Com-Pac Yacht Owners Association

Com-Pac Model Specific Discussions => CP-16's => Topic started by: Mas on December 17, 2020, 09:07:46 PM

Title: Current costs for Compac 16's.
Post by: Mas on December 17, 2020, 09:07:46 PM
Spent some time looking at 16's for sale over this past year for someone interested in one and it appears they are commanding pretty good prices for even those early models needing work. Of course overall the used sailboat market has been hot for a while. I know we were fortunate to have run across our 87' Mk2 16 living in a time capsule! One owner, fresh water sailed and garage kept for ten yeas then simply garaged until we acquired her in September 2016. She is garage kept here as well when not being sailed. We have often said we will sell our Pacific Seacraft 31 before we will part with 'Mas'. The 16's are just too simple, easy to maintain, easy to sail, look salty and seem to hold their value. I have seen similar boats with prices upwards of $6,900! Holy moly! Is this what everyone else is seeing?

Pics are our first 16, 1979 sailing somewhere down river Potomac, maybe Colonial Beach area. Sold her 10 years later for what we paid for her.
Next couple are 'Mas' our 87 we bought in 2016
Title: Re: Current costs for Compac 16's.
Post by: Bob23 on December 18, 2020, 04:58:48 AM
Wonderful photos, Rick. I've often toyed with the idea of owning one whenever Koinonia get's tired of me. To me, the 16's are like the VW Beetle of sailboats!
Sail on, my friend!
Bob23
Title: Re: Current costs for Compac 16's.
Post by: Mas on December 18, 2020, 09:52:57 AM
Quote from: Bob23 on December 18, 2020, 04:58:48 AM
Wonderful photos, Rick. I've often toyed with the idea of owning one whenever Koinonia get's tired of me. To me, the 16's are like the VW Beetle of sailboats!
Sail on, my friend!
Bob23

Yup, VW Beetles...had one of those too! Hmmm...maybe shoulda kept it????

Are you still looking at 16's? What pricing have you been seeing? I started this tread cuz they seem to be commanding even higher prices than just a few years ago when we got Mas. I know, a least down here on the bay, well founded used sailboat are selling quickly at asking prices. Heck, it appears there is only one Pacific Seacraft 31 for sale in the entire world! There were 5 or 6 in March.

...another topic, but recently saw Pedro's new to him Yankee Cat boat that he is restoring. Lookin good! I think he might actually keep this one! Dare we hope we can all get together some time in the coming year?!
Title: Re: Current costs for Compac 16's.
Post by: kickingbug1 on December 18, 2020, 09:59:28 PM
you know bob i always  thought that a com-pac 16 it more like a 52 ford p/u. slow,  simple , a bit cute and easily fixed. and slow
Title: Re: Current costs for Compac 16's.
Post by: kickingbug1 on December 18, 2020, 11:10:48 PM
   dont get me wrong i loved my little 16. had her for 6 years.
Title: Re: Current costs for Compac 16's.
Post by: Tim Gardner on December 19, 2020, 04:51:41 PM
On of my first vehicles was a 1940 ford P/U with an astounding 95 HPV8 Flathead with three on the tree.  0-60 in three afternoons. First was so low that in gear at idle, you could get out and walk faster.
Title: Re: Current costs for Compac 16's.
Post by: Eric on December 20, 2020, 01:49:48 PM
I've noticed prices of $6900.00 also ,  and on boats that obviously need substantial work .  Honestly I think top value on a 16 is $4500.00 to $5000.00 , the boat would have to be exceptionally nice at five grand .   It's been a buyer's market for used sailboats for quite some time now , and I think that trend is going to continue even more so in the next few years .
Title: Re: Current costs for Compac 16's.
Post by: Reighnman on December 20, 2020, 04:07:56 PM
Having spent the last several months stalking the used market was hot market but one thing I found interesting was the lack of perceived value in the newer model Legacy.  Their prices sometimes came close to a well used 80's CP16. My wife and I have been talking about a fiberglass camper for several years and the prices in 2020 jumped so high that 20 year old Scamps are selling for more than their original purchase price!
Title: Re: Current costs for Compac 16's.
Post by: kickingbug1 on December 21, 2020, 07:44:53 AM
   just think what that 40 is worth today
Title: Re: Current costs for Compac 16's.
Post by: Tim Gardner on December 22, 2020, 04:59:44 AM
I could kick myself.  Bought it for $15. (engine spun easily - no compression - broken timing gear.  Replaced both timing gears. Ran it for two years.) Sold it for $400.  Bought a Corvair Greenbriar.
Title: Re: Current costs for Compac 16's.
Post by: Bob23 on December 22, 2020, 06:14:59 PM
Tim, don't worry- we're all friends here. We'll kick you so you don't need to do it yourself! Yer welcome!!
Title: Re: Current costs for Compac 16's.
Post by: Mas on December 22, 2020, 08:20:38 PM
Quote from: Eric on December 20, 2020, 01:49:48 PM
I've noticed prices of $6900.00 also ,  and on boats that obviously need substantial work .  Honestly I think top value on a 16 is $4500.00 to $5000.00 , the boat would have to be exceptionally nice at five grand .   It's been a buyer's market for used sailboats for quite some time now , and I think that trend is going to continue even more so in the next few years .

