First Quarter 2014 Vallarta Real Estate Market Report
The first quarter of 2014 has been a busy one for Timothy Real Estate Group and one that has brought many new surprises with it.
The US Buyers are back in the market which is a great sign for the future growth of the area. I recently saw a tourism report showing that visitors to the area in 2013 were 62% Mexican, 20% US, 17% Canadian, and 1% Other. From the US, the highest amount of visitors came from California, Illinois, Texas, Colorado, Washington, Minnesota, Oregon, Wisconsin, Arizona and New York, in that order.
Here is a Year over Year snapshot of our first quarter sales for the entire Bay of Banderas. It will be interesting to look at the first half of the year because we have so many pending sales in the second quarter from first quarter visitors the numbers should be very good.
I heard many times this winter that Puerto Vallarta has seen some very nice changes to the area and that people were pleasantly pleased with their vacation experience. Puerto Vallarta continues to be a beautiful place to visit and even better to call home.
If you are interested in taking advantage of a growing real estate market please contact one of our Timothy Real Estate Group professionals.
One sure sign that the market is doing well is when developers are purchasing property for development and there have been some exciting projects announced this year with the purchase of some very large parcels of land. Bolongo in Punta Mita is the largest that has been formally announced but we have some beautiful new developments popping up all over the bay.
Timothy Real Estate Group is excited to have been chosen by HEVA Group to represent their new project V177 as well as the new V Conchas Chinas development that is oceanfront near Conchas Chinas beach.
We invite you to add your charity or supporting organizations' news stories and coming events to PVAngels so we can share them with the world. Do it now!