Is the Market Really this Bad ?

[Doodles]

Originally Posted by sailpower

Not sure what you are looking at? Sounds like you are including the 42s7 which replaced the First 42?

Here is the sold boat report for 2010-2012 for the First 42. Interesting that there are no reported 2012 sales.

Two of these are reported to be project boats.

Soldboats.com search results 2010-2012

Model Year List Price (Date) Sell Price (Date) Location
Beneteau First 42 1984 49,900 (10/10) 35,000 (12/10) MD
Beneteau First 42 1983 43,900 (05/11) 25,000 (12/11) TX
Beneteau First 42 1986 92,500 (04/10) 82,000 (05/10) CA
Beneteau First 42 1984 84,995 (03/09) 77,000 (06/10) CA
Beneteau First 42 1984 71,500 (02/11) 66,000 (10/11) CA
Beneteau First 42 1984 44,500 (09/10) 38,500 (11/11) ME
Beneteau First 42 1981 59,481 (11/08) 43,619 (06/10) Other

Ooops ... yeah you are right, I was.

[Randyonr3]

With the price down that far, guess I should just give it away.
Just not ready yet. Got a few more years before they put me in an old folkshome..

[sailpower]

Originally Posted by Randyonr3

With the price down that far, guess I should just give it away.
Just not ready yet. Got a few more years before they put me in an old folkshome..

Nah, it’s a nice boat although a little deep for some spots.
The boat in ME that sold for 38K had delaminated floor stringers so was in for a total rebuild. Good news was that it had the keel stepped mast and the optional lead keel.
The CA boat looks interesting but it has a 5,200 hour motor, no SSB and no solar. Doesn't say the keel material. Not sure what it is really worth.

[savoir]

Originally Posted by Doodles

Ooops ... yeah you are right, I was.

The 42s7 can be 10 years newer and generally a whole lot better cruiser. Different ball game.

[praetorean]

I am in the market for a boat right now, and I have looked at several different types and sizes. Right now, I can buy a larger boat, with the same type of equipment, for less than what they are asking. It is a buyers market right now. I have seen people who are asking 100k for their boat let it go for half of what they want for it. The upgrades and such that they have made will not drive the price up that much in todays market. Right now I am looking at a 51ft Morgan with updated electronics, low time on the engine, nice interior and many other extras for about the same price they are asking for their 35.

[praetorean]

Originally Posted by Celestialsailor

I can...For exactly the reason you point out. Most people now a days can't do their own work. Our society has exported so much manufacturing off-shore, the younger end of the country has lost the ability to know which end of a screwdriver to pick up. Like you, I do as much as I can. I rebuilt my diesel for 1/4 the cost of a new one, do my own wiring, plumbing and all installs. Most of these people could learn quite easily by simple just doing it. I have the feeling by the time I take off, I will have all the work I will ever need in any anchorage along the way.

I'm like you. I do all I can myself, and if there is something that I do not know how to do, I LEARN HOW TO DO IT. It saves you a lot fo money in the longrun.

[savoir]

Originally Posted by praetorean

I am in the market for a boat right now, and I have looked at several different types and sizes. Right now, I can buy a larger boat, with the same type of equipment, for less than what they are asking. It is a buyers market right now. I have seen people who are asking 100k for their boat let it go for half of what they want for it. The upgrades and such that they have made will not drive the price up that much in todays market. Right now I am looking at a 51ft Morgan with updated electronics, low time on the engine, nice interior and many other extras for about the same price they are asking for their 35.

Upgrades less than two years old fetch about 30% of cost. Older than that they fetch about 10% down to zero. For a seller upgrades are a waste of money.

[gonesail]

Originally Posted by wolfenzee

I told him if he paid $1.4 for the house it is because that is how much it was worth to him

something tells me that your logic is no consolation for your brother if he wants to sell and move on.

[savoir]

Thereby suggesting that it was not logic in the first place.

[passat5919]

Actually these days market is exeptionally good for us buyers. How about that: 1999 Beneteau 461 in good condition sold recently on Ebay for $68000. I like that. It's like "it can't be any better".

[boatman61]

Not that good at the bottom end where I'm looking on the E.coast US... the under $10K 27-32ft bargain good enough (by 'my' standards) to move down to the Carib and have a winter liveaboard base... prices have gone up a tad...
Not looking at Craigslist as I've not got all the ducks in a row yet... things to finsh here... the summer base ship for example

[praetorean]

Originally Posted by boatman61

Not that good at the bottom end where I'm looking on the E.coast US... the under $10K 27-32ft bargain good enough (by 'my' standards) to move down to the Carib and have a winter liveaboard base... prices have gone up a tad...
Not looking at Craigslist as I've not got all the ducks in a row yet... things to finsh here... the summer base ship for example

If you look on boattrader.com you will find listing everywhere. I have been talking to the guys at POPYachts. They have lots of listings and they aren't hard sellers. Just look through boattrader and you will see a lot of listings. A friend of mine offered a guy half of what he listed his boat for and the guy jumped on it. They are out there.

[sailpower]

The good news is that unless you are actually buying or selling now it really doesn’t matter what the market is doing today.

[Mr B]

Its still nice to know whether the market is going up or down, If its going up a great deal, people that are inclined to sell, will,
otherwise, if the market is going down, Just wait for a year or so, it will go up again, it always does,
Mooring fees Versus what ever you can get in a years time, Thats the hard part of the equastion, It may be better to sell now, and take a small loss rather then a big loss later,
If your not selling for 5 years or more, None of the above applys,

[sailpower]

I don’t disagree but he said that he wasn’t able to buy a second boat for under 10K until he bought a first boat and also did other things.

Didn’t sound like buying anything right now was an option for him so I was trying to post something cheerful.