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Corona boat prices / demand


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I am interested in what is happening to boat prices in different countries as a result of Covid. It is hard to tell while checking the boat-porn on associated websites, but while the smaller stink boat segment is very strong, what is happening to 30” plus yacht prices in your neck of the woods?

See re Norway below, I have heard Netherlands and others are the same. My read on this is that this is the smaller motorboat segment, but hard to know.

https://www.newsinenglish.no/2020/06/03/holiday-restrictions-spur-boat-bonanza/

 

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Prices are high for cruising boats here on the west coast of Canada, mainly because there are very few good boats on the market in the highly desired 31-37' range.  Race boats in that range can still be purchased for 10 cents on the dollar.  A few owners are taking advantage of the high prices and posting their boats for sale at prices that they could not normally get, and some are selling.  If a decent boat is posted for sale at a reasonable price it is sold in a day or two.

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I was a broker for more than 15 years.  Now retired.  I keep kind of a casual eye on the brokerage lists Of dealerships with whom I used to conduct business.  I’m seeing fewer boats for sale and a lot of 25-35 year old stuff on the lists.  But I guess if new sailboat sales have been on the skids for awhile they cant exist as used boats.

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Zonker this is like the article i posted from Norway... Lots happening in mostly the smaller motorboat segment.

I am trying to get a handle on whether I should sit it out of the market for a bit. We are starting to see some of the Med charter fleet come up for sale and that should generally begin to impact prices. I am seeing some chunky reductions, wondering what else is happening in the sailing market.

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A few years ago we saw a good number of cashed up Boomers getting out of boating... "We've had boats all our life, it's time to do something else..." "We're going on cruise ships, canal cruises and international travel to beautiful resorts..." Seemed like a plan.

Now that no one in their right mind would get on a cruise ship, international travel banned for the foreseeable future, what do these guys do with their spare cash to have some fun? They're getting back into boats. Big time.

Our Broker had the best month ever in May, his main problem now is he can't get (good) stock as most are now keeping their boat. Refit & repair guys are seeing a huge uptick in work as people now repair or upgrade their existing boat. Marinas are becoming full, inquiry for marina berths is as strong as I've seen for years.

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Yep I can confirm that the boat sales market is booming here in Queensland as well. Good stock selling quicker than before and the normal shit boxes are on gumtree for the same price.

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11 hours ago, LB 15 said:

Yep I can confirm that the boat sales market is booming here in Queensland as well. Good stock selling quicker than before and the normal shit boxes are on gumtree for the same price.

lot of shit on GT

BTW I see your competition advertises there https://www.gumtree.com.au/s-ad/main-beach/sail-boats/get-qualified-in-sailing/1248368513

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7 hours ago, Sail4beer said:

That kind of limits your audience, but hey, at least you’re safe there in a beautiful country. 

There are worse places to be stuck during the pandemic, yes.

I don't see anything happening at least until a trans-Tasman bubble maybe opens in September. You can't even get permission to come now, even if you were willing to sit in quarantine for two weeks just to look at a boat.

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Nice boat BJ, had seen it on YW but out of my budget and geographic range. 

I am at the other end of the equation, looking, but seeing some local madness on prices and demand At the sub 35” range in motor and sail. The larger sailboat side of the market does not seem as aggressive though, and I was / am expecting there are going to be some cash poor charter operators looking to quit some stock...

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Here in Oz, I have noticed an inverse relationship between stock and house prices, and boat prices.

when things go well, money goes into investment.

when they go badly it comes out to play...

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On 6/14/2020 at 12:33 PM, LB 15 said:

Yep I can confirm that the boat sales market is booming here in Queensland as well. Good stock selling quicker than before and the normal shit boxes are on gumtree for the same price.

Was chatting with a friend two nights ago, boat for sale in the +300K range and he said he has little hope of getting what it is worth now.  Maybe 60% to 70% of pre-COVID.

I can only assume that the traffic is there but the prices are down for anything in six figures,

What's happening LB, you still sick or just busy?

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Over here; last 1,5 month many brokers sold as many boats as the whole of the last year. From motor launches to over 40 ft sailboats.
Asking price, even when up to 15 % to high, paid with not much of a  discussion.
Lots of young blood stepping in, shag palace for the younger, and young families see it as a save way to spend time away from the big crowds.

