June 2023 Puerto Vallarta and Area Real Estate Market Report
Posted by John and Christie Forget on
Real Estate Market Report - JUNE 2023
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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
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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.
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Average List Price: The average list price…
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