Some are saying 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.
However, 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%.
Buyers are paying 93.6% of asking prices, signaling a competitive and dynamic market.
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Average List Price: Decreased slightly from $579,842.98 to $548,472.11 (-5.75%), suggesting sellers are adjusting prices downward to remain competitive.
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Average Sale Price: Rose from $493,160.12 to $532,643.00 (+27.50%), reflecting strong buyer demand despite lower list prices.
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Average Days on Market (DOM): Decreased from 213.5 to 181 days (-3.21%), showing properties are selling faster.
What This Means for Buyers
With inventory increasing and sellers adjusting prices, buyers have more choices and negotiating power. However, competition remains strong in the mid-to-high range ($250,000-$799,999), where demand is concentrated.
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While some sellers are dropping prices (-5.75%), sale prices are still rising (27.50%), meaning buyers should be prepared for competitive offers.
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Properties in desirable locations and price points are selling fast; acting quickly on well-priced listings is key.
Is this the right time for you? Let's talk.
Your Partner & Resource - Shasta Townsend
My expertise and exceptional service have earned me features on prestigious platforms including HGTV, The Huffington Post, and MSN Money & more.
I am an AMPI registered agent with REMAX On The Bay, and I specialize in white glove relocation as well as real estate with a global perspective.
If you are ready to find your Mexico shangri-la or curious what’s on the market here in Puerto Vallarta and Riviera Nayarit, let’s connect.
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