Citation XLS Market Update:
The Jet Agent is pleased to provide this Citation XLS market update for December 2024.
The Citation XLS market remains characterized by limited inventory and steady demand, which continues to favor sellers. November saw a slight increase in new listings while sales remained consistent, underscoring the XLS’s position as a highly sought-after mid-size jet.
Market Overview:
Fleet Size & Availability: There are currently 323 Citation XLS aircraft in operation, reflecting a reduction of two units from last month due to retirements/part-outs. Of these, 11 aircraft are listed for sale, accounting for 3.4% of the fleet—an increase from nine listings (2.8%) in the previous month.
Market Listings: The 11 available Citation XLS aircraft have spent an average of 101 days on the market, improving from 125 days last month. With limited inventory and sustained demand, the market has favored sellers, resulting in competitive pricing. Current asking prices range from $3,995,000 to $7,200,000.
Sales Activity: Three Citation XLS aircraft sold in November, an increase from two sales in October. Over the past six months, a total of 15 XLS aircraft changed ownership, including four off-market transactions. Publicly advertised XLS options spent an average of 200 days on the market prior to sale, up from 173 days last month. Sale prices over the past six months ranged from $3,700,000 to $5,950,000.
Key Takeaways:
The XLS market remains tight, with inventory levels low and demand robust. Sellers continue to benefit in this market environment, supported by strong pricing and relatively quick transaction times. For buyers, securing a quality XLS will likely remain competitive in the near term as the aircraft continues to hold its appeal in the mid-size jet segment.
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