With the start of the European summer season well underway, Camper & Nicholsons bring you the latest superyacht market intelligence.
The first quarter of the year has started well with over 87 yachts selling, a 24% increase on the same quarter last year. The difference this first quarter of 2013 compared to the first three months of 2012 is the fact that the US priced yachts out sold the EUR priced yachts not in volume but in value. The total combined asking price for all the yachts sold in the first quarter exceeded EUR 590 million, an increase of 36% of the same value last year which stood at approximately EUR 436 million with March selling the greatest value of yachts sold. The ten sailing yachts sold in this first quarter equal the number of sailing yachts sold in the first quarter of 2008 since then, the beginning of the year has not seen a big number of sailing yachts sold, only one in 2012.
During March several new yachts entered the sales market with one of the largest being a Nobiskrug at over 70m, followed closely by a 60m Feadship that has not been offered for sale previously and also a semi-custom built Christensen with an interior by Carol Williamson & Associates.
Currently there are over 850 yachts worldwide for sale in the 24m-30m range showing an approximate 16% growth in market compared to the same period last year. The market as a whole from 24m and above is currently just over 2,000 yachts with 150 yachts accounting for the 50m+ market. The sailing yacht market currently has approximately 300 yachts for sale 38% of the yachts for sale are 24-30m, and 39% are 30-40m, whilst 18% are 40-50m leaving 5% of the sailing yacht market over 50m.
Should you need further, more precise or detailed information, please do not hesitate to contact your Camper & Nicholsons' broker.