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Old May 20th 07, 01:16 AM posted to rec.aviation.owning
John Galban
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Posts: 64
Default current small aircraft market????

On May 19, 4:57 pm, "Private" wrote:

I have been watching the for sale adverts looking for a Decathlon, and seem
to note a LOT more aircraft than I remember being normal. I am not sure if
this situation has been developing for some time or if it is just a normal
seasonal thing. I cannot comment on the actual sale prices but the asking
prices do not seem to reflect the increased supply.


The situation has been building for over a year. My best guess is
that increased fuel prices have put a damper on the market. I know
several owners that have had their planes for sale for over 6 months,
with little interest. The asking prices are still high, but the
actual selling prices are not. One of my airport neighbors finally
found a buyer for his plane. It had a runout engine, but was
otherwise perfect. No mechanical squawks, great panel, all leather
interior and excellent paint. After nearly a year on the market, he
sold for 60% of his asking price.

John Galban=====N4BQ (PA28-180)