Gary Shirk
Gary Shirk
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Ready for 2024? | Puerto Vallarta Real Estate Market Update
In this video we discuss the PV real estate market in late 2023 in preparation for what's in store for 2024.
Recent Market Update:
th-cam.com/video/udkV5Z-yg0Y/w-d-xo.html
Need more information?
⬇️ ⬇️ ⬇️ ⬇️
Email: garyshirkcb@gmail.com
Tel/WhatsApp: +52 322 172 3508
___________________
NOTE: INFORMATION IS RELIABLE BUT NOT GUARANTEED. ALL PRICING IS SUBJECT TO CHANGE
The creator of this content is not a CPA, attorney, insurance agent, or financial advisor and the information in these videos shall not be construed as tax, legal, insurance, construction or financial advice. DO NOT make buying or selling decisions based on this content. Tax laws and immigration/residency policies in Mexico are subject to change and should be discussed with a qualified Mexican accountant. Always work with local experts when considering a foreign property investment. Any use of other media is by fair-use only.
#ZonaRomantica #InvestmentOpportunity #PuertoVallarta #RealEstateInvestment #VacationHome #LivingInParadise #CondosforsaleMexico #InvestInMexico
มุมมอง: 5 190

วีดีโอ

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ความคิดเห็น

  • @paraisoprincipessa
    @paraisoprincipessa 18 วันที่ผ่านมา

    what is HOA Maintenance fee? mines will be yay lower that that but Thank you for your detailed Vid.

  • @veloz7860
    @veloz7860 28 วันที่ผ่านมา

    I really like the look of more colonial architecture, though.. Hmm.

  • @kellyvandesype568
    @kellyvandesype568 หลายเดือนก่อน

    Thank you for video Very informative

  • @lisapelayo4547
    @lisapelayo4547 หลายเดือนก่อน

    Do you own the property out right or is your monthly mortgage note included in your property management fees? Thanks!

    • @GaryShirkPV
      @GaryShirkPV หลายเดือนก่อน

      In this case I own it out right. While mortgages for foreign buyers are available, the costs to borrow and terms aren’t very favorable so most buyers choose not to carry a mortgage

  • @danielgrenier2417
    @danielgrenier2417 2 หลายเดือนก่อน

    Questions: 1-Can you sell your property if you do NOT yet have a deed? 2-How long should a "normal" deed process take on a fractional condo? (i.e. 1-month fraction in Cancun area). 3-What is the cost of getting a deed on, say, a $50K usd fractional condo? Gracias.

  • @Jluck78
    @Jluck78 2 หลายเดือนก่อน

    I was hoping to learn about the financial side of a Canadian relocating to Mexico - nope it’s the cost of tomatoes and how to make friends. Good video nonetheless the less. Thanks

  • @RexPonder-y6b
    @RexPonder-y6b 3 หลายเดือนก่อน

    Cost about the same now. But the new government is very scary now be careful things are changing

  • @RexPonder-y6b
    @RexPonder-y6b 3 หลายเดือนก่อน

    What you need to know. Is Mexico has gotten very expensive. And the government is very scary now. Be careful. Things have changed.

    • @quandingleberry445
      @quandingleberry445 17 วันที่ผ่านมา

      scary? what the heck are you talking about.

  • @RexPonder-y6b
    @RexPonder-y6b 3 หลายเดือนก่อน

    I have a in Mexico now for 10 years. Everything now is about the same after COVID. Check IT out.

  • @LyndsieBarrie
    @LyndsieBarrie 4 หลายเดือนก่อน

    Excellent video. VERY HELPFUL!! Thanks guys!!

  • @robertruocco7333
    @robertruocco7333 5 หลายเดือนก่อน

    Hi Gary…. I’m interested in purchasing in PV…. Contact me if you can help

  • @HELLH0WND
    @HELLH0WND 5 หลายเดือนก่อน

    You lost me at sodomite...

  • @kikim2592
    @kikim2592 5 หลายเดือนก่อน

    Try $ 8.99 for a small bag of organic granny smith’s apples in Hawaii 😢

  • @darleyofficial9217
    @darleyofficial9217 6 หลายเดือนก่อน

    Hey Gary… Canadian here (Hamilton Ontario) looking to move to PV. I saw your video ‘what every Canadian needs to know before moving to Mexico’.I found the love of my life in NV and I’m extra my serious of this move and the next chapter of my life. Your video really inspired me. I was the happiest I’ve ever been in PV. I went for pride and it was life changing. I lived in Toronto for 13 years… I’ve been in Hamilton for 2.5 years. I need a new life… with the love of my life. Help me please?

    • @GaryShirkPV
      @GaryShirkPV 6 หลายเดือนก่อน

      Thanks for watching and thanks for the comment. I can certainly help get you started, reach out anytime!

