DVC Right of First Refusal (ROFR): April ’16 Report

Filed in Bay Lake Tower, Old Key West, ROFR

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A modern chandelier illuminates the lounge of Bay Lake Tower

In the month of April, Disney exercised their right of first refusal (ROFR) on 2 contracts that were sold through the DVC Resale Market, representing a less than 2% buy back rate.  This was lowest number of buy backs we have observed since this time last year.   Before April, the average buy back amount per month for 2016 had been 7, representing about a 5-6% buy back rate.  Details on the two contracts bought back in April are below.

 

RESORT PRICE PER POINT POINTS ON CONTRACT PRICE Closing Costs Paid by 2016 Annual Dues Paid by USE YEAR POINT AVAILABILITY
Bay Lake Tower $111 210 $23,310 Seller Pro-Rate June 144 Points Coming June ’16 + 210 Points Coming June ’17
Old Key West $82 310 $25,420 Buyer Buyer March 620 Points Coming March ’16 + 320 Points Coming March ’17

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