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Using the search function in the Member’s Area

You can use the public-side of MLSVallarta to search for properties, but you’ll find you’ll have more options and flexibility if you use the Search function in the administrative member’s only area of the website.

To do this, first sign into the member’s area and then click on the Search link located in the left side navigation bar.

When the page opens, you’ll see the search criteria fields along the top, and the properties listed below. All current listings now showing, but we are going to want to narrow that down.

If you are looking for a specific property or area, you can use the first field, but for most searches you’ll be selecting a property type, price range and region.

You’ll also want to click on whether you want to search for currently listed properties, pending sales, solds or expired listings.

Let’s do a current inventory search first.

We’ll look for condos, priced between 400 and 750,000. And we’ll select all areas to start with, so we get all properties wherever they may be located in and around Vallarta. Then click on the large search button. All the condos in this price range will be listed below, which is quite a few. Let’s reduce it by limiting our search to the Vallarta North region, which includes the Hotel Zone and Marina Vallarta, and try again. We can reduce the number further by selecting the number of bedrooms we are looking for.

The search results are listed in a condense list format, but if you click on this icon you can see the same list but with photos included.

Now, what if you wanted to search for properties that have been sold?

To give us a clean search, we’ll click on the “Reset all Filters” link located below the search button to clear all the fields we may have selected. We’ll then select condos again, in Vallarta North, priced between 500 and a million, and then we’ll deselect Current and select Sold. Now, in advanced search, and this is important, we’ll want to limit the date range of our search. There’s sold data going back 20 years, which is probably not want you want. Going back a year is most common so we’ll select that. Then click on Search.

If we want to limit the search to just Marina Vallarta, we can go back and select it and search again.

If we wanted only beachfront properties with an elevator, we could select that – there’s lots of options. Play with it for awhile to learn all it can do.

And that’s about it. If you want to print the results just hit the print button.

Now, if you were doing this because you want to prepare a CMA for a client, you may want to use the Comps (CMA) function instead as it will produce a nice, professional looking report for you. Check out the CMA instructional video on how to do that.

Be/Deco

Proudly Mexican company with more that 15 years producing high quality decorative items. The decoration line is conformed by original designs of art pieces, unique and high-end. 

We have six elements in our production: clay, glass, wood, iron or metal, fiberglass and oil. The purpose is to decorate any space for our domestic and foreign clients.

Puerto Vallarta Condo Stats for 2018

The most popular type of real estate in Puerto Vallarta continues to be the condominium, accounting for 75% of the sales in 2018, a percentage in line with previous years. The condominium makes a lot of sense for second-home buyers who are looking for something that is easy to secure, low in maintenance, and they can leave for long periods of time. The views they can provide, especially from tower projects, can be impressive.

We decided to take a closer look at condominiums with regards to the number of bedrooms they have, price and size. Rather than studying the whole market we narrowed it down to just the downtown, hotel zone and the south shore regions, combining the three together, which comprises about 50% of the market and is a good representation of the “middle” of the market.

Price

The pie chart below shows four categories for what the average sales prices were for condominiums. $100,000-$250,000 and $250,000-$500,000 are roughly the same size with about 40% of the all sales. Combined they make up 80% of the market, leaving little for those above $500,000 (12%) or below $100,000 (6%).

The average size of a condominium under $100,000 was 670 f2, 1020 f2 for a condominium between $100,000-$250,000, 1470 f2 for condominiums priced between $250,000-$500,000 and 2285 f2 for condos over $500,000.

Type

When considering the number of bedrooms for this region, the two-bedroom, the traditional favorite, makes up for half of all sales. Next would be the one-bedroom unit, with just 6% for studio units and 10% for unit with three or more bedrooms.

A studio unit’s average size was 620 f2 and average price was $130,000. For one-bedroom units it was 865 f2 and $185,000 respectively. For two-bedrooms 1465 f2 and $320,000 and for a three-bedroom the average size was 2670 f2 and average price was $565,000.

Size

When we consider the size of the units we find that just over a third of all units sold were under 1,000 f2. Another third were between 1,000-1,500 f2, leaving remaining third for units over 1,500 f2.

Condos from under 1000 f2 up to 2000 f2 averaged about the same price with regards to cost per square foot or meter: $225 f2 ($2,400 m2). Condominiums over 2000 f2 in size averaged $190 f2 ($2,045 m2).

Conclusions

The most popular condo is a two-bedroom unit that accounts for 50% of all condos sold in 2018. Over 88% of condo sales were for units priced under $500,000, with only 12% for condos sold above that. And 2/3rds of all condos sold last year were under 1,500 f2 in size, half of those were under 1,000 f2.

Alamar Launches New Tower – Delta IV

Grupo de Real del Mar and Tierra y Armonía recently held a ground breaking event for their latest residential tower, Delta IV, and has already sold its first unit as it roles out its new pre-sale program. Delta IV follows Towers I & II which are 100% sold out, and Delta III which is now under construction and is 60% sold out.

