November 2021 Private Sale Prices and Volumes Flat

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.

The most significant change in median private resale price from October was an increase of $6 per point from $158 to $164 per point for Disney's Beach Club Villas.  However, this price change was driven by fluctuations in contract sizes and not by underlying increased value at Beach Club.  As mentioned previously, smaller contracts generally attract a premium and can skew monthly market summary metrics.  

The remaining resorts had minor variations in pricing.   

Resale prices for Disney’s Riviera Resort continue to fluctuate. Useful conclusions remain elusive with only 72 total contracts sold in 2021, seven of those during the month of November.

In total, 57k points across 419 private sale deeds were recorded in November 2021 with the Orange County (FL) Comptroller, a minor increase of 2.7% over the prior month. This number is lower than the 97k direct points sold for the same resorts.

Disney Vacation Development’s buyback activity in November suggests the maximum buyback price remained flat across all resorts except Bay Lake Tower at Disney's Contemporary Resort which increased by $47 per point from $108 to $155 per point and Boulder Ridge Villas at Disney's Wilderness Lodge which increased by $28 per point from $76 per point to $104 per point.  The Villas at Disney's Grand Floridian Resort resumed buyback activity after a one month pause with a single 60 point contract at $160 per point.  Disney's Polynesian Villas and Bungalows was the only resort (not being actively sold) with no buyback activity in November.  

Buyback volume decreased overall by 11% to 54k points.  While below the 58k points of private resale activity for the month, it does remain a similar volume.  Disney Vacation Club has been pursuing buybacks directly with owners which likely contributed to this.  The biggest individual change in buyback volume was a reduction of 20% at Disney's Saratoga Springs Resort.  Saratoga Springs, Disney's Old Key West Resort, and Disney’s Animal Kingdom Villas remained the top three resorts with buyback 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 Disney’s Animal Kingdom Villas and Disney's BoardWalk Villas. Disney then sells the points to new buyers, with published prices currently $186 each for Animal Kingdom and up to $210 for BoardWalk.

Old Key West remains a target of buybacks with DVD exercising its Right of First Refusal on a significant portion of recorded sales (76% of recorded points) for a maximum price of $128 per point. Across all Walt Disney World resorts, 48% of points (54k points across 295 buyback deeds) were recorded in November 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.

Disney Vacation Development’s buyback activity currently outpaces direct sales for at least two resorts: BoardWalk and Bay Lake Tower. In 2021, DVD has reacquired 32k points at BoardWalk and 34k points at Bay Lake Tower. Direct sales at those two resorts totaled 22k and 32k points respectively from January to November 2021.

 At dvc.market, there are resources including additional market data, pricing regression analysis, and a DVC listing search engine--featuring 12 well 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