Yacht Sales Report: Brokerage Sales Rebound in October 2012

Yacht sales were up strongly in October 2012 for brokerage yachts in the United States, with 2,198 boats and yachts reported sold, a 13% increase over yacht sales reported in October 2011 when 1,937 new and used megayachts, powerboats, and sailboats changed hands between boat owners and sellers. Defying the usual seasonal trend in the industry, the yacht sales volume was also a significant increase over September 2012, when 1,962 boats were sold. According to YachtWorld member yacht brokerages firms reporting in SoldBoats.com, a jump in sales of powerboats and sailboats under 55′ was responsible for the majority of the increases.

Despite these gains, slower sales and lower average prices paid among boats over 55 feet actually lowered the total value of sales by 7% compared to October 2011, down from $259 million to $242 million. Sales of smaller boats, which represent the great majority of transactions, were $13.7 million higher, but among the relatively small number of larger boats sold, the aggregate price paid was down $29.2 million. Nonetheless, the total value of sales in October was higher than in September, August, or July.

Particularly notable is the fact that sales of boats in the high-volume end of the market—under 35 feet—were not only higher in October, but the boats were selling at higher average prices.

For boats under 26 feet, sales were up 6 percent, with 575 boats sold, and the total price paid was up 12 percent, at $12.5 million. The average price increased from $20,500 in 2011 to $21,700 in 2012.

Among boats 26 to 35 feet, sales were up 17%, with 879 boats sold, and an aggregate price of $47.1 million, up 23 percent. The average price paid rose from $51,000 to $53,600.

In contrast, the average price paid for a boat sold that was longer 56 feet declined from $1.9 million in October 2011 to $1.3 million. Large variations in price are normal among larger vessels, but downward price pressure still seems to be a factor in the higher end of the market.

Source: John Burnham, YachtWorld’s Editorial Director

Latest News & Events

Beneteau Swift Trawler 50 motoryacht walkthrough video  

July New Boat Sales Report

New recreational boat sales slid slightly in Ju…

Denison Yachting Bimini Rendezvous  

Bimini Rendezvous 2017 Photo Gallery

A memorable time was had by all who attended this…

121' Denison superyacht News sold  

The Ghost of Yards Past: Denison Yachts

The following article appears on SuperyachtTi…

 

Are Trimarans the Future of Yachting?

Adastra was obviously the first large trimaran…

Balearic Mediterranean luxury yacht charter itinerary  

7-Day Balearic Islands Yacht Charter Itinerary

With its tranquil archipelagos, crystal clear…

Hatteras-90-Motor-yacht-for-sale  

Hatteras Launches First 90 Motoryacht

The following appeared on SuperyachtTimes.co…

 

Families Share Memorable Times at Bimini Rendezvous

This year’s Bimini Rendezvous was an adv…

Nantucket Race Week Opera House Regatta Denison  

Denison Onboard at Nantucket Race Week Festivities

Nantucket Race Week is nine days of regattas, aw…

Yacht crew  

How Smaller Yachts Could Lead to Big Careers

The following article appears on SuperyachtNe…

Hatteras sportfish yacht sold by Jay Rhoades  

Hatteras Sportfish Yacht Sold By Denison’s Jay Rhoades

Denison is excited to announce the sale of a 64&#…

142' Superyacht Far From It for Sale Denison Kurt Bosshardt  

Richmond 142′ Motoryacht Walkthrough Video Tour

FAR FROM IT, a 142′ Richmond superyacht bui…

86 Nordhavn yacht for sale Glynn Smith walkthrough video  

Nordhavn Explorer Yacht VIVIERAE Walkthrough Video

VIVIERAE is a top quality explorer yacht that ha…

Site Archives