Camper & Nicholsons contemplates recent brokerage activity, latest market figures and new trends. This March we focus on buyer demographics and see that the US economy is leading the way in both new build and brokerage yachts.
This year to date the market has seen ample brokerage activity with 59 yachts sold to date and 130+ superyachts coming onto the market. Activity in the brokerage market is steadily continuing and the outlook for the remainder of the first quarter looks positive.
Looking at the size and type of yachts on the market, the 30m-40m motor yacht size segment is the size bracket that has shown the most intriguing health in terms of sales to date this year, with 22 yachts sold, representing 3.1% of this size segment that are for sale. The 24m-30m size segment, which has 761 yachts on the market, saw 20 sales, and the 40m-50m size segment saw 10 sales, representing 3.4% of this size segment that are for sale. The 50-metre+ size segment was also healthy with six yachts sold out of 149 on the market.
We are seeing an increasing number of new buyers, making the split between new and existing buyers almost equal. In terms of geographical location of clients, the US proved fertile during the last quarter of 2014. The largest growth in demand came from North America. The US economy is leading the way in both new build and brokerage yachts. Camper & Nicholsons have six offices spread over the US and the team have been flat out with the buoyant market.