Phenom 100, Phenom 300, Legacy 500
After nearly two years of steadily increasing inventory, the number of Phenom 100 listings finally decreased during Q3 2020. There are now 35 aircraft on market, down 17% from the second quarter. Inventory levels are now back to where we were a year ago. Contributing to the drop in inventory was the number of transactions occurring during the third quarter. There were 12 sales during Q3 2020, compared to just seven that had sold during the entire first half of 2020. Pricing has softened a bit, with this market taking its first drop since the end of 2019. With demand picking up and pricing softening, this market remains balanced for buyers and sellers.
Inventory continues to climb in the Phenom 300 market. There are now 33 listings, more than double the amount on market at the end of 2019. Currently, 6.9% of the active fleet is for sale, the highest we’ve seen in this market in over three years. Even the considerable amount of activity during Q3 2020 couldn’t keep inventory down. There were nine sales during the third quarter, up from just six combined sales during the entire first half of 2020. Activity is still well behind the 21 aircraft that sold in 2019 by this time. With a record number of options and pricing softening, now is a great time to buy a Phenom 300.
Legacy 500 inventory is holding steady and activity is ahead of last year’s pace. There are currently seven Legacy 500’s for sale. This is up slightly from last quarter, but well below the 12 listings a year ago. A strong third quarter of activity added three more sales on the year, bringing 2020’s total to five transactions. This beats last year’s pace of three sales by this time. Pricing has dropped slightly, but nothing like the big drop occurring at the end of 2019 when the Praetor series was announced. In the super-mid category, the Legacy 500 has held its pre-COVID value better than almost any other aircraft. With limited inventory and pricing holding relatively strong, now is a great time to sell your Legacy 500.