July Traffic Report 2018
Summer is in full swing throughout the country and just like last year people are buying boats to enjoy the water.
Winter, spring, summer or fall, now is still the best time to sell your boat.
With 7 boats sold in June, 6 sold in July and 48 boats sold this year, it is clear that optimism with our economy coupled with reasonable fuel cost has buyers seeking their dream boat.
MPYS sales by month in 2017 ranged consistently from 7-14 boats per month.
However, I have noticed some repeating trends over the years with regard to boat sales on the Treasure Coast. But please remember our buyers come from all over the world.
- Late model center consoles 22'-28’ with outboard engines are most popular.
- Boats with inboard gas engines with stern drives are often the hardest to sell here.
- Sailboats are popular and attract a lot of interest, but buyers are especially particular and purchases seem to slow down as hurricane season approaches.
- Name recognition like Yellowfin, Regulator, Grady White, Glacier Bay, Cabo, Hatteras, Sea Ray, Catalina, Beneteau and the like attract more viewers and consequently faster sales.
What does any of this mean to you?
We want to assure you we are selling boats. Marketing your boat on YachtWorld, Boat Trader and other search engines as well as our website and social media is working. There are buyers watching your boat.
If your boat is not attracting enough views to result in showings, let’s make sure we are talking. It is going to come down to price and condition in the end, but if we aren’t getting enough views it is only price.
Now let’s talk about our water.
For those of you that are not boating on the Treasure Coast or near Naples, FL, you may have yet to hear about our local problem with toxic algae and the drastic effects of continued releases from Lake Okeechobee.
For us, while it has not significantly impacted business, it is sad and very concerning for the future of our environment and even financial stability of many businesses. We will continue to sell boats, even if not to local residents, but our marine industry and related businesses like restaurants, charter fisherman, commercial fisherman, mechanics and marinas will all suffer. We are also very concerned about the effects on our environment and marine life.
We urge everyone to do their part to raise awareness and vote. The long-term future of Florida is being debated right now.
We look forward to speaking with you.
Best to you,
Licensed Florida Yacht Broker