Puerto Vallarta Land Market Report - November 2024

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…

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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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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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