Citation CJ1 Market Update April 2024

April 2024 Citation CJ1 Market Update The Jet Agent

Our April 2024 update on what’s happening in the Citation CJ1 preowned sales market;

Currently, there are 194 Citation CJ1s operational, with 11 of them available for sale, accounting for 5.7% of the fleet. Notably, there has been a discernible decline in CJ1 listings over recent months. In December, there were 19 available for sale, steadily decreasing to the current 11 listings.

Alongside this reduction in listing activity, there has been an observable uptick in the average days on the market for CJ1s currently available for purchase. On average, these aircraft have been listed for 204 days, with asking prices ranging from $1,500,000 to $2,150,000.

Reflecting the trend in listing activity, sales of CJ1s have also experienced a slowdown since December, albeit not to a standstill. Twelve Citation CJ1s have been sold in the past six months, with an additional four sold since the start of this year. Over the previous six months, the average time to sell a CJ1 from listing to transaction was 122 days, with sold prices ranging between $1,300,000 and $2,250,000.

However, only three CJ1s have been brought to market for sale since the beginning of this year. Therefore, unless the current listings begin to move at a swifter pace, it is expected that the average days on market for CJ1s will continue to rise.

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