Citation Encore Market Update May 2024

May 2024 Citation Encore Market Report - The Jet Agent

Our May 2024 update on what’s happening in the Citation Encore preowned sales market;

There are 159 Citation Encores in operation today, and 8 of those are for sale today (5% of the fleet). This is up 2 Encore listings from last month, when there were 6 available for sale, or 3.8% of the fleet.

Starting with the 8 Citation Encores that are for sale, they have been on the market for an average of 123 days, and range in ask price from $2,925,000 to $5,850,000. Over the last six months, listing activity for the Citation Encore has been mostly static, with between 8 and 10 Encores being available at any given time over the course of each month.

Now for the 8 Citation Encores that sold over the last six months, they spent an average of 89 days on the market before selling, and range in sold price from roughly $2,800,000 to $4,125,000. April was the first time in the last six months that there were no Citation Encores sold. With the exception of April, there were 1 or 2 Encores sold per month over the last six months, maintaining a steady trend between listing activity and sales. The Encore has also maintained a predictable range of sold prices over the last few months, suggesting buyers and sellers agree on pricing strategies for the aircraft. While it is a legacy aircraft, there is still strong demand, and it remains a favorite among pilots and owners alike.

Each aircraft market is unique and full of intricacies that can be difficult to follow. As the markets shift, it is more important than ever to work with a professional aircraft broker who studies these markets daily and can make expert recommendations based on actual market data. If you are interested in buying or selling an aircraft, or are just interested in learning more about the Citation markets, contact The Jet Agent today and let our team of experts share our knowledge with you.

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