Alamar is situated in Nayarit, 30 minutes north of the international airport, in the village of La Cruz de Huanacaxtle. Nestled into the hillside, it features panoramic views of Banderas Bay. It also features a large beach club and restaurant, integrating the jungle with the sea. Alamar has created a unique, innovative development that offers a healthy lifestyle in a very exclusive environment.

For more information, visit Alamar’s description page with photos and available inventory.

Puerto Vallarta 2018 Look-Back Real Estate Report

The Vallarta/Nayarit region had another record year for real estate sales, bettering 2017 by 30% with over $360 million in sales. Two-thirds of those sales were for condominiums with just under 30% for homes.
These numbers were provided by MLSVallarta and Jonathon Smart at Riviera Partners Realty, which he obtained from the MLS system of the local real estate association, (AMPI), and together provide a reasonable assessment of the local real estate market. “Reasonable” as it doesn’t include all sales – a few of real estate developments are not members of either service and therefore their sales are not included. And it seems the farther you get away from the center of Puerto Vallarta, further up the coast of Nayarit, the less sales are reported.
Punta Mita, for instance, had a great season with over $65 million in sales, but few of these were included in MLS numbers. If this region’s sales, and those of non-member developers were included, total sales would probably be somewhere in the $450-$500 million.
From what is reported, though, some interesting information can be extracted. One is that the average condominium sales price increased in 2018 by 3% to $282,00 from $275,000 in the previous year. Even more interesting, however, was that the average size of a sold condominium is getting smaller – in 2017 the average size was 1,520 f2 whereas in 2018 it was 1,415 f2 – shrinking by 8%.

Why are condominiums getting smaller?

This is currently a development, new-product driven market. It is also a market driven by a demand for less expensive units – people have less money or want to spend less on a second home. In 2007, at the top of the market, the average sales price for a condominium was $400,000 and the average size was over 2,000 f2. The average condominium sold today is nearly 30% smaller compared to ten years ago, and the average price is 30% less expensive. It seems the market is demanding cheaper product and the developers are delivering that by providing smaller units.
Further evidence that sales prices are lower is that 50% of the sales in 2018 were sold for under $250,000; nearly 90% were under $500,000, leaving just over 2% selling for over $1 million. That 2% includes both homes and condominiums.
If we consider sold information by price-per-square-foot, (or m2), however, we find that the average condominium sold for $180 f2 ($1,936 m2) in 2017, but $200 f2 ($2,152 m2) in 2018. Meaning condominiums today may seem less expensive compared to what they were in 2017, but you actually are getting less real estate for your dollar. In fact, real estate prices for condos have actually gone up 10% over the past year.
There are properties selling for over $1 million but they tend to be limited to the Punta de Mita region at the northern point of the bay in Nayarit. Nearly all the sales that took place there in 2018 were for over one million, with one property going for as high as $7 million.

Most popular regions

The most popular region, in terms of number of sales was once again Emiliano Zapata, (or also known as the Romantic Zone), in Central Vallarta, responsible for nearly 25% of sales reported in 2018, (except for those in Punta Mita). The next most popular was the Hotel Zone (20%), followed by Nuevo Vallarta and the South Shore tied at 11% each.
In short, Puerto Vallarta has become a market for very reasonably priced real estate with the number of sales taking place increasing every year over the past ten years. And it continues to be driven by developers who are building smaller units to remain competitive, primarily in the south side of downtown Vallarta. There’s development taking all around the shores of Banderas Bay, but downtown Vallarta remains the favorite, with other areas, such as Marina Vallarta and Bucerias, recently seeing a large increase in new development taking place.

Grupo Vidanta unveils “The Estates” in Nuevo Vallarta

The Rio Ameca, which runs through the middle of the Banderas Bay region and separate the states of Nayarit and Jalisco, functioning as a natural border, also has the international on one side of its banks and on the other, the largest real estate development in the area, Vidanta. And it’s about to get even bigger.
Grupo Vidanta has been primarily a timeshare development company, with limited growth into the full-time real estate market. But it seems that is about to change with the announcement of The Estates, a “one-of-its-kind luxury development” to debut at Vidanta in Nuevo Vallarta. The Estates will offer “ultra-luxury opulence thanks to high-end details, plush amenities and lavish vacation experiences. One of the key distinguishing factors of these sumptuous new units is that they offer a private sanctuary designed to honor and reflect the sweeping beauty of the natural landscapes that surround them.”
What is not clear in Vidanta’s recent press release is if The Estates will feature condominiums, single family homes, or both, just that they will be available in one-, two- and four-bedroom units, “boasting an indoor-outdoor al fresco design, thoughtfully designed with modern touches while embracing the unique cultures of both coastal destinations. Guests will enjoy spacious living and dining room spaces, elegant spa-inspired bathrooms, secluded terraces and a private outdoor pool and lounge area. Model units will be available for guests to tour later this year.”
Vidanta already includes in its offerings the renowned Norman Signature Golf Course, Almaverde farm, and Santuario entertainment plaza at Vidanta Nuevo Vallarta and the acclaimed Cirque du Soleil show, JOYÀ, The Beach Club, and Salum Beachside Eateries and Market at Vidanta Riviera Maya. The Estates, they say, will provide an exclusive paradise for those who crave personalized, curated and extravagant travel experiences.
Grupo Vidanta was founded in 1974 by Daniel Chávez Morán, and is one of Mexico’s preeminent full-service tourism developers, specializing in vacation destinations, luxury hotel brands, golf courses, real estate, tourism infrastructure and entertainment.

