The Citation Encore continues to be a popular and valuable option for well-informed owners who appreciate its performance and relative affordability compared to other light jets. Encore owners often hold onto their aircraft, resulting in limited availability in the market. When Encores do become available, they tend to sell faster than most other light jets.
Availability:
Only 159 Citation Encores are currently in operation, making this a niche market. This limited fleet means sellers should work with market specialists to price their aircraft accurately, ensuring it doesn’t linger on the market. With so few Encores available, it’s crucial for sellers to target the right price to attract buyers quickly.
Listings:
The current inventory of Citation Encores for sale has an average of just 53 days on the market, with sold aircraft over the last six months averaging 99 days. Average asking prices vary widely, primarily based on engine program status. Encores with robust engine programs, such as ESP Gold, or those with fresh or recent overhauls, are especially desirable. In contrast, Encores without engine programs or nearing major overhauls tend to command lower prices.
Sales:
In the last six months, Citation Encores sold in the range of $2,900,000 to approximately $4,700,000. Prices fluctuate depending on factors like engine program enrollment, proximity to major overhauls, and overall aircraft condition. Buyers are encouraged to work with acquisition consultants to identify quality aircraft, as value-decreasing factors can be challenging to spot in the preowned market. Expert guidance is key to ensuring a fair price and a quality aircraft.
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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 Encore acquisition or sale.
