Sales in the U.S. yacht brokerage market fell 3 percent in April from the same month last year.

The drop in volume was principally attributable to fewer sales of boats under 35 feet and the decrease in value was entirely attributable to sales of fewer and less expensive superyachts.

A total of 2,834 boats were sold in April, down 82 from 2,916 a year earlier, according to YachtWorld member brokers reporting in SoldBoats, their proprietary database. The value of the boats sold was $359.2 million, substantially below the $461.3 million registered in 2016.

Sales of both powerboats and sailboats fell 3 percent; 2,377 powerboats were sold and 457 sailboats changed hands.

Read more...