PMYP-111000-BROKERAGE.qxp:PMYP-111000-BROKERAGE.qxp
8/24/11
9:01 AM
Page 96
BROKERAG
TEXT BY JASON Y. WOOD
BREAKING OUT THE LATEST BOAT-SALES DATA FROM YACHT COUNCIL.
Time on Sale Falls 370
358
360
350
346
350 340
327
330 320 310
321
311
321
295
300
287
290 289
280 270 260 250 Q1-2009
Q2-2009
Q3-2009
Q4-2009
Q1-2010
Q2-2010
Q3-2010
Q4-2010
Q1-2011
Q2-2011
AVERAGE DAYS ON MARKET FOR SOLD BOATS OVER THE LAST TEN QUARTERS What does it mean when time on the market begins to drop for yachts sold through yachtcouncil.com? “A lot of boats that would normally come onto the market after being one to three years old never got built,” says Steve Moynihan of HMY Yacht Sales [(561) 775-6000; www.hmy.com]. “There’s a definite shortage of late-model pedigreed product.”
SOLD! 21 6
$5M & Up
68
$1M-$5M $500K-$1M $200K-$500K $100K-$200K 56
81
Less Than $100K
Number of yachtcouncil.com-listed yachts that closed in July 2011, by selling price. Sixteen percent of the total (40) had incomplete sales data so final prices were estimated using the average discount from sales for the month.
Life of Riley A 2008 Fleming 65 powered by twin 800-hp MANs, she sold on July 11 after just 301 days on the market. Her former owner has moved up to a brand-new Fleming 78.
96 PMYMAG.COM ❚ October 2011
BLACK YELLOW MAGENTA CYAN
PMYP-111000-096.pgs
08.24.2011
09:10
Photo courtesy of Chuck Hovey Yachts
PRICES FOR JULY 2011
20