Mexico real estate Market Information from three Tourist zones:
The Puerto Vallarta real estate market has been through three difficult years and we are  starting to see signs of improvement with increased activity.
There are still exceptional opportunities available to the second home buyer in Puerto Vallarta. We have not seen so many options at such favourable prices since the beginning of 1990.
If you have the available funds and are looking for value then Puerto Vallarta is the place to be investing in.
As for Cabo real estate, the first 6 months of 2012 compare to the first 6 months of 2011 as follows:
- Sales volume is down by 15.12% to $93,782,982 US Dollars
- Number of closed transactions are up by 25.44% to 256
- Average sold price is down by 32.36% to $366,339 US Dollars
- Number of active listings are up by 12.25% to 2996
- Average list price is down by 8,63% to $790,307 US Dollars
From Manzanillo real estate:
Over the past two years, Manzanillo has experienced a more diverse range of client demographics. With the expansion of the port facilities, mining and construction of a large regasification plant that will replace the existing fossil fuel electric generating plant, it has brought in foreign contracting firms, mainly of Asian origin.  This has brought more sales and rental activity from a previously non-existent Asian market. We are also selling to more clients than ever before from Great Britain. It appears, however, the American market has dropped by approximately 50% percent over the past two to three years. The trend for these clients has been more so on sales for higher end properties ($500K and up).  The Canadian client base remains steady but with a slight decrease in volume compared to up to two years ago.  We have experienced approximately a 40% increase in Mexican buyers over the past two years. They are buying during the summer months and are mainly from Guadalajara, Colima, and Mexico City.
Overall, property sale prices per square meter in general have decreased over the past two and a half years, particularly with American owned property.  Some examples include list price at $US1.3M, sold at $US635,000. A house in Las Hadas listed for $US759K sold for $US359K. The going sales price for a two bedroom, two bath condo at a popular condominium complex on the beach sold for $220,000. for the past several years.   Now the trend is $US150,000. While the average sales price of all types of properties with construction per square meter in 2009 was approximately $US1,500. per square meter the average now is approximately $US1,100. per square meter. In the past, a sale on average would be 10 per cent less that the list price. Now, for the past two years, it is 33 per cent less.
Perhaps the trend noted is an indication of correction to inflated market of a few years past.
Mexico Elects A New President and Changes Parties
The Mexican electorate has voted to bring back the Institutional Revolutionary Party (PRI)
after twelve years of government by PAN.
Enrique Pena Nieto PRI’s candidate garnered 39.19% of the popular vote. Lopez Obrador (PRD) was second with 32.40% followed by Josefina Vazquez Mota  of PAN with 26.06. Her party had ruled for two six year periods starting in 2000. Prior to that PRI had ruled Mexico for seventy years.
While the votes have all been counted, it could take another two months before the process is complete and the victory of Pena Nieto is ratified.
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