Fleet Size and Availability
There are currently 9 Citation Encore+ aircraft for sale, including 2 off-market units, representing a notable 14.1% of the active fleet. This marks a sharp increase in fleet availability compared to the 7 aircraft listed last month.
Market Listings
The asking price range currently spans from $3,995,000 to $5,000,000, with average days on market for active listings now at 179 days, up slightly from May’s 153 days.
Sales Activity
Only 1 aircraft sold in the past six months, and it was a retail transaction. The sold price was recorded at $4,600,000, aligning with the top of the current asking range. Average days on market for the sold unit was 153 days.
Key Takeaways
- Inventory increased to its highest point in six months, now at 9 listings.
- Sales activity is minimal, with just one retail sale over the last six months.
- Average days on market increased, suggesting slower buyer response or misaligned pricing.
- Asking prices remain firm, but this may not reflect true market appetite.
- High percentage of fleet for sale (14.1%) may exert downward pressure on pricing if sales volume doesn’t improve.
Key Insight
The Citation Encore+ market is seeing an imbalance between supply and demand, with inventory building and limited sales. This trend indicates a softening market, and sellers may need to adjust pricing or incentives to attract buyer engagement. Buyers have increased leverage and should negotiate accordingly.
