Puerto Vallarta Real Estate Market Update 2022
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- čas přidán 12. 09. 2024
- With the turmoil in the US housing market in full swing, check out how the market in Puerto Vallarta is fairing.
For more information on property investment in Puerto Vallarta and the Banderas Bay, or any question you have about moving to and living in Mexico, don't hesitate to contact me.
Gary Shirk
Phone or WhatsApp
(+52) 322 172 3508
Email
gary.shirk@cblacosta.com
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More great videos about buying vacation and investment properties in Puerto Vallarta
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Buying, Financing, Owning Video Series:
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NOTE:
The content provided in this video is for informational purposes only and should not be taken as investment advice. Investing involves risks, and it is important to conduct thorough research and seek professional guidance before making any investment decisions. The content presented here is based on the available information at the time of the video, and market conditions may have changed since then. The views and opinions expressed in this video are those of the speaker and do not necessarily reflect the official policies or positions of any organization. Always exercise caution and consider your individual financial goals and risk tolerance before making any investment choices.
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NOTE: INFORMATION IS 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.
#ushousingmarket #crashhousingmarket #Mexico #zonaromantica #TravelMexico #MovingtoMexico #InvestingInMexico #LivingInParadise #PuertoVallarta #housingmarket
While more data is needed, if we look at how PV purchases are funded via Heloc/Home sales money from US/CA it is clearly going to affect sales numbers in PV.
Thank you, well done.
Not liquidity from US Banks. Tighten that seat belt!
What is the best way to buy a property at a better price, a foreclosure, a bank owned, a repossessed property?
Unfortunately you generally won’t come across foreclosures, repossessed, etc because the majority of properties here are not financed. Perhaps some exist but I don’t have any insight in that area
It’s a trickle down effect. It’s all U S money going to PV too so there will be an impact by the kid of 2023.
Very intelligent analysis Gary and very easy to follow. Well worth the time! Thanks!
Thank you, Gary. Should I hold out on purchasing property in Puerto Vallarta until you get more data? I’m also interested in purchasing property in Bucerias as well.
At this point, I don't think anyone knows how much impact we'll feel here relative to the downturn in the north. So far we have not been impacted and I'll be keeping a close watch
Great video! I'm looking forward to my vacation at the grand venetian in the spring!
Thank you Gary for your very informative video. I am very grateful that I came across your video today. I just subscribed your channel and will keep an eye on the market! Thanks again:)
I think your to positive Gary, realtor talking. Since you’re not on the ground in the USA, I am involved with real estate transactions in Oregon and I can tell for sure, our economy will affect PV, no way to avoid it. Most expats purchase based on equity from their home and with little activity going on now, the money is not going to end up in PV. With the fact PV has so much new construction going on, the market will be affected. I speculate there will be an adjustment of prices, just don’t know how much. My wife and I are watching to see how the market adjusts as we plan on purchasing at some point in 2023 as I anticipate USA beginning a turn for the better in early 2024.
Gary, thanks for this. Appreciate your updates.
Great info Gary as usual. Looking forward to more updates as things develop over the next year or so.
Thanks Gary for staying on top of this!
Thanks for this information Gary 👍.
God bless you
Great content
Informative video , guessing Sayulita is the same trend..........Aloha
Sayulita stats are included in the overall PV stats that I shoed in the video. If interested, I could separate out Sayulta and show its numbers separately
Are timeshare a scam? Or would that be a good budget short term rental for 2 to 7 months usage?
Interesting overview. Thx. Can you share any data on Fluvial area please?
Jan, I now have some Sales Price & Inventory charts for Fluvial. If you send an email to me at gary.shirk@cblacosta.com, I'll send them to you
I appreciate your updates Gary 🤩Is it possible that PV / Bucerias is being over built now?
It's a great question. A lot of the available area on or near the beaches from PV to Bucerias is already built, but there's now quite a bit of development happening further from the beach, and on the mountain side of the main highway
Also, I believe that US / CAD with PV cash purchases , took their equity out of their escalating home values so they won’t have that kind of liquidity any longer especially 2023. Just my thoughts 🔮
Excellent, honest analysis. Subbed.
@@lynnesunshine Our thoughts exactly! We are going back down in February 2023 to see activity. We are standing in the belief that once hot money leaving the US & Canada evaporates values will have to readjust. Without a financing option like the US and tightening Canadian currency leaving Trudeau’s prison, values will have to go down.
We have our capital ready 😊
Great information, Gary. Thank you! I'm in escrow to buy a luxury condo in Amapas right on the water. Can't help but worry that my timing is poor. Any observations about how the luxury end of the market is/will hold up?
Do you have experience in helping Canadians rent and buy in PV Mexico?
I am on early pension now but maybe 🤔 the mountain side is lower cost to buy?
What is your email address please
Do you have a link of homes available in PV in the romantic and Zona Hotelera.
I can help with that. Please send me an email and I’ll set you up with an account on our MLS to search and view PV properties (gary.shirk@cblacosta.com)
Just scratch the surface.
Give it 2-4 years to see the bottom.
Everything that goes up, will eventually go down, especially with all the overbuilding there. There will be huge inventory hitting the market in 2023. There were building cranes all over PV when I was there last year.
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