| Home | Worldwide Yacht Search | Contact Us | Subscribe to RSS Feed | Join Mailing List | Facebook
 
Menu

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

ST37_GL48_EXT_05b  

8 Insider Tips to Sell Your Boat Fast

1. Clutter Kills: Hoarding is not appealing to p…

The new Dufour 382  

First Look :: Dufour 382 Grand Large

We love this shot of the new Dufour 382 Grand Larg…

2015-Top-Workplace-Denison Yachts  

Denison Selected as Sun Sentinel #1 Top Workplace

The Sun Sentinel has announced Denison Yacht Sa…

kevin_frawley_headshot_web  

Yacht Broker Spotlight :: Kevin Frawley

Kevin Frawley is a Florida yacht broker at Denis…

Lake Michigan shipwrecks  

Shipwrecks Revealed in Lake Michigan

A United States Coast Guard crew encountered so…

March SoldBoats Sales  

SoldBoats Report for March 2015

Yacht brokers in the United States reported sel…

Motoryacht Control Panel and GPS  

GPS Backup System Bill

The bipartisan National Positioning, Navigat…

Superyacht-Smartwatch videoworks  

Superyacht Smartwatch Launched

  A superyacht smartwatch was created by int…

Feadship Superyacht  

145′ Feadship Superyacht Moon Sand Launched in Holland

Feadship Yachts launched the custom superya…

Family on Beneteau Boat  

Most Popular Boat Names of 2015 (BoatUS)

BoatUS announced their annual list of Most Popu…

Sales Growth  

Yacht & Boat Dealers Report Sales Growth in March

Yacht and boat dealers saw impressive growth in…

Palma Superyacht Show  

Superyacht Show in Palma Prepares for 2015 Event

The 2015 Palma Superyacht Show is fast approach…

Site Archives

- -
Get Email Updates
Email Newsletter icon, E-mail Newsletter icon, Email List icon, E-mail List icon
For Email Newsletters you can trust