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Everything you need to know about buying and selling real estate in Mexico, Puerto Vallarta, and the Banderas Bay region

Dealing with Culture Shock

Living in Puerto Vallarta, Mexico

If you are living here in Mexico for several months or longer, you will most likely experience at some point a degree of culture shock. Many times, a very simple experience or interchange with a national, can throw you into alienation, confusion, or surprise from encountering unfamiliar surroundings.  This is a normal reaction. You can overcome the feeling by practicing patience and keeping a sense of humor.  You will find that getting enough rest and physically adjusting to the climate goes a long way in your mental attitude in adapting to a different culture and your ability to cope.

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Slow and Steady is the Way Forward

Puerto Vallarta Real Estate

We are in a stand-still now, waiting to end the lock-down until the virus health issues are resolved or stabilized. The Mexican federal and state governments are enforcing certain restrictions, such as staying at home for all who do not have critical businesses. Mexico is not the only country with the problem, so this is very different from how our market in Mexico was affected during the US Housing crisis of 2008. We had little demand for 5 years, and began to recover when new product was built, which attracted a different demographic from our prior client base. 

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Global Real Estate Changes and

Puerto Vallarta Real Estate Outlook 2020

We are experiencing a change in our lives through-out the globe. Those who have lived through wars or economic upheavals, have been in this situation before. Now we all are dealing with the world condition. For us to survive in the real estate market, we have to endure the current uncertainty and help the recovery.

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1st Quarter Sales & Stats

Real Estate Market Update for Banderas Bay

We ended the first quarter for sales Jan-March 2020 compared to Jan-March 2019 selling condos and homes for $60,713,767 USD. This is down 32% from 2019 same time. The average sale price was $312,958 USD, down 5% from 2019. Total units sold were 194, down 29% from 2019. April will be a slow month, but for the first 6 days of April 2020, compared to same time 2019, we closed 7 transactions for a total of $2,010,534 USD down 59% from 2019.

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