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Horse Prices

This is a discussion on Horse Prices within the Horse Talk forums, part of the Keeping and Caring for Horses category
  • Market price for a horse
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    11-24-2008, 07:51 AM
  #1
Green Broke
Horse Prices

Needless to say, for a person selling a horse, the market is tough. But those of us looking to buy, it isn't all that bad.

I went out to a farm yesterday that had 27 horses, not all for sale, but most. He had there a nice 2yr old PerchxQH cross for 400, another older bred paint mare for 500 ... This man's horses never went over 500 in price.

I have to wait until July to start buying, but I am wondering, do any of you seasoned horsepeople see any end in sight to these low horse prices? I went with my trainer yesterday out to this farm, and we got to talking about my waiting until summer to buy, and she made the comment "You can wait, but you'll pay more next summer, why buy something for thousands of dollars when you can get it now for only hundreds?"

I know no one can predict what the prices will do, but just curious to get someone else's point of view on the topic.
     
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    11-24-2008, 08:10 AM
  #2
Green Broke
Regardless of how good or bad the market is for horses, they tend to be low this time of year in general because people don't want the extra expense of feeding them over the winter. So there could be some truth in what your trainer is saying, but like you said, it's hard to say.
     
    11-24-2008, 08:22 AM
  #3
Green Broke
In my area, I started seeing these prices about mid summer, and they have only dropped since then. Not that any of this matters, my husband is fully content for me to pay more next summer vs. getting something a little cheaper now.
     
    11-24-2008, 10:42 AM
  #4
Started
Quote:
Originally Posted by Moxie    
I went with my trainer yesterday out to this farm, and we got to talking about my waiting until summer to buy, and she made the comment "You can wait, but you'll pay more next summer, why buy something for thousands of dollars when you can get it now for only hundreds?"
If you're boarding the answer is this: You'll spend less in the long run even if you have to pay more for the horse itself. If you board you have to figure in the cost of boarding, farrier, vet, etc. If you can keep the horse on your own land you can knock boarding off the cost equation but you have to add the cost of feed.

So, let's say the horse you're looking at is $750. Next summer it'll be about $2500 on May 1st. It'll cost you $300/month to board. If you purchase that horse it'll cost $2500. If you purchase him now it'll cost $750 plus $1500 in board. That doesn't include the cost of spring shots, farrier over the winter, etc. I'd just about bet you'd come out ahead if you wait until spring.
     
    11-24-2008, 10:48 AM
  #5
Trained
Like most things, a lot depends on how badly the seller needs to sell. Around here, even with the bad economy, well established farms/breeders that have diversified income (breeding/hay/lessons/boarding) haven't dropped their prices for good horses. Individuals and small businesses on the financial edge, though, are almost giving horses away, but be careful, the 'you get what you pay for' expression is very often true.
     
    11-24-2008, 11:20 AM
  #6
Trained
The horse prices go hand in hand with the economy. Horses are a want not a need. As long as the economy is bad so will the price of horses. If you didn't know if you were going to have a job in a couple of months would you buy a horse? Would you sell an excisting one?

Not only are the horse prices going down but all luxury items; cars, dogs, horses, ski-doos, quads, cameras and the list could go on and on.
     
    11-24-2008, 11:55 AM
  #7
Green Broke
Quote:
Originally Posted by FehrGroundRanch    
The horse prices go hand in hand with the economy. Horses are a want not a need. As long as the economy is bad so will the price of horses. If you didn't know if you were going to have a job in a couple of months would you buy a horse? Would you sell an excisting one?

Not only are the horse prices going down but all luxury items; cars, dogs, horses, ski-doos, quads, cameras and the list could go on and on.

Exactly. Horses are a luxury item and people aren't doing that well financially right now. Plus as someone mentioned, lots of people don't want to feed through the winter and I think the prices of pasture kept horses tend to always be a bit cheaper this time of year. And with the slaughter ban people don't have a place to take their cheap horses so they're offering them for less. Which brings all prices down. I find that trained show horses are still going for the same though. I know a trainer who just sold a $30,000 horse with it being on the market for less then a week.
     
    11-24-2008, 12:51 PM
  #8
Foal
Talking

The TB mare that I just bought was listed at $9500. I kept an eye on her (it was wayyy over my price limit)- She dropped to $5500 last week and I called and ask if they would consider $3000 to a good home where she would be used and shown. They said yes! So...there are some good deals out there! She arrives Tuesday
     
    11-24-2008, 08:52 PM
  #9
Foal
I agree with PaintHorseMares and FehrGroundRanch. I have TJ on the market because of the economy and my situation in it (jobless). I don't want to sell him, but it may get to the point where I will HAVE to. And because no one is buying right now, I won't get what he's worth. Which also worries me, because I don't want him to go to someone who will only turn around and sell him when the market gets better. Sad situation all around.

Though, if you're a trainer and you have your own property, they're are some really awesome deals out there now if you were so inclined to pick up a resell project. Heck, you can get a green broke registered Friesian right now for 10k (not mine...he's a little more than that! ). That would have been unheard of only a year ago!!
     
    11-24-2008, 09:51 PM
  #10
Green Broke
I want a Friesian.
     

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