There seems to be more activity, even taking into account summer.
Almost all the boats on my watch list have recently been sold and some of these have been on the market for several years!
People are taking on total restoration projects and even those suspicious cedar strip composite cruiser/racers are moving.
Is this my imagination or is the market as flat as ever ?
A
Select to expand quoteAndrew68 said..
There seems to be more activity, even taking into account summer.
Almost all the boats on my watch list have recently been sold and some of these have been on the market for several years!
People are taking on total restoration projects and even those suspicious cedar strip composite cruiser/racers are moving.
Is this my imagination or is the market as flat as ever ?
A
To really gain an insight into how the market is performing it would be helpful to know from all the boats on your watch list ....
1.The total age of the listing (the length of time the ad ran for)
2. The original start price, also taking note if there were any price reductions during the listing period
3. This is the really hard bit ....... Finding out for how much it eventually sold for at the time of sale
Possibly all the boats sold below their listed price but unless you know how much below it is then difficult to know how desperate the sellers were.
Select to expand quoteAndrew68 said..
There seems to be more activity, even taking into account summer.
Almost all the boats on my watch list have recently been sold and some of these have been on the market for several years!
People are taking on total restoration projects and even those suspicious cedar strip composite cruiser/racers are moving.
Is this my imagination or is the market as flat as ever ?
A
I own a cedar strip composite cruiser racer - can you help me understand when it becomes suspicious? Any evidence welcome!
Select to expand quoteAndrew68 said..
There seems to be more activity, even taking into account summer.
Almost all the boats on my watch list have recently been sold and some of these have been on the market for several years!
People are taking on total restoration projects and even those suspicious cedar strip composite cruiser/racers are moving.
Is this my imagination or is the market as flat as ever ?
A
The lovely 35 foot cedar strip composite yacht built by McConaghy in Tasmania is still for sale. I've been hoping some one would buy it and remove the temptation!
The cedar strip Cole 34 "Tactical Response" is still for sale too. A lot of boat for the money.
Most boats on the market are of a hull and a bucket of bolts.
It depends on how well the hull was constructed and how well them bolts where installed and have lasted.
media is currently promoting people to sell there houses and live the ocean boating life.
I have a Mustang 3200LE for sale. It has been on the market now for 18 months maybe closer to 2 years. Here is my experience.
People who were not particularly influenced by the economy (here in WA with the slow down of the mining) and were in the market for boats in the $150k plus range bought what they wanted. They generally did ok if they waited for a motivated seller. But in my observation, the sellers in that range did not move much because the market was still sort of there.
Sellers in the $50 - $150k range (me) are struggling to sell. The cashed up miners who might of been in that market have gotten a little nervous with the economy and they are eying off the larger trailer boats in the $30k - $50k range, giving the trailer boat market a little bit of movement.
( I am not a broker. This is just my opinion from trying to sell a 32 foot cabin cruiser )
Now, my cruiser originally went on the market for $89K. I was getting offers for around the $40k mark. Mostly from eastern state buyers looking to 'flip' boats. I knew that happened with houses, but not with boats. Go figure... Apparently they have doing ok with that technique.
The current price for my boat is $67K. Even at this price it sat with only maybe one or 2 viewings in 8 or nine months. But know it has apparently become one of two of the highest viewed boats on 2 different brokers books. The big difference is that the offers that are being put on it now tend to be from 'private' syndicates. People are getting a little smarter with their boating money.
I now also have an Oceanis 473 and the broker knows it. I suspect that he uses that to get a buyer to lowball any knew offers. Yes he is suppose to work for me, but he doest get a dime until a boat sells so it is still in his best interest to get something rather then nothing. I feel brokers are really struggling at the moment. I have my rock bottom price and it is almost there. I knocked back two offers just this weekend. I won't be giving it away.
So I think the market is starting to move. Still a little slow and It is just in a different direction to what we have seen five or so years ago.
There is a broker that frequents other areas of this forum (JB) who from time to time sticks his head in here. I am sure he will give his perspective the he sees this....
Select to expand quoteConcepcion said..Andrew68 said..
There seems to be more activity, even taking into account summer.
Almost all the boats on my watch list have recently been sold and some of these have been on the market for several years!
People are taking on total restoration projects and even those suspicious cedar strip composite cruiser/racers are moving.
Is this my imagination or is the market as flat as ever ?
A
I own a cedar strip composite cruiser racer - can you help me understand when it becomes suspicious? Any evidence welcome!
Yep me too! I would think cheap production boats build quality would be much more questionable. Custom built boats have far more attention to detail than the average production boat. I'm more than happy with mine.
Select to expand quoteDexport said..Concepcion said..Andrew68 said..
There seems to be more activity, even taking into account summer.
Almost all the boats on my watch list have recently been sold and some of these have been on the market for several years!
People are taking on total restoration projects and even those suspicious cedar strip composite cruiser/racers are moving.
Is this my imagination or is the market as flat as ever ?
A
I own a cedar strip composite cruiser racer - can you help me understand when it becomes suspicious? Any evidence welcome!
Yep me too! I would think cheap production boats build quality would be much more questionable. Custom built boats have far more attention to detail than the average production boat. I'm more than happy with mine.
Horses for courses. I am more than happy with my production tub. I wouldn't of bought it if I wasn't.
Select to expand quoteAndrew68 said..
There seems to be more activity, even taking into account summer.
Almost all the boats on my watch list have recently been sold and some of these have been on the market for several years!
People are taking on total restoration projects and even those suspicious cedar strip composite cruiser/racers are moving.
Is this my imagination or is the market as flat as ever ?
A
give me cedar strip over foam core any day stiff light and durable epoxy construction,even though i don't own one (except a dingy )
Im up at Rosslyn bay marina at the moment, the marina is over halve empty and there seems to be heaps of boats for sale, the mining downturn has definitely affected this place
