Puerto Vallarta and Area MLS Condo Market Report
Posted by John and Christie Forget on
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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