Puerto Vallarta Mexico
was once a quiet fishing village, but ever since it served as the
backdrop for John Huston’s 1964 film “The Night of the
Iguana,” starring Ava Gardner and Richard Burton, the sleepy
seaside town has grown to become the blockbuster resort that it is
today. This longstanding popularity only seems to be increasing among
both tourists and retirees, and as a result, Puerto Vallarta's real
estate market is thriving.
Many foreigners looking to retire
in Mexico have chosen this seaside town for its beautiful scenery, its
small size and the relative ease of conducting day-to-day life with
limited Spanish required. Interest among international buyers is so
great that almost all real estate agencies quote prices in dollars.
You have come to Coldwell Banker La Costa Realty to discover where there is truly
exceptional value. We have identified the Top 20 Hot Property Values in Vallarta and we
will share them here, every month.
The Top 20 Hot Properties from
Coldwell Banker La Costa Realty define value, define immediacy and in the end,
defines opportunity!
Q.
What makes a property HOT?
A. A thorough comparative market
analysis compiled and studied by experts, rigorous debate, and a final
consensus consistent with the selection criteria.
Truth and a reality check, plus a
simple answer to a simple question… “Would I live there?”
In all of our recommendations in the
Top 20, the number one hot button …
“This place is going to be me!”
Our best Sales Agents at Coldwell
Banker La Costa Realty have scoured the market searching for the best values in
Vallarta area Real Estate. A great deal of analysis and comparative study was
carried out in order to determine the property that we believe offers the best
bang for your buck.
Our buyers are looking for their
place in the sun, a place defining who they are and it is based upon four
simple points; walking distance, view,
security and pool.
The walking distance must take you to
something…shopping, the beach, golf, dining, nightlife, activities, amenities,
El Centro, Old Town, anything, as long
as you do not have to drive, take a bus or taxi.
If our Top Producers were going to live there, in any of the Top 20 choices, their answer had to be
consistent with the idea of their expert neighborhood knowledge. It is this
expertise that concluded a neighborhood choice location would deliver values
that consistently appreciate.
Our buyer is described as someone
with middle to upper income ranges, 50+ Boomers
and Zoomers (Baby Boomers with Zip are very active individuals born after
1946), primarily a cash buyer, with family of 2 or 3 children in their teens or
early twenties. Our buyer is looking for a good deal right away. The property
had to send a powerful buying signal. Property with upside potential, based
upon due diligence and a comparative market analysis (CMA that tells us what
the market is telling us, this is good value.
Our buyers fall into three distinct
categories, those that are looking at full-time residence in the Vallarta area;
The
Movers, those that are here for the winter; The Snowbirds, and those
looking to generate vacation rental income; The Incomers. Incomers
are defined as those that may visit their property 2 or 3 times a year and stay
2 or 3-weeks each visit. Experience shows us, that once you have a property
with income, the income becomes less important and the visits become more
frequent. All categories of our buyers are cognizant of the resale opportunity
and our experienced buyers see real value 2 or 3-blocks off the beach. Neighborhood
density is another critical factor, as the infrastructure must support the community
location chosen.
From the Desk of Darryl
Bowie GM
Coldwell Banker La Costa Realty Puerto Vallarta Mexico
Why do you think investors interested in Mexican real estate
consider Puerto Vallarta?
Access and amenities, there are 15,000 flights a year to
Vallarta, and from many major hubs in the US and Canada you can fly direct. The
area offers mountain, valley and ocean views and there is always something to
do, one is never bored here. The weather is perfect. The investment climate
stable and the government promote investment in the real estate and tourism
sectors as a priority.
