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What is the value on our boats now? I know with the market the way it has been the last year or so that used boat prices have fallen drastically for most boats. Is anyone willing to share their experiences in buying or selling their boats on the market? If you do, let us know what you paid on the market for a functional boat or if you got a good deal because it was a fixer upper.. Over time this should give everyone a good feel for what you should be able to sell your boat for given its condition or if your a buyer what is reasonable to pay for one. A stable valuation is a valuable thing for everyone as it give predictability to owners and buyers.
Also for those posting their boats for sale. I know that money is a sensitive subject for a lot of people and this is in no way a requirement for listing your boat for sale here. Having said that I would encourage you to list the asking price either in the post title or at the top or bottom of your body wit the details of your boat. I know that on other forums where I have been a member that this is done and seems to be very successful for the owners trying to sell their boats. Actually on one site because of all the information and involvement of owners in the online forums the value of the boats have actually gone up by about 30% in the last two years.
The photo linking or even ability to upload images to the forum so that you can share pictures of your boat for sale should be working now also. Pictures are worth a thousand words as the old saying goes.
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Here are the asking and selling prices of some DE38's sold in 2010/2011. Nothing about condition etc.. but someone donated this list to the cause and it is now up for your edification. I would love to have lists like this for all the models for the last decade.. I think being able to look at the trends would be interesting. I also hope that having the http://www.downeasteryachts.com site up with all the information and community support will have a positive impact on boat prices. though I suppose that is a relative to whether you are a buyer or a seller.. sellers happy buyers sad 🙂
| Length | Boats | Year |
|
Listed US$ |
Sold US$ |
Location | |||||
| 38' | DE38 | 1979 |
49,000 |
(02/10) |
45,000 |
(03/11) | CA, USA | ||||
| 38' | DE38 | 1979 |
49,000 |
(07/09) |
45,000 |
(01/11) | CA, USA | ||||
| 38' | DE38 | 1979 |
49,000 |
(10/10) |
45,000 |
(12/10) | CA, USA | ||||
| 38' | DE38 | 1979 |
39,950 |
(04/10) |
38,000 |
(12/10) | WA, USA | ||||
| 38' | DE38 | 1975 |
34,500 |
(07/10) |
27,000 |
(05/11) | TX, USA | ||||
| 38' | DE38 | 1977 |
30,000 |
(10/07) |
26,000 |
(05/11) | GA, USA | ||||
| 38' | DE38 | 1976 |
18,000 |
(07/10) |
18,000 |
(11/10) | Mexico | ||||
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We bought our 1976 DE32 in 2010 for $21,000, asking price was $26,000 and I don't know how long she was on the market, but from what I recall, only a year or so. We are located in Portland, ME. The old owner probably doesn't check this site much anymore, but if he does he can tell you more about the time she was listed, the offers he had, etc..
The biggest selling point for us was that her engine had been replaced with a 2002 Nanni Diesel, a Kubota engine marinized, and was running amazingly with only +/- 400 hours. While lots of work had been done (the headliner replaced was a huge one, lots of updates to the rigging, etc.) the boat didnt' have tons of gadgets and we negotiated with the seller that he could keep his dinghy (originally included) to save us some money. We think we got a great deal!
We looked at a DE 32 in Rhode Island that was listed at $15k (I think?) and the original Faryman was in place, and seized. We eventually negotiated down to $8,500 but chose to walk away when we found the other boat. (This was also in 2010, I wonder if she's sold yet?)
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We just purchased a 1980 DE 41 for 35K. A number of things are a little tired, but she is perfectly functional ... just like the 1978 O'Day 27 we relinquished at the same time. We'll fix/upgrade her over time ... we were so tired of not sailing because of potential bad weather on Puget Sound we just had to get a pilot house and Downeasters seemed to be the best value ... we wanted as little external wood as possible and if we had the money for a newer Nauticat or Halberg-Rassey, we'd get a catamaran.
Only major thing we would like is to carry a little more sail. She's sloop rigged ... think there is a chance of adding a stay sail and changing her to a "cutter rig" a.k.a double headed sloop?
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yes these boats were all designed with a staysail. Most likely someone modified her away from that. Actually all the pictures we have seen of the DE41 pilothouse models had staysails. I envy you.. I wanted a pilothouse boat in the worst way. You should enjoy her a lot. Do she have an actually cockpit with seats and comings or the more typical DE design with a flat deck and a foot well. I have seen at least one 41 that had the cockpit with comings.
