Archive for January, 2010

ATLANTIC CITY BOAT SHOW

January 31, 2010

With the energy and excitement that prevailed at the Baltimore Show we head to Atlantic City with much anticipation. Should you decide to visit the show please stop by our booth 711 to say hello. We will also be at the Virginia Beach show signifying our launch into the Virgina market. Steve Scherr will be in the booth and it’s a great opportunity to stop by and see what Knot 10 is all about.

April will be upon us soon and we have some special plans for the April Bay Bridge Show which will we will be announcing soon.

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Baltimore Show Was Very Surprising

January 25, 2010

Just finished the 4 day stint at the Baltimore Boat Show and we are very happy to report a solid surprise in the amount of weekend traffic and interest from buyers more than sellers. Thursday and Friday were good days but Saturday was exceptional and Sunday remained very positive. The overall mood in general was a great deal different than last years show. We came away energized of what spring could bring the market and industry. Gary walked around and spoke with some new boat folks who were closing some sales at the show and reporting that New York’s show which was running in conjunction with Baltimore was also reporting a solid uptick in activity.

Buyers we were speaking with were all uttering the same general tone which was that prices seemed to have really come down and after sitting on their hands (and wallets) for a few seasons were starting to get the itch to make a switch or enter the market. Many of them still had boats to sell or trade but they were looking, pondering, and seeking more information as positive buyers as opposed to the hand wringing paralysis that seems to have been gripping boaters for the last 2 years. All of us that worked the show came away surprised and pleased about just how much solid interest was in the air. This is not meant to signal a buying stampede but with what the market has been thru the tea leaves look far more positive then we have seen in some time.

 It’s only January still yet we had 3 Sunday appointments in addition to the show traffic and if we can avoid a nasty snowy February expect these positive reports to continue. We are very much anticipating similar results from the Atlantic City and Virginia Beach shows which we will proudly be displaying at.

New Office Open

January 19, 2010

Knot 10 is proud to announce the addition of Steve Scherr to our team. Steve will be immediately heading up our Virginia office and fast expansion into this market. Combining Steve experience with Knot 10’s unmatched marketing and fresh approach will give Virginia buyers and sellers the tools they deserve for their boating purchase or sale. Call Steve today at (757) 438-1494.

Sales are showing an uptick

January 14, 2010

Yikes it’s cold here in Maryland. While the bay might be frozen sales and incoming interest are anything but. We have about 9 deals on the board since Mid-December and the level of incoming leads and tire kicking has actually increased thru the holiday and early January. Despite the fact we are frozen into a few marina’s and can’t free 3 boats for sea trial we are encouraged by this promising sign for the markets.

In addition sold boat statistics we can pull show that settled sales in December of 2009 for MD diesel and gas powerboats were almost twice that of 2008. Values those boats sold for are down 20-25% but it shows that buyers are coming into the market as they realize these deals will not last forever. New boat sales continue to struggle but the sold brokerage statistics prove the pulse of the boating world is still beating and becoming a bit more easy to recognize.

Baltimore Boat Show Jan 21-24 and we will see you there!