DVC Right of First Refusal Report (ROFR): November 2022

Magic Kingdom Christmas

DVC Exercises Right of First Refusal (ROFR)

Year-to-date (YTD), Disney has exercised their right of first refusal (ROFR) on 1,126 Disney Vacation Club (DVC) contracts, and DVC Resale Market (DVCRM) has sold 4,230, resulting in a 26.6% buyback rate (Contracts Bought Back in 2022/Contracts Sold in 2022). The 2022 waiver rate is 73.4%.

Key ROFR Updates

When I started working on this month’s Right of First Refusal (ROFR) report, I joked with many members of our DVC Resale Market team that I was going to make my narrative short, sweet, and to the point:

There were six buybacks this month.

*Mic Drop*

Buybacks this month focused on Copper Creek (4) and Animal Kingdom (2), with no record-setting numbers to report in terms of price per point.  My guess is that this low ROFR trend won’t last long, making this Disney Vacation Club holiday shopping season a great time to purchase that first contract or add-on to your membership!

 

Gingerbread Carousel at Disney's Beach Club Resort

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 November 2021 to November 2022:

Right of First Refusal ROFR Highest Price November 22

 

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 ROFR November 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.

ResortBuybacksNumber Sold% Bought Back
Animal Kingdom23448947.9%
Bay Lake Tower20136654.9%
Beach Club3517320.2%
Boardwalk3824715.4%
Boulder Ridge1612912.4%
Copper Creek11829739.7%
Old Key West17637047.6%
Saratoga Springs30778039.4%
Vero Beach12020.5%

 

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

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