Does a distress sale set the market?

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12-07-2008 | 06:37 PM

#51

Cash Bar

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From: On the way to a PR near you

Quote:

Originally Posted by Jupiter Sunsation

Thought of you last night, went to a boat parade party in Jupiter. The house it was at was for sale, buyer bought it in Nov. 07 for 3.5mm and tried FL for 7 months and hated it, moved back to N.J. Realtor was there and he sold the house originally so I inquired how the resale was going. He responded that the house is unique (5500 sq ft, direct ICW on an acre) but the offers are 20-40% less than asking price (3.9 mm).

You know his name or agency?

Never can have too much to offer my guys.

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12-07-2008 | 07:39 PM

#52

omerta one

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From: LOTO

Quote:

Originally Posted by Jupiter Sunsation

These were there:
http://www.offshoreonlyclassifieds.c...o19056-en.html
Been for sale on OSO for over a year.....

http://www.offshoreonlyclassifieds.c...o21517-en.html

http://www.offshoreonlyclassifieds.c...o20758-en.html

I believe the other boats on display were pre-sold customer boats (46 RR and a 50 Marauder).

Here was Lauderdale show Oct 08:

http://www.offshoreonlyclassifieds.c...o25864-en.html

http://www.offshoreonlyclassifieds.c...o23151-en.html

Not picking on Cigarette (but their boats are more unique/ memorable/ non production).
Hideaway still owns the Vegas OL 46 Limited that is a new 07 approaching its 2nd birthday but some will say it is because it is a theme boat.

So 1 unsold Miami boat show boat...and 2 others; yet you fail to mention all the others that have sold; Pier 57 sold at least 6 2008's. Not saying there isn't some inventory; sales are slow...but Lauderdale was only 6 weeks ago. I think your spin is a bit one sided w/respect to Cig. The economy stinks right now and we'll have to ride this out...but as i said before, it's hard to pick the bottom.

Last edited by omerta one; 12-07-2008 at 07:44 PM.

12-07-2008 | 08:03 PM

#53

dreamer

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From: cleveland

whats different with this cycle is that the lenders have pulled out

12-08-2008 | 09:37 AM

#54

Jupiter Sunsation

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[QUOTE=omerta one;2754849]So 1 unsold Miami boat show boat...and 2 others QUOTE]

No all three of the boats listed were on display, black one from P57 and two from Sportboats marine........multicolor 700 39 and burgundy top fish......

We can do it with any manufacturer not just picking on Cig....