Our August 2023 update on what’s happening in the Citation Encore preowned sales market;
Over the last 6 months, the Citation Encore market has seen a steady rise in aircraft available for sale. At one point in July, there were 13 Citation Encores available for sale. 3 sold and 1 was withdrawn from the market, and July ended with 9 aircraft available for sale, or 5.7% of the fleet of 159 total Citation Encores.
There is still a good balance of quality units available for sale as well as higher-hour, former charter planes. Overall, the current average asking price in this market is $3,720,715. Citation Encores sold in the last 6 months had an average sold price of $3,150,000. With only 6 Citation Encores sold in the last 6 months, July was a significant month for sales for the Citation Encore with three sales.
If you are looking to buy or sell a Citation Encore, it helps to work with someone who has both flown and sold this aircraft before. It is a unique aircraft, and dealing with someone with first-hand experience at the controls of both the aircraft and the sale is key. Contact The Jet Agent today and let us provide our expertise, no matter which side of the transaction you will be on.