Brokerage sales mixed in April

U.S. yacht brokerage sales in April increased seasonally to 2,904 boats from 2,203 in March.
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U.S. yacht brokerage sales in April increased seasonally to 2,904 boats from 2,203 in March, but lagged 3 percent behind sales of April 2014, when 2,994 boats changed hands.

By contrast, the total volume of April sales increased from $311.2 million to $476.2 million, a gain of 53 percent, according to reports by YachtWorld member brokerages recording sales in SoldBoats.com, their proprietary database.

Although higher values in superyacht sales (boats larger than 80 feet) accounted for most of the increase (up $130 million), total sales for the rest of the market rose 14 percent from $246 million to $281 million.

Powerboat sales of 2,427 were 3 percent below the April 2014 level of 2,505 and sailboat sales declined 2 percent with 477 boats sold. The total value of powerboat sales increased 61 percent from $274.9 million to $442.3 million; excluding superyacht sales, powerboat sales values increased 17 percent from $211 million to $247 million. The total value of sailboats sold in April was down 5 percent from the previous April from $36.3 million to $34 million.

Sales of the smallest boats on the market, those under 26 feet, were lower for the month by 13 percent with 961 boats sold. The value of sales in this category increased 5 percent to $26 million, however, which pushed up the average sale value from $22,467 to $27,028.

Midsize boats from 26 to 35 feet and 36 to 45 feet sold at slightly higher levels, up 2 percent and 1 percent, respectively. The total value of sales increased at faster rates, as higher average prices were recorded. In the 26- to 35-foot range, the average price rose from $55,665 to $63,086. In the 36- to 45-foot range, the average price climbed from $132,216 to $138,614.

The strongest sales increase for the month was in the 46- to 55-foot segment, where volume was 26 percent higher with 172 boats sold. The total value increased from $39.4 million to $51.3 million and the average final price climbed from $287,427 to $298,042.

Sales of boats both 56 to 79 feet and in the superyacht range were lower for the month, but the total value of the sales was higher. The number of boats sold that were larger than 80 feet decreased from 24 to 18, yet the total value of sales increased from $64.7 million to $195.2 million.

In the 56- to 79-foot range, sales declined from 79 to 74 boats, but the total value of sales increased from $47.8 million to $55.7 million, a 16 percent gain.

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

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