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Congratulatioms on your pilot house- I believe that's the one that was for sale in Gig Harbor- great boat and for 35k great price! Love to see some pics on this site of her- maybe create a profile under the individual boats section for 41's-
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Yes, Sea Goose has a true cockpit. Good to hear about the staysail. I'll get a profile and some picture up over the next couple of weeks.
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I believe Downeasters are holding their value at about 30+K.
I bought Dolphin, 1977 DE 32, from a private party, in Washington this May.
She was cherried-out--so clean, bright work beautiful, new engine, appliances, upholstery, and simply, very very clean.
I had been comparing boats and prices world-wide for three years. I paid what the surveyor rated her--$38K which was, in my opinion, right-on for her condition.
From what I have seen since May when I bought her, I still think, even with lowered boat values, it was a resonable price.
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From the Webmaster
oh no:) instead of asking if you can advertise on the site you just spam one of the forums. I probably would have given you a link 🙂 Instead I edited your post and removed all the pertinent info and just left enough so everyone can get a chuckle that you got busted. So if you want to be listed here please give me a call at 843 465 6555 or email me at scott@scottcarle.com and we can discuss advertising terms.
Listen up spammers. Just don't!!! ask first!!!! if your a legitimate member and want to link to your business or product for sale then feel free. We will find the appropriate place on the site to do so. A legitimate member is someone that is a regular on the forums and or a DE owner. If you just stopped in for the sole purpose of advertising your product or business here then talk to me first or I will play whackamole with your posts.
scott
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So we just got an Insurance and Valuation survey done and Valkyr came in at 36,000 on the survey. Survey found her fully functional but with some cosmetic deficiencies. Just thought I would throw this back up and maybe get some of our new owners and others that might be able to help update the ball park figures for what our boats are valued at/selling at lately.
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I just bought a 1975 DE 38 for 19,500.
The Bad:
Needs some new lines,hatches repaired,big window replaced,decks painted,the cap rail repaired,the bow sprit replaced and some interior work.
The good:
Has a 34 HP Perkins with 500 hours on it and a newly refinished hull,2 sets of good sails and almost all the fiberglass is in excellent condition. Fairly new electric windlass and tons of extra's.
My Plan:
Pretty sure I can do it all for under 5K. So,for around 25K I should have a pretty nice DE 38.
Side note:
I wanted to get a DE 32,but I just could not find one near me. So when I saw the DE 38 and I could get it for the right price,I decided to go for it. Since I am going to live on it,it's probably not a bad choice as it seems quite large inside compared to almost all the 32's I was looking at.
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I just picked up mine in San Diego for $18,000. Pretty much everything worked except for the fresh water pump and the water heater. A few of the winches were in poor shape, but I just rebuilt them and things seem working fine.
The owner was getting rid of the boat because it started to sink when then raw-water foot pump failed. They cleaned it up, fixed the problems and dumped it in a fire sale.
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wow... nice deal. That is one of those johnny on the spot deals. [Image Can Not Be Found]
was there much water damage inside? or did they catch it while it was still in the bilges?
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The water got 18" into the salon. I can post a picture where you can see how high but basically you can see on the bulkhead where the water destroyed the finish. The floors, however, were finished with much more resilient varnish so luckily nothing was damaged there. The engine and transmission were partially submerged, and water got in the transmission ruined the starter. The owners replaced the starter, alternator, coolant pump. They also changed the oil and had a mechanic do some work on the engine. The transmission was pumped out and the fluid replaced. The engine itself shows no signs of water intrusion, but the transmission is another story. I'm taking samples of both the transmission fluid and the engine oil to have analyzed by a lab.
After taking the boat out once, and running the motor some it doesn't seem like there's much to be concerned about with the exception of the transmission. I pumped out the transmission fluid three times, flushed, repeated and finally the fluid didn't turn white after running it. I'm just worried that the day I had to motor the boat 10 miles did some damage to the transmission. However, since getting the fluid swapped it goes into and out of gear smoothly. The only problem is that the forward doesn't always "catch" and you have to wiggle the selector to find the "sweet spot" so I don't know what's going on there. Of course, it reliably goes into reverse without any problems.
