6 out of 10 contracts at the 2042 Disney Vacation Club resorts were buybacks in February 2022. 71% of points at 2042 resorts were buybacks.
Disney's Old Key West Resort
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.
Median private resale prices were flat to up in February across most resorts. Prices vary month to month due to a variety of factors including contract size which may have contributed to this trend.
Two exceptions were Disney's BoardWalk Villas and Disney's Beach Club Villas which saw median price increases driven by increased buyback activity. The value buyers ascribe to BoardWalk and Beach Club contracts does not appear to have changed significantly. Disney Vacation Development is buying back at a higher volume which means many of the lower priced sales that would have been recorded as resale purchases now appear as buybacks. Removing these data points from the resale pool artificially inflates the resale summary metrics. This has been affecting pricing reports since mid-2021 and was highlighted previously with December 2021 sales.
Resale prices for Disney’s Riviera Resort continue to fluctuate. Useful conclusions remain elusive with only 79 total contracts sold in 2021 and 20 in 2022. The long range resale value of Riviera is unlikely to be settled anytime in the near future.
In total, 52k points across 392 private sale deeds were recorded in February 2022 with the Orange County (FL) Comptroller, a decrease of 13% over the prior month. This number was lower than the 132k direct points sold for the same resorts.
Disney Vacation Development’s buyback activity in December suggests the maximum buyback price was flat across most resorts. The two exceptions were again BoardWalk and Beach Club which all saw increases in their maximum buyback price coincident with higher buyback volumes.
Buyback volume increased overall by 4% to 53k points. The biggest individual changes in buyback volume were focused at three of the four 2042 resorts: Disney's Old Key West Resort with a 84% increase to 13k points, BoardWalk with a 49% increase to 6.4k points, and Beach Club with a 29% increase to 5.2k points. Decreases in buyback volume were seen at Boulder Ridge Villas at Disney’s Wilderness Lodge with a 40% decrease to 2.5k and Disney’s Animal Kingdom Villas with a decrease of 41% to 4.9k points.
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 $120 each at resorts like Disney’s Animal Kingdom Villas and BoardWalk. Disney then sells the points to new buyers, with published prices currently $200 each for Animal Kingdom and up to $230 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 (84% of recorded points) for a maximum price of $132 per point. The other 2042 resorts saw 52% to 67% of their recorded volume as buybacks. Across all Walt Disney World resorts, 51% of points (53k points across 306 buyback deeds) were recorded in February 2022. 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 outpaced direct sales for five resorts in February 2022: Old Key West, BoardWalk, Boulder Ridge, Beach Club, and Disney's Saratoga Springs Resort. In the first two months of 2022, DVD reacquired 21k points at Old Key West, 11k points at BoardWalk, 6.6k points at Boulder Ridge, 9.2k points at Beach Club, and 31k points at Saratoga Springs. Direct sales at those five resorts totaled 9.4k, 6.2k, 1.4k, 2.8k, and 14k points respectively through February 2022.
At dvc.market, there are resources including additional market data, pricing regression analysis, and a DVC listing search engine--featuring 13 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