Well, generally the top price anything commands is what folks are willing to pay for it! Seems to be a lot lately for 16's. Eric, don't know about your neck of the woods but here it has been a nice sellers market this year with multiple bids on well founded boats. We'll see how long it lasts but has been surprising. Heck, It seems there may only be one Pacific Seacraft 31 (our other boat) for sale in the entire world where there are normally several. This market has been gobbling them up.
Title: Re: Current costs for Compac 16's.
Post by: Eric on December 23, 2020, 07:29:38 AM
Quote from: Mas on December 22, 2020, 08:20:38 PM
Well, generally the top price anything commands is what folks are willing to pay for it! Seems to be a lot lately for 16's. Eric, don't know about your neck of the woods but here it has been a nice sellers market this year with multiple bids on well founded boats. We'll see how long it lasts but has been surprising. Heck, It seems there may only be one Pacific Seacraft 31 (our other boat) for sale in the entire world where there are normally several. This market has been gobbling them up.

    Boat and RV sales were up this year , people had time to recreate and the money to do it , we'll see if that continues .   
            I have yet to break even on a sailboat . The trouble is the value might hold steady if you're lucky but the expenses go up , so restoration and updates can be a total loss .  If you price the boat for what you have into it no one even bites .
          If you paid $6900.00 for a Compac 16 , you could end up losing thousands when you went to sell it .
       
       
Title: Re: Current costs for Compac 16's.
Post by: Renae on December 23, 2020, 09:50:10 AM
We're not supposed to make money on boats.  We are sailors, not boat dealers.

Ours is to wring the life out of them, one happy day on the water after the next.  If someone else wants to pick up where we left off at the end of it, good for both of us, but we ought not to pretend we aren't passing along a thoroughly used, depreciating asset.
Title: Re: Current costs for Compac 16's.
Post by: kickingbug1 on December 23, 2020, 02:26:33 PM
 bought my 16 for 1300 sold it for 2300
Title: Re: Current costs for Compac 16's.
Post by: Wayne J on December 29, 2020, 09:59:29 AM
Hi Ric,

This 16 (located in Charlottesville) seems about right.  1987 asking $2,400. Includes trailer and outboard.

https://www.facebook.com/marketplace/item/1078306659277421/?ref=search&referral_code=undefined
Title: Re: Current costs for Compac 16's.
Post by: Mas on December 29, 2020, 09:09:17 PM
Quote from: Wayne J on December 29, 2020, 09:59:29 AM
Hi Ric,

This 16 (located in Charlottesville) seems about right.  1987 asking $2,400. Includes trailer and outboard.

https://www.facebook.com/marketplace/item/1078306659277421/?ref=search&referral_code=undefined

Hey Wayne, I think I know the boat.If so it was one that i helped a friend get two or three years ago. That boat was dismasted twice! Once in a storm stuck on a boat lift when the wind got into the sail cover and sail which is why you never leave the canvas on when on a lift locked in. I told her to let the owner selling it know that, she didn't, and within a week a storm hit and brought the mast down., The other time she drove it rigged under the travel lift at our marina. I think it ought to be done with dismasting now!  Motor is a small Honda. If this is the boat I believe it to be, the current owner I think is hoping to get a bigger boat. It seems to be in good shape. Hasn't been in the water for over a year.

....then again it may be another 87' 16 in C'ville. If so, counting mine and the friend I mentioned there would be three 87' 16's here!

Update: I checked out the Facebook add and it appears to not be the boat I imagined it to be. So there ARE three 1987 Mk2 16's that I know of in the Charlottesville area. Go figure!
Title: Re: Current costs for Compac 16's.
Post by: Mas on February 13, 2021, 10:50:24 AM
Well just saw this in a Craigslist ad in Annapolis. Overall campers and boats have seen quite the year for sales. At least in our marina, even in he winter, boats are going under contract quickly. Seems to be hitting home prices as well now. America, a great place to live if you can afford it!

https://annapolis.craigslist.org/boa/d/stevensville-com-pac-16-trailer-motor/7267853436.html

Sitting here watching more winter weather happen. Also been a great year so far for snow sports. The resort where we spend much time for snow sports is selling out of lift tickets regularly, is 100% open, with over a 50+ inch base. Yup Southern skiing. There are few condos for sale there as they also are being gobbled up as soon as they hit the market. Overall, though this thread was about a perceived increase in Compac 16 prices, it appears much is changing price wise.

Is it just me seeing this in our area or is this perception/reality widespread?
Title: Re: Current costs for Compac 16's.
Post by: Eric on March 01, 2021, 04:39:22 PM
 Here you go , here's one for $10,000 .  Better jump on it before it's gone !

https://www.sailboatlistings.com/view/90097
Title: Re: Current costs for Compac 16's.
Post by: Renae on March 01, 2021, 04:52:17 PM
Quote from: Eric on March 01, 2021, 04:39:22 PM
Here you go , here's one for $10,000 .  Better jump on it before it's gone !

https://www.sailboatlistings.com/view/90097

Better come with a lake.
Title: Re: Current costs for Compac 16's.
Post by: kickingbug1 on March 01, 2021, 09:49:56 PM
 who in their right mind would put a wheeled helm in a com=pac 16 ?
Title: Re: Current costs for Compac 16's.
Post by: Renae on March 01, 2021, 10:36:58 PM
Quote from: kickingbug1 on March 01, 2021, 09:49:56 PM
who in their right mind would put a wheeled helm in a com=pac 16 ?

Right?

Question though:  At what size boat would you ditch the tiller?  25 ft?  30?
Title: Re: Current costs for Compac 16's.
Post by: Eric on March 02, 2021, 08:23:19 AM
Quote from: kickingbug1 on March 01, 2021, 09:49:56 PM
who in their right mind would put a wheeled helm in a com=pac 16 ?
I wonder if the boom clears it .
Title: Re: Current costs for Compac 16's.
Post by: kickingbug1 on March 02, 2021, 01:56:56 PM
25