Is the Sale Market Softening or Crashing?

Certain markets are slow, the age group of your boat is definately slow, fairly new boats not as slow but the market is definitely soft. I heard the Sunday at the Miami Boat Show was completely dead.

I recently bought a used Mag Bay and am in process of selling a used Pursuit CC and it feels the used boat market is softening. Like CaptJ said the very clean older used boat market seems very soft. But it is also a segment that takes the right buyer who is a knowledgeable buyer and understands quality.

Thought you just did a major honkin' refit?

-Chris

The number of boats actively for sale in most segments has increased significantly. Crash, not likely but time on the market is much longer and you need to compete. Models that were crazy popular 6 years ago are no longer sought after.
Valhalla Boat works now has 65 used boats active
Late model Viking SF availability is up 30%
There are always people buying boats regardless of how soft the market is. In 2009 buyers shopped because prices were down 25%.
2021 M75 Hatteras just reported sold by 26 North. That broker thinks the market is hot!

Market up or down. What doesn't change is a seller only needs one buyer. There’s always one out there, somewhere.

Yes but age has come into play a lot more in the past 5 years due to issues with getting loans and insurance companies are becoming harder and harder to insure older boats. Heck even newish ones are an issue. I have an owner that bought a 2021 60' Sunseeker Predator a year ago in Fort Lauderdale, he has a house on a canal off of the ICW with new concrete dock, only way we could get insurance by anyone is by keeping it at a boat yard up the New River under a covered concrete roof, the entire summer IN THE WATER. Like that's going to be much better when the boat next to it is 1' away.

Sort of off topic but there were some years when I used to store a previous boat up that river under a shed for 6 months every year. Seemed like the pigeons preferred to use her as a poop target and the bottom growth was so bad it was good having a haul out close by.

Leave music playing on board and you will have no gulls, pigeons or herons on the swim deck. Farmers do that in the chicken houses to keep foxes away.
Never had a fox on our boat as a result

LOL. I don't know the pigeons were actually on the boat, but they were seen way up on the upper shed's rafters. Overall was not good for long time storage and later made a deal with a friend with an empty dock on the most western canal before 441 that did a great job of also starting engines, etc. as the yard was paid to do but I suspect didn't.

Years ago we had an older command bridge yacht we took. Are of…it had teak decks and we had made steps to assist owners in getting up to that relatively high deck.
Well the otters loved that setup, made their live nests up on the teak decks. We tried every possible solution, from other balls, barriers on the steps, hawk sounds, etc.
The otters loved visits ended when the owners departed the boat once and left the radio on…no otters.
But the funny parts was that the only station that worked was the original one- old time twangy Country.
Never a mess again.