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20 minutes ago, LeoV said:

Over here; last 1,5 month many brokers sold as many boats as the whole of the last year. From motor launches to over 40 ft sailboats.
Asking price, even when up to 15 % to high, paid with not much of a  discussion.
Lots of young blood stepping in, shag palace for the younger, and young families see it as a save way to spend time away from the big crowds.

I guess that's logical.  Global recession, huge job losses, everyone always spends up big when that happens.

Edit: just did a quick search.  Boats like the one I sold 2 years ago, when there was little to choose from in that market, now there are plenty.  Listed price looks normal but all are negotiable.

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14 hours ago, astro said:

I guess that's logical.  Global recession, huge job losses, everyone always spends up big when that happens.

Edit: just did a quick search.  Boats like the one I sold 2 years ago, when there was little to choose from in that market, now there are plenty.  Listed price looks normal but all are negotiable.

It's strange how the different demographics work.

In Sydney, boat prices are holding up very well, lots being sold in the $2-300k band, that are worth $2-300K... My broker friend just can't get good stock, all the stock seems to be in QLD. Of the more expensive boats, LOADS of inquiry from QLD but they can't get here to inspect because of the 14-day quarantine.

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15 hours ago, astro said:

Was chatting with a friend two nights ago, boat for sale in the +300K range and he said he has little hope of getting what it is worth now.  Maybe 60% to 70% of pre-COVID.

I can only assume that the traffic is there but the prices are down for anything in six figures,

What's happening LB, you still sick or just busy?

Back in rude health- apart from a nagging cough occasionally but been as busy as shit. Many people have had an epiphany during these troubled times and are taking up yachtin’. Charter companies in the Whitsundays are on fire and every cunt needs to do a bareboat intro course. Plenty looking to buy a boat and go cruising. The La Vags you tube channel has obviously been popular during lockdown. If we are in a recession it appears to be a selective one. I have been in two minds about opening the border but with the unfolding horror show in the people’s republic of Victoria I think Anna should leave them shut for now. 

So I have been flat out. A bunch of us went camping for three day up at a farm near Kilcoy. Every town was full of visitors and business was booming. This ‘Queensland - good to go’ campaign appears to be working.

Accidental Anna might win the next election yet!

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This has been a crazy period. We put our house in Florida on the market in Early March and had a cash buyer, full price in the half million $ range. All in the midst of this pandemic. 
 

Our boat is a different story. 

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2 hours ago, Woods Rider said:

This has been a crazy period. We put our house in Florida on the market in Early March and had a cash buyer, full price in the half million $ range. All in the midst of this pandemic. 
 

Our boat is a different story. 

We've had interest and some people wanting to see it...whenever NZ gets around to opening the borders.

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Wow, thinking everything must go, maybe the house, boat, cars, children, pets and sign up for one of those lifetime cruise ship rooms.  Oh, wait, a lifetime on a cruise ship these days is measured in weeks, maybe I will hold my cards for now.

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2 hours ago, B.J. Porter said:

We've had interest and some people wanting to see it...whenever NZ gets around to opening the borders.

I hope it sells soon so you can move on to the next phase.

Any plans for what you will do other than be near the parents?

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2 hours ago, astro said:

I hope it sells soon so you can move on to the next phase.

Any plans for what you will do other than be near the parents?

Step 1: Stay out of the U.S. as long as visas permit.

Step 2: Who the hell knows? Maybe get an RV and spend a few years traveling the back roads of the U.S., moving from near-family spot to near-family spot.

Step 3: After a few years when we can, go sailing again.

We find the idea of land-bound life rooted to a house or apartment to be appalling, so we want to avoid that kind of commitment. We'd rather keep traveling and seeing stuff.

Life is so up in the air right now it's really hard to tell.

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11 hours ago, LB 15 said:

Accidental Anna might win the next election yet! 

Nothing accidental.

But who would have predicted you would vote for her?

Fuck that's funni!

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4 hours ago, astro said:

Nothing accidental.

But who would have predicted you would vote for her?

Fuck that's funni!

I would rather drive a sharp burning stick into my eyeball than vote for her. I didn’t say I would vote for the bag of shit- just that many others will. 

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  • 4 weeks later...
On 6/30/2020 at 1:17 AM, LB 15 said:

I would rather drive a sharp burning stick into my eyeball than vote for her. I didn’t say I would vote for the bag of shit- just that many others will. 

FFS LB don't hold back, you're amongst friends here. Tell us what you really think.

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