FEB 2025 - Puerto Vallarta & Area MLS Land Market Report

Published: March 1, 2025

TL;DR

The Puerto Vallarta land market is showing a high absorption rate of 60.48 months, meaning land sales are outpacing inventory increases. The average list price stands at $1,045,834.30, while the average sale price is $622,250, suggesting that buyers are negotiating significant discounts. The sale-to-list price ratio of 89.5% shows that while sellers are adjusting, there is still room for negotiation. Additionally, the average days on market (DOM) has increased to 243 days, indicating that land is taking longer to sell.

Comprehensive Market Analysis

This analysis covers monthly trends from March 2024 to February 2025, yearly comparisons, and…

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FEB 2025 - Puerto Vallarta & Area MLS House Market Report

Published: March 1, 2025

TL;DR

The Puerto Vallarta house market is seeing a shift toward a buyer's market with a 30.0 absorption rate and an increasing number of active listings. The average sale price has risen to $898,406.42, reflecting continued demand for higher-end properties. However, the average days on market (DOM) has increased to 197.1 days, indicating that homes are taking longer to sell. Sellers are adjusting by reducing list prices, yet buyers are still paying 93.1% of asking prices, showing ongoing market activity.

  • Buyers: Increased inventory means more options, but high-end demand remains strong.
  • Sellers: Pricing adjustments are key to competing in a market…

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FEB 2025 - Puerto Vallarta & Area MLS Condo Market Report

Published: March 1, 2025

TL;DR

The Puerto Vallarta condo market is shifting to a buyer's market with a 78.82% increase in absorption rate and 55.1% rise in active listings. Strong demand in mid-to-high price ranges ($250,000-$799,999+) is driving sale prices up by 27.50% and cutting days on market by 3.21%. Sellers are reducing list prices by 5.75%, yet buyers are paying 93.6% of asking prices, signaling a competitive and dynamic market.

  • Buyers: Market shifting in your favor, but competition remains strong.
  • Sellers: Pricing strategies matter more than ever in this crowded market.
  • Investors: Potential deals emerging, but timing is crucial.

Comprehensive Market…

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