Hfoster,
You bring up an interesting perspective in the class of boat, (Yacht) you are looking at. Because in this market, as I understand it, the yachts in that high price range are selling, new. The middle class range of boats are sitting on the market, new and used, without much activity in sales. However, in the high end range of yachts there are people waiting for the manufacturer to complete the yacht for delivery.
I agree with your assessment for your situation and it sounds like you are moving toward the smart way to purchase your next yacht.
So, what is going on in your price range? What is the difference between your perspective and what seems to be going on in the higher range yacht buying world?
Interesting...
Randall.
I have been watching the larger vessel market for well over a year now. As you said, the used mid range Yachts are not selling that well. The mid range (yachts) that I have been watching are from 65' up to 90'.
My wife and I want our vessel length to be around 70 to 78 feet. So we are in the range that is not selling to well compared to the smaller vessels that are on the market. (below 50')
I have been seeing prices drop and drop over the pass few months (a drop of about 200K on the prices) at a time on any given vessel. The vessel I have been watching for us stated our at 2.25 Mil when I first seen it and now it is down to 1.925 Mil. I believe this vessel will drop down to about 1.7 mil or so, if not lower.
Once it hits that price, I will go and take a hard look at it, and if it is good shape, I will make an offer on it.
I also believe the market is going to take another hard down turn within this year and I am also sure by the end of 2016 the boat market as a whole will take a hard hit as well.
As far as boat builders selling new vessels? I am sure they are but the last report I read (2013) on new builds reported a drop of 28% on mid range yachts. Now do not confuse these reports on gross sales. That is up due to fact they are charging higher prices on new vessels to keep their profits up.
You are also right that boat builders are pushing 50 to 60 footers. Their lager range vessel have not been selling nor have they been getting orders for them.
I can name a few different companies that are show new 50 to 58 ranges vessels at boat shows this year. 2 of the top of my head at NH and Fleming. I'm guessing they seen the market turning some time ago and put their chips on smaller vessels.
That is my thoughts anyways.
Happy cruising
H. Foster