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Old 12-31-2004
DaveB. DaveB. is offline
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Asking vs Selling price

Does anyone have any real information on this topic? Like, for instance, a broker, or anyone else, who has seen the asking price and selling price of 20 or 50 or 100 boats and can give some idea of the average--or mean--difference? Or even anyone''s individual buying or selling experience? We all know that ''it depends.'' But averages, or industry trends/tendencies, can be useful information to a buyer going into a transaction.

There''s a thread here called "Blue Book Values" (or something like that), where NADA says they use reports from their "industry advisors" or some b.s. like that... Brokers who have actually seen sales figures. They give the value of a 1975 Islander 36 (for instance) as $23,000. The average asking prices of Islander 36''s on Yachtworld is 150-200% above that. That''s a VERY big fudge factor! Markets work best when they''re efficient, and to be efficient they need to be transparent. We need information! Where to get it?!

Dave.
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