1. Please join your fellow forum members on our new Facebook Group. https://www.facebook.com/groups/247355990036949

Wow talk about a seller's Market!

Discussion in 'The Tiki Bar' started by Carpediem44DB, Sep 30, 2020.

  1. Carpediem44DB

    Carpediem44DB Well-Known Member PLATINUM Sponsor

    Aug 18, 2015
    Sanfransico Bay area
    2006 44 DB Sedan Bridge Raymarine gs165 w Quantum HD Radar
    Achilles 350 Dink
    Nick Jackson Davit
    Cummins QSC 8.3 500 HD
    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
     
    Chris-380 likes this.
  2. Just For Fun

    Just For Fun Member

    110
    Feb 16, 2019
    Southern California
    Searching for a 2006 - '07 320 Sundance w/twin T-496 Magnum MPI Bravo III
    and 5.0 KW generator
    Oars for now!!
    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.
     
  3. Blueone

    Blueone Well-Known Member GOLD Sponsor

    Jan 24, 2007
    Lake Erie, Ohio
    2004 420 Sundancer
    Cummins 6CTA 450's
    I don’t think I understand.... so you bought a carver?
    And sold your 44?
     
  4. Blueone

    Blueone Well-Known Member GOLD Sponsor

    Jan 24, 2007
    Lake Erie, Ohio
    2004 420 Sundancer
    Cummins 6CTA 450's
    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
     
  5. CaptRonn

    CaptRonn Well-Known Member

    May 25, 2016
    on a large body of water
    1999 Sea Ray 400 Sedan Bridge
    Convert fuel into noise
    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.
     
  6. Chris-380

    Chris-380 Well-Known Member

    Jan 20, 2019
    Pontoon Beach IL
    380 Sundancer 2000
    7.4L Horizon w/V drives
    My friend has a 2000 pilot house, I love that boat!

     
  7. All's Well

    All's Well Active Member PLATINUM Sponsor

    892
    Jan 14, 2010
    Houston
    '12 58 Sundancer
    900 MAN
    I've thought the same thing
     
  8. SeadawgVB

    SeadawgVB Active Member

    326
    Jul 8, 2013
    Tidewater Virginia
    Looking for a 480DB!
    QSM-???
    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
     
    Tripsdad and Chris-380 like this.
  9. JimG

    JimG Well-Known Member

    Nov 4, 2008
    Southern WV
    2007 310 DA
    Kohler 5ECD
    Twin 350 Mags
    Raw Water Cooled
    V-Drives
    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!
     
  10. Carpediem44DB

    Carpediem44DB Well-Known Member PLATINUM Sponsor

    Aug 18, 2015
    Sanfransico Bay area
    2006 44 DB Sedan Bridge Raymarine gs165 w Quantum HD Radar
    Achilles 350 Dink
    Nick Jackson Davit
    Cummins QSC 8.3 500 HD
    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
     
    dtfeld likes this.
  11. FootballFan

    FootballFan Well-Known Member

    Jun 20, 2012
    Florida
    Marquis 59
    MTU Series 60
    I have always liked the Navigator, just not that many on the east coast.
     
  12. Creekwood

    Creekwood Well-Known Member GOLD Sponsor

    Apr 26, 2009
    Oakville and Georgian Bay, Ontario
    '97 330 Sundancer, Raymarine C80 suite with radar, Mercury 310 Hypalon w/8hp Yammie 2stk
    2X 454 carbs w/ vDrives
    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.
     
  13. b_arrington

    b_arrington Well-Known Member GOLD Sponsor

    Feb 21, 2007
    Setauket, NY
    AB Ventus 9VL
    Looking for next big ride
    2019 Mercury 15 OB
    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.
     
  14. bahamabreisus

    bahamabreisus Well-Known Member

    Oct 25, 2007
    Hampstead NC
    500 dancer, previous 420,390,300 dancers
    detriot 8v92
    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.
     
  15. b_arrington

    b_arrington Well-Known Member GOLD Sponsor

    Feb 21, 2007
    Setauket, NY
    AB Ventus 9VL
    Looking for next big ride
    2019 Mercury 15 OB
    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.
     
    Tripsdad likes this.
  16. Golfman25

    Golfman25 Well-Known Member

    Sep 12, 2009
    IL
    281
    V8
    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.
     
  17. Just For Fun

    Just For Fun Member

    110
    Feb 16, 2019
    Southern California
    Searching for a 2006 - '07 320 Sundance w/twin T-496 Magnum MPI Bravo III
    and 5.0 KW generator
    Oars for now!!
    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!
     
  18. Strecker25

    Strecker25 Well-Known Member SILVER Sponsor

    Nov 20, 2014
    Rochester, NY
    2002 410DA
    Caterpillar 350HP 3126
    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
     
  19. Just For Fun

    Just For Fun Member

    110
    Feb 16, 2019
    Southern California
    Searching for a 2006 - '07 320 Sundance w/twin T-496 Magnum MPI Bravo III
    and 5.0 KW generator
    Oars for now!!
    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.
     
    kevin27 likes this.
  20. Creekwood

    Creekwood Well-Known Member GOLD Sponsor

    Apr 26, 2009
    Oakville and Georgian Bay, Ontario
    '97 330 Sundancer, Raymarine C80 suite with radar, Mercury 310 Hypalon w/8hp Yammie 2stk
    2X 454 carbs w/ vDrives
    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.
     

Share This Page

Show Sidebar