Are RV-7's selling for over $300K?

[FasGlas]

Here's two RV-7's I've recently seen posted for sale, one for $300K and the other for $315K. Can they really be getting this kind of money? I have no idea who the sellers are and both planes are very nice, but?????

 

[lucas2696]

I don't know why you would buy a -7 for $300k when you can get into a -14 for that. If I had that kind of money to blow I would be building a shop, and then building my own airplane in that shop rather than buy someone else's dream airplane.

 

[lr172]

Here's two RV-7's I've recently seen posted for sale, one for $300K and the other for $315K. Can they really be getting this kind of money? I have no idea who the sellers are and both planes are very nice, but?????

I think that is beyond dreaming! Someone is smoking something

 

[bertschb]

I'm not sure what they sell for but I don't recall ever seeing a -7 listed for sale for over $200k. That doesn't mean much as I've never shopped for one. Just commenting on what I've seen for sale.

 

[N40ES]

Here's two RV-7's I've recently seen posted for sale, one for $300K and the other for $315K. Can they really be getting this kind of money? I have no idea who the sellers are and both planes are very nice, but?????

"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.

 

[pitts12driver]

I was offered just under $300k out of the blue for my recently completed -7A

 

[Walt]

Considering it's probably upwards of 200K just for the parts, 300k doesn't sound unrealistic.

 

[uk_figs]

I was offered just under $300k out of the blue for my recently completed -7A

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 .
Figs

 

[Dan 57]

a sale ain't thru unless 2 parties agree on a given price for a given.
Interestingly enough, one party is usually the seller, and even more unique in the cases mentioned by the OP would be the 2nd party, named buyer.

 

[wirejock]

Remember houses selling for ridiculous numbers not long ago?
We all thought it was nuts, but a lot of folks became very rich.

I don't see why an owner can't list an airplane for whatever price. If it sells, great for him. Not so good for the buyer

 

[Norman CYYJ]

Remember houses selling for ridiculous numbers not long ago?
We all thought it was nuts, but a lot of folks became very rich.

I don't see why an owner can't list an airplane for whatever price. If it sells, great for him. Not so good for the buyer

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 .

 

[PhatRV]

I hope both are sold at the asking price. That should increase the values of our RVs

 

[FasGlas]

I guess it all depends on which side of the fence you're on. Buyers want the prices down and owners don't mind if the prices sky rocket.

 

[blaplante]

I hope both are sold at the asking price. That should increase the values of our RVs

Then the county gets wind of it, and your next aircraft property tax bill jumps...
Fortunately for me - no one is selling 6A's for 300K

 

[plehrke]

"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.

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.

 

[BoydBirchler]

In a world where the lowly Continental O-200 sells new outright for $59K (and is currently on back order) there is certainly room for a $300K RV7...

 

[Norman CYYJ]

In a world where the lowly Continental O-200 sells new outright for $59K (and is currently on back order) there is certainly room for a $300K RV7...

Ouch!

 

[RogerH]

Having seen an uninsulated sheet-metal quonset hut hangar at a no-avgas strip miles from nowhere here in UT listed for $270K nothing surprises me anymore.