Sales volume and total boat values were lower in the U.S. yacht brokerage market in May with 3,586 boats reported sold at a total price of $400.3 million.
The number sold was 2 percent lower than in May 2014 and the total value was 10 percent lower, according to YachtWorld member brokerages recording sales in SoldBoats.com, their proprietary database.
A drop in sailboat sales was largely responsible for the volume decline. The number sold for the month decreased from 629 to 557. Powerboat sales were virtually level, down three boats from 3,032 to 3,029. The total value of sailboats sold dropped 21 percent from $49.6 million to $39.3 million; the total powerboat sales value declined 9 percent from $395 million to $361.1 million.
Weaker sales in the bigger-boat segments were responsible for much of the decline in market value. In the superyacht segment (80 feet and up), compared with the previous May, sales were down from 21 boats to 16 and the total value declined proportionately to $78.4 million from $103.5 million, a drop of 24 percent. Among boats 56 to 79 feet, sales decreased 14 percent with 83 boats sold and the total price paid was down $11 million, or 15 percent, from $75.7 million to $64.6 million.
By length, the strongest segment of the market was boats 26 to 35 feet, a range that is typically the highest-volume portion of the brokerage market. Sales increased 1 percent in this category, with 1,419 boats sold; the total price paid was down 1 percent with sales of $84.8 million.
Powerboat sales in this range were 4 percent higher with 1,142 boats sold. Sailboat sales declined 12 percent as 277 were sold.
John Burnham is the editorial director of Dominion Marine Media.
A more detailed report summarizing recent U.S. brokerage sales will appear in the July issue of Soundings Trade Only.