Citation CJ1 Market Update February 2024

February 2024 Citation CJ1 Market Report The Jet Agent

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

There are 194 Citation CJ1s in operation today. As of February 5th, 2024, there were thirteen CJ1s available for sale, which is 6.7% of the total fleet. This is down just one CJ1 for sale from last month, when there were fourteen, or 7.2% of the fleet for sale.

There are a couple important figures we follow when studying the pre-owned aircraft market. First, we will look at the average time on market. We follow time on market for both aircraft currently listed for sale, as well as the aircraft that have sold over the last six months. Of the thirteen CJ1s listed for sale, they have spent an average of 178 days on the market so far. This is up a little from last month when the average time on market was 164 days. As for the CJ1s that have sold over the last six months, they spent an average of 96 days on the market before changing hands. This stayed mostly unchanged from last month when the six-month average time on market for sold CJ1s was 93 days.

The other important figure we follow is pricing, to see how the market is trending and how the aircraft is holding its value. We look at asking prices as well as a rolling six-month snapshot of sold prices. For the Citation CJ1s currently for sale, they range in asking price from $1,500,000 to $2,595,000. There was one Citation CJ1 sold in January, and ten over the last six months. The sold prices from that time frame range from $1,300,000 to $2,250,000.

In January, we saw the typical slow-down of aircraft transactions following yet another busy Q4 in 2023. While transactions may have slowed in January, there are still great aircraft to choose from available on the market, as well as buyers looking to purchase.

Finding a great deal in Q1 is possible, and working with a professional aircraft broker is your best option when it comes to sourcing your next aircraft. Contact The Jet Agent today and let us use our resources to help you find your next aircraft or find a buyer for your current aircraft!

Curious About The Value of Your Aircraft?

Request a free, no-obligation valuation report. We will provide a comparison between your aircraft and other aircraft that have recently sold, as well as a review of aircraft currently on the market that are similar to your aircraft, so that you have an objective value of your plane in today’s market.  

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