Requesting 460DA Sold boat info

Discussion in 'Ask the Broker' started by All's Well, Jul 8, 2019.

  1. All's Well

    All's Well Active Member PLATINUM Sponsor

    587
    Jan 14, 2010
    Houston
    '03 460DA
    6CTA's
    Seriously thinking of selling my '03 460 Sundancer -

    Could someone please help me with some recent sold boat data so that I can establish reasonable pricing?
    It's a 100% freshwater, hydraulic platform with bow and stern thruster, 900 hours on 6cta's

    I'm looking to move on to a 58 or 60DA and thinking I may be better off selling on my own rather than confuse the deal with a trade

    TIA
     
  2. jzanthony

    jzanthony Member

    123
    Aug 17, 2015
    Port Lambton, ON Lake St Clair
    99 Sea Ray 380 DA
    7.4 Horizons
    Ill will be watching this waiting for you to list, how soon are you going to market.

    Jamie
     
  3. sbw1

    sbw1 Well-Known Member

    Oct 10, 2006
    West Michigan
    This is listed in my signature
    This is listed in my signature
    IMG_4230.JPG You should do consider asking a knowledgeable broker for the data. I was surprised to see data showing my boat was worth quite a lot more than I thought. Had I sold it on my own I would have accepted much less than I netted even after paying the commission. Sold it in 3 days. There are only about 10 boats like mine in the USA currently for sale so it is tough to know the market. A broker who has access to selling prices for your boat will steer you in the right direction. There are probably relatively few 46s for sale, and those on the market are probably priced too high (= no sale) if they are for sale by owner. My broker freely provided the information without asking for a signed contract.
     
  4. All's Well

    All's Well Active Member PLATINUM Sponsor

    587
    Jan 14, 2010
    Houston
    '03 460DA
    6CTA's
    Thanks for the thoughts ....
    We’re in Florida this weekend looking at several boats. If there’s one that trips the trigger we’ll either be trading or listing ours
     
    PoseidonTCI likes this.
  5. FootballFan

    FootballFan Well-Known Member PLATINUM Sponsor

    Jun 20, 2012
    Florida
    Marquis 59
    MTU Series 60
    My opinion sold boat is broker thing. Accuracy is highly variable based on velocity of a give boat.

    A buyer or seller is much better off looking at yachtwold, boattrader, or in the case of Sea Rays - MarineMax brokerage to determine market value.

    I know Marine Max is not popular on this site -but if you are looking at Sea Ray - they are the largest player in the market. You will see more boats listed there than other sites.
     
  6. sbw1

    sbw1 Well-Known Member

    Oct 10, 2006
    West Michigan
    This is listed in my signature
    This is listed in my signature
    Actual selling price data along with time on the market is more reliable than listing prices IMG_4230.JPG .
     
    MonacoMike likes this.
  7. Boat Guy

    Boat Guy Well-Known Member

    While I agree in principle, it is a well discussed conversation in the industry that the prices are inflated. It's self reporting and they have motivation to put in higher numbers. So, while the data might be helpful, don't depend on it.
     
    techmitch likes this.
  8. NotHerDecision

    NotHerDecision Well-Known Member PLATINUM Sponsor

    Jun 28, 2016
    Houston, Texas
    2001 Sea Ray 460 Sundancer
    2014 Seadoo 155 LTD
    2105 Seadoo 130 SE
    2013 Mercury Dinghy
    Cummins 6CTA 8.3L
    Fred

    Your boat is almost a unicorn. I would ask top dollar for your boat and stick to it. You will find a buyer who will appreciate it. It is fresh water with all options and all the latest updates.

    If anyone on this forum wants a 460 then I wouldn’t hesitate to buy Fred’s.
     
  9. Jeff42899

    Jeff42899 Member

    84
    Jun 23, 2018
    Lake Erie Islands
    1999 340 Sundancer
    Twin 7.4 Horizon
    I agree with both of you, but I will say when I entered data into "sold boats" I used the accurate selling price including reducing it by any over-allowance on trade. Most brokers or dealers will have an annual license for "soldboats.com" and can run that info for you. The answer on pricing typically lands somewhere in between current listings and sold figures for a "better than most" listing. The current listings are inflated, especially in this market or they wouldn't still be for sale. That's a limited market though, so the right buyer will mean more than anything.
     
  10. Golfman25

    Golfman25 Well-Known Member

    596
    Sep 12, 2009
    IL
    281
    V8
    I think it's mostly urban myth that dealers inflate prices in sold boats. There really isn't an incentive to inflate the reported numbers especially if they give them to potential selllers. If they set the sellers price expectations too high based on bogus sales numbers, all they'll have is an unhappy customer and a lot of wasted time. Brokers make money when the boat sells, not when it's listed. Boats sell when they are listed at the right price.
     
