U.S. yacht brokerage sales in November gained in total valuation compared to November 2009.
SoldBoats.com reports that yacht brokerage valuations climbed to $388 million, a 76% increase. Total valuation through 11 months of 2011 increased to $2.97 billion, a rise of $500 million from last year.
The market increase was most pronounced for those boats over 55′. Unit sales increased to 77 boats, from 48 in November ‘09, 60% jump, and total valuation of sales increased to $231 million, up nearly 300%.
November unit sales were only 2% higher, with 1,938 boats reported changing hands. That figure exceeded the 5-year average for November by 60 boats, the first time this year that a month’s sales had beaten the average. Year-to-date unit sales have increased 9% over the first 11 months of 2009, with 27,900 boats sold.
Powerboat sales, which are responsible for 80% of the brokerage market, were up 3% (1,504 powerboats sold), while sales of sailboats dropped 3% (434 sailboats sold).
The difference in total valuation of sales was more dramatic, with powerboat valuation up 105% and sailboat valuation down 31%. Year to date, the two market sectors are more closely aligned, with power up 10% in units compared to sailboats, which is up 7%. Most of the gain in valuation, however, has been in powerboat sales, which are up 22 % for the year while sailboat sales are up only 7%.
SOURCE: John Burnham, Editorial Director
Dominion Marine Media.
