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Brokerage sales drop in December

The year ended with U.S. yacht brokers in nearly the same place as in 2014.

The year ended with U.S. yacht brokers in nearly the same place as in 2014.

December sales fell by 23 boats, or 1 percent, to 1,599, and for the year 30,077 boats were sold, which also was 1 percent, or 192 less than in 2014, when 30,269 changed hands.

The collective price of the full year of sales was $3.7 billion, up 2 percent from $3.62 billion the previous year. The average final price increased by 3 percent, from $119,627 to $123,066.

According to YachtWorld member yacht brokerages reporting in SoldBoats, their proprietary database, the boats sold in December were collectively priced at $256.8 million, 5 percent less than the previous December. Excluding sales in the volatile range of boats 80 feet and larger, the sales value fell by less than $1 million.

Sales volume increased incrementally among boats in categories from 26 to 55 feet. Sales in the 46- to 55-foot range were very strong value-wise, drawing $40.8 million, up $7.7 million from December of last year. Remarkably, this increase occurred even though the sales volume rose by only two boats to 128.

Volume increased the most — by 3 percent — among boats from 26 to 35 feet, as 602 boats were sold; total value rose in this category from $36.2 million to $38.3 million. If not for weak sales among boats smaller than 26 feet, a decline from 403 to 360, December sales volume would have surpassed the same month last year.

However, the big-boat end of the market generally had a weaker month. Sales of boats from 56 to 79 feet were down by two as 59 were sold and the total price paid decreased from $53.2 million to $44.6 million. Superyacht sales (80 feet and up) declined from 16 to 11, and the total sales price fell from $77 million to $62.9 million.

John Burnham is the managing editor of Dominion Marine Media.

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

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