  • @AquaVivaFit
    @AquaVivaFit 7 หลายเดือนก่อน

    Nice video! As a Canadian, I hear ya!!

  • @sammyfuentes2416
    @sammyfuentes2416 7 หลายเดือนก่อน

    I own a property in bucerias im looking to sell it’s private and able to be a detached home dwelling. If anyone is interested let me know.

  • @ReidLoewen
    @ReidLoewen 7 หลายเดือนก่อน

    21:11 It always amazes me how certain people distort data to their perspective. The PV market has massive months of supply. There will have to be large price reductions to generate sales. I don’t see what purpose it serves to misinform people

  • @johnq1177
    @johnq1177 7 หลายเดือนก่อน

    Have you done an update video for off season?

    • @GaryShirkPV
      @GaryShirkPV 7 หลายเดือนก่อน

      Yes, here is an update: th-cam.com/video/UgrBOXWFQjs/w-d-xo.htmlsi=P5rdCFoTZnCqZ15O

  • @andreahernandez7088
    @andreahernandez7088 8 หลายเดือนก่อน

    Es hermoso puerto Vallarta 😍

  • @martinfelsky1763
    @martinfelsky1763 8 หลายเดือนก่อน

    Your Spanish lessons are paying off - well done!

  • @rosed7989
    @rosed7989 8 หลายเดือนก่อน

    So great info

  • @camerandalili7489
    @camerandalili7489 8 หลายเดือนก่อน

    Moving to PV in the next 4 years, I’ll rent, don’t need the hassle of owning property in Mexico

  • @gonedw7027
    @gonedw7027 8 หลายเดือนก่อน

    Thats crazy!!! To buy a condo for 400k in mexico!! .. i have 2 brand new condos in Playa and didnt pay over 300k in total for both … !!! W 6k condos coming on the market!! Those gonna be stale listings!! .. just unrealistic prices for mexico!!! 👎👎👎

    • @nikvalcic1875
      @nikvalcic1875 7 หลายเดือนก่อน

      I'm not sure what your main point is here. Playa and Tulum have hundreds of new construction projects underway and there is a lot of competition for sure. No doubt that you can find a place there for cheaper. Folks who are buying in PV are doing so mostly for the fact that it is PV. They like the proximity to their home city, the art scene, the theater scene, the ability to drive to mountain towns and villages or a short hop to Guadalajara. Additionally, many folks are very wary of sargassum and hurricanes. The demand is high here and prices follow.

  • @bibibachmd9995
    @bibibachmd9995 9 หลายเดือนก่อน

    PV is great. The problem I have when I stayed at the Grand Venetian and the Icon was the noise from the beach clubs next door. The Grand Venetian was especially terrible. I contemplated leaving and checking into the Marriott. Excellent restaurants especially Trio and Bravas. Conchas Chinas may be quieter. I will check it out. I thought the condo prices were on the high side when I looked in 2021 and 2022.

    • @nikvalcic1875
      @nikvalcic1875 7 หลายเดือนก่อน

      That is unfortunate for those in tower 3 of the Venetian, and those at the Peninsula, the Chicabal club is rare though as it is the only major open air night club on the beach.

  • @pedrotresgallo1630
    @pedrotresgallo1630 9 หลายเดือนก่อน

    Congrats guys, good job!

  • @andrewsnow1933
    @andrewsnow1933 9 หลายเดือนก่อน

    Bread is $5 per loaf in the USA

  • @LIVINGINPUERTOVALLARTAMEXICO
    @LIVINGINPUERTOVALLARTAMEXICO 9 หลายเดือนก่อน

    Good job guys! Very Informative.

  • @withEddieandKaren
    @withEddieandKaren 9 หลายเดือนก่อน

    Puerto Vallarta right now is way overpriced. The median price in 2023 was $336k and in February 2024 the median dropped to $300k. The average sales price in 2023 was $400k snd has dropped in February 2024 to $393k. The other important aspect which I think pinches the pocketbook is the peso which was $16.79 to $1 USD. This makes purchasing power a lot less. Right now, even with interest rates high, the USA is still a better real estate investment. If I was going to purchase anywhere in Mexico I would wait till November or December to see if the peso actually does drop to $17.50 as anticipated by the federal reserve of Mexico. I love my country of Mexico having been born here but l am also realistic of the markets in both beautiful countries, Mexico and the USA. Hasta luego amigos 😊

    • @nikvalcic1875
      @nikvalcic1875 7 หลายเดือนก่อน

      Hola, my name is Nik and I work with Gary. I spend a lot of time analyzing the real estate data, and unfortunately I have to let you know that you are incorrect. As of April 19, the average sold price for condos is $439,042. I analyze the data monthly and it has not gone down since 2021. I'm happy to share these data with you if you like.

