Boat prices coming down? looks like it.

royalpiper

royalpiper

Member
Jul 29, 2021
66
Belmar, NJ
Boat Info
1976 Silverton 28 FLYBRIDGE SOLD
1984 Sea Ray SRV 225 Cuddy Cruiser SOLD
2003 Sundancer 260 CURRENT
Engines
Mercruiser 5.0L MPI Bravo 3
Some of this may be anecdotal but from what I'm seeing at the Jersey shore and from several conversations at the marina, it appears that there may well be a record number of folks looking to sell at the end of this season and they are willing to take a considerable amount less than they would have at this time last year.
Many boaters hardly took their boats out of the slip this season and I've seen a lot less traffic on the water. Particularly with the boats over 35 feet. They were strictly condos on the water for this season, not a bad thing mind you but surprising nonetheless.
The price of fuel and the impending recession are the two reasons I'm hearing.
What are you folks hearing and seeing?
 
Prices still increasing here. Also parts next to impossible to get. Slips non existent.
 
Seeing a lot of boats newer and nicer than mine going for what I would list mine for. Til I read the fine print.
Swear to god I read one yesterday. Swear to god. Said, TURN KEY! No hot water heater, needs generator, starboard engine may need to be replaced. Little TLC.
I swear to god it was a real ad, too lazy to find it.
Ain’t selling mine, but if you want it you better meet me at my corner bar and bring a fat wallet and be thirsty. See other thread.
 
Pirate Lady said:
Seeing a lot of boats newer and nicer than mine going for what I would list mine for. Til I read the fine print.
Swear to god I read one yesterday. Swear to god. Said, TURN KEY! No hot water heater, needs generator, starboard engine may need to be replaced. Little TLC.
I swear to god it was a real ad, too lazy to find it.
Ain’t selling mine, but if you want it you better meet me at my corner bar and bring a fat wallet and be thirsty. See other thread.
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Yikes! Well to be honest ......... that means you can turn they key. It doesn't mean you'll get what you expect!
 
I am considering a trade-in towards new. Someone please talk me off the ledge !!!!!!!!!!!!

I would get less that what I want for the trade in ........... but about what I would expect if used a broker after their commission.

This weekend I need to work on approval from the Warden.

Used prices might be coming down for sure but New are still through the roof :(
 
Phil S said:
I am considering a trade-in towards new. Someone please talk me off the ledge !!!!!!!!!!!!

I would get less that what I want for the trade in ........... but about what I would expect if used a broker after their commission.

This weekend I need to work on approval from the Warden.

Used prices might be coming down for sure but New are still through the roof :(
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Too soon. Where were you in 2008? We're headed there again.
 
370Dancer said:
Too soon. Where were you in 2008? We're headed there again.
Click to expand...
+1 to Dancer's comment. I'm pretty aggressive in my Roth IRA but at this point it's down about 23% and shows no sign of slowing down the fall.

The "Great Recession" of 2008 showed the DJIA losing about 40%.

Hang onto your hats gentlemen.
 
royalpiper said:
Some of this may be anecdotal but from what I'm seeing at the Jersey shore and from several conversations at the marina, it appears that there may well be a record number of folks looking to sell at the end of this season and they are willing to take a considerable amount less than they would have at this time last year.
Many boaters hardly took their boats out of the slip this season and I've seen a lot less traffic on the water. Particularly with the boats over 35 feet. They were strictly condos on the water for this season, not a bad thing mind you but surprising nonetheless.
The price of fuel and the impending recession are the two reasons I'm hearing.
What are you folks hearing and seeing?
Click to expand...
Regarding gas effecting usage - I can report with some facts - I am the Dockmaster at my yacht club and am in charge of the fuel docks.
We are open summer only and sell about 60,000 gallons per summer. This year I was expecting to see what everyone is saying, but the facts are we have sold more than 2500 gallons this year to date than last year.

I am not sure the exact reason - but I know I am using double of what I did last year with my new boat.
 
Last season I filled up 3 times I think (170 gal tanks). This year I'm still at 3/4 tanks from my left over top-off at the end of last season. But mostly because I'm running the dink non-stop.
 
Blueone said:
I don’t know the 2oo6 44 sundancer next to me just sold for $340k
He was asking $390k :)
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I’ve seen the same thing at my marina in Wisconsin at this time of the season.


There will be a correction coming…..but EVERY fall folks on the sidelines say the same thing….in reality no kidding there are more boats on the market. Happens EVERY year at this time in Wisconsin LOL! And there will be deals to be had in fall. How is that different from any other fall season in the Midwest?

Who knows….but I get a laugh out of the lookers that come walk the docks trying to time the market….and they are still land locked 5 years later.
 
Gofirstclass said:
+1 to Dancer's comment. I'm pretty aggressive in my Roth IRA but at this point it's down about 23% and shows no sign of slowing down the fall.

The "Great Recession" of 2008 showed the DJIA losing about 40%.

Hang onto your hats gentlemen.
Click to expand...

I'm getting the same advice from everyone I ask (wait)
 
Yep the high price of gas & the down turn in the economy is a reason to talk the prices down. That's how I got my 1999 190 signature CC. It was listed for 12k she wanted 10k for it & I talked her down to 7k. It was almost a new boat it looks to only have about 50hrs on it. The guy bought it had health problems stored the boat a few or more years. Got his health better only to use it for two outings before he got cancer & died. His wife just wanted it gone because it reminded her of him every time she saw it.
 
I have seen things soften a bit, but still off crazy pricing. I was lucky and found a seller who wanted to get rid of it quick to get his new boat in. I bot at a pre-covid price.
 
Big boat traffic on Spring Lake is down. Not many 30+ foot boats going up and down the lake. Mostly pontoon boats and locals water skiing. Raft ups seem to be not as large. Not sure what is happening to prices.
 
If you sell high and buy high it’s all relative. Current market is great if you are exiting and challenging if you are just getting in. One thing that won’t change is you can’t buy time. Passing on the perfect boat that you have been waiting for because you think prices may go down is a fools errand. It’s fall so naturally more boats pop up for sale at a discount just like always. The sky may be falling and according to many we are always on the verge of financial collapse. All of the so called experts have been far from accurate with the prediction of our economy. Boating in general is far from financially smart but worth every minute.
 
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