market UPDATE
There are only 22 Legacy 450s in operation worldwide, so we're dealing with a very small data set. A year ago, there was one aircraft on the market for sale, and now there are two, so over the past year, inventory has increased by 100%. This represents 9.1% of the Legacy 450 fleet currently for sale. Prices are decreasing and generally fall within the $10 to $15 million range. The days on market have increased by 44% over the past year and reached a peak of around 200 days on market last fall. There was one Legacy 450 that sold over the past year, and that sale transacted in Q4 of 2021. Based on recent supply and demand trends, there is currently about two years of inventory on the market for sale. In summary, this market is imbalanced. Supply is generally outpacing demand, but there are buyers at the right price.
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