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.
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.
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!
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.
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?
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.
I've been watching your CZcams channel and analyzing your videos for a few days. I saw your CZcams channel and understand you are a very hardworking CZcamsr. Very nice video on your channel, I enjoyed it. According to your channel, I noticed that you have good-quality videos but the videos are not getting views and subscribers are not increasing. I found some problems with your channel. 1. SEO Score is very low 2. Tag SEO friendly 3. No Share Social Media Platform and many problems on your CZcams Channel.
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.
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.
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
Appreciate the transparency. How does PV compare with other parts of Mexico. One of the strongest markets I assume.
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!
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.
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?
Great video, Gary! All the data out there like that allows me too, reflect intelligently on the possibilities of a future purchase. 🙏
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.
I've been watching your CZcams channel and analyzing your videos for a few days. I saw your CZcams channel and understand you are a very hardworking CZcamsr. Very nice video on your channel, I enjoyed it. According to your channel, I noticed that you have good-quality videos but the videos are not getting views and subscribers are not increasing. I found some problems with your channel.
1. SEO Score is very low 2. Tag SEO friendly 3. No Share Social Media Platform and many problems on your CZcams Channel.
Hmm....I wonder what the inventory #s would look like if all pre construction was removed:)
Number of Listings from our PV MLS Today (October 25):
Condos Existing - 357
Condos PreConstruction - 930
Houses Existing - 291
Houses PreConstruction - 32
your videos are great. i have mailed you
👍🏽👍🏽