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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Complete Guide to Closing Costs in Mexico's Restricted Zone: 2025 Edition

Last Updated: February 2025 | Reading Time: 15 minutes

Key Takeaway: Expect to budget 6-8% of your purchase price for closing costs when buying property in Mexico's restricted zone. These costs include the mandatory bank trust (fideicomiso), notary fees, transfer taxes, and various governmental permits.

Understanding Mexico's Restricted Zone Property Rules

Mexico's restricted zone encompasses all land within 50 kilometers (31 miles) of any coastline and 100 kilometers (62 miles) from any international border. This constitutional provision, established to protect Mexico's national sovereignty, doesn't prohibit foreign ownership—rather, it creates a special…

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MISSING THIS DOCUMENT? You Could Pay DOUBLE Taxes on Your Mexican Property (or even more)

Essential Guide to Understanding CFDI Complemento in Mexican Real Estate Transactions

The Critical Importance of CFDI Complemento in Mexican Property Transactions

Important Legal Notice: This requirement affects all Mexican property transactions from January 1, 2014, to present.

Since January 1, 2014, a crucial document has become the cornerstone of Mexican real estate transactions: the CFDI Complemento (Comprobante Fiscal Digital por Internet con Complemento). This digital tax receipt was introduced as part of Mexico's modernization of its tax system and applies to all property purchases from 2014 onward. Many property owners only…

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Where Investment Meets Opportunity

Executive Summary

The Puerto Vallarta land market presents a fascinating landscape of opportunity and transformation. With inventory levels reaching historic highs and an unprecedented absorption rate of 77.7 months, we're witnessing a market that demands strategic vision and patient capital. This dramatic shift has created unique opportunities for those with the foresight to recognize long-term value.

Month-over-Month Analysis (October vs November 2024)

Current Market Dynamics Active Listings decreased from 402 to 395 (-1.7%) New Listings increased from 19 to 27 (+42.1%) Sold Listings doubled from 3 to 6 (+100%) Median Sale Price decreased from $540,600 to $171,000 (-68.4%) Absorption…

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Executive Summary

If the Puerto Vallarta housing market were a Mexican film, we'd be watching an epic transformation scene. With inventory levels soaring and prices performing an intricate dance, the market has definitively shifted to favor buyers. Yet, like any great story, the plot contains numerous fascinating subplots worth exploring.

Month-over-Month Analysis (October vs November 2024)

The Latest Chapter in Our Market Saga Active Listings decreased from 572 to 565 (-1.2%) New Listings decreased from 77 to 70 (-9.1%) Sold Listings decreased from 25 to 16 (-36%) Median Sale Price increased from $285,000 to $336,250 (+18%) Absorption Rate improved from 27.79 to 26.69 months (-4%)

The most notable shift? Days on Market…

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Puerto Vallarta Condo Market Report - November 2024

Executive Summary

If the Puerto Vallarta condo market were a telenovela, we'd be witnessing quite the dramatic season. With inventory levels reaching new heights and prices performing their own version of a Mexican standoff, the market has decidedly shifted in favor of buyers. However, like any good drama, there are plenty of plot twists to consider.

Month-over-Month Analysis (October vs November 2024)

The Latest Episode in Our Market Saga

The market showed notable changes from October:

Active Listings increased from 2,057 to 2,236 units (+8.7%) New Listings jumped from 231 to 285 (+23.4%) Sold Listings decreased from 70 to 46 (-34.3%) Median Sale Price increased from…

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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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