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

Filed in Bay Lake Tower, Disney Vacation Club, ROFR, Saratoga Springs

2 Comments
A waterslide feeds into the pool at Bay Lake Tower, surrounded by a lake

In the month of February, Disney exercised their right of first refusal (ROFR) on 10 contracts that were sold through the DVC Resale Market.  The two most common resorts bought back in February were Saratoga Springs and Bay Lake Tower.  Moreover, the average buy back prices for those resorts were $86.25/pt. for Saratoga Springs and $126.33/pt. for Bay Lake Tower.  Both monthly averages were the highest we have seen at the DVC Resale Market for both resorts.

It is important to note that many of the higher priced buy backs were on contracts with high point availability.  In fact, 6 out of the 10 contracts bought back had either all or nearly all of the previous “use years” points banked. Additionally, Disney was willing to pay the premium for those high point availability contracts setting record high buy back price per points observed by DVC Resale Market for several resorts including Bay Lake Tower ($133/pt.), Old Key West ($88/pt.), Boardwalk ($103/pt.) and Saratoga Springs ($96/pt.).

 

RESORT PRICE PER POINT POINTS ON CONTRACT PRICE Closing Costs Paid by 2016 Annual Dues Paid by USE YEAR POINT AVAILABILITY
Bay Lake Tower $130 100 $13,000  Buyer Buyer  Dec. 200 Points Avail. from Dec. ’15 + 100 Points Coming Dec. ’16
Bay Lake Tower $133 135 $17,955 Buyer Split Sep. 270 Points Avail. from Sep. ’15 + 135 Points Coming Sep. ’16
Bay Lake Tower $116 310 $35,960 Buyer Buyer Feb. 620 Points Avail. from Feb ’16 + 310 Points Coming Feb. ’17
Boardwalk $103 275 $28,325 Buyer Buyer Feb. 548 Points Avail. from Feb. ’16 + 275 Points Coming Feb. ’17
Old Key West $88 150 $13,200  Seller  Buyer Aug. 150 Points from Aug. ’15 + 150 Points Coming Aug. ’16
Saratoga Springs $83 160 $13,280  Buyer Buyer Apr. 2 Points Avail. from Apr. ’15 + 160 Points Coming Apr. ’16
Saratoga Springs $96 80 $7,680  Buyer Buyer Jun. 195 Points Coming Jun. ’16 + 45 Points Coming Jun. ’17
Saratoga Springs $81 120 $9,720  Buyer Buyer Apr. 137 Points Coming Apr. ’16 + 120 Points Coming Apr. ’17
Saratoga Springs $85 150 $12,750  Buyer Buyer Sep. 147 Points Avail. from Sep. ’16 + 150 Points Coming Sep. ’17
Saratoga Springs $89 270 $24,030  Buyer Buyer Feb. 540 Points Aval. Feb. ’16 + 270 Points Feb. ’17

Comments

  • Chad Brignac
    March 10, 2016

    This was out of how many that were sold or contracted?

    • Nick Cotton
      March 10, 2016

      Chad, in February 152 contracts were sold.

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