The fleet of Citation Mustangs currently consists of 472 aircraft in operation, with 31 of these available for sale, representing 6.6% of the fleet. This is a decrease from last month, when 35 Mustangs were on the market, or 7.4% of the fleet. Mustang listing activity is gradually cooling down as strong sales continue each month.
The 31 Citation Mustangs for sale have been on the market for an average of 171 days, slightly up from last month’s average of 164 days. Asking prices range from $1,050,000 to $2,795,000, offering a variety of conditions and pedigrees.
In terms of sales data, 10 Citation Mustangs were sold in June, and 41 have been sold over the last six months. Notably, 19 of these sales were off-market transactions. The Citation Mustang market experiences more off-market sales than any other fleet we follow. The on-market Mustangs spent an average of 127 days on the market before selling, up slightly from last month’s average of 113 days. Over the past six months, Citation Mustangs have sold for prices ranging from $545,000 to $2,670,000.
Each aircraft market is unique and full of intricacies that can be difficult to follow. As the markets shift, it is more important than ever to work with a professional aircraft broker who studies these markets daily and can make expert recommendations based on actual market data.
If you are interested in buying or selling an aircraft, or are just interested in learning more about the Citation markets, contact The Jet Agent today and let our team of experts share our knowledge with you.
