Actual RV sales prices

[exercise]

I noticed the thread with the RV price guestimates below and as a potential RV6 purchaser, I'm hoping to locate a source that provides real time sold prices for RV's, similiar to what used car dealers have access to in order to determine value. Anything like that around? Thanks in advance.

[aelkins]

Exercise;
Your attempting to breach the interim of the 'secret handshake society'.
I too, looked for the same thing. I found that very few sellers wished to disclose their actual sold price. And, even the buyer was reluctant to share what he actually paid for it. The reason being (IMHO), the seller typically feels that their plane was worth more, and they had to concede to sell for less. And the buyer (upon purchase) wishes to appreciate the value. (in the event he ever finds himself in the seller market.

So, the secret handshake bond is formed...

I have been on both sides of the handshake. (seller & buyer)
I also get a laugh when people post 'Wow, you're selling that plane WAY to low" (and the plane stays unsold for weeks)

Everyone has their personal opinion, and mine is as follows;
"Every plane has a fair value based on age, condition, equipment, etc"
If the seller's price is not met, he is above market value for that plane. If he lowers the price until it is sold, he has met market value. Sure there are some that will offer an excess of market value just as there are buyers looking for distress sales. But, all in all, it boils down to one bottom line. When you find the plane that you crave to have in your hanger, are you willing to offer enough to motivate the seller. Otherwise, the search goes on..

[Dgamble]

Originally Posted by exercise

I noticed the thread with the RV price guestimates below and as a potential RV6 purchaser, I'm hoping to locate a source that provides real time sold prices for RV's, similiar to what used car dealers have access to in order to determine value. Anything like that around? Thanks in advance.

$60,000 almost three years ago. Probably a little less now, the market seems to have softened a bit:

http://n466pg.blogspot.com

Lyc O-320 150hp 165 SFRM, fixed pitch Sensenich.

[JonJay]

I my opinion, Rv's should be worth twice what they usually sell for. Try to find the performance, utility, and fun in a a certified aircraft, or other kit plane for any price. Good luck. We are trading in a thin market where there seems to be an ample supply of willing sellers pricing their machines to move them for other reasons than needing the money or returning an investment.
I also believe part of the "problem" is that there are many builders who simply like the hobby and are more than happy to sell for cost, or lower, to fund the next project. It is a hobby and that certainly is everyones previledge and right to do so.
I built my six for $80k. I would not sell it for any price. Yet, I could go out and find a similar low time machine for that same $80k or maybe a lot less. Go figure. It is a buyers market and if you have the cash, you can get a whole lot of airplane for relatively little scratch.
So, when you find the airplane you want, pay the price and know that you got a very good deal even if it is more than what the "average" market price seems to be.

[RV7Guy]

My neighbor sold his 8 for $133K. It was full IFR with 115 hours on it.

I was surprised but he got it and had several willing to pay $120K +.

[JonJay]

Originally Posted by RV7Guy

My neighbor sold his 8 for $133K. It was full IFR with 115 hours on it.

I was surprised but he got it and had several willing to pay $120K +.

Well bought/well sold. Still a bargain.

[kevinsky18]

It's way too hard to compare prices of RVs because no two are built the same. You can't say that a person who got an RV-8 for $80k got a great deal and another who paid $130 paid too much.

The RV-8 that sold for $80k may have been bare bones no paint and no avionics and an almost timed out engine really worth $75. The RV-8 that sells for $130 could easily had enough Avionics equipment and fancy paint and interior to equate to $140 or $150K

[edneff]

Originally Posted by exercise

...I'm hoping to locate a source that provides real time sold prices for RV's, similiar to what used car dealers have access to in order to determine value. Anything like that around?

If there is, I haven't found it. I'm looking to buy an RV6 or 7 also. I have been tracking prices on various internet sites, and building a spreadsheet. I've got headers for N#/yr/TT/SMOH/price/eng/prop/ and a few others. It's easy to tell which ones are competitively priced, and which ones are at the high end.

Sometimes there's a good reason for a high price, an example is the OSH Grand Champion FS on this thread. Other times it's just that the owner is probably a just a little less clueless about the true market value (vs what he has in it) than you and I are.

[gmcjetpilot]

When a new Beech craft Bonanza or Baron cost $800,000 or a new Lancair or Cirrus cost $400,000, $120k don't sound so bad. What's a new C-172 go for, $200,000.

I remember when RV's all sold for $30,000 $45,000, but than now many RV's have new engines, constant speed prop, full IFR autopiliot EFIS panels and leather interiors and pro paint jobs. Its like wack-a-mole. Its a moving target (market) and depends on what the market will bear.

These are amateur built planes by individuals and they vary, no standard, but it seems the $60,000-$120,000 range is not too crazy. RV-10's? There is a real market for New 4-place planes that carry 4-folks as fast or almost as fast as a new Mooney or Bonanza's that cost over 1/2 million. Most agree that the use price is crazy for a homebuilt but than people are pouring big bucks into engine/props/panels/interior/paint like I have never seen before.

Bottom line if you want to buy your dream RV plan on closer to the $90k-$120k range. You want a little older tired but nice RV-4/6 than $60,000 on up.

[edneff]

Originally Posted by gmcjetpilot

Bottom line if you want to buy your dream RV plan on closer to the $90k-$120k range. You want a little older tired but nice RV-4/6 than $60,000 on up.

I wonder what constitutes "old and tired but nice?"

There's about 22 RV6's and 6/A's on the market right now, and the average price is about $75,000. Of course, about half are FP props and half CS, and the prices vary accordingly.

The average TTAF is about 261 hours. That doesn't sound like a lot of time to me. The oldest one is a 1996, most are late 90's early 00's.