Incredibly, the first half of 2025 has already passed, and it’s time to assess how the broader Bay of Banderas housing market is performing. This year, thus far, has brought some challenges for investors that are trickling down to the local real estate market. That said, with every challenge comes opportunities for the savvy and those looking to explore living in our tropical paradise.
Examining all sales data recorded from January 1 to June 31, 2025, here are some key findings*:
- A total of 641 properties closed during the first half of 2025, with an average sales price of $504,038 and an average of 300 days on the market. This includes built and pre-construction condos, houses, lots, and commercial spaces.
- Of those transactions, 2 bedroom/2 bath and 3 bedroom/3 bath condos represented 55% of all sales in the first half of the year.
Let’s start with two-bedroom and two-bath units.
Puerto Vallarta and the surrounding Jalisco
- Constructed condos had an average sold price of $545,088 compared to a list price of $572,258. This means that, on average, they sold at 5% under asking.
- There were 101 sales transactions of these homes, which were on the market for 194 days.
- Pre-construction condos had an average sold price of $361,49 on an average list price of $383,028, about 6% under ask.
- There were 90 two-bedroom, two-bath pre-construction properties sold in the first half of the year, and were on the market for an average of 409 days.
Nuevo Nayarit and surrounding Nayarit
- A total of 36 constructed condos had an average sold price of $422,926 compared to a list price of $442,935. This means that, on average, they sold at 5% under asking.
- A total of homes were on the market for 238 days before selling.
- A total of 42 pre-construction condos had an average sold price of $398,171 on an average list price of $432,653, about 8% under ask.
- Two-bedroom, two-bath pre-construction properties were on the market for an average of 282 days
We now want to turn to three-bedroom and three-bath condos. While not as prevalent, these units continue to be an attractive option.
Puerto Vallarta and the surrounding Jalisco
- 16 constructed units had an average sold price of $1,287,906 compared to a list price of $1,347,125. This means that, on average they sold at 4% under asking.
- These homes were on the market for 151 days before selling.
- A total of 14 pre-construction condos had an average sold price of $694,650 on an average list price of $766,126. This means that, on average, these sold at 9% under ask.
- Three-bedroom, three-bath pre-construction properties were on the market for an average of 150 days
Nuevo Nayarit and the surrounding Nayarit
- Seven constructed condos had an average sold price of $567,500 compared to a list price of $596,400. This means that, on average, they sold at 5% under asking.
- These homes were on the market for 276 days before selling.
- A total of nine pre-construction condos had an average sold price of $667,610 on an average list price of $749,639. This means that, on average, these sold at 11% under ask.
- These 3/3 pre-construction properties were on the market for an average of 371 days
The net-net is we continue to be in a buyer’s market, and it’s a good time to look at purchasing your Vallarta dream property.
Next newsletter, we will take a deep dive into what drives pricing – location, views, square footage, development…all of the above?
*All sales data is reflected in United States dollars