Buyers
For buyers, sale prices are still the lowest they have been in years; boats are still selling at ridiculously low prices. Prices are holding their own and show some signs of rising.
Sellers
The number of boats sold by U.S. yacht brokerage firms declined 4 percent in 2011, compared to 2010, yet for the same time period, the total value of the boats sold rose 33 percent.
Reporting in SoldBoats.com, YachtWorld.com member brokerages tallied U.S. sales of 29,363 boats in 2011 compared to 30,604 in 2010. Despite selling fewer boats than a year ago, the total value of completed sales rose $72 million over 2010.
To get a boat sold in this economy requires a irresistible price for a buyer; they must think of it as one too good to turn down. The buyers out there know it’s a buyer’s market and will shop until they find a boat they feel is a deal.
Prices are holding steady with sales coming in about 10% off of asking prices.
