YachtWorld Report Shows Robust 2011 Yacht Sales in Florida

Data released today by YachtWorld.com shows that Florida member yacht brokers sold boats in 2011 with an aggregate price nearly equal to that of boats sold in the rest of the United States. The YachtWorld Market Index showed that although Florida brokers accounted for fewer than 20% of the brokerage boats sold nationwide, their sales netted 47 percent of the value of all sales in the country.

Other key findings of the YachtWorld Market Index include:

• Combined yacht brokerage sales in Europe and the United States were $5.34 billion in 2011, up from $5.25 billion in 2010.

• The number of brokerage boats and yachts sold in the United States was down 3%, compared with 2010, and the aggregate value of the sales was up 3 percent, to $3.3 billion.

• The number of brokerage boats sold in Europe was down 2 percent, compared with 2010, and the aggregate value of the sales was down 1 percent, to $2.03 billion.

“We study our member brokers’ sales data in SoldBoats.com every month,” YachtWorld.com editorial director John Burnham said in a statement. “When we analyzed the data at the end of the year for this issue of the market index, even we were surprised how much sales of premium yachts drove the total value of sales higher in 2011. It also benefited brokers working in regions like Florida and southern Europe where most of these vessels are sold.”

The report is published by YachtWorld.com, which offers boats for sale by more than 10,000 individual yacht brokers in 143 countries.