Market Update – June 18, 2010
This week’s overview of what’s happened in the M Coupe market.
| Currently Listed: 78 S50: 1 S52: 53 S54: 24 |
Average Asking Price: $23,526.33 S50: $23,000 S52: $19,347.85 S54: $32,927.92 |
There are more M Coupes for sale right now than I ever thought I would see at any one time. If you’re a buyer, it’s a great time to be in the market as there is a lot of selection. As a seller, you may need to consider adjusting your price or do something else to make your car stand out from the large crowd. Coupe buyers seem to be unwilling to pay the $10k premium for S54 cars any longer and most of the cars priced over $30k have not had much success in recent months.
Most Popular Sales Listings
These are the cars that have been viewed most often this week:
2002 Laguna Seca Blue over Gray
Mooresville, NC - $32,900
2002 Steel Gray over Imola Red
Arvada, CO - $49,500
2002 Black Sapphire over Imola Red
Washington, DC - $25,000
2000 Titanium Silver over Black
Rockville, MD - $23,800
Best Deals
These are what I think are the best deals still available that are not already on the most popular list. If you’re looking for a well priced imola red M Coupe, head to Washington, DC.
1999 Imola Red over Imola Red
Washington, DC - $14,500
1999 Imola Red over Black
Washington, DC - $25,000
2000 Imola Red over Imola Red
Alexandria, VA - $16,900
2000 Titanium Silver over Estoril
Providence, RI - $17,000
Sold This Week
Here are the cars that appear to have gone to lucky new owners this week.
- 1999 Estoril Blue over Dark Beige Oregon
List Price: $10,991 – Sold Price: Unknown - 2002 Steel Gray over Dark Gray 🙁
List Price: $21,998 – Sold Price: $21,998 - 2000 Cosmos Black over Black
List Price: $24,000 – Sold Price: $22,500 - 2000 Cosmos Black over Dark Gray
List Price: $14,987 – Sold Price: Unknown
This is starting to look like the S54 M Coupe bubble from summer 2004 or 2005. Prices went back up to the mid-30K’s because it seemed everyone in LA wanted one. Once that demand was met prices had a soft landing back into the high $20K’s.
I think it is very telling that the S54 M Coupe in the bay area for $25K is still available.