But I think it will be a different - smaller - cycle. 30 years ago the large boats in my club were mid-30'. Then there was a jump to many members having a 43' Tollycraft (the ostentatious boat was a 48' Tolly) . Then a jump to 45'/47'49' Bayliners and Meridians. Then, most recently, a bunch of 52' Oceans (with 52' Navigators for those with shallower pockets).And the cycle will continue.
These are the same members for the most part, just cycling through ever larger boats.
And I think that particular cycle has ended. It was fueled by home equity loans, funded retirements, and the peak of the boomers - and I just don't see the younger generation(s) engaging in that cycle to the same extent.
But we also do have quite a few older 32' Bayliner "Explorers":
Bayliner 32xx
My gut feel is that we are heading back to the upper 30' range being the "sweet spot" in the PNW.