Brokerage sales down in AprilPosted on
The number of brokerage boats sold in the United States in April declined by 1 percent, or 26, to 3,004, compared with the same month a year earlier, and the total price paid for them fell 3 percent to $300 million.
The average time it took to sell a boat increased by 4 percent in April, from 275 days to 285, according to YachtWorld.com member brokerages reporting in their proprietary database, SoldBoats.com.
As in March, the sailboat segment fared marginally better than powerboats. Sailboat unit sales increased 1 percent with 535 sold and powerboat sales declined 1 percent with 2,469 sold.
The value of the sailboats sold rose 7 percent to $41 million; powerboat prices were down 4 percent to $259 million.
The weakest sales were at the extremes of the market. Sales of boats under 26 feet declined 7 percent to 994 and sales of boats 56 to 79 feet fell by the same percentage with 69 boats sold. Sales of boats over 80 feet declined 25 percent, from 24 to 18.
The middle of the market was comparatively stronger, showing double-digit percentage increases. In the 36- to 45-foot range, sales climbed 10 percent with 637 boats sold. In the 46- to 55-foot range, sales rose 12 percent with 152 sold.
In the popular 26- to 35-foot range, sales declined by 1 percent with 1,134 boats sold. Notably, the average sales price increased for boats under 26 feet and 26 to 35 feet. Among the smallest boats, the average sales price rose from $20,458 to $22,079. In the 26- to 35-foot range, it climbed from $50,954 to $53,828.
A more detailed report summarizing recent U.S. brokerage sales will appear in the June issue of Soundings Trade Only.
— John Burnham
YachtWorld.com editorial director