Our August 2023 update on what’s happening in the Citation CJ3+ preowned sales market;
With the help of a few new factory deliveries, the Citation CJ3+ fleet has grown to 249 aircraft. There are currently 12 CJ3+s available for sale, or 4.8% of the fleet. Over the last 6 months, listings have steadily increased with plenty of well-equipped aircraft available for sale. In the same time frame, sales of Citation CJ3+s have been trending downward. These figures are highlighted by average time on market, with current listings averaging 82 days on market, and sold aircraft averaging 166 days on the market.
Currently, the average asking price of preowned Citation CJ3+s is $8,691,818 while the average sold price over the last 6 months is $7,900,000. This can be attributed largely to the number of newer model Citation CJ3+ aircraft currently on the market that have skewed asking prices upward.
With new deliveries still occurring for the Citation CJ3+, some owners are electing to upgrade to a newer model, which means the market is filled with great options for pre-owned Citation CJ3+ aircraft. Working with a Citation CJ3+ expert will help you identify some of these options before they ever hit the market. Contact The Jet Agent today and let us put our resources to use for you and deliver a world-class aircraft acquisition experience.
