Fleet Size and Availability
There are 17 Citation CJ3+ aircraft for sale, including 5 off-market listings, representing 5.6% of the active fleet. Inventory has grown from 15 units in June to 18 in July, marking the highest level in the past six months.
Market Listings
Asking prices currently range from $7,290,000 to $11,250,000, with an average of 141 days on market for active listings. The rise in available inventory combined with a broad price range may create more leverage for discerning buyers.
Sales Activity
Over the last six months, 10 CJ3+ aircraft sold (none off-market) with sale prices ranging from $6,400,001 to $9,750,001. Sold aircraft averaged 85 days on market, significantly shorter than the DOM for active listings, indicating that competitively priced aircraft are moving quickly. July recorded 2 sales, showing a rebound from the lack of transactions in June.
Key Takeaways
• Inventory levels increased for the second month in a row, reaching the highest point in six months.
• Sales activity has resumed after a pause in June, with July posting 2 completed transactions.
• The spread between asking and sold pricing suggests sellers at the upper end may need to adjust expectations.
• Shorter DOM for sold aircraft points to strong buyer interest in well-priced, market-ready examples.
• The uptick in inventory provides buyers with more selection, potentially increasing negotiation opportunities.
Key Insight
The CJ3+ market is showing both increased choice for buyers and selective demand. Aircraft priced in line with recent sales are moving quickly, while higher-priced listings are lingering. Sellers should remain attentive to competitive pricing trends to avoid extended time on market.
