Slip prices are starting to come down. At MVYC, there is a 38 X 13 slip that was originally listed at $119,900, then 99,000 and now 92,500. It's been on the market for a while. There are comparable slips (size and location wise) that are still priced higher. Many owners that I have talked to don't need to sell their slips (they usually rent them out), so they feel they are in a position to hold out for their price (I have such a listing). Last year slips (again similar size, etc.) were routinely being sold in the $110,000 range, but the bar has now been set at $92,500 with no takers.
The slip I mentioned above sold for $28,000, 10/2000.
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