A Market Shift Worth Understanding

 

 

As we move through early 2026, the Puerto Vallarta and Riviera Nayarit condo market is showing a clear shift in behaviour. Transaction volume has slowed, new listings entering the market have dropped sharply, and properties are taking longer to sell. At the same time, prices on closed condo sales remain notably higher than this time last year.

 

This combination points to a more selective market rather than a weaker one. Buyers are still active, but they’re taking more time, comparing options carefully, and focusing on quality and value. Sellers who price strategically and position their properties well continue to see strong results, while others are experiencing longer timelines. In today’s condo market, patience, preparation, and execution matter more than speed.

 

 

 January Market Snapshot

 

What this means: Fewer deals are getting done, but pricing remains firm for well-positioned properties. Buyers are moving more deliberately, and timelines are longer — making strategy and execution more important than speed.

 

 

 For Buyers Watching the Market

One trend worth noting isn’t just price — it’s behavior. With fewer new listings entering the market and transaction volume down sharply year-over-year, buyers are negotiating more carefully and taking longer to commit.

 

That doesn’t necessarily mean dramatic discounts — it means the strongest opportunities are often the properties that were priced correctly from day one but haven’t yet found the right match.

 

In slower cycles like this, preparation and timing matter more than urgency.

 

 

 What Sellers Should Know

 

For condo owners with active listings, today’s market is more selective — not weaker. Transactions are taking longer, and buyers are approaching decisions with more analysis.

 

Pricing discipline matters: Properties aligned with current data are attracting attention. Listings that overshoot the mark are seeing extended timelines before adjustments occur.

 

Strategy over speed: With median days on market up significantly, steady positioning and realistic expectations are more effective than reactive changes.

 

 Plain English: Condos are still selling — but the ones priced correctly are the ones moving.

 

 

Damian Bassett and Gabriela Vazquez 

Your Trusted Brokers at Bonito Beach Properties

 

 

 

 Damian’s Take

 

 

“This isn’t a rush market — it’s a strategy market. Buyers are taking their time, and sellers who price and position correctly are still getting deals done. In markets like this, preparation beats emotion every time.”

 

— Damian Bassett, Co-Broker, Bonito Beach Properties