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Puerto Vallarta Real Estate Market Reports:

All statistics used in these Marketing Analysis Reports came from the Puerto Vallarta, Riviera Nayarita, and Compostela Sections of the Mexican Association of Real Estate Professionals (AMPI) Multiple Listing Service.

For more detailed information please feel free to contact: roger@myvallartarealty.com

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Q1 - 2016 Puerto Vallarta Real Estate Market Report

April 11, 2016 Statics Report

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877.547.2192 |  roger@myvallartarealty.com

Puerto Vallarta, Mexico - The Easter holiday is over and we have the results from the 1st Quarter Puerto Vallarta Real Estate Market. It has been a wonderful season filled with incredible weather, activities, theater, concerts, parades and celebrations and, of course, a busy real estate market.

Here is a comparison for the 1st Quarter of 2015 compared with the 1st Quarter of 2016.

The number of Condominium sales in Puerto Vallarta are up by 19% but the sales volume is down by -5%. The average sales price is down by -21%.

The number of House sales in Puerto Vallarta are up by 9% and sales volume is up by 47%. The average sales price has also risen up 35%.

In general we had a good start to 2016 in Puerto Vallarta this year with things a little slower for Riviera Nayarit. Our biggest obstacle has been the exchange rates for Mexican National buyers and Canadian buyers who have been looking at increases due to the exchange rates of up to 35% – 40%. They have been holding back on making their investments until exchange rates are more in line with last year. I strongly believe that if the exchange rate for the US dollar against the peso and Canadian dollar were in line with last year’s rates we would have had a blockbuster first quarter. The buyers are still hungry to purchase but are waiting for some stabilization in rates.

Please feel free to contact one of our professionals for any questions regarding this market report.

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Favorable Statistics so far for Puerto Vallarta in 2016

Date: May 16, 2016 Author: MLS Vallarta

Puerto Vallarta performed very well for the first quarter of 2016 for hotel occupancy and total airport and cruise ship passengers registered for 2015.

  • For the first quarter of 2016 hotel occupancy in Puerto Vallarta was 82.5%, its highest level in a decade, 4.5% more than in the same period of 2015
  • Nuevo Vallarta finished the same period with 86.7%.
  • In 2015 the Puerto Vallarta International Airport saw its most passengers since 2008 when there were 3,241,000 registered, finishing last year with 3,518,000 passenger registrations.
  • TAR, Alaska Airlines, Southwest Airlines and Iceland Air opened up five new routes to Puerto Vallarta Airport with 31 weekly frequencies.
  • Puerto Vallarta also recorded an improvement in the arrival of cruise passengers in 2015 with 322,000 people visiting the port, 34 percent from a year earlier, and a level it hasn’t seen since 2008.

Statistics provided by the Mexico Tourism Ministry

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