Northeast - Boat Buying/Selling "Seasonality" -- in the Northeast...

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RedSoxMan
02-28-2010, 12:37 PM
I want to take an informal poll of fellow THT'ers about the Buying/Selling Seasonality in the Northeast...

I guess it's common sense that the season sort of unofficially begins right about now: We just had the New England Boat Show... It's March tomorrow... People are sick of the winter...

Imagine charting the season by month on a graph... how would you draw a line on a monthly graph? When do you think the peak is? April? May? June?

When does the season start to wane? How much (percentage wise) do you have to discount your boat to sell in the Fall versus what you were asking in the Spring... 10%?

Any wisdom on this topic would be helpful.

Thanks,

RSM
:tht_rulez:


gf
02-28-2010, 01:04 PM
January & February are probably the toughest months in New England due to the weather and frozen water conditions.

Even people buying boats at this week's boat show probably all have the transactions pending sea (or lake) trial and delivery in April or May.

I purchased my previous boat in November 2003, took delivery of it in March 2004 and sold it in May 2007.

I purchased my current boat in October 2009 and will take delivery in April 2010.

I guess from my own experience Fall is a good time to buy and Spring is a good time to sell.

Legal Bill
02-28-2010, 01:56 PM
The four stroke out boards have really cut into the I/O sales. Most 25 foot Denalis I see are rigged with either twin 150s or a single 250 four stroke. Your price seems fair, but at the end of the day, the fair price is whatever you can get for it within the time you need to move it. March and April will be a good test for you. If there is not action during those months, you will have May and June to try a lower price. Most guys are set by then. I'm not saying no one buys boats in July or August, but from what I've seen, most guys are boating and not shopping.


gerg
02-28-2010, 02:12 PM
I got a flurry of interest in my last boat once March arrived. Interest seemed to fall of during the summer and picked up again towards the fall. I finally sold it in early October.

Lots of people are holding onto their benjamins a little tighter right now. Give it some time and be flexible on the sale price. There is a buyer for every seat.

ladyjane
02-28-2010, 03:35 PM
had put a deposit in aug. for a winter build got the boat in june of the next year

hanson
02-28-2010, 05:02 PM
I'd be very aggressive buying and selling in March and April.IMO theres not a lot of really good boats on the market that interest me.Marina bills will be due and if an offer is fair,reasonable people move forward.Im planning on Moving up and its gonna be a trade-off.If its a quality boat at a fair price a buyer will come.Things are flat but not everyone is broke.Good Luck

RedSoxMan
03-01-2010, 05:10 AM
Thanks for the comments, guys... All makes sense, and all what I suspected.

One thing, I don't fully understand the bias against I/O's...

They're arguably much cheaper over the long-term, even in saltwater. Parts are much cheaper. And if you ever had to re-power (after 20 years or so -- lol)... MUCH cheaper.

The newer ones, like mine, are fresh water cooled -- salt water never touches the engine. Also, I would argue that a boat with an I/O has more fishing room since you have the transom space, too. My boat has 360 degree of fishing space, with the I/O and unique flat bow. Completely unique for a boat with a cabin. My boat can go in a foot an a half of water -- so the idea that you need an Outboard for shallow water is completely over-stated as well.

4 Stroke OB's are the "new toy" -- and trendy right now. But, I'm not sure people are really objective about the pros and cons. Also, there's no way an Outboard -- even a Yammie 4 Stroke -- is as quiet as my Volvo.

Just saying...

:thumbsup: RSM

gerg
03-01-2010, 05:16 AM
One thing, I don't fully understand the bias against I/O's...


:thumbsup: RSM

Just speaking for me, I never liked I/O's for several reasons:

-- The lower unit is always in the water, and if the boat is in a slip up here in the NE they begin to look really nasty come around August. I never liked the idea of having to haul a boat just to clean the outdrive.

-- If you rupture the bellows of an I/.O, you are going to have an exciting, wet, day or night.

-- Outdrives are notorious for maintenance headaches. They tend to be very binary, either they work or they need to be replaced.

-- On a lot of smaller boats, there is no way to avoid an engine box, which cuts significantly into the cockpit of an already small boat.

Others will have their own reasons. Those were mine.

RedSoxMan
03-01-2010, 05:57 AM
Just speaking for me, I never liked I/O's for several reasons:

-- The lower unit is always in the water, and if the boat is in a slip up here in the NE they begin to look really nasty come around August. I never liked the idea of having to haul a boat just to clean the outdrive.

-- If you rupture the bellows of an I/.O, you are going to have an exciting, wet, day or night.

-- Outdrives are notorious for maintenance headaches. They tend to be very binary, either they work or they need to be replaced.

-- On a lot of smaller boats, there is no way to avoid an engine box, which cuts significantly into the cockpit of an already small boat.

Others will have their own reasons. Those were mine.

These are the standard criticisms and I respect your point of view. But, my point is, the criticisms have been over-stated.

My 25' Pursuit has six seasons in the water, not one issue. You clean the outdrive at the end of the season. You service it, and it's rock-sold. With a Volvo Penta that's fresh water cleaned, you know that no salt touches the engine. I guess if you left your boat in the water 365 days/year then you'd have to haul it to clean the outdrive (or have a diver do so)... But you'd have to do the same with an Outboard boat in the water all year -- at least to repaint the bottom. I think older outdrives (certain cheaper brands) had their issues, which no doubt has contributed to the fear of them.

