Citation Excel Market Update:
The Jet Agent is pleased to provide this Citation Excel Market Update for January 2025. Overall sales activity has gradually declined since peaking in September 2024, but transactions continue steadily.
Availability
- There are 354 Citation Excels in operation.
- The 20 active Excel listings represent 5.6% of the fleet (down from 21 last month).
Listings
- The average days on market for the 20 listings is 158 days, holding steady from last month’s 156 days.
- Asking prices range from $1,595,000 to $6,000,000, offering a wide range of entry points for buyers moving into the midsize jet category.
Sales
- December saw two Excels sold, mirroring November’s numbers.
- Over the past six months, 19 Excels have changed hands, with seven of those transactions occurring off-market.
- Publicly listed Excels averaged 204 days on the market before selling, slightly up from 196 days last month.
- Sale prices over the past six months ranged from $1,650,000 to $4,100,000.
Key Takeaways
- Sales activity has declined since the September peak, but transactions remain consistent.
- Listings are slightly down, maintaining a balanced market.
- Well-priced Excels continue to sell within a reasonable timeframe.
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