Puerto Vallarta REAL ESTATE
The growth of the
Vallarta real estate market continues to be very strong, with sales
tripling for the local real estate association’s MLS (Multiple Listing
Service) and doubling for developers compared to the 2004-2005 season,
reports Mark Venegas of Venegas World Realty.
This type of growth is unprecedented for Puerto Vallarta and it doesn’t
seem to be an end in sight. “If anything, as many realtors and developers
state, there are strong reasons to believe it’s here for a while,”
continues Venegas. “This is just the beginning of something really big. We
haven’t even got going yet,” says Wayne Franklin of Tropicasa Realty and
the president of the Vallarta real estate board.
In 2004 there were an estimated $300 million USD in new construction
sales and nearly $100 million USD in sales for the MLS service. “That total
of $400 million is destined to be surpassed in 2005, with $250 million in
sales already registered by developers and realtors as of the beginning of
June,” adds Venegas. Roughly two-thirds of this new development is
condominiums. Larger projects of 150 or more units are being built around
the bay, with smaller boutique projects scheduled for the South Shore as
space and availability allow.
As experts in Puerto Vallarta Real Estate, Puerto Vallarta homes,
Puerto Vallarta condos, rentals and new developments in the Puerto Vallarta
Mexico real estate market, Venegas World Star Realty specializes in
matching gay Puerto Vallarta luxury home, second home, retirement home or
investment home buyers with select locations.
