Below are some questions that we get a lot or found interesting. Some are in tutorial form to help you search our data better
1: When is the best time of year to sell your boat?
The age old question. With our sold data, we can group sales by month and see if there is any trend.
It appears that sales worldwide peak in the summer and are lowest in the winter from November to February. Why is the summer a better selling time than the winter? The logical answer would be weather when we look worldwide. But what if we look at somewhere where it is temperate all year round like Florida, United States. Is there a trend there as well? Or does a local weather pattern like hurricanes change the sales trend?
It appears there is a less pronounced yet similar preferrence there towards the summer despite the temperate year round weather and threat of hurricanes in the summer. Could there be another factor at play such as the holidays that happen in many countries towards the end of the year? Is the trend more related to weather or holiday disruption of the market?
2: Which broker is the top seller of a given brand (for example Sea Ray)?
Maybe you are a seller looking to list. Or you could be a buyer looking to find the most experienced buyer agent. With our sold data, we can do a search for any brand and then group the sales by broker. For example for Sea Ray?
Not surprisingly it is Marine Max. Now let's say you are in a specific location like New York and looking for a local broker there. You can filter not only based on brand but also location.
Hope this helps highlight the interesting research you can do with our data
3: Where do you get your data from?
The Buddha monitors the internet and pulls in data from yachts for sale websites. We currently update weekly everything on the site. The weekly update tracks price reductions, new yachts to the market, sold yachts, and inactivated yachts. One of the unique sets of data we provide is a price history of all the yachts for sale online. We mark exactly when they were first put up for sale and log the date and price whenever there is an update. A second unique set of data is the solds and inactives we provide. Please note that we do not have access to actual sold prices. All prices shown on the site are asking prices. A third unique set of data is the inactive yachts.
4: How do you come up with your Buddha values?
We use a proprietary algorithm to estimate the appropriate asking price for a given yacht and provide feedback on the variance via our "Great Deal", "Good Deal", "Fair Deal", "High Price", and "Overpriced" taglines. Please note all prices are asking price and not actual sale prices. Also please note that our algorithm is unable currently to take into account condition or equipment. The values given are very much average values for the given yacht you are looking at. The approximation is shown graphically with a selection of underlying sold datapoints and a depreciation line over those data points. The hope is that the value metric gives you a basis with which to evaluate a yacht plus or minus from. As time goes on we plan to continue to refine the valuation algorithm and welcome feedback on pricing errors found on the site.
5: What does it mean when there is no value available?
Usually this means that we do not have enough comparable data of similar yachts to confidently provide a price basis on this yacht. It is also possible that it is a new listing and that the system has not yet analyzed and put a valuation on the yacht. The older or more unique the yacht, the less accurate the valuation process.
6: Can you give me an estimate of what my yacht is worth?
Maybe. We can currently estimate the value of about 50% of what is in our database. Please see the notes above on caveats of the valuation and use our valuation tool at every page bottom and also here: Yacht Valuation Tool.
7: What trends do you see in the market?
The data shows that sailing catamarans are increasing in popularity while monohull sailboats are declining. The data shows a decline in sales of monohull sailboats that starts in 2007 and an acceleration of sales of sailing catamarans in 2014.