Reading the blog history on this site, it's a relief to know somebody was able to pull the engine and transmission out without any demo work. If I have to pull the transmission out to, I know I can do it myself and just do a rebuild if needs be. I can't imagine a boat transmission with two gears is really all that complicated to rebuild. I've rebuilt motorcycles and what not.
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hmm... I was about to go ouch.. 18 inches above the salon floor that could have some issues down the road, and it could, but thinking about how these are built the things you have to watch for aren't to bad.. the floors are one as they are generally a teak and holly plywood over the fiberglass pans. The floor under the teak and holly is marine ply with lots of fiberglass and resin on both sides. Pretty bullet proof. The engine, but you seem to have that in hand. all the electrical wiring is above that mostly, other than the bonding wires. You will probably need to replace all of them as they will be corroding from salt water intrusion.. The bottoms of bulkheads but if it wasn't wet long and the wood was in decent shape before hand then you are probably good to go. all the cabinet doors are solid teak and will survive immersion just fine. was with fresh water and oil them. Your pump under the sink probably got wet. You might have issues there. Make sure all your through hulls and sea cocks are cleaned well so hat you don't have salt on the inside moving parts of the sea cocks and where the bonding wires are attached. other than stuff owners might have done over the years there probably isn't a lot else that would really matter if it got wet... oh water and fuel tanks.. make sure the outside of them is washed and flushed really well. You don't want salt sitting on them at all if you can help it. Long term it ends up being a bad thing as they sit flush against the upper bilge floor and can hold damp and dirt/trash under and around the edges of them..
Scott
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I have to check the bonding wires, I hadn't thought about that. The water pump was dealt with already, I just swapped it out. I don't know what to do with the tanks just yet or how much attention they need. From what I understand the boat didn't sit for more than 24 hours before they caught the leak. I've flushed the fresh water system and replaced the pump with a slightly larger Jabsco pump.
I've exercised all the seacocks weekly, got some solvent on the external moving parts to try to get any grime off of them. I need a haul out for paint sooner than later so I may just swap them out with Marelon. So far, I've not found any other "surprises" waiting for me. I had a rigger tune up the rig, so that's in good shape. I also rebuilt all the winches. I want to get the boat out for a day or so and get a chance to enjoy some time on the water, but that hasn't happened yet.
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if they are bronze and in good shape i wouldn't worry about swapping them out. Just make sure they are scrubbed good and maybe a coat of lanolin on them 🙂
Tanks should be fine just scrub and rinse the outsides where you can reach really good 🙂 Take a hose and flush that entire lower bilge area out with lots of water. 🙂 you will keep the bilge pumps running for a while 🙂
One warning. I cleaned off the outside of my fuel tank with a pressure cleaner down there and there was a lot of external corrosion on the forward leading edge near the bilge floor were crap had piled up in front of the tank and held moisture against it. When I pressure washed it it blew the corrosion off and put a hole right through the wall of the tank and fuel began to leak.. I would check that area of the fuel tank and if you have corrosion there empty the tank before getting crazy with cleaning it. It was a right keystone cops exercise getting that hole plugged up and the fuel leak stopped. Much better to take fuel out beforehand than after the fact 🙂 Not saying you will have that issue or that there is any corrosion there but you probably should check.
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if they are bronze and in good shape i wouldn't worry about swapping them out. Just make sure they are scrubbed good and maybe a coat of lanolin on them 🙂
One is seized. I may as well just replace it. The cost doesn't justify the time it would take for me to fix the fucking thing. I also want to install a new thru-hull for the raw water foot pump in the galley. Right now that's in a T joint off of the engine coolant intake, and that pump was the cause of the original leak. Plus the hose for that pump is so grody it's not even funny. Every time I run the foot pump, the smell is enough to clear out the cabin. I was thinking of putting a new thru hull that would run both the foot pedal pump as well as a wash down pump for the deck. There already exists a wash down hose, but it uses the boat's freshwater supply. Call me crazy but that seems like a huge waste of fresh water while at sea.
Tanks should be fine just scrub and rinse the outsides where you can reach really good 🙂 Take a hose and flush that entire lower bilge area out with lots of water. 🙂 you will keep the bilge pumps running for a while 🙂
Yeah, I'll give the bilge a good rinse out, I figure it can't hurt all that much. There are a few wires that run deep into the bilge but I think they're speaker wires that the original owners installed. If those burn out I'm not going to lose sleep over it.
