale Market, correct?

    • Nick Cotton
      June 20, 2019

      Shelby, that is correct.

  • Kevin Helms
    June 15, 2019

    Do you think there is a link between the rate of new development within the parks and the increased interest on Disney’s part of buying these back?

    • Nick Cotton
      June 15, 2019

      Kevin – I don’t think it would be directly linked since DVC and Parks operate as separate organizations, but to your point, possibly indirectly there is an increase as WDW’s overall popularity grows with more park development leading to the need for more DVC inventory that is close to the theme parks and Disney Springs.

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