Wow talk about a seller's Market!

Carpediem44DB

Well-Known Member
Aug 18, 2015
3,230
Sanfransico Bay area
Boat Info
2000 Carver 506
2006 44 DB Sedan Bridge
Engines
Volvo TAMD 74 P
We are moving out of the Searay 44 and into a 53 Carver Pilothouse. One came on market not fifty miles from us last night and by 10 o'clock this morning it was under contract for near full price!
We won't close on the sale of the 44 for a few weeks so I'm not even going to look to see what comes up and hope things slow down a little after the first of the year.

Carpe Diem
 
We are moving out of the Searay 44 and into a 53 Carver Pilothouse. One came on market not fifty miles from us last night and by 10 o'clock this morning it was under contract for near full price!
We won't close on the sale of the 44 for a few weeks so I'm not even going to look to see what comes up and hope things slow down a little after the first of the year.

Carpe Diem

YUP!!!! That's why we're holding off for now. It may be wishful thinking, but I refuse to buy into a known market-bubble!! Especially one I don't understand.
 
I don’t think I understand.... so you bought a carver?
And sold your 44?
 
This past weekend I had an offer made on my boat for $30k more than I paid for it 5 years ago.... that’s the third offer in the last two years from strangers.... and on top of that I have a guy on a first refusal list that’s a friend..... crazy times
 
Maybe I need to put a “For Sale” sign on mine. ;)

Watching the sales dock this summer been seeing lots of inventory changing, and lots of people dock walking looking at boats.
 
My friend has a 2000 pilot house, I love that boat!

We are moving out of the Searay 44 and into a 53 Carver Pilothouse. One came on market not fifty miles from us last night and by 10 o'clock this morning it was under contract for near full price!
We won't close on the sale of the 44 for a few weeks so I'm not even going to look to see what comes up and hope things slow down a little after the first of the year.

Carpe Diem
 
Maybe I need to put a “For Sale” sign on mine. ;)

Watching the sales dock this summer been seeing lots of inventory changing, and lots of people dock walking looking at boats.

I've thought the same thing
 
I sold my 360DA rapidly and for a good price (and had two more buyers waiting in the wings) . The admiral "needs" a 480DB, but decent ones are scarce or over priced. I'm hoping to wait it out, but I don't like this "boatless" feeling
 
I don’t think I understand.... so you bought a carver?
And sold your 44?
I'll let the OP confirm for himself, but as I read it...

No Carver yet... I believe someone bought the Carver by the next morning before he had a chance to even consider it.

"We won't close on the sale of the 44 for a few weeks" Sounds like it's gone!
 
I'll let the OP confirm for himself, but as I read it...

No Carver yet... I believe someone bought the Carver by the next morning before he had a chance to even consider it.

"We won't close on the sale of the 44 for a few weeks" Sounds like it's gone!
Correct! We are starting the due diligence dance on the sale and will be looking to move into the right pilot house. Carver is high on the list but later navigator or Ocean Alexander are on the watch list. As I think about it more we will actually just chill a bit and determine how much we really want a boat anymore. I am sure we will miss being on the water and will get something, I am retaining my slip regardless for at least 6 months.
Carpe Diem
 
A guy at my marina with the same sort of 330 (his was a 98) was debating selling before winter. Decided to list and the boat was sold in 3 days at full list price. ($CAD63k). The guy that bought it called him and said he had been outbid all summer and said he would take it. He came up to see it and offered full list not subject to anything. Just nuts, even up here.

Lots of people listing/selling and hoping the pricing normalizes next spring for their upgrade. Or guys like Frank Webster, that are taking advantage of the time to downsize.
 
I recently got a call from my broker asking if I wanted to sell my Back Cove. They sold another one in 2 days for full asking price, and the other one listed on LI was in contract.

Unfortunately for him, I was in process of closing a private sale. I sold it for very close to what I paid for it new.

Now that I'm in the market again, the speed at which boats are selling stinks. An example of the model I'm considering one that came on Yachtworld was in contract within a week. It was well equipped and priced well.
 
The only way you come out ahead is if you sell now and don't replace it. Otherwise you sell high buy high. Really not much difference than any other time.
My plan was to sell now in the fall (which worked nicely), look over the winter, and buy in the spring when hopefully prices mellow out. It's nice not to be under the gun to sell something.

I keep getting friends sending me info on available boats though.
 
Bunches and bunches of layoffs announced the past few weeks as the helicopter money is running out. I would anticipate things to soften up a few months from now. Of course, I am frequently wrong.
 
Correct! We are starting the due diligence dance on the sale and will be looking to move into the right pilot house. Carver is high on the list but later navigator or Ocean Alexander are on the watch list. As I think about it more we will actually just chill a bit and determine how much we really want a boat anymore. I am sure we will miss being on the water and will get something, I am retaining my slip regardless for at least 6 months.
Carpe Diem

In the San Diego market, we're REQUIRED to inhabit our slip. No rentals and or allowing our slip to be used by friend or family. Apparently that's not the rules up by you!
 
our 290 sold faster than we even wanted it to back in July - we ended up being boatless for a month getting the 410 surveyed and closed.

We might have paid a little bit of a premium because of the market but freshwater diesel 410's are a rarity in upstate NY so I think it was about what we'd pay regardless of market
 
Bunches and bunches of layoffs announced the past few weeks as the helicopter money is running out. I would anticipate things to soften up a few months from now. Of course, I am frequently wrong.

Comparing it to the RV and motorsports industries, it appears that the current disposable cash and very low comparable financing are all being blessed by the C-19 (Deme-Virus) that has eliminated the cruise lines and air line/flyaway vacations. These previous travelers are turning to more controlled/safe-harbor types of vacations to spend/throw their money at.

My gut feeling is that once the cruise lines and flyaway vacation market pick up (shortly after N. 3rd) we will see a deluge of For Sale signs going up on these RV and boats and motorsport toys. Why? Those who may never have had these toys will realize (or the Significant Other will) that this is NOT what they thought it would be or that they can't do both the toys and the cruise/fly-away vacation at the same time.

Time will tell.
 
Comparing it to the RV and motorsports industries, it appears that the current disposable cash and very low comparable financing are all being blessed by the C-19 (Deme-Virus) that has eliminated the cruise lines and air line/flyaway vacations. These previous travelers are turning to more controlled/safe-harbor types of vacations to spend/throw their money at.

My gut feeling is that once the cruise lines and flyaway vacation market pick up (shortly after N. 3rd) we will see a deluge of For Sale signs going up on these RV and boats and motorsport toys. Why? Those who may never have had these toys will realize (or the Significant Other will) that this is NOT what they thought it would be or that they can't do both the toys and the cruise/fly-away vacation at the same time.

Time will tell.
I agree. A lot of the buyers seem to be first time boat buyers or are doing the massive upsizing from pocket cruisers to large boats. If you think about all the "get a survey" advice that newbies get on this site, I suspect that there are going to be a lot of people losing money on bad boats they overpaid for. I have overheard the brokers at our marina explaining really basic things to potential buyers that make it clear they have never owned a large boat before. Lots of brokers walking the docks and showing boats the last few months.
 

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