Phenom 100 activity is up, and inventory continues to decline as we head into the first quarter of 2021. After reaching 42 listings during Q2 2020, there are now just 30 Phenom 100’s for sale. This is the lowest level since Q1 of 2019. This is largely in part due to the significant amount of transactions during the second half of 2020. There were a whopping 14 transactions during the fourth quarter, making 33 combined sales for the year. On average, pricing declined slightly last quarter, but we did see some year-end strengthening among aircraft offering fresh 10 year inspections. With declining inventory and significant demand, now is a great time to sell your Phenom 100.
To say the Phenom 300 market finished the year strong would be an understatement. There were an incredible 15 sales during Q4 2020, matching the first three quarters of 2020 combined and bringing 2020 total sales to 30. Q4 2020’s transactions are 50% more than any quarter we’ve seen in recent years. Through all this activity, inventory managed to stay level, which is surprising. Pricing softened a bit in the fourth quarter, but as we saw with the Phenom 100, earlier models with recent 10-year inspections saw a significant bump at year-end. With record demand and steady inventory, this market is shifting back to a sellers’ market.
The Legacy 500 market continues to hold the course in both inventory and pricing. There are currently six aircraft for sale, similar to the past two quarters. Current inventory levels represent 8% of the active fleet. After only producing two sales during the first half of 2020, the second half of the year saw five aircraft trade hands, two of which sold in the fourth quarter. That was the most active two quarters in recent years. Pricing has held steady for two consecutive quarters now. With consistently low inventory and steady pricing, this remains an attractive market for Legacy 500 sellers.