DVC Right of First Refusal (ROFR): August ’16 Report
In the month of August, Disney exercised their right of first refusal (ROFR) on five contracts sold through the DVC Resale Market. The resorts bought back in August (Bay Lake Tower, Boardwalk, Old Key West and Saratoga Springs) were consistent with what we have been seeing this year. Year-to-date, Old Key West and Saratoga Springs make up just over 60% of the contracts bought back by Disney that were sold by DVC Resale Market. For a complete total of YTD buy backs please refer to the graph below.
The contracts bought back this month all had low, attractive pricing. Where as in some months we have observed Disney buying back contracts at high prices due to high point availability (i.e., lots of banked and current points). While none of the contracts bought back had banked points, the majority did have 2016 points. The only contract bought back that didn’t have any 2016 points was a Boardwalk that sold at $86/pt. Below is a chart with details on all the contracts bought back in August that were sold through DVC Resale Market.
|Resort||Price Per Point||Points on Contract||Price||Closing Costs Paid by||2016 Annual Dues Paid by||Use Year||Point Availability|
|Bay Lake Tower||$109||250||$27,250||Buyer||Pro-Rated||Oct.||121 Points ’16 + 250 Points ’17|
|Boardwalk||$86||150||$12,900||Buyer||Seller||Apr.||150 Points ’18|
|Old Key West||$71||230||$16,330||Split||Buyer||Dec.||236 Points ’16 + 230 Points ’17|
|Old Key West||$80||175||$14,000||Buyer||Buyer||Feb.||175 Points ’16 + 175 Points ’17|
|Saratoga Springs||$82||150||$12,300||Buyer||Buyer||Oct.||150 Points ’16 + 150 Points ’17|