Yacht Brokerage Sales Slightly Up in February 2015

The yacht brokerage market improved in February2015 as 1,652 boats and yachts were reported sold, 85 more than the month before, and a 3% increase from January 2014 according to SoldBoats.com. The total value of boats sold was $208.6 million, a 1% increase from the previous February.

Powerboat sales accounted for volume and value gains as 1,357 boats were sold, a 4% increase. The total value of powerboats sold was $184.3 million, a 2% rise. By comparison, sailboat sales declined 4 percent to 295 and the total value was down 7% at $24.3 million.

Superyacht sales volume (boats larger than 80′ in length) was nearly level with 14 megayachts sold, but the aggregate price paid for boats of this size declined 48% from $55.9 million to $29.2 million. By contrast, the rest of the yacht brokerage market showed a 19% increase in total value with $180 million changing hands, up from $151 million last February.

The number of boats sold was higher or the same in every size range except the 36- to 45-foot category, which showed a 3% decline with 334 boats sold. The mid-range category was also the only market segment other than superyachts to report a decrease in the total value of sales, a decline of 16% on sales of $40.7 million.

Although sales of boats smaller than 35′ were about the same, strong gains were made in the larger-yacht categories. Among boats 46 to 55‘, sales increased 47% with 125 boats sold and, among boats 56 to 79‘, sales were up 17% with 49 sold. The total price that was paid increased in both segments, climbing 83 percent to $39.4 million for boats 46 to 55′ and 53% to $49.2 million for those 56 to 79’.

Source: TradeOnlyToday