Issuu on Google+

TEXT BY JASON Y. WOOD BREAKING OUT THE LATEST BOAT-SALES DATA FROM YACHT COUNCIL. Is Now the Time to Buy? 370 358 360 350 346 350 340 327 330 320 311 321 321 310 295 300 287 290 289 280 277 270 260 250 Q1-2009 Q2-2009 Q3-2009 Q4-2009 Q1-2010 Q2-2010 Q3-2010 Q4-2010 Q1-2011 Q2-2011 Q3-2011 AVERAGE DAYS ON MARKET FOR SOLD BOATS OVER THE LAST 11 QUARTERS Time on market is a gradually changing indicator. Though moving in the right direction, it varies by market segment. “Motoryachts have been more sought after than convertibles,” says Tom Horvath, a sales executive with Allied Marine/ Ferretti Group in Fort Lauderdale, Florida. “Motoryachts and express cruisers are more in demand to sell right now.” 6 69 $5M+ 23 $1M - $5M $500K - $1M 38 32 $200K - $500K SOLD! $100K - $200K ODD Man Blue Less Than $100K BOATS SOLD BY PRICE FOR OCTOBER 2011 “All boats are selling if the price is right,” Horvath says. “Some sellers are willing to bite the bullet and go ahead and take a lower price, especially if they’re looking at a larger boat, because they know they’ll get it back on the purchase.” This 2005 Bertram 51 convertible sportfisherman is powered by a pair of 1,360-hp MAN diesels that push her to a top speed of 37 knots. She sold on October 4, 2011. Photo courtesy of Allied Marine 12 68 PMYMAG.COM ❚ January 2012 PMYP-120100-R1-BROKERAGE.indd 68 BLACK YELLOW MAGENTA CYAN 11/22/11 4:00 PM PMYP-120100-068.pgs 11.22.2011 16:02

PMY Jan 2012 Brokerage

Related publications