Not arguing against newer 4 Stroke Outboards, just trying to give objective reasons for the newer breed of fresh water cooled Volvos...

RSM

Legal Bill
03-01-2010, 06:05 AM
^ I agree and will add this. I had two boats with I/Os and while I agree that the prejudice exceeds the practical differences, I too tired of the maintenance and limitations on draft. My Mercruiser could run with the drive about halfway up at low speeds, but steering was a problem. And the draft was still about 30 inches, not 18. I had to have one outdrive rebuilt and another replaced and even in years when I just had it serviced, it seemed the bill was quite high. The annual ritual of scraping, sanding and painting the outdrive was also a two day PITA.

I have no experience with the Volvo system, but when I was shopping for a new boat, the word I got was that they were more relaible than the Mercruiser, but costlier to service. In the meantime, the four stroke outboards had developed nicely and the reports of longevity exceeding 2,000 hours when well maintained meant that I would not likely need to repower while I owned the boat.

Deck space is better with the outboards, even if the motors are in the way when landing a fish at the transom.

hanson
03-01-2010, 01:56 PM
January & February are probably the toughest months in New England due to the weather and frozen water conditions.

Even people buying boats at this week's boat show probably all have the transactions pending sea (or lake) trial and delivery in April or May.

I purchased my previous boat in November 2003, took delivery of it in March 2004 and sold it in May 2007.

I purchased my current boat in October 2009 and will take delivery in April 2010.

I guess from my own experience Fall is a good time to buy and Spring is a good time to sell.
I think you're right on there......

Smink
03-02-2010, 05:19 PM
Sold this one last week of January;

http://members.cox.net/nova8063/DSCN1239.JPG

Picked this up third weekend of February, for an additional $541.00!

http://members.cox.net/nova8063/DSCI0059.JPG

I figure I got a jump on the crowd by advertising right after the holidays.....

Chuckster
03-02-2010, 07:25 PM
Never trust anyone who claims to be from Boston yet refers to it as "Beantown"...

:jk:

I've pinned down my last three boats in early fall.

Door#3
03-04-2010, 02:43 PM
I like to buy in January or February and sell in April. That has worked for me.

kevnhl25
03-04-2010, 03:08 PM
Just closed on my purchase 1.5 hours ago:) today is my 1st happy day:)

28 Henriques :thumbsup::thumbsup:

MacCTD
03-05-2010, 04:48 PM
I hate I/Os I have had both, new 4 strokes are not a fad they are are here to stay, the only advantage and I/O has over an outboard is cost. You will see less and less I/Os are time goes on.
As for you origional question, it does not matter what time of year it is, if it is priced right for what it is it will sell. Your boat is not desireable, I would plan on lowering the price if you need to sell it quickly, otherwise you may get lucky and find someone who is not interested in outboard boat and willing to pay, wait and see.

jbg108
03-05-2010, 05:26 PM
I allways seem to do really well in the fall through November and nothing in December. Lots of lookers in Jan and Feb but no buyers. All hell brakes loose in April through May.

RedSoxMan
03-05-2010, 06:18 PM
I hate I/Os I have had both, new 4 strokes are not a fad they are are here to stay, the only advantage and I/O has over an outboard is cost. You will see less and less I/Os are time goes on.
As for you origional question, it does not matter what time of year it is, if it is priced right for what it is it will sell. Your boat is not desireable, I would plan on lowering the price if you need to sell it quickly, otherwise you may get lucky and find someone who is not interested in outboard boat and willing to pay, wait and see.

I've had two full price offers in the past week -- and I'm closing tomorrow. So much for my boat "not being desirable"... :rofl::rofl:

I listed it a few weeks ago -- in February. I think the fact that it's now "March" has everything to do with the sudden interest. So much for "it does not matter what time of year..." :rofl:

A $75,000 25' late model Pursuit -- with 250 hours, one owner, perfect service records, perfect hull, and pristine engine... for HALF PRICE. New 25' Pursuit are selling for $100k. The new owner is lucky. Glad I didn't take your advice and lower it anymore.
:thumbsup:

MacCTD
03-06-2010, 04:11 AM
I've had two full price offers in the past week -- and I'm closing tomorrow. So much for my boat "not being desirable"... :rofl::rofl:

I listed it a few weeks ago -- in February. I think the fact that it's now "March" has everything to do with the sudden interest. So much for "it does not matter what time of year..." :rofl:

A $75,000 25' late model Pursuit -- with 250 hours, one owner, perfect service records, perfect hull, and pristine engine... for HALF PRICE. New 25' Pursuit are selling for $100k. The new owner is lucky. Glad I didn't take your advice and lower it anymore.
:thumbsup:


That is great,:thumbsup:
Where did you advertise it?

RedSoxMan
03-06-2010, 02:38 PM
That is great,:thumbsup:
Where did you advertise it?

Listed beginning of February...

-Bob at Anglers Edge (Awesome service/Awesome Guy -- I didn't get my buyer this time, but I have no doubt Bob would have, come April/May)
-Craig's List (Interested buyer)
-THT (Full price offer -- cash/trade -- AND interest)

But at the end of the day...

...my Wife Sent out and E-Mail last week to her network of friends (buyer found!) :rofl:

RSM

ladyjane
03-06-2010, 02:52 PM
I have diesel I/0 on fresh water 8 years no issues do not know about the salt.



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