In an amazing twist in the yacht brokerage marketplace, powerboats, especially trawlers and downeast yachts have lead the comeback. I wish I could say the same for new power yacht sales. I recently worked with several clients in the power market and what I observed truly caught me by surprise.
I wrote months ago that prices seemed to have had bottomed out and were remaining steady, with sellers remaining consistent on pricing strategy. Today, it appears many choice offerings in the power market have been sold or are under contract! I called broker after broker only to find many of their listings were surveyed and ready to go to closing! If you are a consumer, sitting on the sidelines, and you are going to buy something, I wouldn't wait too much longer. This is November ( '09) and where many folks are putting boats away and boat yards become sleepy, business on the Chesapeake has become brisk!
