With the end of the first quarter of 2025, we wanted to take the temperature of the current real estate market in the greater Puerto Vallarta area.
In a phrase, it’s a buyer’s market. We did a deep data dive to see how this year compares to the same time of 2024 and found a continued strong and vibrant market.
Looking at all sales recorded from January 1 to March 31, 2025, here are some key findings:
- 261 properties closed during the first quarter of 2025
- The average sold price for properties was $559,046 compared to $503, 302 for the same period in 2024. This reflects an over $56,000 increase year over year.
- The average days on the market held relatively steady at approximately 261 days.
- Properties sold an average of 7% below list price for Q1 2025 – up from 5% in Q1 2024.
- The most expensive property sold for $2,995,000 for an eight bedroom, eight and a half bath house on the South Shore of Vallarta.
In an upcoming article, we will take a deep dive into condos, both built and pre-construction, and look at the areas where most of the transactions are taking place.
The world has seen a very chaotic and tumultuous beginning to 2025 with markets around the globe roiled by tariffs and consumer uncertainty, but investing in the Bay of Banderas real estate market continues to show year-over-year growth…and endless amounts of sunshine and cool ocean breezes.