As we step into 2024, the real estate market continues to exhibit resilience and dynamism and today, we are exploring the evolving landscape of Puerto Vallarta’s CONDO market in 2023, with the intention of providing you with the information that may help you seize unique opportunities for your real estate goals in 2024.
Here are the key insights from our year-over-year (2022 vs 2023 condo sales) analysis:
Diverse Options
With 3,339 active condos, there’s a 5% increase in available properties compared to 2022. Explore a diverse range of options to find the perfect home away from home.
Buyer’s Advantage
The 39% decrease in condos SOLD signals a more balanced market, offering favorable conditions for those seeking competitive deals.
Efficient Transactions
The 21% reduction in days to close streamlines the buying process. Enjoy quicker transactions and settle into your new condo sooner.
Promising Neighborhoods
Keep an eye on areas like Aramara, where the average sales price increased by 32%, and South Shore, with a 17% increase. These neighborhoods showcase positive growth and may provide exceptional value.
Aramara area
South Shore area
Exploring Investment Potential
Identify areas with positive growth trends, emphasizing the investment potential they offer. While negotiations are inherent, certain neighborhoods across Puerto Vallarta showcase favorable market dynamics. Buyers can explore these locations for potential long-term value and gradual appreciation.
Ready to embark on your real estate journey in Puerto Vallarta? Let’s schedule a personalized consultation to discuss your goals and find the perfect property for you.
Sold Market Condo Analysis 22-23 by area available upon request.
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