Skip to main content

Brokerage values up, sales down in October

The number of boats that U.S. yacht brokerage firms sold declined by 10 percent in October, compared with October 2010, but the total value of the boats sold rose 33 percent.

Reporting in, their proprietary database, member brokerages tallied sales of 1,922 boats, for $259 million, during the month. Despite sales of 204 fewer boats, the total value of completed sales rose $64 million from October 2010, when the value of all sales was $195 million.

The increase in sales valuation was attributable to the higher sale prices of boats over 55 feet. In fact, sales of smaller boats (under 35 feet) were down from $60 million to $49 million, as the number of boats sold dropped from 1,484 to 1,281. Sales of midsize boats — 36 to 45 feet long — were down 2 percent, from 467 to 459 boats, although the total value of those sales remained level at $60 million.

By comparison, the top end of the market registered positive results. In the 46-to-55-foot range, the number of boats sold rose modestly, from 120 to 122. The total sales value climbed 5 percent, from $31.8 million to $33.4 million.

Among boats larger than 55 feet, 60 boats were sold, one more than in the previous October. However, the average sale price more than doubled, from $722,000 to $1.9 million. Total sales value for the category increased from $43 million to $115 million.

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

— John Burnham

Editorial director

Dominion Marine Media



Blaze Destroys Mystic Marine Facility

A four-alarm fire last night consumed at least two buildings and an undetermined number of boats at Seaport Marine in Mystic, Conn.


Gulf Craft Broadens Lineup

The Middle Eastern builder debuted its Majesty 72 and Silvercraft WA models at the Abu Dhabi Boat Show last week.


Vision Marine Announces Battery Partnership

The production contract includes an initial purchase of 240 batteries from French manufacturer Negoy that will be used in 120 of Vision’s complete propulsion systems.


FAF Brings New Anglers into the Fold

The nonprofit organization will leverage Giving Tuesday on Nov. 29 to raise funds for its grassroots fishing and boating participation efforts.


Naos Yachts Plans New Offices

The San Francisco Bay area location will expand the dealer’s midcoast footprint and help grow its Groupe Beneteau, Lagoon, Neel, CNB Yachts, Four Winns and Wellcraft brands.


Trade Only Today Returns Monday

The e-newsletter will not publish Thursday, Nov. 24, and Friday, Nov. 25, in observance of the Thanksgiving holiday.