Boat prices

byron

byron

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Not that I am in the market but I do occasionally snap up a bargain to re-sell. I have just spent a pleasant hour or two looking at what's for sale and am quite surprised to see that prices don't seem to have dropped.
Is this my imagination? Or am I jumping the November gun in expecting a fall?
I would like to hear other Forumites views on the second hand market.
 
Hi Byron, Don't know if you've noticed but Dad's boat is up for sale since September time. It has been a hot topic of conversation in the past week or so whether to drop the price. The problem is that sales and enquiries for boats over £20k has dropped right off. Speaking to some surveyors, they're not as busy as they should be at this time of the year either. So would dropping the price do any good unless it was a hefty drop?
 
Being a regular buyer and seller in the sub 40K bracket, it's my opinion that (On the Thames at least) stuff which is presentable and sells for under £15,000 is safe enough.

Special stuff, such as the highly desirable but hard to find Brooms, Haines etc are always going to find a home, but the £25K upwards stuff is struggling.

So, while prices don't appear to be dropping, my feeling is that hefty deals would be available just be asking.
 
In my view it is very much a buyers market and buyers of large motor cruisers with old technology engines are few and far between currently. I would guess your Dad's Humber does around 1 mpg, as did my Broom 37. With fuel prices now assumed to be Road price + that is pretty eye watering stuff for coastal cruising at serious speed.
I also think that people will adjust and the market will improve but not sure that will be inside 2 years.
If you don't need to sell, I would take the boat off the market and see how the market goes. When things improve try again.
I am not sure that for this style of boat the market is particularly price sensitive, until you get to silly low prices, which is hardly what you are looking for.
Regards to your M&D.
Mike Thomas (ex Broom 37, Shiverarn)
 
Well i've been looking at thames boat sales every now and then over the months and it seems to be the bigger more expensive stuff that sells (Birchwood 25 still on the market there since middle of last year). Ditch Crawlers seem to be snapped up quicker than the damn things move through the water, and the average price is 60K!

Congratulations on Selling "Shamby" by the way /forums/images/graemlins/cool.gif
 
My last Bayliner with diesel conversion sold (in 2005) to the first of 3 people stood on the dock on the first saturday after I placed the ad - he thrust a cheque in my hand sans survey to stop the second bloke getting aboard.

My second bayliner has had 6 calls but no test rides yet. I had 2 offers unseen, both very very low. Low enough that if no one tops it I'll bring her back up the river and take the new boat down to the sea - and keep both.

Everyone is nervous, only time will tell what she actually sells for. If anyone had been aboard last Sunday, the sun was out, the boat was purring over the solent at 30 knots, the wine and the food at the destination was superb, she'd have sold! No one was.

Fingers crossed therfore for more sun and a big story (without anyone getting hurt) so that the cretinous journos we have in this country can focus on that instead of talking us into a recession.
 
Narrow Boats and barges are selling because they're cheaper than Flats, and considered acceptable to live in full time apparently!

Of the cheaper stuff, I would suggest the non-sellers are either just a tad too dear, or too scruffy.

It never ceases to amaze me what piles of crap some people are trying to sell! Clearly in need of new Canopies, major servicing, polishing, and with no idea of presentation, these GRP cadavers are littering Marina's everywhere.

Have these people no pride? /forums/images/graemlins/confused.gif
 
Revenge will be swift and decisive... /forums/images/graemlins/mad.gif


Has anybody got his address? /forums/images/graemlins/tongue.gif


Well, yes! A few of the Birchwoods are tatty too, well lets be fair, most thirty year old boats are, but when you have to stump up ten to fifteen big ones for a Boat, it shouldn't matter.

A minimum standard should be a clean and tidy vessel which is ready to use. If used cars were in this condition, they would be relegated to the scrap heap!
 
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