Current market conditions in Puerto Vallarta are still active as properties are being bought and sold as well as rentals turning over. Although the weakening economy in the U.S. has slowed sales, Puerto Vallarta is experiencing an average of 0% - 3% appreciation per year (more in some areas) due in part to International and Domestic buyers. Currently we are seeing buyers from interior Mexico, USA, Canada, and Europe as well other areas of the world. Puerto Vallarta is a global market that can withstand downturns in other real estate markets. Real Estate prices have been depressed due to motivated sellers; however, most property prices have held steady as most property in Mexico is still bought with cash. We are not seeing the rapid appreciation of prices like in previous years as in the US. However, there are still buys to be had. Puerto Vallarta prices compared to Cabo San Lucas and other areas are still half of what similar properties would sell for in locations such as Cabo San Lucas and other hot spots in Mexico. If you are at all serious about buying a beach front property NOW is the time to buy when demand is lower and sellers are more motivated. Call Mr-Vallarta real estate sales department for your in depth analysis of what’s available in your price range. These market conditions will change and properties values will change in the near future it is only a matter of time. Most of our clients are Investors and or baby boomers looking to retire or spend winters in Mexico where the climate is warm with low cost of living including access to health care and warm and friendly people. Mexico specifically Puerto Vallarta meets all of these needs.
