As we close the chapter on 2023 and step into the fresh beginnings of 2024, it's pivotal to look back and understand the shifts and trends in the real estate market. In this recap, we delve into the year-long journey of two distinct property types: condos and houses. The insights presented here are drawn from comprehensive market data, including active listings, sales performance, pricing trends, and more, offering a clear picture of the past year's real estate dynamics.

Condos: A Snapshot of Resilience and Growth

The condo market in 2023 showcased a remarkable resilience and an upward trajectory in pricing, despite the fluctuations in listings and sales. Starting the year with 1,254 active listings in January and peaking at 1,750 by December, the…

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Why Median Home Sales Price Is Confusing Right Now

The National Association of Realtors (NAR) is set to release its most recent Existing Home Sales (EHS) report tomorrow. This monthly release provides information on the volume of sales and price trends for homes that have previously been owned. In the upcoming release, it’ll likely say home prices are down. This may seem a bit confusing, especially if you’ve been following along and reading the blogs saying home prices have hit the bottom and have since rebounded.

So, why would this say home prices are falling when so many other price reports say they’re going back up? It all depends on the methodology of each one. NAR reports on the median home sales price, while some other sources use repeat…

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People Want Less Expensive Homes – And Builders Are Responding

In today’s housing market, two main affordability challenges impact buyers: mortgage rates that are higher than they’ve been the past couple of years, and rising home prices caused by low inventory. To overcome those challenges, many people are working with their agents to find less expensive homes. And with newly built homes making up a historically large percentage of the total available inventory today, that search often includes brand new homes.

People Are Spending Less on Newly Built Homes

The graph below uses the latest information from the Census to show in June, more of the newly built home sales in this country were in lower price ranges than in 2022:Last year, only 58%…

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Comments Below!

Some Highlights

  • Today’s housing inventory is still well below more normal years.
  • This low inventory is why homes that are priced right are still selling quickly and seeing multiple offers.
  • If you want to sell your house, now is a great time because inventory is still low. Let’s connect to start the process.

The Puerto Vallarta housing market in recent years has been characterized by a phenomenon that's turning into a golden opportunity for homeowners looking to sell - the persisting low housing inventory. It's a stark change, a deviation from the abundance of choices that once defined the housing landscape.

This limited supply of Puerto Vallarta homes for sale, coupled with robust demand driven by…

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Strap on your sombrero and prepare to salsa, because we've just discovered that Mexico tops the charts as the most desired live-and-work abroad destination! This fantastic fiesta-fact comes courtesy of Internations, the networking nook for those who love mixing business with pleasure in foreign lands.

Get this: an astounding 90% of expats in Mexico are just beaming with happiness! That's totally outshining the global grin-o-meter, which stands at 72%.

So, you're wondering, "how do you measure this joy, exactly?" Well, the aptly-named "Expat Insider" report has the 411. It rates 53 fabulous locales on five dimensions: quality of life, ease of getting cozy in your new crib, professional life, personal finance, and a cool collection called “expat…

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Real Estate Market Report - JUNE 2023

To see all of our market areas individually, please visit

Executive Summary - CONDOS

The current real estate market for Condos has experienced significant shifts over the past year, culminating in an intriguing landscape for potential investors, buyers, and sellers alike. The current status quo reveals an uptick in list and sale prices compared to the same period last year, with a decrease in days on the market.

Key Market Indicators

  • Absorption Rate: It has seen a rise of 44.71% from June 2022 to June 2023, reaching 10.81. This year-to-date figure is slightly lower than the previous year, hinting at a minor slowdown in sales pace.

  • Average List Price: The average list price…

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Retirement is a milestone that many of us look forward to, a time when we can finally relax and enjoy the fruits of our labor. And what better way to spend your golden years than in paradise? Puerto Vallarta, located on Mexico's stunning Pacific coast, offers a dreamy setting for retirees seeking a serene and vibrant lifestyle. In this blog post, we will explore the enticing opportunities that Puerto Vallarta's real estate market presents for those looking to retire in paradise. From the sun-kissed beaches to the rich culture and warm hospitality, Puerto Vallarta has it all. So, let's dive in and discover why retiring in Puerto Vallarta is a decision you won't regret.

Retire in Paradise: Puerto Vallarta Real Estate for Retirement

Are you dreaming of…

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Selling your home is an exciting journey, but one essential task you can't overlook is decluttering. A decluttered home not only creates a strong first impression but also highlights the space and not your stuff, lowering the risk of negative impressions. Buyers walking into a decluttered home can clearly envision their life in that space, making your property more attractive.

To declutter, start by taking inventory of your belongings. It's important to identify what you want to keep, what to sell, and what to donate or throw away. Organize these items into respective categories to streamline the process. Consider hosting a garage sale for items you want to sell or donate to local charities.

A decluttered home isn't just visually appealing; it…

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The Pros and Cons of Pre-Construction in Mexico

Thinking about dipping your toes into the preconstruction pool in Mexico? Hold your horses, amigo! Before reaching out to any developers, make sure you have a chat with us first. Skipping this crucial step might leave you swimming in the deep end without a lifeguard on duty. Trust us; we're here to help you navigate the fiesta of preconstruction like a true pro!

Have you ever considered buying preconstruction property in Mexico? Mexico's beautiful beaches, vibrant culture, and attractive prices have made it a popular destination for real estate investment. One option for investors is buying preconstruction properties, which allows you to secure a property before it's built. Like any investment, it has…

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Looking to sell your home?

When you're a proud homeowner, you get to relish the unparalleled joy of having a space that's entirely yours, catering to your every whim and fancy. It's a place where you and your loved ones can thrive. But what if you suddenly find yourself craving a change of scenery? If this stirs a chord within you, maybe it's time to hop on the moving train!

The National Association of Realtors (NAR) recently unveiled their Home Buyers and Sellers Generational Trends Report, which reveals that the average Joe and Jane have resided in their current home for a decade. Time flies, doesn't it? So, if you've been nesting in your current dwelling for a while now, ponder over how drastically your life has transformed since you first moved in. Even if you were…

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