Boat Prices: Silly Question

[langstonelayabout]

Yes, another question about boat pricing in our post-Covid world (well, August 2024 anyway).

I’ve decided to sell my Konsort and go for one of the boats that I should have bought in the first place. I hear tales of woe about the current market value of good Konsorts. Ah well, maybe I shouldn’t have bought it in 2021.

But when I look at the boats for sale (Apollo Duck, brokers, etc.) the market seems more buoyant than ever.

Does anyone consider that a type of boat that was selling for £27k in 2020 should now be selling for £35k? Are sellers still being ambitious about the prices of their much loved boats, or am I being far too timid and should go in and make a more realistic offer? Your thoughts please.

 

[onesea]

Yes, another question about boat pricing in our post-Covid world (well, August 2024 anyway).

I’ve decided to sell my Konsort and go for one of the boats that I should have bought in the first place. I hear tales of woe about the current market value of good Konsorts. Ah well, maybe I shouldn’t have bought it in 2021.

But when I look at the boats for sale (Apollo Duck, brokers, etc.) the market seems more buoyant than ever.

Does anyone consider that a type of boat that was selling for £27k in 2020 should now be selling for £35k? Are sellers still being ambitious about the prices of their much loved boats, or am I being far too timid and should go in and make a more realistic offer? Your thoughts please.

Look how long they have been on the market for, is my suggestion. A google around can give values a boat what’s sold for.

A well kept and priced boat seems to sell, genuinely compare your boat with other similar boats. Some boats go cheap as the seller is wanting to get rid now, others sit as they are for sale but only at the right price (realistic or not).

 

[srm]

As always its a case of what can be agreed between buyer and seller.
Sellers almost invariable overprice their boats (based on experience of both buying and selling boats over the years). Some have rejected offers only to ask the price they were offered a year or so later, but then will probably get a lower offer.
Watch the market to see how long boats hang around, and ask brokers how long the boat has been on the market to get an idea if the price is realistic both for pricing your own and looking for the replacement. If a boat has been recently sold ask what the agreed price was, a broker may be helpful with that if you mention you have a boat to sell.

 

[Tranona]

Only buoyant in the sense that there are a lot of boats for sale, but as already mentioned many have been for sale for a long time - either overpriced or simply lack of demand. don't know what you paid in 2021 but probably need to be prepared for a bit of a hit if you want to sell quickly.

 

[srm]

but probably need to be prepared for a bit of a hit if you want to sell quickly.

Of the six boats I have owned and sold since the mid '70's only one went for the same price as I paid, It was a 50ft decommissioned fishing boat. All the sailing yachts were sold for less despite the additional/new replacement gear.