Citation CJ3 Market Update February 2024

February 2024 CJ3 Update

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

There are currently 409 Citation CJ3s in operation today. As of February 6, 2024, there were 27 CJ3s for sale, which correlates to 6.6% of the fleet. This is up slightly from our January 8, 2024 update, when there were 25 CJ3s, or 6.1% of the fleet, for sale.

 

One of the metrics we follow is the average time on market, both for aircraft currently listed for sale as well as aircraft sold over the last six months. The Citation CJ3s currently for sale have been on the market for an average of 127 days. This number has decreased almost 30 days from last month, when the average was 156 days, and can be attributed to aging listings being sold or withdrawn from the market. The average days spent on the market for Citation CJ3s sold in the last six months was 142 days, up just slightly from last month when it was 136 days.

 

The other metric we follow is the range of prices for aircraft currently for sale, as well as the range of sold values of aircraft that have changed ownership over the last six months. If you are looking to purchase a Citation CJ3 today, you could expect to see asking prices between $4,250,000 and $6,500,000. In January, there were no CJ3 sales, and over the last six months, 19 CJ3s sold. Of those 19, they sold at prices that ranged from $4,800,000 to $6,100,000.

 

In January, we saw the typical slow-down of aircraft transactions following a busy yet relatively restrained Q4 in 2023. While transactions may have slowed in January, there are still great aircraft 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!

Learn More About The Preowned Citation Jet Markets

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