In this crazy time we are living in when many of us are staying in our homes I have received a lot of requests for an update on how the local Real Estate Market is looking in the Bay of Banderas and outlying areas. As you can imagine, many of the local residents returned back to the US or Canada when the borders were closed for any non-essential travel. Our agents were in the middle of a very healthy real estate season, closing sales and enjoying our fabulous bay until we had to close our offices.
Recently in the last week searches for Puerto Vallarta Real Estate have risen by 82%. This is great news! Personally I believe the market is still going to be healthy and will pick right up again as soon as we can safely get things back together. Our market has some incredibly beautiful and reasonable properties available. New Buyers can enjoy the Peso exchange rate now at 23 pesos to the US Dollar. This means lower mortgage loan payments and closing costs for Buyers, including lower Homeowner Fees for condominium Buyers.
Now might be a great time to consider a Virtual House Hunt using our tools for Searches on our web site. You can search all of the great developments and properties we have online, and also Search the entire Bay of Banderas MLS system from timothyrealestategroup.com. If you see anything that you would like more information on, please let us know and we can either send you a 3D virtual tour or Film any property for you to get a better idea of the property and its details.
Our agents are working from home so if you would like to reach us you can call +52.322.223.5300 or email us at [email protected]
Please be safe and careful. We hope to see all of our friends and clients back in the bay soon.