Comprehensive Homes Market Report: August 2024 - Puerto Vallarta and Area

Overview

The homes market in Puerto Vallarta and the surrounding area as of August 2024 shows significant changes compared to the previous year, with notable increases in inventory but decreases in sales prices. This report analyzes key metrics to provide insights into the current state of the market. All data presented here is sourced from the AMPI MLS (Asociación Mexicana de Profesionales Inmobiliarios Multiple Listing Service) and represents comprehensive information for Puerto Vallarta and the surrounding area.

Key Metrics (August 2024 vs August 2023)

Active Listings: 557 (+54.7%) New Listings: 47 (+17.5%) Pending Listings: 12 (-66.7%) Sold Listings:

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Comprehensive Condo Market Report: August 2024 - Puerto Vallarta and Area

Overview

The condo market as of August 2024 shows significant changes compared to the previous year, with notable increases in inventory and pricing, but a decrease in sales volume. This report analyzes key metrics to provide insights into the current state of the market. All data presented here is sourced from the AMPI MLS (Asociación Mexicana de Profesionales Inmobiliarios Multiple Listing Service) and represents comprehensive information for Puerto Vallarta and the surrounding area.

Key Metrics (August 2024 vs August 2023)

  • Active Listings: 1,877 (+31.6%)
  • New Listings: 182 (+38.9%)
  • Pending Listings: 63 (-3.1%)
  • Sold Listings: 46 (-41.0%)
  • Median Sale Price

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Key Market Indicators: July 2024

  • Active Listings: 546 (↑46.3% from July 2023)
  • Closed Sales: 20 (↓21.7% from July 2023)
  • Median Sale Price: $350,000 (↓4.11% from July 2023)
  • Absorption Rate: 24.82 months (↑83.17% from July 2023)
  • Sale to List Price Ratio: 94.9% (down from 98.0% in July 2023)

Navigate this evolving home market with Mexico Life Realty

Email: Info@MexicoLife.com | WhatsApp: +52-322-109-4502

Introduction: A Market in Flux

The home market in 2024 is undergoing a significant transformation, creating a landscape of both challenges and opportunities for buyers, sellers, and investors. As we delve into the latest data from July 2024, we're observing trends that are reshaping the real estate terrain. Let's…

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Key Market Indicators: July 2024

  • Active Listings: 1,698 (↑16.8% from July 2023)
  • Closed Sales: 56 (↓27.3% from July 2023)
  • Median Sale Price: $340,000 (↓2.86% from July 2023)
  • Absorption Rate: 22.20 months (↑56.67% from July 2023)
  • Sale to List Price Ratio: 93.8% (down from 97.0% in July 2023)

Navigate this changing market with Mexico Life Realty

Email: Info@MexicoLife.com | WhatsApp: +52-322-109-4502

Introduction: A Market in Transition

The condo market in 2024 is experiencing a seismic shift, creating waves of opportunity and challenge for buyers, sellers, and investors alike. As we dive into the latest data, we're seeing trends that are reshaping the real estate landscape. Let's break down what's happening and…

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Market Overview

The Puerto Vallarta housing market in June 2024 showed significant changes compared to the previous year. Here are the key metrics:

  • Active Listings: 506 (42.9% increase from June 2023)
  • New Listings: 46 (17.9% decrease from June 2023)
  • Pending Listings: 27 (42.1% increase from June 2023)
  • Sold Listings: 18 (45.5% decrease from June 2023)
  • Average List Price: $1,028,260.80 (5.43% increase from June 2023)
  • Median List Price: $660,500 (4.94% increase from June 2023)
  • Average Sale Price: $594,522.72 (22.81% increase from June 2023)
  • Median Sale Price: $432,500 (11.18% increase from June 2023)
  • Average Days on Market: 205 (5.09% decrease from June 2023)
  • Absorption Rate: 22.08 (76.78% increase from June…

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As we dive into the latest data on Puerto Vallarta's condo market, it's clear that the winds of change are blowing through this tropical paradise. Let's break down the key trends and what they mean for buyers and sellers in this vibrant Mexican coastal city.

1. Inventory Surge

Active Listings

The number of available condos has skyrocketed over the past year. In June 2024, there were 1,727 active listings, a whopping 24.4% increase from the 1,388 listings in June 2023. This surge in inventory gives buyers more options but may put pressure on sellers to make their properties stand out.

2. Sales Slowdown

We're seeing a significant cooling in the market when it comes to closed sales. June 2024 saw only 56 condos sold, compared to 83 in June…

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Introducing Luxury Waves: The New Jewel of Bucerias

PRE-CONSTRUCTION! Available December 2025. -  Discover the latest addition to Bucerias’ stunning coastal skyline – Luxury Waves. This brand-new development is poised to redefine luxury living in one of Mexico's most sought-after destinations. Featuring exquisite design, premium amenities, and a prime location, Luxury Waves offers an unparalleled lifestyle experience.

Prime Location and Stunning Views

Situated just a half block from two pristine beach accesses, Luxury Waves places you at the heart of Bucerias. Whether you’re taking a leisurely 5-minute stroll to downtown or enjoying the convenience of being just 20 minutes from Vallarta’s international airport, everything you need is within…

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The Closure of Point2 Homes in Mexico: What It Means for You and How Mexico Life Realty Can Help

Introduction

The real estate landscape in Mexico has experienced a significant change with the upcoming July 2024 closure of Point2 Homes in Mexico. Since 2005, Point2 Homes has been one of our trusted platforms for property listings and real estate information in Mexico. However, due to a change in their business model, they are now only servicing Canada and the USA. This leaves many users wondering where to turn for their real estate needs. Fortunately, Mexico Life Realty is here to step in and provide the reliable, comprehensive service that homebuyers, sellers, and investors require.

Impact on Users

The closure of Point2 Homes affects a…

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Marina Towers Puerto Vallarta: Redefining Luxury Living in Puerto Vallarta Real Estate

Soon to be located on the pristine beachfront of the exclusive Marina Vallarta community, Marina Towers Puerto Vallarta stands as a pinnacle of luxury and sophistication in the Puerto Vallarta real estate market. This premium development is not just a residence; it's a lifestyle choice for those seeking the best in luxury and comfort.

Unmatched Location

Marina Towers is uniquely positioned on the last available beachfront stretch in Marina Vallarta, offering breathtaking views and direct access to the Pacific Ocean. Its strategic location ensures that residents enjoy proximity to Puerto Vallarta's top dining, shopping, and cultural activities, making it a…

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Riviera Nayarit, nestled along the Pacific coast of Mexico, boasts some of the most picturesque and challenging golf courses in the world. This guide will take you through each of the nine prominent golf courses in the area, highlighting their unique features, design, and the natural beauty that surrounds them. Whether you're a seasoned golfer or a beginner, these courses offer something for everyone, with detailed descriptions to help you choose your next golfing destination. At the end of each Riviera Nayrit Golf Course information, there is a link to find real estate in the area.

El Nayar Vidanta Golf Course

Overview

Set against the lush backdrop of the Sierra Madre mountains and the expansive Pacific Ocean, the El Nayar Vidanta Golf Course is…

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