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November 16, 2011

By the Numbers: Yachting in Fort Lauderdale

Filed under: Lists — Richard Jordan @ 12:00 am

I am doing market research about the brokerage market in Fort Lauderdale this week. Please see below for statistics. Next week I will do some analysis and interpret what the data means.

General Fort Lauderdale Statistics
10.84 million visitors to the City of Fort Lauderdale in 2010.
165,521 residents as per the 2010 census.
45,000 resident yachts in Fort Lauderdale.
200 public slips and moorings in the City of Fort Lauderdale.
165 miles of navigable inland waterways.
123 bridges.
100 boatyards and marinas.
50 cruise ships.
7 miles of public beach.

Brokerage Statistics
4,378 brokerages worldwide.
1,973 brokerages in the USA.
645 brokerages in Florida.
100 approximate brokerage in Fort Lauderdale.
804 individual salesperson members of the Florida Yacht Brokers Association.

Yachts For Sale Statistics
106,908 yachts for sale worldwide in the brokerage MLS.
54,086 yachts for sale in the USA.
11,719 yachts for sale in Florida.
1,636 Lauderdale yachts for sale.
1% of world’s yachts for sale in Fort Lauderdale.
3% of yachts for sale in the USA in Lauderdale.
13% of yachts for sale in Florida in Lauderdale.

Lauderdale Yachts for Sale
1,488 total power yachts in Lauderdale
395 number of yachts asking 1 million or more.
246 sport fish yachts.
173 yachts over 100 feet.
148 total sailboats.
56 multi-hulls.

Length and Value of Yachts in Lauderdale
2 billion approximate value of all 1,636 yachts for sale.
1.5 billion approximate combined value of all 173 yachts over 100 feet.
450 million approximate combine value of all 875 yachts between 40 and 100 feet.
50 million approximate combined value of all 624 yachts under 40 feet.

Sail vs. Power in Lauderdale
1.934 billion approximate value of all powerboats.
66 million approximate value of all sailboats.
19 million asking price of MITseaAH, the highest valued sailboat.
28% percentage of sailboat value made up by MITseaAH.
10:1 ratio of power vs. sailboats listed for sale.

Sold Information in 2011 for Lauderdale
285 million gross sales of yachts over 100-feet.
451 power boats.
83 sail boats.
25 multi-hull sailboats.
5:1 ratio of power vs. sailboats.
2:1 ratio of mono vs. multi-hull sailboats.

Comparison of Lauderdale to Annapolis and Newport
579 yachts for sale in Annapolis.
538 yachts for sale in Newport.
3:1 ratio of yachts for sale in Fort Lauderdale vs. Annapolis or Newport.
1:1 ratio of power vs. sail in Annapolis.
4:1 ratio of power vs. sail in Newport.
0 yachts over 100-feet in length in Annapolis.
9 yachts over 100-feet in length in Newport.
19:1 ratio of over 100-foot yachts in Lauderdale vs. Newport.
14 yachts asking over $1 million in Annapolis.
52 yachts asking over $1 million in Newport.
28:1 ratio of yachts asking over $1 million in Lauderdale vs. Annapolis.
7:1 ratio of yachts asking over $1 million in Lauderdale vs. Newport.

References

Looking to Purchase or Sell Your Yacht? Please Contact Us.

Our professional and knowledgeable brokers are not only attuned to the ever changing international market but also have thousands of bluewater miles under their belts. We have the experience and integrity to ensure that your purchase of a boat will be a decision that you can be proud of.

Jordan Yacht and Ship Company represents fine sail and power yachts worldwide, both new and used. The majority of our many listings are just minutes away from our office. Call or email for an appointment and let Jordan Yacht and Ship Company help you launch your dreams.

  • Theestd

    Hey,
    Thanks! Great post you have written on “By the Numbers: Yachting in Fort Lauderdale”.Really I can say that your post is very informative, I’ll come across your blog again when you will update it with new.
    Thanks,
    Robin
    Yachts in India

  • Thanks Robin.  You might like my follow up to this post: http://www.jordanyachts.com/archives/5127

"I wanted to send a note to the owner of Jordan Yachts because my wife and I have been blown away by the service and efficiency Tom Harney and the office staff in the purchase of our sailboat that is closing today. To say the least Tom in our view has gone above and beyond to help us newbies in the sailing world get all our ducks in a row. We feel his help has be extraordinary. We feel you have a great staff and would highly recommend your services to anyone." - PG, SV Pelican