TEXT BY JASON Y. WOOD
BREAKING OUT THE LATEST BOAT-SALES DATA FROM YACHT COUNCIL.
Comfort Level in Question $1.6M $1.5M
2011
$1.4M
2010
$1.3M
2009
$1.2M $1.1M $1M $900K $867K
$800K
$831K
$700K $600K $500K
Q1
Q2
Q3
Q4
AVERAGE PRICE OF YACHTS SOLD ON YACHTCOUNCIL.COM BY QUARTER Less confident buyers are spending less money. “The people who would normally be buying a $3 million boat are buying a $1 million boat,” says Bill Walczak of Walczak Yacht Brokerage Service in Annapolis, Maryland. “The boat is a tool to go cruising with family. They seem to be thinking: ‘If you can get the right tool for $400,000, why spend $1.4 million?’” 27
1 - 49 Days
11 24
50 - 99 Days
100 - 199 Days
22
38 39
500 - 1,000 Days 1,000+ Days
TIME ON SALE OF YACHTCOUNCIL.COM SALES IN NOV. 2011 “Average days on the market should trend down as sellers realize that the prices of five years ago are probably not coming back,” says Jeff Stanley, president of Gilman Yachts in Fort Lauderdale, Florida. “Buyers should take advantage of lower prices that caused them to sell for less than they thought their boat would bring.”
Sold!
Odyssey This 2004 Symbol 56-foot pilothouse motoryacht is powered by twin 700-hp CAT diesels. She cruises at 16 knots and has extended range thanks to her optional 950-gallon fuel capacity.
Photo courtesy of Walczak Yacht Brokerage Service
200 - 499 Days
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