Mooney prices on the rise?

[aaronk25]

About every 6 months or so I look through the J, 231 and 252 models pricing in controller and is it just me or does it seem like the planes are being advertised and presumably selling at a higher price now compared to last summer?

[gjkirsch]

It may be wishful thinking!  Maybe the ones priced at market sold and the ones above still show for sale.  I saw a 2005 Ovation with TKS and low time offered for $269K just the other day.  I thought that it was $60K under market at the time but maybe it is priced at market. 

[nels]

It doesn't look that way to me but I am always watching the J models and down.

[rbridges]

It doesn't look that way to me but I am always watching the J models and down.

 

same here, and they look pretty similar IMO.

[rainman]

I have a 231, and having watched the prices closely for two years, I found it flat. It appears that most buyers want a 201', or they want a 252 . The last time I casually discussed the value of my 231 with a broker , was two months ago, and was told to hold on to it because I wouldn't have much luck selling it. Great time to buy a 231 if it fits your mission profile. Ray

[gsengle]

It may be wishful thinking!  Maybe the ones priced at market sold and the ones above still show for sale.  I saw a 2005 Ovation with TKS and low time offered for $269K just the other day.  I thought that it was $60K under market at the time but maybe it is priced at market. 

 

This one seems too good to be true

 

http://www.controller.com/listingsdetail/aircraft-for-sale/MOONEY-M20R-OVATION/1995-MOONEY-M20R-OVATION/1273041.htm

 

thouhts?

[carusoam]

TKS and a handfull of upgraded Garmin equipment added as a bonus, to the already post financial crisis low 2010 price.

If it is real, that is well priced if you are a buyer. PPI is a MUST.

The details of the ground strike would be of interest.

Good time to trade up from a C?

Best regards,

-a-

[yvesg]

Have you seen the annual invoice? Hope this is not the average yearly cost.

Yves

[carusoam]

$1,500. Flat rate... What was the rest?

[Wildhorsesracing]

I have been watching the value of 'C's since purchasing mine and have only seen them stay flat or decline... :-(

[Earl]

I've been tracking the value of 252's out of morbid curiosity as I bought mine near the peak.  Despite supposedly being a very popular model the prices to me seem flat and inventory is decent.  I am holding onto mine even though I would like to upgrade.  Just can't stomach the loss.

[skeptic]

A VERY nice, clean 252 can currently be purchased for around $150K or so.......not sure how that compares to past sales prices.  I don't really want to spend that much on an airplane right now, or I would have already bought one.  252's are amazing airplanes.

 

For those that want a turbo, nice 231's are selling for less than 2/3 the price of a 252.  My only concern about buying a 231 is future resale.  I suspect that 231 values will continue to decline.

[carusoam]

Earl,

What are you considering upgrading to?

The ecomics of upgrading are better now than ever...

A one for one swap is a balancing act. Both planes are undergoing similar decreases in value equally on a percentage scale, but the higher valued upgrade has decreased on a larger dollar value.

Price of fuel is what sucks.

Buying planes is good, upgrading planes is fine...

Selling a plane and not replacing it with something that has decreased similarly is difficult.

Best regards,

-a-

[chrisk]

A VERY nice, clean 252 can currently be purchased for around $150K or so.......not sure how that compares to past sales prices.  I don't really want to spend that much on an airplane right now, or I would have already bought one.  252's are amazing airplanes.

 

For those that want a turbo, nice 231's are selling for less than 2/3 the price of a 252.  My only concern about buying a 231 is future resale.  I suspect that 231 values will continue to decline.

Why do you think 231's will continue to decline in value?  Or maybe I should ask, why do you think 231's will decline in value at a higher rate than 252's?

[fantom]

Why do you think 231's will continue to decline in value?  Or maybe I should ask, why do you think 231's will decline in value at a higher rate than 252's?

They've been out in the cruel world longer, their avionics are probably older, "budget" minded folks go after them, they will need more upgrades to come close to a 252, paint and interiors will be dated most of the time, and like that....

 

Still don't know if the % of value of a 231 will decrease faster than a 252....but newer is better

[skeptic]

Why do you think 231's will continue to decline in value?  Or maybe I should ask, why do you think 231's will decline in value at a higher rate than 252's?

 

I don't know if that will be the case.  Just my opinion, and I hope that I am mistaken.

 

I personally like 231's, and would have no problem with owning one (with the LB engine).  I think a 231 with a Merlyn, intercooler, and engine monitor would be a solid lower-cost alternative to the 252.   But I am not sure that the market place has reached the same conclusion.

[rainman]

Skeptic has a pretty good picure of what's out there. A 231 with good paint, new interior, Garmin 430 WAAS, speed brakes and an inter cooler is going for $90-100K. A 252 with similar time left on the engine is about $150K. Everything else being equal, a 252 is easier to operate as far as the fussy throttle and mixture adjustments on the 231. MAPA has a good comparison. I bought my 231 a couple of years ago because it fit my mission and the price was right. Clearly, 201s are holding their value and seem to be selling faster at All American. The $50K difference in price will buy a lot of gas and pay for some upgrades, but in today's market any money you spend on upgrades may not be recouped when you sell it, so get the plane you want and fly it. Ray

[skeptic]

Speaking of 231 resale values.......does anyone know the current price for a quality field overhaul for a TSIO-360-LB?  From some well-known shop such as Western, Zephyr, Penn Yann, etc.

[Parker_Woodruff]

Speaking of 231 resale values.......does anyone know that current price for a quality field overhaul for a TSIO-36-LB?  From some well-known shop such as Western, Zephyr, Penn Yann, etc.

 

One of the shops noted above was talking to me in the $29,000 - $31,000 range when I was considering buying a runout 231.

[carusoam]

Compare online to factory reman...

[PMcClure]

I always asked myself why when I saw Turbos went for less. Faster and higher shouldn't be cheaper! But after owning a B36, I understand. The few people who need or understand the use of a turbo need one. But most everyone else just used more gas and buys more cylinders and parts. 

 

I have been watching the Ovation 2 and 3 prices for about a year now and find that they are holding steady. There was one 2005 on the market for about $50k less but when I called, there was a prop strike, missing entries on the repair and a pilot out of medical for Alzheimer's so he couldn't remember any of the details of the repair (sad story). I bought by O2 for 40k under Vref in 2012 and see the others that were on the market at or near Vref are still there some 4 months later and some have cut the price. There are a lot of headwinds for plane values, I don't expect to make much financial return on my direct investment. But the ability to stop in on a customer at a drop of a hat, have dinner with my Mom and still kiss the kids good night is worth every penny!