Complete Story
 

04/19/2017

March Brokerage Volume Dips, Values Rise

by John Burnham, Yachtworld Editorial Director

YachtWorld logo

U.S. yacht brokerage sales slipped from 2,437 in March 2016 to 2,387 boats in March 2017, a 2 percent decline. However, according to YachtWorld member brokers reporting in SoldBoats, the total value of sales moved substantially in the other direction, climbing from $281.7 to $350.6 million.

The loss in volume was due mainly to a 122-boat decline in the sale of boats under 26 feet long. This was offset somewhat by increases in other categories, especially boats 46 to 55 feet, which rose from 127 boats to 168 boats sold. Small volume increases were also reported among boats 26 to 35 feet and 36 to 45 feet. 

Gains in the price paid for boats were made in all size ranges over 26 feet, with the biggest increase, $26.5 million, coming among boats 80 feet and longer. Boats 56 to 79 feet delivered an additional $16.3 million compared to March 2016, and boats 46 to 55 feet gained in aggregate price by $10.8 million. 

Powerboat sales for the month were down 4 percent, with 1940 boats changing hands. Sailboat sales increased by 6 percent, with 447 boats sold. 

Through the first quarter of 2017, total U.S. sales volume was 5,709 boats, an increase of 3 percent over 2016. The total price paid rose $702 million to $904 million, a gain of 29 percent. 

—John Burnham

 

Note: A version of this article first appeared in Soundings Trade Only Today.




Upcoming Events

 September 2017 
SMTWTFS
     12
3456789
10111213141516
17181920212223
24252627282930
October 10, 2017
8:00AM-3:30PM

YachtWorld Interactive: SoCal

10 CPYB Recertification Credits

Southwestern Yacht Club, San Diego CA

October 12, 2017
8:00AM-3:30PM

YachtWorld Interactive: NorCal

10 CPYB Recertification Credits

Oakland Yacht Club, Oakland CA

October 25, 2017
12:00-1:00PM

YBAA/CPYB e-Seminar

Escrow Agreements

3 CPYB Recertification Credits

November 8, 2017
12:00-1:00PM

YBAA/CPYB e-Seminar

AMI Kids Donations

3 CPYB Recertification Credits

November 15, 2017
12:00-1:00PM

CPYB Only e-Seminar

Co-Brokerage Process: How to Survive It

3 CPYB Recertification Credits

November 21-22, 2017

Boating BC Conference

10 CPYB Recertification Credits

Pacific Gateway Hotel, Richmond, BC

December 6, 2017
12:00-1:00PM

YBAA Principals e-Seminar

Mark Your Calendar

3 CPYB Recertification Credits

December 13, 2017
12:00-1:00PM

CPYB Only e-Seminar

Selling Yachts in Snowy Conditions

3 CPYB Recertification Credits

View all