PMYP-111100-BROKERAGE.qxp:PMYP-111000-BROKERAGE.qxp
9/27/11
8:52 AM
Page 113
BROKERAG
TEXT BY JASON Y. WOOD
BREAKING OUT THE LATEST BOAT-SALES DATA FROM YACHT COUNCIL.
Watching and Waiting $1.7M $1.6M $1.5M
$1.467M
$1.453M
$1.4M
$1.464M
$1.3M $1.2M $1.1M
$1.11M
$1.058M
$1M $900K $800K $700K
$884K
$867K
$853K
$834K
$728K
$600K $500K $400K
Q1
Q2
Q3
Q4
Q1
2009
Q2
Q3
Q4
Q1
2010
Q2 2011
AVERAGE SELLING PRICE (USD) FOR BOATS SOLD OVER THE LAST TEN QUARTERS Thanks to well-publicized challenging economic conditions, world financial markets fluctuated wildly as the summer ended, sowing uncertainty. Yet there was optimism. “If we see a little market excitement and a steady run for a few weeks,” says Jim Azzolini of Galati Yacht Sales in Destin, Florida, “we could have a gangbusters Fort Lauderdale show.” 22
9
1,000+ Days
28
500-999 Days
35
200-499 Days 100-199 Days
SOLD!
50-99 Days
Get Lit
1-49 Days
One of the last Viking 53s built, this well-maintained 1997 sportfisherman is powered by twin 1,200-hp MANs. She sold on August 1 after just 40 days on the market.
41
DAYS SPENT ON MARKET FOR BOATS SOLD IN AUG 2011 As inventory of good used boats drops, buyers and sellers play a waiting game. “Each broker has guys waiting to buy,” says Azzolini. “They know the market, they know the deal. It’s just a matter of feeling comfortable making that move.” 113 PMYMAG.COM ❚ November 2011
BLACK YELLOW MAGENTA CYAN
PMYP-111100-113.pgs
09.27.2011
08:52
Photo courtesy of Galati Yacht Sales
49