Posts Tagged ‘Real Estate’

November 2010 Market Update

Tuesday, November 16th, 2010

The weather has cooled, many of our friends and neighbors are returning, and we are looking ahead to a great winter season in the Riviera Nayarit, Riviera North Shore and Punta Mita. Despite the fact that the summer is traditionally a very slow time, we are pleased to announce that Riviera Partners Realty has closed four transactions in the past month and we have other offers pending agreement today.

We are optimistic about this coming season, and we’re not the only ones. You may have read in the news lately that an upbeat report from the Mexico Ministry of Tourism is showing a nearly 20% jump in international tourist arrivals via air to Mexico this year. According to the report, from January to August of this year, the number of international tourists arriving in Mexico by air increased by 19.2%, compared with the same period last year, one of Mexico’s worst-ever tourism years, and was up 6% compared with 2008, one of Mexico’s strongest years on record. The U.S. continues to be the main market for travelers to Mexico. In the first eight months of 2010, 4.3 million Americans arrived in Mexico, a 15.7% increase over the same period in 2009 and a 1.9% jump over 2008.
Some 61% of international tourists to Mexico are Americans, the ministry said.

Both the New York Times and Los Angeles Times reported this news, noting the increase is in spite the widespread – and sensationalist – reporting in the media of narco-related violence in Mexico, as well as the August bankruptcy of Mexicana Airlines, which was an important contributor to international air flight lift. Further, the growth in tourism has been primarily experienced in the beach resort areas—such as Puerto Vallarta and the North Shore—which have not experienced the same incidents of violence. Mexico is warmly welcoming the return of tourism after such a challenging year in 2009, and there are still abundant vacation – and real estate – values available, including here in Punta Mita. Make your plans to visit us here in paradise again soon.

Special Buying Opportunities

Tuesday, November 2nd, 2010

Riviera Partners Realty is pleased to feature this limited selection of very special purchase opportunities. In the past 60 days we have experienced a marked increase in interest and offers being extended, although the market is still very much in the hands of the purchaser, and those sellers who understand the current market conditions and are willing to work within its boundaries. As such, we believe the window of opportunity for obtaining undervalued properties or special purchase terms could potentially be beginning to draw to a close.

Among our extensive boutique inventory of select properties, we feel the following offer exceptional values, due to recent price reductions or special terms. We invite you to review the selection of properties below, and should you have an interest, please contact us for additional details.

Additional special opportunities are available in the Punta Mita, Punta de Mita, Los Veneros, nahui and other Costa Banderas communities. For additional details on any of these special opportunities, or to schedule a viewing, contact Riviera Partners Realty, at: sales@rivierapartnersmx.com.

