Was amazed by number for sale

F

FootballFan

Well-Known Member
Jun 20, 2012
3,588
Florida
Boat Info
Marquis 59
Engines
MTU Series 60
Was surfing Yachtworld - 50ft +.

Was very surprised about the number of SR L Class boats for sale. There were tons on every page.
 
The other day we were talking about Formulas here. Went to boat trader. 7 pages for sale, from a nice 92 29PC (14k) to newer very expensive. There are boats out there.
 
I’ve seen a lot go up for sale over the years from guys that decide with winter coming throw the spaghetti against the wall and see what sticks cause they dont want to make payments for next 6 months while its on land. Spring will be the real tell.
I would rather go to sleep on a cold winter night knowing in a few months I’ll be floating rather than come a nice spring day i got … nothing.
 
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FootballFan said:
Was surfing Yachtworld - 50ft +.

Was very surprised about the number of SR L Class boats for sale. There were tons on every page.
Click to expand...
I have noticed the same. I don’t know the numbers but it seems like a significant portion of the total L-class production is now for sale on the used market. Maybe that is normal for large yachts? If you can afford it, you can afford to move on?
 
What i know about big money but seems to me the big boats have a lot more fluctuations than the small ones. Wife wants a divorce, stock market dropped, real estate on the NYC brownstone took a dump, sell the yacht.
Gas went up a buck a gallon, not so much a problem on < $100k. Let it sit in slip and lets drink on it.
 
FootballFan said:
Was surfing Yachtworld - 50ft +.

Was very surprised about the number of SR L Class boats for sale. There were tons on every page.
Click to expand...
Sea Ray cut so many corners on these boats in production. Stringers were breaking loose due to substandard adhesives, engine mounts needed to be replaced, among other things. I heard their warranty exposure was north of $100 million. Sad what bean counters can do - they know the cost of everything and the value of nothing.
 
Creekwood said:
I have noticed the same. I don’t know the numbers but it seems like a significant portion of the total L-class production is now for sale on the used market. Maybe that is normal for large yachts? If you can afford it, you can afford to move on?
Click to expand...

We spent over a year looking for a 50'+ boat, that was no older than 2006, but really wanted 2009 or later. There were very few boats we looked that that we weren't going to be the fourth or fifth owner. In June 2020, we sold a 2007 44DA as the second owner after we had it just over 5 years, so this was a big shift for us. Only one of the 30+ boats we called on or saw was an original owner boat, and only a small handful were second owner.

In my opinion, most of the bigger boats are purchased as dock condos and it seems as soon as a big maintenance item come due it gets flipped. There were also many divorce situations as well.

It also amazes me how long boats sit on Yachtworld after they are sold, even from companies using Yacht Closer to produce the paperwork.
 
swaterhouse said:
It also amazes me how long boats sit on Yachtworld after they are sold, even from companies using Yacht Closer to produce the paperwork.
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I have heard in a many markets it is difficult to get a survey done in less than four weeks and many longer.

It just seems like everything is a struggle to get completed quickly anymore.
 
MonacoMike said:
I have heard in a many markets it is difficult to get a survey done in less than four weeks and many longer.

It just seems like everything is a struggle to get completed quickly anymore.
Click to expand...

Yes totally true, but I know my 58 was still listed two weeks after our closing date, my 44 I sold was still listed five weeks after closing. I called on a couple that had sold, not just under agreement weeks before I called.
 
I don’t know if you guys have noticed the August inwater boat shows are not playing out, because there is a lack of used inventory to actually show , the dealers do not have used boats . You can’t have a in water boat show without inventory/boats to show
 
see ray said:
I don’t know if you guys have noticed the August inwater boat shows are not playing out, because there is a lack of used inventory to actually show , the dealers do not have used boats . You can’t have a in water boat show without inventory/boats to show
Click to expand...
My marina's brokerage docks are empty -- new and used.
 
FootballFan said:
Was surfing Yachtworld - 50ft +.

Was very surprised about the number of SR L Class boats for sale. There were tons on every page.
Click to expand...
In the region France, Spain we saw many 50ft+ boats on yachtworld and more sites, Then a friend wanted to buy one, brokers were not reachable in the weekend so he jumped in the car and let me look on internet etc. What happened? Most boats were already sold. I asked them why they didn’t remove them from the sites: Else there is so less to see on our pages, market is dead, no new boats available, we update during winter time.
My friend slept a couple days in Saint Tropez then went home and visited zero boats.
2 days later he got a ring from a local broker. A prestige 500s comes in. 1,5 week later he came in our harbour with his prestige 500s…
 
DougLas said:
There are a lot of junk boats for sale. They don't pass survey.
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This is very true. I've looked at many of them, even surveyed only to find deep motor issues that will cost major boat bucks to remedy. They just relist them as if nothing is wrong hoping to find some poor sucker out there. :eek:
 
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