PV Market Report: 2024–2025 Year in Review
- Nik Valcic
- Jan 8
- 4 min read
Updated: Feb 14
Market Momentum: A Banner Year for Banderas Bay
The Puerto Vallarta real estate market has officially shifted from a post-pandemic "boom" into a sustained, high-performance growth phase. According to our latest data, the total market dollar volume of houses and condos surged by over $168 million in just twelve months, ending $2025 with a massive $773.4 million in combined sales.
Combined Market Momentum: The total number of units sold (houses and condos) grew from 1,203 to 1,454. The total dollar volume saw a massive jump of 27.7%, reaching over $773 million in 2025.
Whether you are looking at the skyline of the Hotel Zone or the cobblestone streets of Centro, the numbers confirm one thing: demand for the PV lifestyle is at an all-time high.
By the Numbers: Condos vs. Houses
While condos remain the primary driver of the local market, the housing sector saw a significant jump in activity this year.
Condos: Unit sales grew to 1,133 units, an increase of 19.89%, with the average price increasing by 3.3% to $502,620 and the median price inching up to $395,000.
Houses: The houses market saw a $40% increase in units sold, with total volume jumping from $145.6M to over $203.9M.
While both sectors grew, condos remain the dominant force in the market. House sales volume also saw a significant boost, rising from $145.6M to $203.9M.
Overview
Metric | 2024 | 2025 | Change ($) | Change (%) |
Total Dollar Volume (Condos + Houses) | $605,331,781.73 | $773,359,827.96 | $168,028,046.23 | +27.76% |
Total Unit Sales (Condos + Houses) | 1,203 | 1,454 | 251 | +20.86% |
Condos Dollar Volume | $459,717,586.73 | $569,469,480.52 | $109,751,893.79 | +23.87% |
Condos Unit Sales | 945 | 1,133 | 188 | +19.89% |
Condos Average Price | $486,473.64 | $502,620.90 | $16,147.26 | +3.32% |
Condos Median Price | $384,176.00 | $395,000.00 | $10,824.00 | +2.82% |
Houses Dollar Volume | $145,614,195.00 | $203,890,347.44 | $58,276,152.44 | +40.02% |
Houses Unit Sales | 258 | 321 | 63 | +24.42% |
The Pre-Construction Premium
For those looking at new developments, the "Pre-con Premium" is real. Pre-construction units averaged $4,005 per square meter, roughly 8.8% higher than established resale units. This reflects the high value buyers are placing on modern infrastructure, turnkey amenities, and "first-owner" status in emerging buildings.
The "Pre-construction" category includes units sold during the construction phase (pre-sale), while "Existing" refers to re-sales or completed units.
The data confirms a robust increase in both market segments, with pre-construction sales rising by 23.2% and existing sales rising by 17.2%.
Year | Pre-Construction Condos | Existing Condos | Total Sold |
2024 | 422 | 523 | 945 |
2025 | 520 | 613 | 1,133 |
Data Source | 2024 New Listings | 2025 New Listings | YoY Change (%) |
FlexMLS | 3,066 (Condos) | 3,448 (Condos) | +12% |
Market activity increased in 2025 by approximately 12% in terms of new listings entering the system, representing an unprecedented inventory level for Puerto Vallarta. It is important to note that in traditional primary-home markets—where days on market are relatively low—high inventory typically leads to price erosion and a buyer's market. However, Puerto Vallarta averages over 260 days on market, which is a critical factor in the local market phenomenon: large inventory does not instantly translate into price drops. With over 99% of condo ownership held in cash (no mortgages), sellers can afford to wait and are not pressured to reduce prices if sales take longer.
Regional Powerhouses: Where the Money is Moving
The capital is flowing heavily into the traditional heart of the city and the luxury coastal stretches. Here are the Top 5 Areas by total dollar volume:
Centro South (Zona Romántica): $182.9M — Still the undisputed king of PV real estate.
South Shore: $176.4M — High-end villas and luxury condos continue to drive massive volume.
Nuevo Vallarta West: $163.4M — A favorite for those seeking master-planned resort living.
Bucerias: $133.9M — The "Bucerias Boom" shows no signs of slowing down.
Hotel Zone: $96.1M — Prime beachfront access remains a top priority for investors.
Centro South (Zona Romántica) and the South Shore lead the region in total investment volume, followed closely by Nuevo Vallarta West and Bucerias.
The "Sweet Spot" for Investors
If you are wondering where the most competition is, look no further than the $250,000 to $500,000 price bracket. With nearly 1,000 condos sold in this range alone over the last two years, it remains the most liquid and active segment of the market.
The $250k–$500k bracket is the highest-volume segment for condos, with nearly 1,000 units sold.
Final Outlook: Navigating a High-Inventory Market
As we look toward the remainder of 2026, the Puerto Vallarta market remains undeniably bullish. With the average price per square meter on a steady climb and iconic areas like Centro South and Bucerias maintaining high transaction volumes, the window for entry-level pricing is rapidly closing. For buyers, the message is simple: the floor is rising, and the time to secure your piece of paradise is now.
However, for sellers, the landscape is becoming more complex. While your home equity has likely reached an all-time high, you are competing in a market with a record level of inventory. To stand out in this crowded field, two factors are now more critical than ever:
Precision Pricing: With a massive selection of properties currently available, buyers are more discerning than ever. To capture interest immediately, your property must be priced accurately from day one. Overpricing in a high-inventory market is the fastest way to become "stale" on the listing services.
The Power of Professionalism: A record-breaking market often attracts a wave of inexperienced agents and "pop-up" agencies. In a sea of listings, having an untrained agent is a liability. You need a team that understands sophisticated marketing, deep-data analysis, and expert negotiation to ensure your property gets the visibility it deserves.
Ready to dive deeper? I don't just look at the headlines—I live in the spreadsheets. If you want to see the raw data behind these trends or want to see exactly how your specific property or target neighborhood stacks up, I’m here to help.
For Sellers: Let’s discuss a pricing strategy based on "Market Inventory" to ensure you aren't just listing your home, but selling it.
For Buyers: Let’s find the "sweet spot" in the data to ensure you are getting maximum value per square meter.
At Mexhome, our team is widely recognized as the best in the region. We combine world-class data analysis with deep local roots to serve your needs with transparency and integrity.
Contact me today to schedule your private market consultation and let’s turn these insights into your next success story.
Comments