  • @Deltron6060
    @Deltron6060 9 หลายเดือนก่อน

    Curious, what was the average condo price in 2022?

    • @GaryShirkPV
      @GaryShirkPV 9 หลายเดือนก่อน

      You can download the latest market update (Q1 2024 at the time of this content) here: www.yourpvrealtors.com/market

  • @hoppeanofasgard1365
    @hoppeanofasgard1365 9 หลายเดือนก่อน

    What about homes owned by Mexicans that live there, wouldn't they sell for cheaper?

    • @GaryShirkPV
      @GaryShirkPV 9 หลายเดือนก่อน

      Deeded properties listed in our PV MLS, which is part of Mexico's national real estate association (AMPI), are normally priced by looking at similar comps in their neighborhood - regardless of whether they're owned by Mexican citizens or foreigners. There is a market outside of AMPI, but most brokers here recommend that foreign buyers stay within the MLS

    • @nikvalcic1875
      @nikvalcic1875 7 หลายเดือนก่อน

      @@hoppeanofasgard1365 You may in fact be able to find some properties that are not listed on the MLS for less, but likely they would be in areas that you would not want to live in. Let's use the Marina area as an example, and this is an actual example. I was driving through the neighborhood and spotted a for sale by owner so I pulled over and knocked on his door. He was kind enough to let me in and chat with me even though I told him I was an agent. He had his home over priced relative to the other AMPI listed homes on his street (there were several). Getting back to your question (and Gary's answer) homeowners in general, but especially Mexican nationals have a tendency to overprice their properties. The national mentality here is I'll start way high and we can negotiate down. What they do not understand is that when a property is seriously overpriced, you won't have anyone to negotiate with. Buyers agents and buyers in general won't bother looking at properties out of their price range or if they are overpriced. Several other factors why agents stay away from non AMPI sales are: 1)How are you going to find these homes? Craigslist? Facebook? Road signs? Each of those techniques have been around for a long time and do work, but they are a ton of work, and they are very hit and miss. When/if you do find such a property for sale, you will have to dig for information, call ask about the size, number of bedrooms etc etc - all the stuff that you would find in a second by looking at the MLS listing. 2)In order for a property to be listed on the MLS, a variety of legal factors need to be verified, homes that are not on the MLS are immediately suspect. As a buyers' agent, I won't take a client to a property that is not listed on the MLS. If a buyer finds a property that they really want and it's not on the MLS, it's also highly likely that I won't take that job. It's a ton of extra work. If the house is being represented by an agent, then the agent is non-AMPI and I'll have to do all the legal work for him (if he is not AMPI likely he has no clue what he is doing), if the property is for sale by owner, same answer - I'll end up doing all the work. There may be one or two exceptions where getting involved with a non AMPI property is feasible, but it would be rare.

  • @hoppeanofasgard1365
    @hoppeanofasgard1365 9 หลายเดือนก่อน

    You'd think the new properties being sold by builders would be cheaper than what they are because they're not being sold by Americans or Canadians that are in no hurry to sell, and because Mexican home builders can build for super cheap, normally like 10,000 pesos a sq meter or something like that. So that just brings up the question then, why are all these newer properties so expensive in PV?

    • @nikvalcic1875
      @nikvalcic1875 7 หลายเดือนก่อน

      Several years ago you could build for approximately $11,000 pesos, the price for building over the last year or so has been in the $25,000 to $28,000 pesos/m2.

    • @hoppeanofasgard1365
      @hoppeanofasgard1365 7 หลายเดือนก่อน

      @@nikvalcic1875 ah the gringo price has kicked in, well the best way to offset that is to get builders from other area of the state.

    • @nikvalcic1875
      @nikvalcic1875 7 หลายเดือนก่อน

      @@hoppeanofasgard1365 Unfortunately, that is not the case. It has to do with the price of steel , concrete, aluminum, and other commodities. There is also a shortage of workers, so that increases your costs. I am involved with several large development projects so I hear these details direct from the developers.

    • @hoppeanofasgard1365
      @hoppeanofasgard1365 7 หลายเดือนก่อน

      @@nikvalcic1875 So is this a phenomena in only Puerto Vallarta or are these shortages and higher prices effecting all of Mexico? where does Mexico get it's steel and concrete?

    • @nikvalcic1875
      @nikvalcic1875 7 หลายเดือนก่อน

      @@hoppeanofasgard1365 Inflation and supply chain issues are a global phenomenon.

  • @belliott4844
    @belliott4844 9 หลายเดือนก่อน

    What management company do you use please?

