311-SR-1 value
 

Need a little help guys,been out of the loop a while.I am tradng in a 1988 311 SR-1 that I traded in from the original owner and sold to a friend,now I am trading in in on my 2004 353.It is a Bravo boat,new Jasper Engines 420 re-mans about 4 years ago.Boat is clean,original Palm Beach Imron,original upholstery. I need a range of price that is realistic to move.The couple of 311's i've seen are crazy thru the roof pricing ,some are 35K and that's just nuts IMHO.What do you guys think is a realistic range? Thanks,Robert

Hey Robert ~ I sold my 1989 311 in 2009 (bad economy and all) for 34K on a 2001 aluminum trailer. It was a very clean boat, and had the original 420's with TRS drives with about 600 hrs. The boat was all fresh water use and boathouse kept on a lift. Hope this helps... Good luck with your deal!

I don't know if you can extrapolate a value from how I bought mine, but it might guide you a bit. Mine is an 87 311 with 650 hours, no trailer, fresh water all it's life, with 420 TRS drives. It is Imron 2 with dark blue as the primary color (color scheme added value to me). When I bought it, it needed the port side motor removed and rebuilt (had a knock). It also needs a couple of other minor things like the seat pedestals welded, one bolster actuator rebuilt, and a new cockpit cover. Aside from that it is in very good condition.

I paid $17,500 for it as-is, and after rebuilding the motor and installing it, I am in it about $21,500. If I was buying another one I don't think I would spend over $25,000 in this economy, but my lake does have a fairly recent speed limit which has adjusted the price of performance boats around here.

Might as well throw in a picture for good measure.

http://i290.photobucket.com/albums/l...-04-22_945.jpg

Hey Rob how are ya? hope things are well haven't seen you on in a while, some notables are with PS 311, it was the nicest 311 in the country hands down, I mean perfect!! also I think the economy as far as older twin engine boats is worse now then in 09, Donzi matt is spot on with what he told you if I were to buy a 311 i would expet to be in the 20-25 range, and if its pristine up to 30k, and that might be pushing it too. you definetly would have to be in it for 19-20 to not worry about getting outta it, there 311's out there for 30/32k but theve been for sale for ages

I think that as a dealer you need to be in the 15-20K range TOPS. IMO remans 4 years ago means they are no different then had they been new. I would try and stay in the 15 range.

I know I am probably out of line here but .... Perfect Storm no doubt is/was absolutely perfect ..... Here is my 311 the black one and a friend of mine's the red one ..... both are 1988s .... mine has 330s w/bravos approx 730 hrs sitting on a 2011 aluminum trailer w/electric over hydralic brakes.
Brand new in 2009 custom convertible top w/stainless rails and full mooring cover. It also has a $5000 stereo. This is kept in a garage on trailer when not being used which is climate controled year round. I am the second owner it was orginally rack stored.
The red one has 365s w/bravos sitting on a 2010 eagle steel trailer. Same canvas .....
Both 311s are on a scale of 1-10 ...... 8.5-9 colours are perfect ..... no scratches ..... no fading ..... extremely clean.

I would put flowers in mine before I would sell it for anything that had a 1 or 2 in front of it.

I think we could still pull in the $30s ...... especially with the new trailers and the shape they in.
You have to believe in the value you have in order to ask for the money you want then sell the value ...... the next step for someone to get into a solid performance boat is at mininum $30-40k more.

I struggle with this topic on a regular basis .... because I would like to move up myself.

Good Luck!

Jeff

if you struggle, it's because you are too high! I'm advertising my 89 35-7 totally up-fitted, spent 25 to 30 k in the last 5 years on it, asking 29k and get no call.

so, you are too high, just like I am at 29! otherwise, it would ring!

Joy of this economy. To get that screaming deal on the bigger boat we have to give away what we got...

Good to see you posting Robert. I hope all is well for you!

Chris

this one seems like a great deal.
http://www.offshoreonly.com/classifi...o41019-en.html

NADA low retail is $13,600 average retail is $15,250. That is with the 330's and no extras. Recent boat sales have yielded substantial deep discounts from NADA, (upwards of 20 to 40%).

I feel that this buyers market will start to turn around and see the seller with the upper hand once the used and repo'd boats, which have flooded the market, become less prominent.

Best case right now is to get what you want, and wait till the spring to sell what you have. Just my opinion!

Dave

PS: Good to hear from you Robert!

Robert...based on some of the deals out there right now on what looks like nice 311's I don't think you should get into it for more than LOW 20's at most including trailer. If someone wants to get into an OKAY 311 (I am not talking about clean levels anywhere near like Got Twins, his buddies or Perfect Storm) that is not whooped at all it can be done for the teens to low 20's. Couple examples (again not saying these are cream puffs but don't look terrible from pics which can mean anything) current freshwater 311's
http://syracuse.craigslist.org/boa/2511244615.html
http://kansascity.craigslist.org/boa/2511529036.html doesn't look like includes trailer
http://stlouis.craigslist.org/boa/2465961937.html --again trailer is AVAILBLE but might not be included
http://detroit.craigslist.org/wyn/boa/2472019232.html ---CLEAN
http://holland.craigslist.org/boa/2499299064.html --motivated seller

Ive been eyeing that up for a while now, but just not willing to give mine away lol

Robert, is this the 311 with fresh water cooling you had 2-3 years ago?

Sorry, but you guys that want $30k+ for these are going to be disappointed until the home equity line market comes back. Nobody who has that cash is buying a 20-something year old boat.

$15-20k is the moving price these days, otherwise it sits. If you want more than that, advertise in Canada and Sweden.

Looks like mid $20's is the range....

http://kansascity.craigslist.org/boa/2511529036.html

[http://loz.craigslist.org/boa/2497859338.html

Private sales and OBO's asking prices...for Robert if the boat is immaculate, lots of options and big motor package than low 20's would be max and then not sure how much he would be able to make on the boat even then without sitting on it for a while. Private party sales I think you are right on...mid 20's looks like it will get you a decent later model 311.

Thanks for all the comments.That is the beauty of OSO.Now I have a range to consider.I am going to bring the boat home and use it some as my personal boat to see just what I have and overall condition of everything.If it is as nice as I think it is it won't go at the low end of the range,I'll just keep it,as the 311 has always been one of my favorite Formulas.Thanks a lot for the comments and I'll keep you posted. Robert

Sold mine in June for $32k. 1991. Laser Imron.
It was immaculate, all original, unmodified, with low hours, stored indoors. 502 carb Magnums, 400 hrs. Lots of options.
The ONLY and I mean ONLY things wrong with it were:

Factory Kenwood CD changer no longer loaded discs properly (time to upgrade it to something with a flashdrive/ipod jack anyhow).
Gas fume detector sending unit needed replaced ($30 part).
The mechanical K-plane indicator cables were sticky and needed replaced (and I provided the new cables uninstalled with the boat).
The compass had a half-inch diameter air bubble in the top of the globe.

That's it. Perfect boat otherwise.
Adjust your pricing accordingly - that's the most recent sale I've seen of a really clean one.

Sold my '88 last year for 25K on a trailer. Rebuilt 454 Magnums and Bravo drives. Newer vinyl, upgraded stereo, very nice Palm Beach colors.

For sale over a year at that price, very few calls. Only one guy even came to see it; he bought it.