Our November 2023 update on what’s happening in the Citation CJ2 preowned sales market;
The Citation CJ2 fleet size remained unchanged this month, sitting at 235 aircraft in operation today. There are currently 15 for sale (6.4%) at the time of this publication, up from 8 (3.4%) for sale at the time of our update last month.
Sales for Citation CJ2s peaked in September this year with 4 changing ownership, and only 1 selling in October. The average asking price of Citation CJ2s currently for sale is $3.3MM, and the average sold price over the last 6 months is $3.19MM.
With the increase in Citation CJ2s for sale this month, that lowered the average days on market from 136 last month to 97 this month. The average time on market for sold CJ2s remained mostly unchanged from 98 days last month, to 97 days this month.
During Q4, it is more important than ever to be working with an experienced and professional aircraft broker. Pre-buy inspection slots are hard to find, and the available slots are filling quickly. Working with a broker who has relationships within the industry helps keep your transaction moving forward and closing in a timely manner. Contact The Jet Agent today and let us help you with your first or next aircraft transaction!