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Market Intelligence for the month of April 2014

19th May 2014

Globally, April yielded 49 superyacht sales overall. Buyers who have been looking for their perfect yacht for the summer season have sprung into action and sellers wishing to avoid ownership during the autumn and winter months are accepting realistic offers. Camper & Nicholsons bring you the latest market intelligence on the superyacht industry, including statistics on the yachts that have just been sold, as well as yachts that have joined the sales market in recent weeks.

During the month of April it was reported that 49 yachts sold; this represents a 20% increase on March when 39 yachts were sold. Of the 49 yachts sold during April, 44 were motor yachts, ranging in size from 24m - 55.5m (79' - 182'), and five of the sold fleet were sailing yachts, ranging in size from 24m-40.75m (79' - 133'5).

The average asking prices of the yachts sold since the beginning of the year remains at a similar constant. In the 24-30m (79’-98’) motor yacht sector, the average asking price is currently at US$3.05 million, while in Euros it is €1.6 million. Mid-size yachts of 30-40m (98’-131’) currently have an average asking price of US$6.2 million compared with the Euro asking price of €5.2 million.

In the last issue of Radar we reported on the first quarter of 2014 and the ratio of sales in motor and sailing yachts and the number of yachts sold in each size segment. This issue we take a look at the average age of the yachts being sold. 8% of the motor yachts sold to date in 2014 were three years and younger; 23% were aged between four and six years; 28% between seven and 10 years; and 41% over 10 years old. Similar figures can be seen in the sailing yacht market, where 6% of the yachts sold were three years and under; 19% were four to six years old; 13% were seven to 10 years old; and 62% were over 10 years old. This shows that buyers could still be looking for a bargain and the older aged yachts are where these bargains can be found, or buyers are simply happy to refit rather than buy new. That said, as reported earlier, the new build sector also looks positive, with yards reporting on 735 yachts in construction for 2014; a substantial increase compared to the same period in 2013, when we saw 692 yachts in construction reported.

Looking at what is on the market today, 16% of the yachts for sale are sailing yachts and 84% motor yachts. Of the motor yachts for sale, 8% are 50m+ (164’), 13% are in the 40m – 50m (131’-164’) size segment, 37% in the 30m – 40m (98’-131’) size segment, and 42% are in the 24m – 30m (79’-98’) size segment. When coparing these percentages with the size ranges of motor yachts sold since the beginning of the year we can see that the size segment of yachts for sale and those sold are pretty much in line with each other.

10 sailing yachts joined the sales fleet during the month of April, whilst 55 motor yachts joined the sales fleets, seven of which were in the 40m-50m (131’-164’) size bracket. 25% of the motoryachts entering the brokerage market were ten years and older, whilst 41% of motor yachts sold during the same period were ten years and older. As more new yachts enter the market each year than are scrapped the number of yachts afloat will continually grow as new yachts come on to the market and old yachts carry on being used. This in theory should mean that the market of yacht owners is continually expanding.  

For more information on the latest market intelligence, please contact Camper & Nicholsons International.

by Camper Nicholsons

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The new build sector looks positive, with yards reporting on 735 yachts in construction for 2014; a substantial increase compared to the same period in 2013, when we saw 692 yachts in construction reported.