Our July 2023 update on what’s happening in the Citation Sovereign+ preowned sales market;
It has been a slow first half of the year for the Sovereign+ market, but June brought some new activity. There was only 1 sale this year before June (in March), and now June brought 2 more sales bringing some life back to this market. This is a smaller fleet for the Citation line, with 98 Citation Sovereign+ total. 7 are currently for sale, which is 7.1% of the fleet. This aircraft does not trade as often as some of the smaller airframe Citations, and the average days on market for the units currently for sale is 157 days. The average days on market for units sold was 156 days. That gives us a good idea of what to expect when planning to list a Citation Sovereign+.
During the last 6 months, the units sold were some of the earlier produced Citation Sovereign+ airframes, giving us an average sold price of $12,200,000 while the current average list price is $13,739,000.
This is a unique aircraft, with various available options. Buying or selling a Citation Sovereign+ takes an expert who knows all the features available. Contact The Jet Agent to discuss the best strategy for finding a Citation Sovereign+ that fits your needs, or how to effectively market your Citation Sovereign+ as you are getting ready to sell.