Puerto Vallarta Real Estate Market Update

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Puerto Vallarta Real Estate Market Update | 2023

Рет қаралды 5,011

Күн бұрын

Actually, the PV real estate market is holding up pretty well given the current uncertainty in the US market. Only time will tell how we are ultimately affected here. In this video I show you the state of our market here in the 4th quarter of 2023.
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Email: garyshirkcb@gmail.com
Tel/WhatsApp: +52 322 172 3508
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NOTE: INFORMATION IS RELIABLE BUT NOT GUARANTEED. ALL PRICING IS SUBJECT TO CHANGE
The creator of this content is not a CPA, attorney, insurance agent, or financial advisor and the information in these videos shall not be construed as tax, legal, insurance, construction or financial advice. DO NOT make buying or selling decisions based on this content. Tax laws and immigration/residency policies in Mexico are subject to change and should be discussed with a qualified Mexican accountant. Always work with local experts when considering a foreign property investment. Any use of other media is by fair-use only.
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Пікірлер: 14

@katemitchell665 9 ай бұрын

Foreigners may have paid for their homes outright but are you sure some of them didn’t borrow that money against their US or Canadian mortgage so they could have the cash to buy their vacation rental? Also, if interest rates keep rising in the US and Canada and people go more and more into debt, then maybe selling that paid vacation rental and paying down their debt or mortgage could still happen? (I’ve heard Ontarios cottage country has many cottages for sale, but not that many buyers). And lastly, what’s going on with the rental market in PV? I’ve heard there are more rentals on the market than typically and that’s because not as many people are travelling right now? So, for people to keep their home and rent it out, may not be such a good thing? Mind you, can’t say that what I’m saying is right so other opinions and insights would be welcome.

@simmons3k 9 ай бұрын

Would be interested in your take on how volatility in USD-MEX exchange rates are impacting as well. Feels like I'm seeing more properties advertised in pesos on my last trip, including new builds.

@GaryShirkPV 9 ай бұрын

Yes, it's a good observation. I don't have any stats but I've definitely seen more new developments selling in pesos. We'll see if it continues

@andrewthacker114 9 ай бұрын

Appreciate the transparency. How does PV compare with other parts of Mexico. One of the strongest markets I assume.

@adanaltamiranomoreno2028 8 ай бұрын

Hey Gary neat analysis! let me give you a foodhack in return. Swing by Av. de los Tules 169 Jardines de Vallarta this weekend and look for a restaurant called "El Negrito", they are hosting this month chilaquiles festival to die for!. Ask for my men Hector Juarez, he will treat you propperly and guide you through all the special dishes, the suizos were my favorite!

@brandonsimmons2414 8 ай бұрын

Hi 👋🏽 neighbor ! Thank you Gary for this through market analysis and breakdown. I think it’s spot on. My only fear is that the post pandemic construction boom that’s currently occurring all along the bay of banderas will eventually saturate the market with an abundance of inventory which may potentially drive prices down. In contrast, I also think that the PV area has seen an increase in demand in recent years due to the sargassum challenges on Mexico’s Caribbean coast. Only time will tell what will happen. See you soon neighbor.

@AKTesla 6 ай бұрын

I understand that the city can barely keep up with the changes, water, electricity and internet, also there's problems with the sewage system backing up. Is there a possibility that these issues could drive down home prices in PV?

@surf01er66 9 ай бұрын

Thank you , great information. I live on the island of Oahu , and the prices have finally stabilized. Sells are good because of demand. I was looking at properties in Costa Rica for a couple of years, covid definitely drove prices up.

@caryde7445 9 ай бұрын

Great video, Gary! All the data out there like that allows me too, reflect intelligently on the possibilities of a future purchase. 🙏

@richgarcia2209 9 ай бұрын

Hmm....I wonder what the inventory #s would look like if all pre construction was removed:)

@GaryShirkPV 9 ай бұрын

Number of Listings from our PV MLS Today (October 25): Condos Existing - 357 Condos PreConstruction - 930 Houses Existing - 291 Houses PreConstruction - 32

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