YachtWorld has released its first Soldboats Report for 2017, and it is a bit of good news for the industry. According to the January 2017 Report, US brokerage sales saw a slight increase in overall sales volume in January, and a major gain in the total price paid for the boats that were sold; both indicators that 2017 has started out on the right foot!
The report stated that brokerage volume rose 5% as compared to the same month in 2016, and total value increased by a resounding 62%, with 1,585 boats selling for a total of $323.3 million. Not only was that number a significant increase from January of last year, the dollar value was some $80 million more than any other January in the last five years!
The report went on to say that it was Superyacht sales that drove most of the increase in value. Seventeen boats, 80 feet and above, changed hands during the month for a combined total of $131.6 million, as compared to 11 boats in that size range that sold in the previous January for $20.4 million.
Winner and Losers
Most of the volume gains were in the 26- to 35-foot grouping, where unit sales increased from 527 boats to 593, a 13-percent lift. Sales volumes also increased incrementally among boats under 26 feet, up 3 percent, and 46 to 55 feet, up 6 percent. The value of the boats sold increased by double-digit percentages in all size ranges below 56 feet, especially among boats 26 to 35 feet, which gained 41 percent, from $29.5 to $41.6 million.
The lone category with lower values, 56 to 79 feet, experienced a 17 percent drop in sales volume and a 27 percent decline in total value.
Prices Reduced on Pre-Owned Luxury Yachts!
The fact that the year is starting off so well, with such an increase in total value, means prices are bound to continue to rise. So, if you are, in the market for a luxury motor yacht in that over 80 foot size range, now is a great time to take advantage of some of our Miami Boat Show price reductions.
We are showcasing a few unique luxury motor yachts at Yachts Miami Beach. Why not cruise on over and check out: Ti Punch, the incredible, recently reduced, Outer Reef that is unlike any Outer Reef yacht you have ever seen before, Big E, a prime example of Ocean Yachts’ reputation for beauty and power, and one of our latest listings, Checkmate, an 85 foot Burger Yacht that combines the classic elegance of a yacht built in 1999, with modern upgrades that make her truly timeless.
Contact us today, if you would like to arrange for a private tour of any of these boats during the show, or just stop by. Hope to see you there!
Deciding on the new or pre-owned luxury yacht that is right for you, can be quite complex. If you would like to benefit from our expertise in these areas, or if you have any questions or comments about this blog post, do not hesitate to contact our Sales Specialists, or call us at (855) 318-6328.