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Hurricane Boat Market in S. Florida?
I'm looking for my next project boat, and am wondering how the hurricane boat market is in S. Florida? Are there many boats left, or is the inventory pretty much cleaned out now?
I have a lead on a 46' yawl that lost the mizzen mast during Katrina, has a bent centerboard, shredded headsail and miscellaneous other damage. I came across this by accident -- I was researching this boat model and came across this individual's webpage for his boat. I e-mailed him and a few days later he responded with a link to his brand new for-sale listing. It sounds like he hasn't touched it since the storm, leading me to think he never even tried to sell it before now. Maybe he figured no one would want it?
On the other hand, his asking price is above what the BUC guide gives for this model in "bristol" condition, or about 5-10 times what (I think) it might be worth.
So, I was wondering if the market for broken boats in South Florida is a buyer's market or seller's market?