Brokerage sales for 2011 peaked in June, when 3,446 boats were sold, but the market showed continued incremental growth in July, compared with the same month last year, with 3,117 boats sold, up 2 percent.
The total value of boats sold in July was very strong for the third consecutive month, according to YachtWorld.com U.S. member brokerages reporting closing prices in the Soldboats.com database. Total valuation was $338 million, up $60 million, or 21 percent, from the previous July.
Because of July’s strength, the year-to-date numbers for the U.S. market also showed continued improvement. After a slow start to the year, the number of boats that have changed hands after seven months was down only 2 percent, or 321 boats, with 18,495 sold. In the same time period, the total value of boats sold climbed to $2.2 billion, a 15 percent gain from 2010.
Although 54 more boats were sold than in July 2010, when compared with the five-year average of 3,209 boats, July sales of 3,117 boats were down slightly. They also were down slightly from the same month in 2009, when 3,180 boats were sold.
The average time it took to sell a boat improved in July, from 279 days to 267, a 4 percent shift. Through July, the average time to sell was down three days, to 282.
A more detailed report summarizing recent U.S. brokerage sales will appear in the September issue ofSoundings Trade Only.
— John Burnham
Dominion Marine Media