SailNet Community - View Single Post - "Buyer's Market" - any data to back it up?
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post #8 of Old 10-01-2008
PalmettoSailor
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I can tell you that there are at least a dozen boats with the same asking price listed on Yachtworld from when I saw them over 1 year ago. Some that I expressed interest in if the price were more in line with book values.

Clearly, if you really want to sell a boat in this environment it better be a rare gem, or you best lower your expectations.

Yesterday, I heard a news article that home values have slipped 16%. Not sure if that is a national average but it has to indicate which way boat prices have moved. On a personal note I calculated my life savings has decreased 23% since June when I bought my boat. That probably would have taken me out of the markert if it had happened before I signed on the dotted line. No doubt there are many feeling the same thing as the market takes away years of gains.

PalmettoSailor
s/v Palmetto Moon
1991 Catalina 36
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