Puerto Vallarta Condo Market Report: Shifting Tides in Paradise (June 2024)
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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
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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