Thanks for watching and thanks for the comment. I can certainly help get you started, reach out anytime!

Yes, here is an update: kzfaq.info/get/bejne/i82idbKJvKy1mqc.htmlsi=P5rdCFoTZnCqZ15O

Hi, I just learned that the previous time share owners were transferred over to the time share company’s other property in the South Bay PlayaDelSol which is still a time share

I'm not sure what your main point is here. Playa and Tulum have hundreds of new construction projects underway and there is a lot of competition for sure. No doubt that you can find a place there for cheaper. Folks who are buying in PV are doing so mostly for the fact that it is PV. They like the proximity to their home city, the art scene, the theater scene, the ability to drive to mountain towns and villages or a short hop to Guadalajara. Additionally, many folks are very wary of sargassum and hurricanes. The demand is high here and prices follow.

That is unfortunate for those in tower 3 of the Venetian, and those at the Peninsula, the Chicabal club is rare though as it is the only major open air night club on the beach.

Hola, my name is Nik and I work with Gary. I spend a lot of time analyzing the real estate data, and unfortunately I have to let you know that you are incorrect. As of April 19, the average sold price for condos is $439,042. I analyze the data monthly and it has not gone down since 2021. I'm happy to share these data with you if you like.

You can download the latest market update (Q1 2024 at the time of this content) here: www.yourpvrealtors.com/market

Deeded properties listed in our PV MLS, which is part of Mexico's national real estate association (AMPI), are normally priced by looking at similar comps in their neighborhood - regardless of whether they're owned by Mexican citizens or foreigners. There is a market outside of AMPI, but most brokers here recommend that foreign buyers stay within the MLS

@@hoppeanofasgard1365 You may in fact be able to find some properties that are not listed on the MLS for less, but likely they would be in areas that you would not want to live in. Let's use the Marina area as an example, and this is an actual example. I was driving through the neighborhood and spotted a for sale by owner so I pulled over and knocked on his door. He was kind enough to let me in and chat with me even though I told him I was an agent. He had his home over priced relative to the other AMPI listed homes on his street (there were several). Getting back to your question (and Gary's answer) homeowners in general, but especially Mexican nationals have a tendency to overprice their properties. The national mentality here is I'll start way high and we can negotiate down. What they do not understand is that when a property is seriously overpriced, you won't have anyone to negotiate with. Buyers agents and buyers in general won't bother looking at properties out of their price range or if they are overpriced. Several other factors why agents stay away from non AMPI sales are: 1)How are you going to find these homes? Craigslist? Facebook? Road signs? Each of those techniques have been around for a long time and do work, but they are a ton of work, and they are very hit and miss. When/if you do find such a property for sale, you will have to dig for information, call ask about the size, number of bedrooms etc etc - all the stuff that you would find in a second by looking at the MLS listing. 2)In order for a property to be listed on the MLS, a variety of legal factors need to be verified, homes that are not on the MLS are immediately suspect. As a buyers' agent, I won't take a client to a property that is not listed on the MLS. If a buyer finds a property that they really want and it's not on the MLS, it's also highly likely that I won't take that job. It's a ton of extra work. If the house is being represented by an agent, then the agent is non-AMPI and I'll have to do all the legal work for him (if he is not AMPI likely he has no clue what he is doing), if the property is for sale by owner, same answer - I'll end up doing all the work. There may be one or two exceptions where getting involved with a non AMPI property is feasible, but it would be rare.

Several years ago you could build for approximately $11,000 pesos, the price for building over the last year or so has been in the $25,000 to $28,000 pesos/m2.

@@nikvalcic1875 ah the gringo price has kicked in, well the best way to offset that is to get builders from other area of the state.

@@hoppeanofasgard1365 Unfortunately, that is not the case. It has to do with the price of steel , concrete, aluminum, and other commodities. There is also a shortage of workers, so that increases your costs. I am involved with several large development projects so I hear these details direct from the developers.

@@nikvalcic1875 So is this a phenomena in only Puerto Vallarta or are these shortages and higher prices effecting all of Mexico? where does Mexico get it's steel and concrete?

@@hoppeanofasgard1365 Inflation and supply chain issues are a global phenomenon.

Lifestyle Property Management in Puerto Vallarta. They manage properties in the Romantic Zone, Hotel Zone and I believe Versalles

Hey there, this is Nik and I work with Gary. I do check out the MLS daily and download buckets of raw data from them weekly. As of April 19 prices are up 8% vs the same period last year (Jan 01 - April 19) average prices are up 10%. Sales are down, as is normal in a US election year, but prices remain. With Mexican consulates in the USA and Canada jammed with folks looking for their residency and with the continued retirement of the boomers and early retirement of the X'rs, I don't anticipate much slowdown over the next few years.

We love lovely Mexicans in Canada too.

I’ve had the pleasure to meet some Canadians in Mérida, you guys are really amazing and easygoing people. You keep a smile even in the most unbearable hot summer days, which is pretty amazing. Not even we can. I recently had the privilege to stay some weeks in British Columbia and it was the experience of my life! I’m definitely visiting it again soon.

We just hadn’t visited Merida, but I do hear it’s a good place to check into

I’ll also ask Wade if he had considered there and get back

Those were the statistics taken direct from the MLS at the time of filming. We don't make this stuff up. We are salesmen for sure, but we base our information on legitimate statistics that we get from the official AMPI MLS portal.

@@nikvalcic1875 I hope realize that MLS portal doesn't cover all properties listed in PV. without looking at other sources like inmuebles and icasa, you'll never have a full understanding of the market.

I tend to agree, and once Americans and Canadians can no longer afford these inflated prices they're going to drop like a brick. Heck some foreign owned properties might need to be liquidated to help some families stay afloat if they over extended them selves.

Fluvial is weird from what I've noticed over the last 3 years observing it, back in early 2021 houses were going for 350k, then spiked to 500k in the middle 2023 for no reason at all because they were still building and providing greater inventory, then when they slowed down construction in the area prices came down to 475k, and now they're back up again hitting 550k and sometimes beyond. I don't understand this at all, these houses are nice and all but they have almost no land, they're built town house style, usually have no pool or very small pools, pools that if in the back "yard" have no sun light because it's being blocked from other homes. If someone could explain this to me, or make any sense of the market in that neighborhood please let me know.

475k seems about right for a 5bdr in fluvial. don't get gringo priced, wait it out until prices start to come down.