Spring is on the horizon and there is new magic coming in with the change of the seasons. The highly anticipated TRON Lightcycle / Run attraction opens in Tomorrowland at Magic Kingdom on April 4th. The Epcot International Flower and Garden Festival has arrived as of March 1st and the park’s landscapes are perfectly manicured. With Chief Executive Officer Bob Iger back at the helm of the company, fans are paying close attention for more changes, news and announcements. With the announced hiring freeze and now layoffs on the table, it seems Disney is doing a lot of work behind the scenes. So how is that affecting guests and the vacation experience? The Disney ROFR DVC stats for January 2023 were like nothing we had seen before. The next month showed more of the same. The Disney ROFR DVC stats for February 2023 brought more good news for Disney Vacation Club resale buyers.
Each month we share the Disney ROFR DVC stats for the previous month. We go over the numbers, aiming to inform potential DVC resale buyers and sellers. The statistics discussed below are based on DVC Resale Experts’ own sales and data. So welcome, or welcome back, and let’s see how things turned out for Disney ROFR DVC stats February 2023. If you’re interested but not sure what ROFR is or how it works, scroll down for the basics.
Disney ROFR DVC Stats for February of 2023
For the second month in a row, there is nothing to report! This is different from our usual monthly DVC ROFR roundup but we still have a lot to talk about. Below we discuss, and try to understand, why there are no ROFR buybacks to report on for this time period. In February of 2023, Disney chose to use ROFR to buy back 0% of DVC Resale Expert sales. Out of the 41 ROFR responses received, 41 contracts passed and 0 were bought back by DVC.
No properties were affected by ROFR DVC interception in February of 2023 and we are speculating on a few reasons why below.
Resorts that were not bought back by DVC during this time, because Disney Vacation Club chose to not buy any back, include the entire home resort round up: Disney’s Animal Kingdom Villas, Aulani, A Disney Resort and Spa, Bay Lake Tower at Disney’s Contemporary Resort, Disney’s Beach Club Villas, Disney’s BoardWalk Villas, Boulder Ridge Villas at Disney’s Wilderness Lodge, Copper Creek Villas and Cabins at Disney’s Wilderness Lodge, The Villas at Disney’s Grand Californian Hotel, The Villas at Disney’s Grand Floridian Resort, Disney’s Hilton Head Island Resort, Disney’s Old Key West Resort, Disney’s Polynesian Villas & Bungalows, Disney’s Riviera Resort, Disney’s Saratoga Springs Resort and Disney’s Vero Beach Resort.
THOUGHTS ON DISNEY ROFR DVC STATS
It’s important for us to share the popular ROFR DVC buy back resorts to inform buyers of their potential risk of a ROFR buy back. We don’t know why Disney Vacation Club favors buying back different resorts at different times. So far in 2023, no resorts have been favored as no DVC ROFR buy backs have happened for DVC Resale Experts clients. That means if you place an offer on a resale contract and the seller accepts, you’re on your way to becoming an owner. We’re not exactly sure why this DVC ROFR report is another blank slate but we can take a few guesses.
Buybacks started to slow down in December of last year and came to a total halt in January of 2023. Fortunately for buyers, those buying resale DVC contracts in February of 2023 didn’t have to bother with ROFR buy backs and finding a new contract at all. Even at popular buy back resorts like Disney’s Animal Kingdom Villas or Bay Lake Tower at Disney’s Contemporary Resort. These are typically two resorts to price strategically due to buy backs. This is the first time we’ve seen a period like this since we started covering the Disney ROFR DVC stats in a report like this one each month. We’ve certainly never seen it two months in a row.
We don’t have answers on why Disney Vacation Club is not buying resale contracts back at the moment. The Disney ROFR DVC stats are a look at DVC Resale Experts records and that’s where we draw our conclusions from. Here is some speculation though. There have been a lot of changes at The Walt Disney Company in recent months. Disney talked about hiring freezes even before Bob Iger returned to the CEO position. This no buy back period could be the result of a spending freeze due to changes within the company. It could also be that Disney is not buying back contracts because sales have slowed. There has been a lot of talk about a possible recession, though whether that will actually happen or not it is widely debated. Any of these could be contributing to the halt on DVC resale buy backs.