One very positive thing is that the rigger said that the rigging has got a good 3 - 5 years on it before I need to really think about replacing anything.
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Yeah if you have a frozen sea cock I would replace it also. We did this a while back on one of ours. It was an original style bronze one held in with two bolts. The sink drain one under the sink.. real pain to get to. Had to haul just for it because it started leaking because of a rotting out teak pad it was mounted to. I replaced the pad with about 3/4 to 1 inch of fiberglass epoxied to the hull as the new pad. It should be bullet proof into the future. I think we used either an apollo or groco thru hull and seacock. Decent high quality bronze. It should last another 30 years or so I am sure 🙂
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here is a post I made a while back that has a little list of links to great writeups on replacing your seacocks.
I thought I had some pictures of my project but I can't find them..
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I've had my '38 cutter on the market for almost a year, first posted at $35k recently reduced to 29.9. many keel kickers. the boat needs cosmetic items and electronics, although it does still have the original farymann which runs well.
not sure where the bottom line is going.
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We just bought a DE 38 Ketch here in South Florida. The couple had timed out (69 and 79) after living on her for 20 years so while everything worked and there had been not been any devasting long-term leaks as Erick has had to deal with, everything is pretty tired with the exception of the engine which is the 4th they've put in and probably a little large at 54 hp. The wiring was the funniest with wire nuts sticking out everywhere. I think the owner was much more practical than he was aesthetically inclined but the boat is sound and a good starting place. She was listed at $55,000, we settled on $45,000 before the survey but the surveyor pegged her at $32 so we settled on $40. We're planning our first shakedown to be Florida to New England next spring but before that will be new rigging, LED mast lights, bronze (I think) chainplates on the outside and probably all new sails: Mack Pac with lazy jacks on the mizzen and main (the best for single handing), roller furling on the jib and staysail. If there's money, Awlgrip on the topsides. I'm pretty sure that someone in the islands put house paint on with a broom.
That said, we're so excited! We've sailed a Bayfield 25 in the Intracoastal for years and while we've traveled far and wide in 25 feet, 38 will be the lap of luxury!
Rick and Wendy
SV Orion
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I bought my 1977 DE38 (Cutter Rig) one year ago here in South Florida. For $45,000 --- 15% Above BUC Condition ($45,195) It was a 3rd owner who had lived aboard and sailed the Caribbean for the last 10 years. I was lucky to find this boat before it listed with a broker. I had searched for more than year nationwide for one of these models and all but given up finding one in decent condition.
This boat is very exceptional. Everything has been replaced new starting in 2016, Cutlass, dripless brg, engine -yanmar 40 w/ 150 hrs, All new standing and running rigging, Rolling Furling, New butterfly hatch, All New Sails done by Mac Sails, All new canvas, Bimini, dodger and sail covers, New Bow Sprit, new bottom, peeled and reglassed, hull awlgrip painted, topsides awlgrip painted and new awlgrip non-skid, Port lights, All new wiring, Plumbing, upgraded and new 30gal holding tank. Interior woodwork: new oak ceiling, no headliner & cabinetry redone in Oak. (Not my 1st choice to have used) It has Davits, Solar, wind, radar and navigation. She carries 750 amp hours in 3 battery banks.
I added new A/C w/heat and refrigeration and an overhead matching cabinet over the galley sinks and teak swing up counter for added counter space. I'm about to install new Pin rails and belay pins. This boat looks Brand New, inside and out.
As far as selling price & determining valuation for any boat.. A boat is only worth what BUC places it at depending on the condition. Then the surveyor has to document it as such and a few limited banks will still loan 20% against the survey. Mine is with Lafayette Federal in Rockland Md.
BUC Valuation for a 1977 Downeast cutter is $35,400 to $39,300 (BUC Condition) No Adjustment --- Plus 15-20% (Excellent Bristol) --- Plus 10-15% (Above BUC Condition)
Minus 10-20% (Fair) --- Minus 25-50% (Poor) --- Minus 50-80% (Restorable)
Paper Moon surveyed at $48,000 with a replacement cost of $380,000 by Florida Marine Surveyors
I own the boat at a loan cost of $36,000, I think I got a really good deal. She's completely refitted for another 20 years of service. I'm hoping at some point these Downeast Yachts become collectable and sought after considering they are fast approaching antique status.
Leo & Marie
SV Paper Moon
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