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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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Best Real Estate Companies in Puerto Vallarta: Why Choose Mexico Life Realty

Nestled on the stunning Pacific coast of Mexico, Puerto Vallarta is not only a paradise for vacationers but also a hotspot for real estate investors and homebuyers. The region's real estate market is bustling with opportunities, making the choice of a real estate company a crucial decision. Among the numerous options, Mexico Life Realty emerges as a beacon of trust and professionalism. Founded by John and Christie Forget, the company has carved a niche for itself by adhering to the principles of honesty, client-focused representation, and ethical business practices. In this blog post, we will explore the reasons that make Mexico Life Realty a premier choice for anyone looking…

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Grand Venetian Puerto Vallarta: A Luxury Escape to Paradise

Unveiling the Allure and Splendor of Grand Venetian Puerto Vallarta: A Dreamy Escape to Paradise

Escape to paradise at Grand Venetian Puerto Vallarta, where allure and splendor await you at every turn. Nestled along the golden shores of Mexico's most coveted beachfront, this enchanting resort transports you to a world of luxury and tranquility.

Immerse yourself in the grandeur of the Mediterranean-inspired architecture, with its magnificent columns and elegant archways, reminiscent of the timeless charm of Venice. As you stroll through the lush tropical gardens, you'll discover secluded pools and tranquil waterfalls, creating a serene oasis amidst the vibrant energy of Puerto Vallarta.

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Puerto Vallarta Beachfront Living: Your Guide to Paradise Found

Imagine waking up to the sound of waves crashing against the shore, sipping your morning coffee with a panoramic ocean view, and stepping directly from your condo onto pristine sands. This is the dream of Puerto Vallarta beachfront living, and for many, it's a dream within reach. Let's explore everything you need to know about making your oceanfront paradise a reality.

With its vibrant blend of Mexican culture, stunning beaches, and welcoming atmosphere, Puerto Vallarta has long been a haven for those seeking a relaxed yet exciting lifestyle. The allure of beachfront living only adds to the charm, promising a life where the rhythm of the ocean sets the pace for your day.

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Global Real Estate Boom: Puerto Vallarta's Attraction

In recent years, the beautiful coastal city of Puerto Vallarta has seen a surge in the number of global buyers investing in real estate. With its stunning ocean views, vibrant culture, and favorable investment climate, it's no wonder that buyers from around the world are flocking to this Mexican paradise. From luxurious beachfront condos to stunning villas nestled in the hills, Puerto Vallarta offers a diverse range of properties to suit every taste and budget.

Whether you're looking for a vacation home, retirement retreat, or a solid investment opportunity, Puerto Vallarta has it all. The city's real estate market has been steadily growing, attracting buyers from the United States, Canada,…

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