    MonacoMike, JVM225 and Jeff42899 like this.
  11. bahamabreisus

    bahamabreisus Well-Known Member

    Oct 25, 2007
    Hampstead NC
    500 dancer, previous 420,390,300 dancers
    detriot 8v92
    I ran 2002-2003 460s sold since Jan 2019. low 155K to high 218K.
     
    Rivers Ride, HUMPH and PoseidonTCI like this.
  12. sbw1

    sbw1 Well-Known Member

    Oct 10, 2006
    West Michigan
    This is listed in my signature
    This is listed in my signature
    IMG_4230.JPG
    I don't believe brokers inflate the prices of boat they sell, but they can bias the data by which boats they submit to the data aggregators. If a broker sells 10 boats of a certain model in a range of 200000 to 275000 and nine of them are tightly bunched in a range of 271 to 275, the low outlier might not get submitted. In my view that protects everyone's interest.(buyers, sellers, brokers). Most of us just want a fair price that we can afford vs. being ripped off through the use of bad information. I have heard that some of this goes on. But still, those are selling prices and not asks. Therefore, better data.
     
  13. Golfman25

    Golfman25 Well-Known Member

    596
    Sep 12, 2009
    IL
    281
    V8
    Sure, with any aggregation/averaging you throw away the high and low. Outliers are pretty obvious. I know when I bot my current facility (from a bank after 5 years of neglect), brokers would call and ask what was up with the building -- trying to get an idea about the "lower" purchase price.
     
  14. FootballFan

    FootballFan Well-Known Member PLATINUM Sponsor

    Jun 20, 2012
    Florida
    Marquis 59
    MTU Series 60
    My experience...

    Looked at two different boats. One was listed at 350 or so, was extremely rough. Not something a good cleaning job would fix. The boat stayed on the market for another 9 months. When I saw a soldboats report which had that boat - showed selling price over 400 - go figure.

    Same issue with a different boat.


    watch listings over time. You will see price points as they adjust and how long a given boat stays on the market. You can build a range of prices that are probably 5-12 % of selling price.
     
  15. Boat Guy

    Boat Guy Well-Known Member

    So, in your opinion, do you think it actually sold for that price or do you think it was inflated?
     
  16. The Bill Collector

    The Bill Collector Well-Known Member GOLD Sponsor

    Jun 2, 2008
    Tacoma, WA
    450 Sundancer
    3126 Cat's
    I had a year before I was ready to pull the trigger on our 450 so I spent lots of free time researching the market seeing what was out there at what prices and options. I also had price quotes for transport from Florida, Great Lakes & So Cal. I spent so much free time online that my wife started calling my addiction "yachtporn". I made a few offers and then finally got the Lina Lina nailed down and shipped home. With 5% off the reduced asking price. The P.O. was a 2 bought owner and she had been on the market for 6 months.
     
  17. All's Well

    All's Well Active Member PLATINUM Sponsor

    587
    Jan 14, 2010
    Houston
    '03 460DA
    6CTA's
    Thank you for the info. Much appreciated
     
    bahamabreisus likes this.
  18. Jaws

    Jaws Active Member GOLD Sponsor

    605
    Nov 13, 2007
    Sarnia, Ontario
    460 Sundancer 2002
    Cummins 8.3 6CTA
    I think that as these boats get older, there is a widening gap between the ones that are well-looked after with everything documented and those that have been neglected. Reasonable hours, well optioned and totally freshwater would probably put your boat around $225K in the Great Lakes but a broker should be consulted at the very least. With Sea Ray out of the business of producing larger boats the values have, for the time, bumped up a bit. May not last though.

    With respect to your search for a 58DA, check to see whether it has a multitude of DC switching modules hidden down in the E.R., port side. My friend's 2008 55DA had these and they were a source of trouble, cost and frustration. Not sure how many modules I helped him replace on that boat, and they were expensive. Hopefully with re-naming it a 58DA in 2010, the boat was fixed and less trouble-prone. However we have a couple of 60DA's in our marina and they are amazing!

    Good luck.
     
  19. ttmott

    ttmott PhD in OCD GOLD Sponsor

    Apr 3, 2012
    Space Coast Florida
    2006 52 Sedan Bridge
    Cummins QSM11
    Every now and then Denison Yacht sales sends out a flyer which shows listing and sold prices for their sales. There are always quite a few SR's in their brochure.
    You might give them a call for that flyer. One thing not known in the sold prices are final negotiated pricing based upon survey results and the discounts due to the surveys.
     
  20. All's Well

    All's Well Active Member PLATINUM Sponsor

    587
    Jan 14, 2010
    Houston
    '03 460DA
    6CTA's
    Thanks - I do get the same flyer
    I think that I have a good handle on current listed boats and some info on sold pricing.
    Next step is to see how a trade will work on a specific boat (in process) or whether I should list and sell independently.
     

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