Citation XLS+ Market Update:
The Jet Agent is pleased to provide this Citation XLS Gen2 and XLS+ market update for December 2024.
The Citation XLS+ market experienced a notable uptick in sales activity during November, continuing its steady momentum over recent months. Despite a decline in new listings, demand for the XLS+ remains strong, reflecting its enduring popularity and appeal.
Market Overview:
Fleet Size & Availability: There are currently 313 Citation XLS+ aircraft in operation. Of those, 13 units are listed for sale, representing 4.2% of the fleet. This marks a decrease from 16 listings (5.1%) recorded in the previous month.
Market Listings: The 13 available XLS+ aircraft have been on the market for an average of 274 days, up from 219 days last month. This increase reflects slower movement of less desirable listings while more sought-after options continue to sell quickly. Asking prices for XLS+ aircraft currently range from $6,500,000 to $11,900,000.
Sales Activity: Four Citation XLS+ aircraft sold in November, doubling October’s total. Over the past six months, 13 XLS+ aircraft changed ownership, including two off-market transactions. Publicly advertised XLS+ options sold in an average of 129 days, consistent with last month’s average of 128 days. Sale prices for XLS+ aircraft over the last six months ranged from $7,050,000 to $11,850,000.
Citation XLS Gen2 Update:
The Citation XLS Gen2 fleet remains relatively new, and limited pre-owned sales activity leaves insufficient data for reporting. We will revisit this segment when more transactions become available.
Key Takeaways:
The XLS+ market remains active, with robust demand leading to increased sales despite a slight reduction in inventory. As desirable aircraft continue to move quickly, buyers should act decisively in a competitive environment. Sellers remain well-positioned to capitalize on the XLS+’s strong market performance.
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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 acquisition or sale.
