Brokerage sales bounce back in August

The value of the boats sold also increased by $65 million as $344.4 million changed hands.
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The value of the boats sold also increased by $65 million as $344.4 million changed hands.

After three months of lower sales, activity picked up at U.S. yacht brokerages in August, increasing by 72 boats, or 2 percent, to 2,983 from the same month last year.

The value of the boats sold also increased by $65 million as $344.4 million changed hands, according to reports by YachtWorld member brokers in SoldBoats, their proprietary database.

All of the volume growth and most of the value growth was attributable to increased activity on the powerboat side of the market. Powerboat sales volume climbed 3 percent from the previous August as 2,461 boats were sold for $301.4 million, a figure that was up 28 percent from $236 million in 2015.

By contrast, sailboat sales were down 1 percent for the period as 522 boats were sold at a 1 percent increase in total price to $43 million.

Sales volumes were higher among most sizes of boats and mid-size boats — 36 to 55 feet — were up strongly. Between 46 and 55 feet, the number of boats sold increased from 165 to 195, or 18 percent. Between 36 and 45 feet, the number rose from 633 to 662, a 5 percent increase.

Sales values were higher in nearly every size range of the market; sales of superyachts (80 feet and larger) led the way with a $40 million gain to $59.7 million.

Average sales prices also were higher in every size range, not only among large yachts. Among all boats under 35 feet, the average price rose 11 percent from August of last year.

Through August, 21,606 boats had been sold, which was down 1 percent from 21,896 in 2015. The total price paid was even with last year at $2.65 billion.

John Burnham is the managing editor of Dominion Marine Media.

A more detailed report summarizing recent U.S. brokerage sales will appear in the October issue of Soundings Trade Only.


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