Sales of brokerage yachts in the United States fell 1% in August 2012, to 2,731, from 2,745 in the same month a year earlier and the value of those sales declined by 7% from $259 million to $240 million.
A drop in sailboat sales was responsible for the decrease in the number of boats changing hands, but lower-priced powerboat sales accounted for almost all of the decline in aggregate value, according to reports by YachtWorld.com member brokerages in their proprietary database, SoldBoats.com.
Powerboat sales were up 1%, from 2,220 boats to 2,237 boats, but the pricing of those boats was down from $220 million to $202 million. Sailboat sales were off 6%, with 494 boats sold, but the total value of those sales was down less than $1 million, from $38.4 million to $37.8 million.
The average sale price for a sailboat actually rose by $5,000, to $78,000, between August 2011 and 2012, and the average powerboat price fell by $9,000, to $90,000.
By length, yacht brokers saw the most improvement in the 26- to 35-foot category, where 1,121 boats were sold, up 2% from 1,095 a year earlier. The aggregate price paid was 7% higher, up from $55 million to $59 million. Boats 36 to 45 feet showed similar gains, up 1% in volume with 596 boats sold, and 12% in value, with $76 million in transactions.
Aggregate prices were lower in all larger-size categories, particularly among boats 56′ to 80′, where 52 boats and yachts were sold. That was 7 fewer than in August 2011, bringing in $27 million, 44 percent less than the $49 million in total sales a year earlier.
Declining in sales and aggregate value for the first time in 2012 was the under-26-foot category, down 6% in sales and 6% in total yacht value, with 810 yachts and boats sold for $16 million.
Source: John Burnham, YachtWorld.com Editorial