Dec 2011 PMY Brokerage

Page 1

TEXT BY JASON Y. WOOD

BREAKING OUT THE LATEST BOAT-SALES DATA FROM YACHT COUNCIL.

Demand Follows the Dow 300 267

275 250

236

205 194

200 175

215

226 188

182

187

150

162

3/30/10 10,907.42

75

12/31/10 11,577.51

134

130

100

6/30/11 12,414.34

3/31/11 12,319.73

153

125

256

255

215

225

263

249

160 144

134

Dow Jones Industrial Average Close for date given

6/29/10 9,870.30

9/30/10 10,788.05

50

Jan

Feb Mar April May June July Aug Sept Oct Nov Dec Jan

Feb Mar April May June July Aug Sept

2010

2011

NUMBER OF BOATS SOLD BY MONTH THROUGH YACHTCOUNCIL.COM As month-to-month sales show, boat-buyer confidence is tied to the financial markets. “What a seller will take for his boat changes day by day, often due to financial market conditions,” says Crom Littlejohn, a broker at Merle Wood and Associates in Fort Lauderdale. “If he frees up his cash, it allows him to invest it elsewhere.” 1

52

12

Less than $100K $100K-$199K

28

$500K-$999K

SOLD!

$1M-$5M

Ekkoh

Above $5M

This 2006 Ocean Alexander 58 is powered by twin 700-hp Caterpillar C-12 diesels with just 202 hours, and she sold after 201 days on the market.

28

NUMBER OF BOATS SOLD IN SEPTEMBER 2011, BY PRICE Buyers are looking for value—and that means finding newer pre-owned boats. “If I were a guy out looking to buy a boat—looking to own a boat—I’d just start making bona fide offers,” says Littlejohn, “and see who’s going to take my offer.”

78 PMYMAG.COM ❚ December 2011

Photo courtesy of Emerald Pacific Yachts

$200K-$499K

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