Citation XLS+ Market Update:
The Jet Agent is pleased to provide this Citation XLS+ Market Update for January 2025 with a mention of the XLS Gen 2 market. The XLS+ market has been gaining momentum since August, with sales peaking in November. December saw a slight decline in transactions, but available inventory remains strong heading into 2025.
Availability
- There are 313 XLS+ aircraft are in operation today.
- Seventeen XLS+ aircraft for sale, representing 5.4% of the fleet (up from 13 last month).
Listings
- The 17 listings have been on the market an average of 214 days, down significantly from 274 days last month.
- This drop occurred because older listings sold in December, increasing the average days on market for sold aircraft. However, it reduced the average days on market for current listings.
- Asking prices range from $6,500,000 to $12,500,000.
Sales
- Three XLS+ aircraft sold in December, down from five in November.
- Over the past six months, 15 XLS+ aircraft changed hands, with four sales occurring off-market.
- Publicly listed XLS+ aircraft spent an average of 156 days on the market before selling, up from 129 days last month.
- Sale prices over the past six months ranged from $7,050,000 to $11,850,000.
Key Takeaways
- December sales declined, but inventory remains strong.
- Lower average days on market for current listings indicates newer aircraft are being listed.
- Healthy pricing range continues to attract interest from buyers.
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.
