Join Date: Feb 2000
Location: Annapolis, Md
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Re: The Search Widens Before it Narrows
I think the window on dropping prices seems to be closing. By and large, the models that I have been tracking seem to be selling pretty steadily again at prices that have not dropped in a year or so. The brokers who I talk to frequently tell me that things have really picked up with the inventory of decent boats greatly diminished and even less desirable boats actually selling and so on. They had no problem telling me that things were really slow when things were really slow so I believe them. One told me that he had a bidding war on a boat that had been on the market for nearly two years at the same asking price and sold above its asking price.
It may be a buyers market in that boat asking prices are down perhaps 25% from a three four years ago, but it does not seem as easy to get a bargain as it was last year.
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Curmudgeon at Large- and rhinestone in the rough, sailing my Farr 11.6 on the Chesapeake Bay