The CRAZY Used Boat Market

[NG572]

Here in MN I have noticed a few boats are starting to be back in stock at the dealers. Supply might be starting to catch up with demand. I have also seen several boats going up for sale on FB. I saw one that seemed fairly priced, everything else was bonkers. This fall I would bet a wooden nickel that we see A LOT of boats go up for sale as people realize they have a $800 plus monthly payment sitting on the driveway.

[ZaraCroft]

Can you tell me where your folks moved to and from where so I can get a better idea Grebva3? Obviously moving from new york to a suburban area would cost less but how much less?

[duffymahoney]

I have been trying to buy a newer used boat. Probably a MB B52, I have seen a huge drop in prices in the last 2 months.

[cucv]

I have been trying to buy a newer used boat. Probably a MB B52, I have seen a huge drop in prices in the last 2 months.

Duffy, what other upgrade boats are you considering? I recently test drove some new boats but am finding the ol' 22v is still a great boat considering the cost to upgrade to a newer boat. The hardest thing is I can't increase the freeboard on the 22v.

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[Duneit]

Prices are starting to come back to reality. I recently purchased a 2016 RZX with 145 hours for 70k. In a couple more months that won't seem like a good deal. They'll probably go lower.

[highroller]

Prices are starting to come back to reality. I recently purchased a 2016 RZX with 145 hours for 70k. In a couple more months that won't seem like a good deal. They'll probably go lower.

Wow that’s a really nice price. There’s one out here in Ontario Canada asking about that but it has gelcoat waterline issues.

I bought a 2013 rz2 in June 2020 for 50 and sold it in 2021 for 77 usd after putting over 100 hrs on it.
This year bought a used 2019 zx1 from Cali in January, put 70 hrs on it and have it sold pending inspection in Ontario Canada.

[Bretlee]

It's definitely true that house prices in many areas around Vancouver have skyrocketed in recent years. Your experience buying in 2013 for $570k and seeing its value nearly double is a great example. For folks looking to get into the market now, it can be daunting, with sub-$800k options seemingly non-existent.

While a national correction in real estate agent is a possibility, it's also true that local markets can have their own dynamics. The point about boat prices is interesting — if buyers Dylan to the new higher prices, it can become the new normal.

[duffymahoney]

You can now get a used paragon for 50% or more off. I am hopeful to buy 20-30% down in value in the next 2-3 months