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Big-Boat Surge Leads U.S. Brokerage Sales
Among boats longer than 55 feet, U.S. yacht brokerage sales surged in February, the third month in a row that big-boat sales have out-distanced the same month a year earlier. Sales recorded by YachtWorld.com member brokers were up by more than 50 percent compared to February 2009, and the valuation of those boats increased by more than 100 percent.
Across all sizes, unit sales grew by a third, from 1323 in February 2009 to 1759 boats last month, and the value of those sales increased from $132 million to $221 million. Combined with January, the number of boats sold was reported at 3367, a 31 percent increase over 2009, and valuation was $411 million, up 55 percent.
Sailboat sales, after lagging behind the rise in powerboat sales in January, were up sharply in February, leading the market, with unit sales 41 percent higher (at 367 boats) and valuation up 77 percent (to $28 million).
All sizes of boats sold better in February than the same month a year earlier, with increases in unit sales of at least 29 percent. And while boats over 55 feet made the largest gains, strong sales were also recorded among boats 36 to 45 feet long, with 364 boats changing hands - 44 percent above February 2009.
The only negatives in February's report were that unit sales overall lagged slightly behind the five-year average for the month, with 1759 total boats sold, compared to an average of 1888. Also, as a reflection of the slowness of the big-boat market throughout the recession, it's not surprising that the average time on the market for the boats over 55 feet sold this year so far is up about 40 percent, to 515 days.
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