Average Purchase Price

[futr_alaskaflyer]

When I was searching for a 170 earlier this year I found that there were very few B models out there going for less than $40K, with the average price being from $40-$43K. '55 and '56 models were bringing in a little bit of a premium. Rag wing and A models were all over the board depending on condition and times. And like I said above, those with engine upgrades were all above $50k, with some advertised in the $65k-$80K range. Of course advertised price and actual selling price is a bit different.

[iowa]

i take it
thake there is not a standard formula
that one plugs in all the data
and an 'average' worth is produced;
then all that is left is the dickering?
dave

[GAHorn]

Even if there were two otherwise "identical" airplanes for sale, .... if one had a 500 hour SMOH engine, and the other had a 1500 hour SMOH engine, there'd be $10,000 difference in value, per the "blue book".
But the low time engine airplane owner would likely think of his as "like new, but broken in" engined, while the high-time engine owner would not likely agree that his engine is almost worn out! (despite the fact his engine is only 300 hours from a TBO that will likely cost it's owner $15-$20K.)

Now think about all that cloth-covered wiring, and dry-cracked fuel lines, and old control cables, .... versus that $1800 exhaust ... all new plexi.... You get the picture....
Avionics that are fresh/new and completely rewired with new wire and antennas, are a much better deal than one with MX slide-in replacements or old KX-170's (or worse) or a hodge-podge of mis-matches.... the labor to install/rework the panel for the professionally installed new avioncs will be overlooked by the buyer, but valued by the seller....
A truly restored airplane is worth a lot more than one with fresh paint and new cloth seats. IMHO.

[futr_alaskaflyer]

Even if there were two otherwise "identical" airplanes for sale, .... if one had a 500 hour SMOH engine, and the other had a 1500 hour SMOH engine, there'd be $10,000 difference in value, per the "blue book".
But the low time engine airplane owner would likely think of his as "like new, but broken in" engined, while the high-time engine owner would not likely agree that his engine is almost worn out! (despite the fact his engine is only 300 hours from a TBO that will likely cost it's owner $15-$20K.)

Now think about all that cloth-covered wiring, and dry-cracked fuel lines, and old control cables, .... versus that $1800 exhaust ... all new plexi.... You get the picture....
Avionics that are fresh/new and completely rewired with new wire and antennas, are a much better deal than one with MX slide-in replacements or old KX-170's (or worse) or a hodge-podge of mis-matches.... the labor to install/rework the panel for the professionally installed new avioncs will be overlooked by the buyer, but valued by the seller....
A truly restored airplane is worth a lot more than one with fresh paint and new cloth seats. IMHO.

I keep clicking on the word "truly" to see an example of what you are talking about, but nothing happens

[GAHorn]

Check out the May '97 Cessna Owner Org. Mag.