We don’t know how long this pause on buy backs will last but we will be following closely and keep you updated. If you’ve been waiting to buy a resale DVC contract or add on points, now is the time to make a move. We’ve been in a buyer’s market for a while with plenty of contracts on the DVC resale market at prices you will love. This is a great moment to negotiate with DVC sellers. With buy backs seemingly out of the question for the time being, that makes things a bit easier for buyers as long as that lasts.
ROFR DVC Stats And Pricing Competitively
If you’re interested in buying a contract at a home resort mentioned above that Disney is usually more likely to be a buy back, this might be a good time to put in that offer you’ve been waiting on. If buy backs start up again and you miss this rare window of opportunity, talk to an Expert about pricing your offer competitively. DVC Resale Experts helps buyers reach a number that makes the most sense based on the current DVC resale market. Following buyback trends and high prices paid by Disney Vacation Club continually gives us insight into what is necessary to submit a strong offer and have a contract close for resale buyers. In more normal months, when we’re talking about the per point prices, remember the amount of points on the contract has an affect on that number. Contracts with higher point values typically sell for a little less per point while contracts with less points sell for a bit more per point. This can definitely have an influence on how buyback highs appear to be going. Talk with your expert regarding your specific resort and pricing.
Understanding DVC Numbers And Statistics
Note that ROFR numbers for the month don’t always align perfectly with the numbers in our other monthly series on the DVC average resale price. The closing process usually takes more than thirty days from start to finish. Because of this, details of a contract may be accounted for in different months in these recurring blog post series.
Disney ROFR DVC Meaning
To refresh your memory or fill you in, here’s a reminder of what ROFR stands for and means. The letters ROFR stand for Right of First Refusal. Disney Vacation Club contracts say Disney has the Right of First Refusal, or the first chance, to buy a contract back when a Member chooses to sell DVC points. ROFR buybacks happen during the closing process when a Member is selling a DVC contract. When the seller accepts an offer from a buyer, Disney is able to buy the contract back at the agreed upon rate instead of letting the sale go through.
When Are Disney ROFR DVC Stats Important?
The Right of First Refusal is not as important for someone who is selling DVC points. Sellers make the same amount from a sale if Disney chooses to buy it back because they must pay the rate the seller agreed to sell it for as specified in Disney Vacation Club contracts. The Right of First Refusal is a very important part of the process for those who are buying DVC points. If Disney chooses to buy back the contract during the Right of First Refusal process, the sale does not move forward for the buyer. When this happens, DVC Resale Experts is happy to help the buyer find the next right contract that will make their vacation dreams come true. For sellers, Disney choosing to buy a contract back doesn’t make too much of a difference since the price is the same.
Using ROFR DVC Information
We aim to serve potential buyers with these monthly Disney ROFR DVC Stats. It’s helpful to be informed on recent price trends to place a competitive offer. There is no guarantee a resale transaction will go through but looking at the high prices Disney Vacation Club has paid recently and pricing your bid accordingly can help lower the chances of a ROFR buyback. The resorts Disney Vacation Club is most interested in buying back change at random. Knowing if the home resort you want to buy at has recently been favored by Disney for buybacks is helpful as well.
Count On DVC Resale Experts
DVC Resale Experts is an independent, licensed real estate broker with a team specializing in resale DVC. Our licensed real estate agents are former Disney Vacation Club Guides. That means you can expect pixie dusted service and helpful insight when buying or selling DVC with the Experts. If you have questions throughout the process, you can consult your professional. Get in touch today for next steps or see our resale DVC listings for a look at what’s available right now. Don’t see what you’re wishing for? Join the DVC Resale Experts Buyer Wish List and you’ll be contacted when a contract that suits your vacation needs magically appears on the DVC resale market.