Puerto Vallarta by the Numbers: Discover the Opportunity to Invest in Your Dreams!

Puerto Vallarta has established itself as one of the most attractive destinations for real estate investment in Mexico. Its combination of natural beauty, world-class tourism infrastructure, and excellent quality of life make it a magnet for both domestic and international buyers.

If you’re thinking about buying a property in this privileged location, now is the perfect time! The real estate market in Puerto Vallarta is booming, with high demand and constantly rising prices.

Puerto Vallarta Real Estate Market Analysis

1. Supply and Demand

Property Diversity

The Puerto Vallarta real estate market offers a wide range of options for buyers, from luxurious beachfront condos to charming colonial homes in the historic center.

As you can see in the graph, there has been a steady increase in the number of properties for sale throughout 2023 and 2024, reaching 3,680 in November 2024. This indicates an expanding market with new properties available to meet the growing demand.

Increasing Demand

Sales volume has also experienced sustained growth, exceeding $100,000,000 in November 2024. This reflects strong demand, driven by the area’s natural beauty, tourism, and foreign investment.

The “Volume” graph shows the consistent growth in sales volume throughout 2023 and 2024, reflecting a dynamic market with a high level of transactions.

Fluctuating Absorption Rate

The absorption rate, which indicates the time it would take to sell all current inventory, has shown some fluctuation throughout the year, with peaks in certain months. This suggests that demand may vary depending on the time of year and other market factors. However, in general, the absorption rate remains at reasonable levels, indicating a relatively balanced market.

Looking at the “Months of Inventory” graph, we can see the fluctuations in the absorption rate over time.

2. Prices

Upward Price Trend

The real estate market in Puerto Vallarta shows a clear upward trend in property prices, as can be seen in the “Price Trends” graph. Both the average price of properties for sale and the average price of properties sold have increased throughout 2023 and 2024. In November 2024, the average sale price is $730,843 and the average price of properties sold is $467,710. This upward trend in prices reflects the high demand and appreciation of properties in the area.

Negotiation Opportunities

While the market is competitive, there are opportunities to negotiate the price of properties.

The “Sale/List Price” graph shows the relationship between the final sale price and the initial list price. This ratio has shown a downward trend throughout the year. In November 2024, this ratio is around 92%, indicating that, on average, properties sold for 8% less than their initial list price. This suggests that buyers have some room for negotiation, especially if they are well advised.

3. Time to Sell

Downward Trend in Time to Sell

The average time a property stays on the market before selling has shown a downward trend in recent months, as seen in the “Days on Market” graph. While there are fluctuations, in November 2024 the average time of 272 days suggests that properties are selling more quickly. This can be an indicator of high demand and market competitiveness.

The Puerto Vallarta real estate market is in an exceptional moment. The combination of abundant supply, strong demand, rising prices, negotiation opportunities, and a downward trend in time to sell creates an ideal scenario for investing in this paradise.

Are you ready to find the property of your dreams in Puerto Vallarta? Contact us today and we will help you find the best option for you.