Mooney 252 quotations getting higher?

[turbotrk]

Hi, on october 2013 I bought a 252 with 1100h total time and 450h engine time. There were 4 or 5 options around Europe and I managed to buy it for 94.000€, it had new paint and was pretty well equiped with prop de-ice, edm 700 and multi function display with gps. Radios needed to be replaced with 8.33 spacing so I installed 2xgns430 , air data computer and altitude pre-selector, also transponder and audio panel were replaced with kt74 mode-s and ps engineering pac24. Total cost around 24.000€.

Last yesr I've noticed prices were going up for this model with sellers asking for 140.000€ on EU market for planes not so well equiped like mine while in USA up to 180.000$. Right now there are no 252s available anymore for sale in Europe, there are many 231 and TLS , probably because fuel price here is quite high and 252 is much cheaper to operate than the TLS. 

Is 252 value increasing?

[carusoam]

All good news, globally...

economies improving, fuel price is currently stable at a lower level, interest rates are staying lower-for-longer.

Planes are changing owners at higher rates than in the past eight years.

A 252 is one of the most capable GA planes on or off the planet...

Best regards,

-a-

[kortopates]

Personally I think you just got yours for below market price; especially with an engine below mid time. Although lack of modern avionics is big part of its low price.

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[Jerry 5TJ]

Overall piston aircraft values continue to decline.  Perhaps the small sample size in the 252 market creates an impression of appreciation.

the graph below shows a composite  of 2005 model aircraft prices.  Early year depreciation is evident.

For older "legacy" piston aircraft (prior to 2000) the trend has been flat.  A composite of ten types, including the 1990 Mooney 252, shows virtually no shift.  

 

In older planes the variation between well-maintained and upgraded examples versus factory-stock is large and that gap is increasing, the report notes: Good ones are getting more scarce.

 

Source:. http://www.aircraftbluebookmarketline.com

[Godfather]

One sad fact that nobody talks about is the lack of younger pilots.  Over the past 15 years I've noticed a 80/20 mix of pilots ages 55+/under 40.  Part of me has to wonder who is going to buy all of the high performance aircraft in the next 10-15 years with people retiring, losing medical, or changing interest and what is that going to do to the used market.

[Jerry 5TJ]

Not quite unaddressed -- AOPA keynote session at SNF was about low pilot start rates & aging pilot population.  Their emphasis on club formation is a key part of their program to increase younger pilot start rate, to keep affordable options available, and get inactive pilots back in the air.  

Any big growth in 21st century GA may be outside North America: Mooney is betting on it.