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

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

0 Comments
Disney's Boardwalk

In the month of November, Disney exercised their right of first refusal (ROFR) on 12 contracts sold through the DVC Resale Market, representing roughly 10.5% of the contracts sold in that same month.  The 10.5% percentage of buy backs is more than double the year-to-date percentage of 4.3%.  Additionally, November set a record for the most contracts bought back through ROFR in 2016 from the DVC Resale Market.

Nearly all the buy backs in November consisted of Bay Lake Tower and Boardwalk.  Those two resorts included 11 of the 12 buy backs in November.   This continues a 3 month trend of Bay Lake Tower and Boardwalk dominating the buy backs (24 of the last 28).  Not surprisingly, those two resorts have taken over the top 2 spots year-to-date on the number of contracts excercised in ROFR as seen below:

DVC Resorts bought back in ROFR

 

During this heavy buy back trend for Bay Lake Tower, contracts over $110/pt. were typically not touched until this past month.  In November, two Bay Lake Tower contracts were bought back at over $110/pt.  These two buy backs included a 160 point contract at $111/pt. and a 200 point contract at $113/pt.  However, the vast majority of Bay Lake Tower contracts sold over $110/pt. did get waived.  In the course of this recent trend, the top buy back price of Boardwalk also got raised in November from $97/pt. to $99.5/pt.

Disney's Bay Lake Tower

 

For the 3rd straight month, high point availability was not common with the majority of contracts bought back.  While many of the contracts did have some 2016 points available, the most common trait for contracts being bought back was the resort being either Bay Lake Tower or Boardwalk.

Resort Price Per Point Points on Contract Price Closing Costs Paid by 2016 Annual Dues Paid by Use Year Point Availability
Bay Lake Tower $108 175 $18,900 Buyer Seller Dec. 175 Pts. ’16 + 175 Pts. ’17
Bay Lake Tower $111 160 $17,760 Buyer Seller Dec. 186 Pts. ’16 + 160 Pts. ’17
Bay Lake Tower $88 500 $44,000 Buyer Seller Dec. 360 Pts. ’16 + 500 Pts. ’17
Bay Lake Tower $106 160 $16,960 Seller Seller Dec. 0 Pts. ’16 + 160 Pts. ’17
Bay Lake Tower $113 200 $22,600 Buyer Seller Mar. 72 Pts. ’16 + 200 Pts. ’17
Bay Lake Tower $101 160 $16,160 Buyer *Seller Feb.  0 Pts. ’16 + 0 Pts. ’17 + 160 Pts. ’18
Bay Lake Tower $101 160 $16,160 Buyer *Seller Feb. 0 Pts. ’16 + 0 Pts. ’17 + 160 Pts. ’18
Boardwalk $99 200 $19,800 Buyer Seller Jun. 200 Pts. ’16 + 200 Pts. ’17
Boardwalk $96 150 $14,400 Buyer Seller Feb. 130 Pts. ’16 + 150 Pts. ’17
Boardwalk $99.50 150 $14,925 Seller Seller Dec. 148 Pts. ’16 + 150 Pts. ’17
Boardwalk $89 100 $8,900 Buyer *Seller Dec. 0 Pts. ’16 + 0 Pts. ’17 + 100 Pts. ’18
Saratoga Springs $87 210 $18,270 Buyer Seller Mar. 420 Pts. ’16 + 210 Pts. ’17

* Seller provided credit to buyer at closing for 2017 annual dues

Browse All DVC Resale Market Listings

Comments

Post a Reply