Vallarta Real Estate Fair on February 16th

Set to take place on Saturday, February 16, the 2019 Vallarta Real Estate Fair provides opportunity for buyers, sellers, and homeowners to get the important information their real estate investments.
Hosted by Timothy Real Estate Group, the 2019 Vallarta Real Estate Fair puts you in contact with Puerto Vallarta experts in the fields of real estate, interior design, taxation and immigration, health care, vacation, property managers, mortgage brokerage, and more.
For buyers, sellers and residents, the 2019 Real Estate Fair is an invaluable experience to maximize the investment potential of your real estate and enjoying the best of the Puerto Vallarta lifestyle.
Admittance is free, held from 9:00 am to 2:00 pm at the Rivera Molino Plaza, on the corner of Aquiles Serdan and Ignacio L. Vallarta in the Romantic Zone. For more information, visit VallartaRealEstateFair.com.

Vallarta Tribune Real Estate Survey Results

In a recent, very informal survey, the Vallarta Tribune asked buyers of homes throughout Banderas Bay to answer a few questions. The take-away from their responses was for anyone thinking of buying to not only take their time but to understand that the process itself takes time. While aspects of buying real estate in Banderas Bay are similar to purchasing north of the border, there are some marked differences including using a bank trust or Fideiocomiso and use of a notario publico. (See the Ask a Realtor section for more details on these two processes.)
The change in the real estate market in Banderas Bay is palpable. From lamenting the loss of ‘authenticity’ in Old Town on Facebook forums to the hushed conversations of how much their neighbors place really sold for at cocktail parties, everyone is talking about the real estate market.
When asked, “Where did you buy your property?” the responses went from Amapas to La Cruz. 33% of respondents said they bought in Bucerias. This community is increasing. Where before there were limited condo towers and mostly long established family estates, these sizeable oceanfront land parcels have been bought up and are now undergoing rapid development. It’s understandable; it’s the best beach in the bay and a sweet little town. Hopefully, it stays that way.
A close second was Old Town (20%), with its massive influx of new condos at a variety of price points, and proximity to all that Old Town offers including year-round entertainment, restaurants, and shops. From a vacation rental standpoint, Old Town makes considerable sense for investors as much as year-round residents.
When weighing all the options, sometimes choosing to be out of the hustle and bustle is the best option and the Cinco de Diciembre neighborhood is popular for just that reason, plus put yourself on the hillside, and you’ll have endless sunset views. Says one respondent, “We wanted to be relatively close to Centro and the Malecon but to be in a more traditional Mexican neighborhood… Having a view of the bay was important, and five de Diciembre’s elevation provided that.”
To see the full results of the survey, click here.

Coldwell Banker 2018 Real Estate Market Review

Coldwell Banker recently released their take on the 2018 Puerto Vallarta real estate market.
On the South Shore we have seen several high-end water-front properties up to $3M go under contract and the latest Sierra del Mar Los Arcos development ‘Arco Playa’ sell extremely well with only 2 units remaining for June 2019 delivery. At the same time our newly renovated Olas Altas Office has seen most of the 15 new buildings in the Romantic Zone that were started in 2017 completed with most virtually sold out. For the first time in over 20 years there are now 3 separate cranes over three different condominium projects under construction in the Marina.
The Flamingos extension of Nuevo Vallarta has three different waterfront condo projects including the amazing Bellarena project underway and in the process of selling well by all reports. Further North we are seeing continued strong activity out of our Punta Mita Office and our Rincon de Guayabitos Office reports that the La Mandarina Resort featuring a One And Only Resort and the El Capomo Resort just announcing the addition of a Ritz Carlton Reserve Hotel – are both well under-way.
The absorption rate – the time that it would take for the market to ‘absorb’ 100% of the market inventory of condominiums based upon the rate of sale at the end of 2018 – has also fallen from about 32 months to 20 months.
So, where do we go from here? While caution certainly seems to be the order of the day we feel that given the general strength of the world economy and the strong levels of employment that there is basis for optimism going forward – especially when it comes to our area. Stability on the world trade front and a less aggressive stance from the US Federal Reserve would definitely be a plus. The thing that won’t change is the continued desire for people in Canada, the US and other parts of Mexico to locate themselves in a picturesque, secure and thriving community in a warm mild climate right next to the sea! That will not change! You can read the full review at www.cblacosta.com

Lots for sale in Valle de Banderas

Find lots for sale in Valle de Banderas. Check out the details, photos, and contact information of the most comprehensive list of lots for sale in Valle de Banderas.