Citation CJ3 Market Update April 2024

Citation CJ3 Market Update April 2024 The Jet Agent

Our April 2024 update on what’s happening in the Citation CJ3 preowned sales market;

There are 409 Citation CJ3s in operation today, and as of April 5th, 2024, 22 are for sale (5.4% of the fleet). This is down just 1 CJ3 for sale since our March 5th, 2024, update when there were 23 available, or 5.6% of the fleet for sale. 

Asking prices for the CJ3s for sale today range from $3,950,000 to $6,495,000, with these aircraft having been on market for an average of 161 days to date. 

The recent peak of CJ3s available for sale was in December 2023 when 34 were for sale.  Sales also peaked in December with 9 CJ3s finding new homes. Over the last six months, a total of 18 CJ3s have sold, ranging in sold price from $4,800,000 to $6,350,000. 

The six-month average number of days to sell a Citation CJ3 was 141 days. That number has stayed relatively static over the last few months. 

Typical to yearly trends, Q1 transactions were quite a bit slower than Q4 2023.  There were no CJ3 sales in January, 1 in February, and 2 in March. As we write this update, there have already been 2 CJ3s sold in April, and a few aircraft still pending sale that should close soon. 

While the year started its usual annual pattern of a slower pace of transactions, we anticipate sales increasing in the months to come based on the activity we are seeing in offers being made on CJ3s currently available on market.

Working with a professional aircraft broker that knows the market 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.

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