Met with a few local Puerto Vallarta Realtors yesterday for lunch and presented some marketing strategies we are currently undertaking. Afterwards there was time to talk about the Vallarta real estate market and how they see things going. The opening remark to get the discussion going was by one Realtor who said, “Is it me or has there just been a significant up-tick in activity recently?” And that got them going. All agreed that there has been more activity and gave stories to back it up. One had recently just taken a listing and had it sell the same day, for full price! That hasn’t happened in awhile. The price ranges still tend to be the mid to lower end of the market, up to $300,000, but they all agreed that there was more interest and activity in the $400,000 to $650,000 range as well. The million-plus market is still weak, the “discretionary” market; they haven’t seen a strong return here yet. Although they did talk of a few deals/offers currently in the works in this price range, it wasn’t much.
I was having suspicions that the market had been improving as it became nearly impossible to schedule the meeting – they were all just too busy. Two that were supposed to attend just couldn’t make it. All during lunch the blackberrys and iPhones were constantly ringing. It sure made for an upbeat mood for the meeting!