Northrop and Johnson

As the press continues to slam the economy and bring panic and concern to most of the world I can assure you that things are not all bleak. The large Yacht Sales market is fairly strong for Northrop and Johnson of Boston. Not as strong as it was several years ago but lets face facts. It was crazy several years ago and spun out of control. Prices were inflated by 30 percent and more. In today’s large yacht market there seems to be more of a correction to reality and in rare cases bargain sales. The small boat market is devistated. Banks were lending to Buyer’s who could not afford to own a boat. As a result there is a large supply of bank owned boats, Mostly up to 50′. The middle market is flat for the most part (50-100′) however recently there has been a flurry of activity.

Yacht Charters are coming back strong. Paula and Bridget recently attended the Antigua charter meeting and found the buzz to be promising and uplifting. Yacht Charters are new to Northrop and Johnson of Boston. The office is already experiencing success through social networking and luxury events.