Puerto Vallarta Real Estate Market Snapshot – First 8 Months of 2012
I thought it might be interesting to compare 2011 to the first 8 months of 2012. Although we haven’t finished the year yet I was looking for market indicators. Here is what I found;
The year 2012 has been another year of growth for the Puerto Vallarta real estate market showing a 7% increase in total sales volume overall. The overall number of sales so far this year is up 8% over 2011 figures. Condominium sales Volume is up 14% the first 8 months of this year (September 9, 2012) and the number of Home Sales are up by 6% while home sales volume is down by 23%. Land sales volume is up by 124% and the numbers of land sales are up by 75%. As we prepare to head into our busiest season the outlook is good for continued growth in the market.
Puerto Vallarta remains a great place for investment and now is a great time to take advantage of the opportunities the economic downturn has created with some properties. Contact a Timothy Real Estate Group Agent for more about market conditions and how you can take advantage of the market.
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Timothy Real Estate Group – An innovative company setting new standards in Real Estate sales and services has the most professional and experienced Realtors in the Puerto Vallarta area who understand the intricacies of Mexican Real Estate ownership, the local market, Puerto Vallarta property codes and regulations and financing. The Timothy Group uses that knowledge to provide a sound analysis on every aspect of property ownership. Timothy Real Estate Group is known for professionalism and experience and they bring this to every transaction they work on for the benefit of Real Estate investors and developers alike. Ask about our Real Estate Listings