Florida yacht brokers showed mixed sales results during the first half of 2014, depending on the segment of the market in which they specialized. Sales of boat less than 36 feet in length dropped 11 percent to 1,897, down from 2,136 in the first half of 2013. Total sales value of this category decreased 3.5 percent to $99 million, down from $102 million.
The upper end of the market fared better, particularly for brokers selling in the 36- to 79-foot range. Segment sales increased nearly 6 percent to 1,240 units, up from 1,172, while total amount paid rose from $362 million to $408 million. Sales of boats more than 80 feet were flat, up only two units to 75 boats sold. Value declined significantly, however, down 30 percent to $495 million from $708 million.
Overall Florida brokerage decreased 5 percent, or 169 units, to 3,212 boats. Value dropped more than 14 percent from $1.2 billion to $1 billion, primarily due to decreased superyacht sales value. Powerboats saw the largest decline, dropping nearly 6 percent to 2,794 units sold, with value dropping more than 12 percent to $954 million. Florida sailboat sales fared better, dropping only 1 percent to 418 units compared to the first six months of 2013, although total price slid 42 percent to 448 million.
Florida brokers could possibly be suffering from a declining inventory of quality, pre-owned boats particularly post 2008 models.