The first buyback of a contract at Copper Creek Villas and Cabins at Disney's Wilderness Lodge occurred in June 2021. A total of four contracts were recorded as Right of First Refusal buybacks, each for $140 per point.
While no formal announcement has been made, Copper Creek Villas was removed from direct purchase incentives on 13 May 2021 which is an indication that the resort has reached a sold-out status. Disney Vacation Development buying back contracts is another sign of sold-out status.
Data from private sale deeds transfers in June 2021 show resale median pricing rising for most of the resorts by $4-5 per point or 3-5%. The only resort with no change to median pricing was The Villas at Disney's Grand Floridian Resort & Spa which remained flat at $180 per point.
Median prices represent the midpoint of all transfer values for each resort and period in question. Transactions occurred at rates both higher and lower than the median, as illustrated in the chart below.
Disney's Saratoga Springs Resort & Spa had a more significant median price increase of $9 per point. The direct base price for Saratoga Springs increased from $165 to $180 per point on 27 May 2021 which is likely driving the value increase in the resale market.
Resale prices for Disney’s Riviera Resort continue to fluctuate. Useful conclusions remain elusive with only 35 total contracts sold in 2021, ten of those during the month of June.
In total, 103k points across 653 private sale deeds were recorded in June 2021 with the Orange County (FL) Comptroller, an increase of 34% from May. This number is comparable to the 134k direct points sold in June for the same resorts.
Disney Vacation Development’s buyback activity in June suggests the maximum buyback price increased by $8 per point at Disney’s Animal Kingdom Villas to $118 per point and $6 per point at Saratoga Springs to $116 per point. The remaining resorts had small fluctuations in maximum buyback prices but were generally flat from May. Buyback volume was up overall by 23% to 29k points with Grand Floridian, Disney’s Old Key West Resort, Disney's Beach Club Villas and Bay Lake Tower at Disney's Contemporary Resort experiencing minor decreases in activity.
Exercising its Right of First Refusal to buy back points can be a profitable venture for DVD. As the above price range data illustrates, DVD is frequently able to reacquire points for under $110 each at resorts like Animal Kingdom Villas and BoardWalk. Disney then sells the points to new buyers, with published prices currently $186 each for Animal Kingdom and $210 for BoardWalk.
Old Key West remains a prime target of buybacks with DVD exercising its Right of First Refusal on a significant portion of recorded sales (39% of recorded points) for a maximum price of $105 USD per point. Overall, 21% of points (29k points across 128 buyback deeds) were recorded in May 2021. In the case of Old Key West, Disney is able to re-acquire contracts slated to end in 2042 and bundle them with the resort’s 15-year extension.
The price range data at the top also includes listing prices (green). Listing prices generally outpace prior sales but ultimately buyer interest will dictate market value.
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Disney Vacation Development’s buyback activity currently outpaces sales for at least three resorts: Old Key West, BoardWalk, and Bay Lake Tower. In 2021, DVD has reacquired 58k points at Old Key West, 20k at BoardWalk, and 27k at Bay Lake Tower. Direct sales at those three resorts totaled 55k, 11k, and 17k respectively from Jan to Jun 2021.
At dvc.market, there are resources including additional market data, pricing regression analysis, and a DVC listing search engine--featuring 11 well established brokers who specialize in Disney Vacation Club timeshare ownership transfers.
Chris Dantès is a contributor to DVCNews.com and has been a Disney Vacation Club owner since 2020 at Disney's Riviera Resort. You can find Chris posting on many Disney forums under the username i<3riviera.