American Yacht Sales Drop in July: Brokerage sale of yachts in the United States declined by 3%, or 114 boats, in July over the same month in 2015. Total value of $332.3 million for 3,269 bolts sold was almost identical to the previous year’s figure.
Sales of boats more than 80 feet in length were lower by seven units, but the total value in this volatile category rose by 60%, from $29.3 million to $46.8million. Total value in most other categories declined.
Power and sail segments declined in volume with power down 3% to 78 boats and sail down 6% to 36 boats. Boats sold four days faster on average than in 2015 at 265 days. For higher volume segments, the only gains were among boats shorter than 26 feet. Sales here increased 1% as 1,045 boats exchanged hands with a higher average price to $25,900 from $24,500 than a year earlier.
Sales of boats in the 26- to 35-foot category, the highest-volume sector, declined 3% with 1,263 boats sold. The total value in this size range remained even at $74 million, with the average sale price increasing to $58,600 from $56,700.
Although the 36- to 45-foot range was one of the strongest in the first half of 2016, this category experienced a 5% decrease in July as only 716 sales were recorded. The average boat in this range sold for 4% less, down from $133,900 from $128,300.
Monthly sales also decreased in larger size ranges with the 46- to 55-foot and the 56- to 79-foot range down 14%. Average prices were even in the smaller category while then increased by 9% in the larger one.
For the first seven months of 2016, sale totaled 18,604 boats, 2% behind 2015. Total value was $4.3 billion, 3% lower than the previous year.
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