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

Puerto Vallarta / Nayarit

FOURTH QUARTER MARKET REPORT

After what has been a banner year of increased sales volume, we see from these stats that we slowed down the end of the year, compared to last year this time.We have gone from 2,278 active listings to 2,100.  We sold 164 units this last quarter compared to 201 in 2016. Sales volume is down 9% to $52,026,998 USD.  Average sales price is up 12% to $317,238 USD over last year’s $284,478 USD.

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2017 vs 2016 Property Sales

REAL ESTATE MARKET REPORT YEAR OVER YEAR COMPARISON

This Sunday I changed my routine and walked through town on the malecon from the Navy Museum to the Hotel Rosita.  This area still has charm.  The plants have grown large enough to be a part of the landscape and for the most part the route is clean of trash. The sculpture gallery is an outstanding attribute for Puerto Vallarta to have for residents as well as visitors. This area around the main plaza and church, has its own identity separate from Zona Romantica, south of the Rio Cuale.

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Putting fair market competition at risk

Individual Real Estate Agents Can Violate Anti-Trust or Anti-Monopoly Laws (Part 2)

The article last week was intended for the public and real estate agents. We hear more frequently about companies violating anti-trust or monopolistic practices.  The company policies impact how the employees and management are trained to meet the goals of the company. But real estate agents themselves, sometimes not knowing, do things which put fair market competition at risk. Let´s go back to unfair business practices and unfair competition.

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Fair Market Competition

How Individual Real Estate Agents Can Violate Anti-Trust Laws in Mexico (Part 1)

Fair Market Competition and Fair Treatment of the Public. When competition works well, consumers are empowered, as well as informed. Consumers can make sense of the information they receive and can take their business elsewhere if they are not happy. Firms strive to win customers on the basis of service, quality, price and innovation. These business principles help generate better outcomes for consumers.

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