Since we just sold our boat, we were interested to find a 2018 Q3 market report on catamaran sales and we able to see where we fit in the overall strong “seller’s market.”
It was posted by Wiley Sharp, who is a broker for Denison Yacht Sales and well known in the catamaran community for his strong presence on YouTube and various closed/private sailing communities on Facebook.
In this short video, he goes into why he thinks the catamaran market is so hot right now (which was to our benefit), and touched on a few interesting numbers:
- 55% of all catamarans sold in the US in 2018, sold in under 6 months.
- Specific to Leopards, there were 17 that sold in Q3
- 76% of those sold in less then 6 months.
- 12% sold in 7 to 12 months
- Overall 88% sold within a year.
If you click on the “SHOW MORE” within the video information section, you’ll see Wiley has posted a number of sale sheets that show the year/make/model of boats sold with the listing/closing price, and time to sell included.
Normally you don’t have access to this information without talking to a broker first, and even then it’s only accessible with some varying degrees of difficulty. For both prospective buyers and sellers, these sale sheets provide very useful information.
Here are the ones that are applicable to our sale:
While it’s possible to sell (or buy) a boat anywhere in the world with access to online services like Yacht World, as the boat was sitting in South Florida, the Caribbean and US market was our main competition.
With so little inventory available, we knew that our boat was in demand, which was one of the reasons we decided to sell at this time.
You can find LOW FLITE on both the US and Leopard Catamaran Sale sheet as a 2015 Leopard 44 that sold in 0 months. It sold so fast because we were in the right place at the right time and ended up with multiple offers, even before the boat listing went live on the market.
We were very fortunate, and benefited from this particular market that Wiley describes in his video. Something that we likely won’t encounter in the future.