Boat Value

Phasma

Phasma2128
Sep 17, 2016
689
West Michigan
Boat Info
2003 360 Sundancer
Engines
Mercruiser 8.1s Horizon
Just when you get your boat looking and conditioned just the way you want it. Bam! Along comes a deal. I’m looking at a 2012 SeaRay 450 Sedan Bridge. It’s a freshwater boat here in Grand Haven. Looking at Yachtworld.com there is a $100k price range difference for similar models. I am wondering where to go to see the actual value of the boat?
 
Just when you get your boat looking and conditioned just the way you want it. Bam! Along comes a deal. I’m looking at a 2012 SeaRay 450 Sedan Bridge. It’s a freshwater boat here in Grand Haven. Looking at Yachtworld.com there is a $100k price range difference for similar models. I am wondering where to go to see the actual value of the boat?
Speak to a broker if you can find one that will give you information.
 
Just when you get your boat looking and conditioned just the way you want it. Bam! Along comes a deal. I’m looking at a 2012 SeaRay 450 Sedan Bridge. It’s a freshwater boat here in Grand Haven. Looking at Yachtworld.com there is a $100k price range difference for similar models. I am wondering where to go to see the actual value of the boat?

Check to see which engines are on each of those boats. Some of the 450s had the QSB 380 engines instead of the 480s - that would account for the difference in price. Do you have a listing we can take a look at? The specs should be there.
 
Careful with the soldboats site.

Depends on the model. Have a lot of first hand knowledge of bad data.

If the model you are looking at is a high velocity model - with a lot of turns - then sold boats will average out.

If it is a lower volume model - I wouldn't put much faith in sold boats.

Monitor price trends over time on listings. Work from an adjustment off of listing price.
 
Condition means enough in the value of a used boat that it makes price guides virtually worthless, unless there are enough actual sales data points to make the average meaningful.

If you are looking at 340DA, price guides may be a decent tool, but on something like a 5 year old 450DB, I think you would be lucky to find 1-2 comparables and the true value of the 2 may be 50% apart just due to condition.
 
I went back a little further than normal, January 1, 2017 through today -- but there are 7 reported 2012 450 DB's on soldboats with selling prices from 465K to 600K - specifically 470, 465, 475, 485, 499, 520 and 600. Send me a PM with your e-mail address and I'll send you the line item report and another report with more detailed into about each of the boats.
 

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