    • @GaryShirkPV
      @GaryShirkPV 9 หลายเดือนก่อน

      Lifestyle Property Management in Puerto Vallarta. They manage properties in the Romantic Zone, Hotel Zone and I believe Versalles

  • @withEddieandKaren
    @withEddieandKaren 9 หลายเดือนก่อน

    Hey Gary, Just reviewed your video and the market here in the USA is worse than when your video was made. The federal reserve is not going to be lowering the interests rates anytime soon as inflation is still over 3% snd the hoss ask is 2% or less. The speculation is if the federal reserve does reduce rates two adjustments may occur at the most. In closing you will see more prices drop daily in PV, just check out the daily MLS. This wasn’t occurring six months ago. Your video is misleading and more of a sales presentation plus your not boots on the ground here in the USA so you don’t see the reality of life here today.

    • @nikvalcic1875
      @nikvalcic1875 7 หลายเดือนก่อน

      Hey there, this is Nik and I work with Gary. I do check out the MLS daily and download buckets of raw data from them weekly. As of April 19 prices are up 8% vs the same period last year (Jan 01 - April 19) average prices are up 10%. Sales are down, as is normal in a US election year, but prices remain. With Mexican consulates in the USA and Canada jammed with folks looking for their residency and with the continued retirement of the boomers and early retirement of the X'rs, I don't anticipate much slowdown over the next few years.

  • @HandsomeGuy24
    @HandsomeGuy24 9 หลายเดือนก่อน

    That town looks amazing

  • @nimacastro7664
    @nimacastro7664 10 หลายเดือนก่อน

    Another very professional and realistic video. Thank you 👍

  • @nimacastro7664
    @nimacastro7664 10 หลายเดือนก่อน

    Very well done and explained. Thank you for sharing 😊

  • @KrisHuck
    @KrisHuck 10 หลายเดือนก่อน

    Gary helped me buy an amazing 2 bed condo in Vallarta 3 years ago. Nick is helping me sell my condo now for 5k over asking. if you are looking to buy or sell in Vallarta there is no better or Trusted than these Realators or Caldewell Banker in the area.

  • @AKTesla
    @AKTesla 10 หลายเดือนก่อน

    I understand that the city can barely keep up with the changes, water, electricity and internet, also there's problems with the sewage system backing up. Is there a possibility that these issues could drive down home prices in PV?

  • @spencer_stephenson
    @spencer_stephenson 10 หลายเดือนก่อน

    Pls buy a teleprompter my friend. But good video.

  • @tlalocmixtli3363
    @tlalocmixtli3363 10 หลายเดือนก่อน

    Canadians don’t want Mexicans in Canada. In my trip to Niagara Falls must immigrants accepted and liked by Canadians are Asian then you should go to China or India.

  • @juliomarques6741
    @juliomarques6741 10 หลายเดือนก่อน

    Also, their resentment of everything American and the U.S was tiring. Fawning over Mexico, when that country has FAR more problems than the U.S. White liberals like this like to go to Mexico and pretend it’s utopia because of their own distaste for the United States. Very, very bizarre

  • @juliomarques6741
    @juliomarques6741 10 หลายเดือนก่อน

    This couple is sweet but the city itself doesn’t look that appealing. Much more beautiful beach towns but as this couple said, they’re not big beach people so it makes sense

  • @fathomdetails
    @fathomdetails 10 หลายเดือนก่อน

    All full?

  • @Gonzalez_MX
    @Gonzalez_MX 10 หลายเดือนก่อน

    In Mexico we love Canadians... They will always be welcome here so learn Spanish and the experience will be much better ❤

    • @laurelharris1081
      @laurelharris1081 9 หลายเดือนก่อน

      We love lovely Mexicans in Canada too.

    • @hugoasz
      @hugoasz 6 หลายเดือนก่อน

      I’ve had the pleasure to meet some Canadians in Mérida, you guys are really amazing and easygoing people. You keep a smile even in the most unbearable hot summer days, which is pretty amazing. Not even we can. I recently had the privilege to stay some weeks in British Columbia and it was the experience of my life! I’m definitely visiting it again soon.

  • @tw4943
    @tw4943 11 หลายเดือนก่อน

    Is there going to be a Real Estate Vallarta fair this year?? If so what's the date and location

  • @janinek4209
    @janinek4209 11 หลายเดือนก่อน

    Curious what made you decide to settle in PV versus Merida? My partner and I are looking at Mexico as an option. I’m US citizen and she’s Canadian.

    • @GaryShirkPV
      @GaryShirkPV 11 หลายเดือนก่อน

      We just hadn’t visited Merida, but I do hear it’s a good place to check into

    • @GaryShirkPV
      @GaryShirkPV 11 หลายเดือนก่อน

      I’ll also ask Wade if he had considered there and get back

  • @bradbruce
    @bradbruce 11 หลายเดือนก่อน

    Running numbers on 3 months of the year during the high season is a terrible way at looking at real estate investing. Investors look at 12 months and not 3 months. Show us how it performed over a 12 month period.