The Citation CJ3+ market enters August with relatively limited inventory and continued transaction activity. Available supply has remained fairly consistent throughout the spring and summer, while July delivered a notable rebound in sales following a slower June. With 13 aircraft currently available and 18 transactions recorded over the past six months, recent sales volume continues to compare favorably with the number of aircraft currently offered for sale.
Fleet Size and Availability
There are currently 13 Citation CJ3+ aircraft available for sale, including 4 off-market aircraft, representing 4.2% of the worldwide fleet.
Publicly marketed inventory has remained relatively stable over the past six months. Total aircraft tracked for sale increased from 14 in February to 17 in May before settling at 16 in both June and July. Current availability, including off-market opportunities, remains low relative to the overall fleet.
At 4.2%, the percentage of the fleet currently available remains below the 5.8% of the fleet that has transacted during the past six months.
Market Listings
Current asking prices range from $6.5 million to $10.75 million, while reported six-month transaction prices span $6.1 million to $11.5 million.
The wide range on both sides of the market reflects the differences that can exist across model years, aircraft time, maintenance status, engine programs, equipment, and overall condition.
Current listings average 105 days on market, notably below the 136-day average for aircraft sold during the past six months.
Sales Activity
A total of 18 CJ3+ aircraft have sold during the past six months, including 3 off-market transactions.
Monthly sales were remarkably consistent early in the period, with four transactions in February followed by three each in March, April, and May. Activity slowed considerably in June with just one sale before rebounding to four transactions in July, tying February for the strongest month of the period.
That July rebound is particularly encouraging given that available inventory remained unchanged from June.
Key Takeaways
• 13 aircraft are currently available, including 4 off-market, representing 4.2% of the fleet.
• 18 aircraft sold during the past six months, representing 5.8% of the fleet.
• July recorded 4 transactions, rebounding sharply from just one in June.
• Asking prices range from $6.5 million to $10.75 million.
• Current listings average 105 days on market, compared with 136 days for sold aircraft.
• For-sale inventory has remained relatively stable after peaking at 17 aircraft in May.
Key Insight
The CJ3+ remains one of the more balanced Citation markets heading into August. Six-month sales volume exceeds current available inventory, supply represents only 4.2% of the fleet, and July’s four transactions show that buyers remain active. The shorter average days on market among today’s listings also suggests that much of the current inventory is relatively fresh. For sellers, that creates a favorable backdrop, but buyers still have enough selection to remain disciplined on aircraft that are priced aggressively or do not compare well with competing CJ3+s.
