C-Dory pricing

[RThorn]

We will be in the market for a C-dory in the next few months. It seems like the prices are all over the map for the boats. Seems like a bigger spread in the 25' cruisers.

How do you determine a fair price? I about nada but those numbers are crazy low.

Are prices going up right now (kind of like the used car market)

Thanks for any guidance.

 

[Boont Boater]

We have previously owned a CD-25 and currently have our Ranger 29 for sale at a broker in Anacortes. We’re thinking about buying another CD-25 or maybe a Venture after the 29 is sold. What I have learned from the broker (Russ Meixner) and talking to employees of Ranger and NMI is that these guys are over a year out on boat orders. However some C-Dory dealers may have boats already allocated by the factory that they could sell. In other words lots of demand and short supply. Also NMI makes a lot less C-Dories then the old factory/owners. Personally I’m hoping that this winter the market might start to change as some johnny-come-latelys decide that they have had enough of the boating experience (and cost). We paid $65,000 for a nicely equipped, one year old CD-25 in 2008. I’m seeing similar boats going for that much now! I believe the new ones are around 130k+ from the factory.

There are others on this forum who know waaayy more then I do about history and pricing. I haven’t been paying much attention until recently . Searching the forum could give you a lot of good info. Good luck!

 

[thataway]

The 25's have for the most part been consistent. There has been some "inflation" in the price recently in all boats. There is a shortage of good boats, and that drives prices up overall. There are some 10 year old (non C Dory) Center console in the mid 20's which are currently selling for more than when they were new.

A clean well equip mid 200X will sell in the $65-70K. Most of the 25's were Bult in the 2005 to 2007 era. Fiberglass interior in the 2007 model year--build date Dec 06 is also desirable. Also it depends on what electronics, camper back canvas, upgrades in electrical, and condition. Also engine hours, and repowers will add value.

There were 6 1995-96 C Dory 25 Cruisers. These rarely come on the market--My son owns one. They will generally be in the low 40's. A not so clean 2003 boat will run in the high 40's to low 50's. There were changes--with dual side fuel fills coming along in the 2005 era. Also early boats had the sewage tank aft, with a conventional marine toilet. In 2006 the self contained 9 gallon holding tank in the base of the commode because the standard, and the water tank was moved aft..

If there are soft spots, in the deck, or the boat is poorly kept, the price will be lower. For example I paid 30K for my first 25 (a 2003, with holes in the cockpit floor, and some delimitation of the V bunk forward..). But fiberglass is always fairy easy to repair. We replaced the cockpit floor, and rehabbed the forward bunk.

Generally the Venture 26 runs a bit more than the C Dory 25.

 

[kaelc]

Some good knowledge already shared. A professional survey is a good place to start on figuring out value but it is mostly the seller that determines the price when demand is high and supply is low. Just do a search on Craigslist or Facebook for 22-30 foot boats with outoutboards and see how low the supply is and for comparable values in boats.

There are tons of factory options and upgrades combined with build quality of the year and maintenance and condition that could factor into pricing.

I believe replacement for a well equipped 25 and trailer would be well over 200k. To me the price is determined on build year and hull condition, power, trailer, electronics, canvas, factory systems installed and systems added.

I remember passing on a 25 because it didn’t have the full camper back canvas that I would budget 6-10k for to have made, and take a ton of my time to get it done. When I bought mine I over paid for electronics gps/radar that crapped out and we invested probably close to 10k to get it to where it is today with autopilot dual screens/steering stations and radar/ais. We also upgraded the trailer costing 10k and really think it is a good investment. So it is easy to see where a seller could value the boat 25k more than another seller.

I would expect to pay 50-100k for a good used 25. They do come up below 50k but I would guess often older needing significant work or are basically outfitted with a single main.

 

[hardee]

Price on any product is based on supply and demand. When supply drops, and the product is still a wanted item, the value goes up and the price paid to acquire the item will follow. When no-one wants the item, the price will fall so the seller can unload.

On something like a boat (read C-Dory), the price will follow the pattern. However, there will be a range and that will be dependent on the condition of the product. A boat that is stored indoors, cleaned and cared for after each use will have a higher value than the same boat, same year same accoutrements, but has been parked outside in the weather, under a tree, never cleaned and waxed, just will not have the same value -- maybe by thousands of dollars.

I think the average C-BRAT has a much higher than average knowledge in the marine and boating world and due to that, the average C-Dory will have a higher value that Brand X of the same year. There are outlier's, for sure, but those go to both sides of the pattern for both C-Dorys and non-C-Dorys.

Whatever, if you are looking at getting insurance for your boat, be sure your agent does not use NADA for a boat value. You may not even be able to replace you dingy. :shock:

When the factory dropped the 16 and 19 foot boats, my prediction is that the value of those boat would go up. Don't know if we have seen a big swing yet, but in isolated cases that has been true already. What is true is that those boats have not come up for sale as often as before. If those boats are well taken care of, and I think most of them are, they will be worth more than new price.

On the other side of the fence, the boats that are being turned out of NMI now are good, high quality workmanship, but when they come out and don't have the C-Dory trademark Shearline and Brow color stripe, they don't look like C-Dorys and I think those original purchasers are going to take a hit when they want to sell a "C-Dory" and it doesn't look like a C-Dory. We saw that happen recently on a rebuild that sold for less than rebuild cost because it didn't look "right".

That's my Marketing of C-Dory 101 version. Of course there are other opinions, but they are just opinions :shock: :? as is mine :lol:

Harvey
SleepyC :moon

 

[thataway]

Harvey mentions insurance. I always get "agreed value". This often will be a bit more expensive, and will always be above the NADA or BUC value. If I make expensive additions, then I will ask that the agreed value be increased by the amount of the upgrades. Persons without prior boating experience may have trouble getting insurance, especially on an older boat...

 

[bridma]

Mine was not a C-Dory but the message is worth reading. Last Fall I accepted a offer on my 1993 Camano Troll,at the last moment the deal collapsed. So I took it off the market for the winter and brought it back on in May. It sold fairly quickly for 10k more than I accepted last year. Happy me.
So seems used boats are selling well. While Covid is hanging around and boat manufactures are struggling to meet demand for new boats. Used boats are selling for a premium.
I sold my C-dory 6 years ago after owning Nomad for 6 years, got all my money back. So if you want a C-Dory, do not procrastinate and have financing in hand.

Martin.