DVC Right of First Refusal Report (ROFR): May 2026

DVC Exercises Right of First Refusal (ROFR)

Year-to-date (YTD), Disney has exercised their right of first refusal (ROFR) on 63 Disney Vacation Club (DVC) contract, and DVC Resale Market (DVCRM) has sold 1,615, resulting in a 3.9% buyback rate (Contracts Bought Back in 2026/Contracts Sold in 2026). The 2026 waiver rate is 96.1%.

Key ROFR Updates

May 2026 was a relatively normal month for ROFR activity, but it did come with one interesting twist: nearly half of Disney’s buyback activity was focused on the West Coast.

The biggest headline was the return of Grand Californian to the ROFR report. We saw three buybacks at the resort this month, including one contract purchased at an impressive $254 per point. That’s a significant number even by Grand Californian standards and further reinforces just how valuable Disney views that inventory whenever it becomes available.

The other West Coast activity came from Aulani, where Disney bought back two contracts. Unlike Grand Californian, these weren’t exactly surprising. Both contracts were purchased at relatively low price points, including one at just $77 per point. Given that Aulani resale pricing typically sits much higher than that, it’s easy to see why Disney would choose to step in and exercise ROFR.

Back on the East Coast, Bay Lake Tower made another appearance with two buybacks this month. That’s notable because Bay Lake Tower spent a while largely absent from ROFR conversations. Between the completed refurbishment and what appears to be renewed buyer interest, it continues to quietly establish itself as a resort worth watching in 2026.

Looking at the Bigger Picture

While monthly data is always interesting, I think the broader annual trend tells the more important story.

Through the first five months of 2026, Disney has exercised ROFR on 63 contracts. That’s actually slightly below where we stood at this point in 2025, when Disney had purchased 74 contracts through May. In other words, buyback activity is running about 15% lower year-over-year despite all of the discussion surrounding ROFR over the past several months.

And that’s really the key takeaway.

Yes, Disney continues to buy back contracts. Yes, Grand Floridian remains the clear focus, with nearly 16% of all Grand Floridian contracts sold this year being repurchased by Disney. Old Key West continues to sit comfortably in second place at around 10%. But outside of a handful of resorts, ROFR remains a relatively small part of the overall resale process.

The vast majority of contracts continue to pass through ROFR without issue, and the overall waiver rate remains extremely high.

Want More ROFR Data?

As a reminder, if you enjoy digging into the data behind these reports, we’re now tracking live ROFR activity inside the DVC Fan Forums for members of our Supporter Lounge.

Rather than waiting for the monthly report, you’ll be able to follow buybacks as they’re reported, view resort-specific trends, and monitor activity throughout the month in real time. If you’re someone who enjoys watching the ROFR monster’s every move, it’s a great resource and we’d love to have you join the conversation.

For now, May feels like another month that reinforces what we’ve been saying for much of the past year: Disney is being selective, strategic, and highly targeted with its buybacks. The names may change from month to month, but the overall story remains largely the same heading into the summer months.

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.

Buy Back Rates for Disney Vacation Club Resorts in 2026

The table below lists the percentage of buybacks for resorts that have had at least one contract repurchased in 2026, along with the number of contracts bought back for each specific resort this month. Note, there have been no buybacks of the following resorts in 2026: Boardwalk, Copper Creek, Vero Beach, Polynesian, Disneyland Hotel, and Fort Wilderness.

Disney Vacation Club Resort Resale Contracts Bought Back in 2026

The graph below shows the total amount of buybacks at each DVC resort for contracts sold by DVC Resale Market in 2026:

Highest Monthly Buy Back Numbers by DVC Resort

Highest Buyback Price Per Point by Resort from May 2025 to May 2026:

*n/a: no buybacks for that resort for that month. Also, no buybacks of Disneyland Hotel, Fort Wilderness, and Polynesian in a rolling year.

Average Right of First Refusal (ROFR) Timeframe for May 2026

In our continuous effort to provide transparent and useful insights to our clients at DVC Resale Market, we have compiled data to establish an average timeframe for contracts to pass through the Right of First Refusal (ROFR) process. It is important to understand that this duration is an average, indicating that some contracts may be processed more quickly while others might take a longer period. Keep in mind that various factors can influence these timeframes, and this average serves as a general benchmark for your expectations when navigating the ROFR process with us.

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