The state of used boat market

[Golfman25]

Bringing up this thread again. …
I am starting to see (in my area) a lot of mid 20k boats suddenly dropping to low teens.
Not years, dollars. Like 2000 - 2006 260s pushing as low as 12k. I am starting to feel panic in the ads that some sellers are felling.
Everyone needs at least 3 to 5k improvement. Canvas, water heater,upholstery, etc, but starting to get a sense of panic in some sellers.
Came across a nice 92 270 in western state. I made a comment to owner that I loved the boat and color. He was begging me to come get it and would drop price to what I could afford, needs it gone. Are we seeing panic selling?

I don't see panic selling. But I do see a lot of price reductions, mostly nominal, but reductions nonetheless. I still see you must be stupid pricing as well. I do know, sellers have become a bit easier to deal with. Been look at a couple and have gotten the info I needed to decide whether to move forward. Some buyers I'm competing with have had financing fall thru. I'm in no hurry and think we may see a few "deals" pop towards the fall.

Inventory is still a bit low, but seems to be building on some models. For example, in my area 330/340/370 are slim pickings, but 310s are piling up.

 

[El Capitan]

Everything is coming down boys.

Be patient.

 

[PlaneGuy]

I sold my 1995 Silverton 41C a few weeks ago without even trying! I had a guy approach me and make me an offer so I sold. Now I am looking for a 340 and as soon as one pops up for sale it is gone. However, a broker I have been talking to says new boat sales are slowing and the lower end boats are getting reduced in price to sell. He also said next year would most likely be a buyers market.

 

[El Capitan]

I sold my 1995 Silverton 41C a few weeks ago without even trying! I had a guy approach me and make me an offer so I sold. Now I am looking for a 340 and as soon as one pops up for sale it is gone. However, a broker I have been talking to says new boat sales are slowing and the lower end boats are getting reduced in price to sell. He also said next year would most likely be a buyers market.

Look across Great Lakes areas. Good hunting!