Complete Story
 

06/22/2017

Values Climb as Volume Declines

by John Burnham, YachtWorld Managing Editor

YachtWorld logo

Year-over-year sales volume declined for U.S. yacht brokerages from 3,302 to 3,088 boats sold in May—the third successive month of lower sales. According to YachtWorld member brokers reporting in SoldBoats, sales were down compared to May 2016 by 184 powerboats and 30 sailboats, which were similar results on a percentage basis, 7 percent and 6 percent lower, respectively.  

In contrast to those market losses was increased value of sales—a $67 million gain in the price paid for boats during the month, from $405 million to $472 million. That increase almost exactly matched the gain in value of superyachts sold during the month ($66.6 million). But pricing held up better in other segments, too.  

Among smaller boats, 45 feet and shorter, sales volumes declined for the month yet average prices increased, especially among boats under 26 feet, rising from $25,921 to $29,357, up 13 percent.  

Average prices increased in every segment except among boats 46 to 55 feet, which were down 1 percent.  Conversely, that size range showed the best sales growth, gaining 3 percent with 214 boats sold. 

A cold wet spring in some parts of the country likely played a role in May’s results. Regional variations in sales were reported; for example, brokers in Florida bucked the trend, selling 3 percent more boats in May 2017 than May 2016.  

Year to date through May, sales were down nationally by 1 percent, with 11,641 boats sold. The total value of sales increased by 11 percent, on sales of $1.74 billion.  

—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