Soldboats Update: Total Sales Take a Dip for April 2017
YachtWorld has released its most recent Soldboats Report for April 2017, and we are seeing a slight drop in overall boats sold, but a significant drop in the total value of sold boats from same time last year. According to the April 2017 Report, the drop in volume was principally due to fewer sales of boats under 35 feet while the decrease in value was entirely due to the sale of fewer and less expensive superyachts.
Overall, 2,834 boats were sold, down from 2,916 in April of 2016. The value of the boats sold was $359 million, substantially below the $461 million registered in 2016. Sales of both powerboats and sailboats were lower by 3 percent, with 2,377 powerboats sold and 457 sailboats.
Winner and Losers
The Report went on to confirm that it was the smallest and largest sized boat segments that were the weakest during the month. Sales of boats under 26 feet were off by 4 percent, with 935 boats changing hands. And boats 26 to 35 feet were 5 percent lower, with 1,051 boats sold. But the biggest hit was among superyachts, where sales were down from 27 to 17 boats, and total value declined from $177 million to $51 million.
But, the news was not all bad. Market segments from 36 feet to 79 feet made gains both in volume and value. The 46- to 55- foot range was up 9 percent, with 151 boats sold, and the 36- to 45-foot segment saw a 17 percent gain in value from $83 million to $97 million.
Prices Reduced on Pre-Owned Luxury Yachts!
With there being somewhat of a short fall in yachts in the larger categories, this is an excellent time to shop if you are in the market for a larger boat. In fact, we are now running price reductions on several incredible luxury motor yachts in our broker inventory that are in the over 80 foot size range.
Some of these include Ti Punch, the incredible, recently reduced, Outer Reef that is unlike any Outer Reef yacht you have ever seen before, Cork Trick, a prime example of Tarrab Yachts’ reputation for beauty, technology and elegance, and Checkmate, an 85 foot Burger Yacht that combines the classic sophistication 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 these boats, or any other fine yachts in our broker inventory.
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 954-900-9988.