What are the feelings on the current market sentiment for pre-owned yachts? To frame the question, the segment is six-figure (under $1m) yachts in the North American market. Superyachts sold in Hong Kong aren't interesting to me. Further, let's assume an "average" vessel in "average" condition among its for-sale peers. Yes, there are extremes in all directions regarding condition, price and features. And there is the golden mean. How is the supply of for-sale yachts? What is the typical spread between ask/list and sold prices? It would be great if recent sellers could chime in with their experience. Thanks!
I am talking about yachts. Spoke with an owner today. "Boat market is not good for sellers. Lots of inventory. Buyers are reluctant." The owner wants to do a transaction with no broker.
lol… under a million dollars means a cabin cruiser, not a yacht. So how is one owner who doesn’t want to use a broker representative of the market?