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