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post #1 of 20 Old 02-21-2008 Thread Starter
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North American Market

Does anyone have any statistics to support whether or not the price of used sail boats has declined in the past year in North America? Is this a good time to buy? The housing market is obviously in decline in the US but is this having an affect on boat prices?
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post #2 of 20 Old 02-21-2008
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Casual observation hasn't noted any real difference in asking prices, and the people most hurt by the housing situation are ones unlikely to have boats. The only plus about buying a boat in the US, if you are foreign, is the weak dollar.

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post #3 of 20 Old 02-21-2008
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My broker recently informed me that things are very slow and that a number of brokerages have closed shop in the last 6 months. I can't say that this has resulted in lower prices...over time it must...and I recently lowered my price based on the broker's comments. From a Canadian standpoint...the 15% or so devaluation of our currency has to look pretty attractive!

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post #4 of 20 Old 02-21-2008
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Originally Posted by camaraderie View Post
My broker recently informed me that things are very slow and that a number of brokerages have closed shop in the last 6 months. I can't say that this has resulted in lower prices...over time it must...and I recently lowered my price based on the broker's comments. From a Canadian standpoint...the 15% or so devaluation of our currency has to look pretty attractive!
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post #5 of 20 Old 02-21-2008
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Although I am not a broker or dealer, I have been studing the market for 2 years and it takes a lot longer for good boats to sell. When I bought my present boat in 2004 I spent about a year studing the market and climbing around many boats. Back then many of the boats I looked at sold within 30 days, when I saw my Pearson 28 I made an offer on it the next day so I won't lose out. Of the hundreds of boats I have been watching none sold in 30 days. I'm looking at the $50-100k range today where in 04 it was 15-25K so its a little of apples and oranges. This is a great question.
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post #6 of 20 Old 02-21-2008
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Although I am not a broker or dealer, I have been studing the market for 2 years and it takes a lot longer for good boats to sell. When I bought my present boat in 2004 I spent about a year studing the market and climbing around many boats. Back then many of the boats I looked at sold within 30 days, when I saw my Pearson 28 I made an offer on it the next day so I won't lose out. Of the hundreds of boats I have been watching none sold in 30 days. I'm looking at the $50-100k range today where in 04 it was 15-25K so its a little of apples and oranges. This is a great question.
CPUBob -- Welcome to Sailnet. Always good to see another Pearson owner on here. I get tired of defending the honor of Bill Shaw all by myself. Plus, I think I know you. There can only be one CPUBob with a P-28. If you wonder who this is, it's your "inner voice" calling.

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post #7 of 20 Old 02-22-2008
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I spoke to a broker that sells motor yachts and he advised me that the Miami boat show was a great success for him. He took orders for $10,000,000. He said he feels good about closing 1/2 of it. Another broker that sells small fishing boats said it was the best show ever as far as volume of boats sold for the company.
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post #8 of 20 Old 02-22-2008
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I think we need to remember there are different economic segments of boat buyers: for example, someone who will spend $5m for a motor yacht and without hesitation take it to the fuel dock and drop $10k, versus someone who can just afford a $50k boat and is reluctant to spend $200. Also, I think there is much more constant "money" in the power boat market, especially the high end, than the sail boat market.

Last edited by max-on; 02-22-2008 at 03:22 PM.
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post #9 of 20 Old 02-22-2008
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One tool you may not be aware of is Boat US Valuation Services. Free to members, this allows you to call their 800 number and describe the boat and they will provide a valuation estimate based on recent sold history as well as recent surveyed values. I have inquired about several late model boats and found the service to be useful. Seems to be a great buyers market opportunity now, but who knows if we are at the bottom now? Getting close now versus holding off might be a way of capturing most of the price decline without missing the opportunity. On the other hand, things could get a lot worse.

Good Luck,

121Guy
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post #10 of 20 Old 02-22-2008
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Different geographic areas will have different results, Miami is in Florida and that is a boaters paradise so strong sales may be the norm, other areas may not be so fortunate. The NMMA provides boating statistics and last time I looked sailboats were not a growth segment. The growth is largely in the towable outboard power boat segment. Instant gratification! The second biggest growth I read about was in the human powered craft like Kyacks & canoes, some folks just want to get back to the basics. I have also been following a single particular boat for sale as I was once interested - it was listed for sale August 2006 and has since been reduced by several thousand and the Can $ has gained making it more affordable but it is still for sale just across the 49th - tempting... Those with the extra disposable income are in the market but they are buying up in the higher price market. Prices for used boats may be remaining stable but considering how long they have to wait to sell offers could be all over the map.Who knows what the final price is but one can be sure it is much less than asking price.
The latest news I read was the growth in adventure travel, people seem to want to live the experience so it must be physical, include natural suroundings and contain a cultural element to qualify. Hmmm, sounds like sailing to me.
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