I think that is beyond dreaming! Someone is smoking something
"Sellers", "Selling" "Listings" and "Asking" don't mean any more than "I have a Bridge in Brooklyn to Sell" I do not think there is any public way of knowing what any aircraft actually SOLD for, the FAA Bill of Sales normally are misleading too. EX: $1 dollar and other good and valuable considerations. There may be other reasons for asking so much but it does help increase the interest in RV7s.
Did you sell it
, I thought one sold on here just recently for around $150K, taking Walt's point though with a full Garmin panel,I/O 360, fancy constant speed prop, custom paint job etc. I guess you would be getting up there 
.Just maybe the sellers are having spouse problems and have been told to sell it, so they put it on the market as ordered or strongly suggested for a ridiculous price. It doesn't sell because the market is soft right now and the seller gets to keep flying .
Then the county gets wind of it, and your next aircraft property tax bill jumps...I hope both are sold at the asking price. That should increase the values of our RVs
I have recently used Windsock to estimate value of my RV. With AOPA membership you get 12 free quotes. Pretty thorough evaluation. You can put in N number and it will provide data on the plane. Lots of info, not sure how accurate their algorithms are or what data they are using as basis for estimate.
Ouch!
Sure hope so.
If somebody offered me $300,000 for my RV7 I would sell it tomorrow. Everything I own is for sale except my dog, and I'd probably let you rent her.
While I don't 100% disagree, this isn't a cliff that everybody falls over at the same time. Plus, just like houses, airplanes are typically appreciating assets, so If you must finance, that typically isn't the worst thing you could be borrowing against.
It must be the Aveo wingtips...
It's not even deliberate most of the time, it's just more dollars chasing ever fewer assets. People whose income comes from investments are doing better than ever. People whose income comes from wages are doing worse. There seem to be lots of well-off people chasing a relatively smaller pool of GA airplanes, and historic numbers of pilot certificates, while social media influencers sell the lifestyle.
You can't choose to buy that which you cannot afford. I suspect the vast majority of the people on this forum are on a trajectory to get priced out of personal aviation in the next 10 years. That doesn't read like a success story to me.
I believe the crazy price escalation is transitory. Costs have not increased all that much, so most of the increases are going straight to profit, whether lyc selling engines or one of us selling our RV 7 that is now worth 1.5 times what we put into it. One of these days, the market will go back to doing what it has always done and we will have a major, long term correction. Demand will dry up like a sponge and prices will crater. While painfull in the short term, I don't see this as the death of GA. I feel really bad for anyone that was willing to buy an rv7 for $300K, as they will wake up one day and find it is worth $150K. Once demand vaporizes, there are a whole bunch of rv7's that folks built for 125-150 and will be happy to sell at those prices. Sure, you can say it costs $200K to build one now, but once prices fall across the board, that will no longer be the case. No way IMO does a new IO-360 cost $80K once demand dries up. Once the economy craters, hobby assets are the first to go.
Maybe. I don't totally disagree with this take, but prices are also "sticky". People not able to get what they think something is worth will sometimes just take it off the market and let it sit until later. This is fine if you're talking real estate, but planes that go unused will become unreliable - a tale as old as time in GA airplanes. Disuse will shrink the pool of "good" airplanes, or at least airplanes that seem like an acceptable risk. I'm constantly shocked by the number of planes for sale that average <30h/year - which is often front-loaded to when the person first bought the plane and the moving average may be 10h/year or 0h/year in the past few years. My cam and lifters had terrible corrosion after only 4 years at 50h/year - probably because those hours were not evenly distributed throughout the year (and there may have been other factors in play).
This is the price that gets you out of the dog house by telling wifey of course I'll sell the airplane...but!
I’ve said this before and will reiterate…I’ve been at this for 40 years and 7 homebuilts…I’ve never once in all those years, had a brand new engine, nor would I want one.
I remember in 1974 when I was rebuilding my dad's J5A, people where telling me that GA was doomed due to the rising costs. A new cub wing ribs was $65!!!
I don’t know if they are selling for that much but I just added up quick build prices, thunderbolt engine prices and with high end paint, avionics, and interior, just the cost in parts alone came out slightly over 300k.
And I've said many times that this information may be dated or not fit with a person's risk profile. A lot of the terrain where I live is not conducive to safety in an engine out landing. I have built automotive engines myself but I draw the line at something I can't pull over in. I've never had a new engine either. Paying a reputable shop to overhaul my AV IO-360 was eye wateringly expensive, and most of the parts were reusable. I know enough about skill to know that thousands of engine builds makes someone better at it than me trying to do it in my garage for the first time.
...and I remember Cessna shutting down single engine airplane production the year before I got my PPL. People said the same thing - GA is doomed.
I know enough to know that thousands of engine builds make people complacent. If you can read a manual, follow instructions and go step by step…you’ll find that a Lycoming is no more difficult than a Volkswagen engine to overhaul. One can always opt for new cylinder assemblies and the rest is pretty straight forward.
After reading in this very forum about all the F-ups that "reputable shops" have done over the years, I put far more trust into me building my own engines. As you did as well, I built several automotive and motorcycle engines before tackling my AV IO-360 18 years ago. Read all the SB's and SI's and manuals, plus cardinal knowledge articles like Paul wrote, and do it!
I've rebuilt a couple of automotive engines, have average handyman skills and the well stocked tool chest to go along with it. Even then, I've spent $14,141 to date on tools for my build.
If you can find a 2026 Mastercraft X24 for 250,000, buy it. They are selling for more than my first three houses ….combined !
This. I stopped by the mechanic next door to borrow a tool and he was telling me they ordered a new throttle cable for a Cessna 210 and it was $780. I don't think I would ever own a certified aircraft again after my recent RV-8 experience. And if that means fewer people competing for $1500/ month T-hangars, that's fine with me.
20 years ago??? You couildn't be more wrong. The VW airplanes were largely in Europe and relatively rare in US.
This attitude really irritates me...to equate building an RV-anything, quick or slow build, with putting together an IKEA cupboard and assert that doing so doesn't require any tools, techniques or knowledge is just flat-out insulting.
I built it for my daughter, and she said, "why would you sell my plane?"Did you sell it
Figs
When demand plummits, companies are typically sitting on lots of inventory, trying to recoup capital expenditures, pay off debt, etc. as demand falls, they always lower prices to recoup some volume and more importantly, maintain cash flow. Cash flow is the hidden killer that creates mosy bankruptcies; well documented but poorly understood. Companies never keep raising prices in the face of cratering demand. That just hastens the fall. Not a ceo on the planet that would rather have a chapter 11 on his resume instead of a large revenue downturn. Most all companies fall victim to shrinking revenue and income during market downturns, only the poorly run wind up in bankruptcy.
