The Citation Encore market update July 2023 report is as follows:Â
Availability:
The Citation Encore was produced from 1998 to 2008, and many pre-owned models are available. This make and model continues to attract buyers with its unique value and performance within the light jet market. The fleet stands at 159 total aircraft. Inventory has steadily increased over the past six months, with available units rising from just three in February to 11 by June. Despite this increase, average days on market remain low, sitting at 86 days for available Encores. Buyers face a diverse mix, including family-owned aircraft with lower hours and retired charter aircraft with over 10,000 total hours.
Listings:
The current average asking price for a Citation Encore is $3,793,375, a strong indicator that this model is holding its value well. The mix of aircraft on the market has led to a wide range of conditions and prices. Encores with robust maintenance histories and lower hours are especially attractive to buyers who appreciate the Encore’s blend of performance and reliability compared to other light jets.
Sales:
Over the past six months, Citation Encore sales averaged 142 days on the market. The average sold price is currently $3,075,000, slightly lower due to several recent wholesale deals. We expect this figure to rise as more retail transactions replace these wholesale sales in our data.
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Per this Encore market update July 2023, finding a quality pre-owned aircrThe Citation Encore was produced from 1998 to 2008, and many pre-owned models are available. can be challenging, but The Jet Agent is here to help. Our expertise and in-depth knowledge of the Citation Encore make us the best resource for navigating this niche market. Contact The Jet Agent today to explore the best options available.
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