Market Reports

Citation CJ1 Market Update November 2024

November 2024 Citation CJ1 Market Update Report - The Jet Agent

Citation CJ1 Market Update:

The Jet Agent is pleased to provide the following CJ1 market update for November 2024.

The Citation CJ1 market took October off from recording any sales, but listing activity has continued to rise since May. Although October was a slow month for CJ1 aircraft sales, a few pending deals are expected to close soon, potentially boosting November’s sales numbers.

Let’s dive further into the CJ1 market update:

  • Availability: There are 195 CJ1 aircraft in operation today, with 21 currently for sale (10.8% of the fleet). This is up slightly from last month, when 20 were for sale (10.3% of the fleet).
  • Listings: The 21 CJ1 jets for sale today have been on the market for an average of 152 days. Last month, the average was 145 days. Current asking prices for CJ1s range from $1,300,000 to approximately $2,500,000. Listing activity for CJ1 jets has been generally rising since May, and with pending sales, we anticipate 2–3 sales in November.
  • Sales: No Citation CJ1s sold in October, but seven changed ownership over the last six months. Of those, two were sold off-market. Publicly listed CJ1 jets averaged 74 days on the market before selling, down significantly from last month’s 129-day average. We track a six-month rolling average, and some higher days-on-market (DOM) sales have fallen from the average since last month. In the last six months, CJ1 sale prices ranged from $1,250,000 to $2,300,000.

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At The Jet Agent, we stay on top of evolving market trends, with a particular focus on Citation fleets. Our team is here to assist you with your next Cessna Citation CJ1 acquisition or sale.

 

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