  • El Encanto Flat #101: This single-story 3-bedroom, 4-bathroom condominium residence offers 4,374 square feet of indoor and outdoor living space, together with spectacular golf and partial ocean views, within the El Encanto community. Occupying a coveted setting overlooking the Bay of Banderas and offering a unique view of three fairways from both Jack Nicklaus Signature Golf courses, El Encanto is an extraordinary residential enclave of waterfront and golf view residences. This particular condominium residence is a preferred ground floor location, offering direct golf course to ocean views. Notable details include top grade red cedar hardwood paneled doors, a heated infinity-edge soaking pool on the large terrace, fine marble flooring with “pebble carpet” design in selected areas, and terraces off of every bedroom. The Master Suite features an ample sitting area, walk-in closet, burnt red travertine marble countertops, his & her sinks, and a soaking tub. You’re bound to gather on the large, partially covered terrace that joins the spacious living/dining and kitchen areas with the pool area. The residence is designed to encourage outdoor living. El Encanto Flat #301 has been recently reduced in price to $1,250,000. View it now at: http://www.rivierapartnersmx.com/condos/encanto101.html
  • Porta Fortuna Zen Casita X6: This Zen Casita is an exceptional value, offered at USD$1,450,000, reduced from $1,850,000 USD. It is located in the Punta Mita community of Porta Fortuna, home to the Playa Fortuna Beach Club and Sufi restaurant. Porta Fortuna is near the St. Regis Resort and Club Punta Mita Golf Clubhouse. Views look across Banderas Bay to Puerto Vallarta, and across the Punta Mita peninsula to the Marietas Islands. The stylish, two-story Zen Casita features over 3,800 square feet of indoor and outdoor living space including three bedrooms, 3 ½ baths, and spacious dining and living rooms that open onto a large terrace. The terrace features a private plunge pool, Viking® grill and dramatic golf and ocean views. Other notable features include the large kitchen, Zen patio with a cascading water wall, outdoor shower, marble floors, solid handmade wood doors and closets, tropical wood decks and pergolas, and double glass energy efficient PVC doors and windows with wood finish. The Master Suite and second bedroom (generally accepted as a second Master Bedroom) are located on the upper level, both with direct access to an open sun- or stargazing terrace with a private, handmade Jacuzzi, while a third bedroom is located on the main level. View it now at: http://www.rivierapartnersmx.com/homes/villas/portafortunax6.html
  • Hacienda de Mita #102: This beachfront, ground floor Hacienda de Mita condo #102 has recently had its offering price reduced from $1,795,000 US to $1,695,000 US. As the beachfront units in Hacienda de Mita are among the most popular residences and rental properties in Punta Mita, this surely will not stay on the market long, and represents an exceptional value. Featuring 3BR, 4½ bathrooms plus a “flex” room, this residence offers stunning ocean views from is ample terraces than look directly onto the Hacienda de Mita beachfront. Hacienda de Mita community amenities include an oceanfront Beach Club with pool, plus access as a resident member to Punta Mita amenities. View it now at: http://www.rivierapartnersmx.com/condos/hacienda102.html
  • Four Seasons Private Villa #26: Unique opportunity! Recently restructured to offer a 50% ownership interest in this Four Seasons Private Villa, the offering price of $1,650,000 US will enable shared ownership in Punta Mita’s premier residential community. This legacy home is among the favored residences within Punta Mita, offering a coveted hillside location overlooking the Pacific Ocean and the Bay of Banderas, complemented by renowned Four Seasons service, as well as access to the Four Seasons Resort amenities. Distinguished by a private infinity edge plunge pool, gourmet kitchen, spacious covered terrace and patio areas, and an inviting four-bedroom design, this villa radiates Four Seasons quality and detailing, with over 6.475 of indoor-outdoor living space. A five-minute stroll or short shuttle ride from Four Seasons Resort Punta Mita, Four Seasons Private Villas provides the owner with convenient access to the resort and all its amenities. As a Four Seasons Private Villas owner you’re invited to enjoy hospitality considerations traditionally reserved only for guests of Four Seasons, including the attentive services of Four Seasons staff and access to acclaimed amenities. View it now at: http://www.rivierapartnersmx.com/homes/villas/fourseasonspv26.html.

Feature Property for Sale: New Listing: Las Palmas Villa #2-Villa Amor

Monday, October 11th, 2010

Villa Amor, Las Palmas 2 is one of the four Las Palmas villas situated closest to the sandy beaches and the warm Pacific Ocean, offering spectacular sunset views. With many upgrades and improvements this residence offers Las Palmas Punta Mita living at its very best.

Located at the front/western most point of the Las Palmas Club & Villas community, Villa Amor is one of the four villas with a premier direct ocean view. This home offers a large enclosed garden with additional plants, trees and landscape lighting to enhance the outdoor experience. The enlarged plunge pool and terrace offers substantial outside living areas. Large tile marble floors and an added air-conditioned pantry are just a few of the many upgraded features. The master bedroom is well appointed with an extremely private covered terrace and an enlarged master bathroom with marble floors and walls featuring three inside showers and an outside shower.

This is a unique property within Las Palmas by way of its location, large virtually private garden area, added landscaping/lighting, and the many upgrades throughout. Offered at $1,595,000 USD. View it now at: http://www.rivierapartnersmx.com/homes/villas/laspalmas2-villaamor.html

Development Spotlight: Los Veneros, Costa Banderas

Monday, October 4th, 2010

Riviera Partners Realty is excited to announce our newest Master Plan development listing, Los Veneros. The natural beauty of the Nayarit Riviera inspired the creation of Los Veneros Resort, Residences & Beach Club, a beachfront community that harmoniously combines an exquisite location with the amenities of a pampering resort destination. It is the perfect balance between comfort, style and nature.

The community extends across 37 acres along a stretch of almost 1,500 feet of white sandy beach frontage at renowned Playa Destiladeras, the focal point of Los Veneros. Entry is via gated access, with 24-hour welcome and security staff. Recreational amenities currently include inviting swimming pools, a chic oceanfront Beach Club with bar and grill, fitness, wellness and spa services, and an ocean activities center. Future phases will expand on Los Veneros’ offerings. The built community is low-density and low-impact with residences distinguished by their spectacular ocean views and architectural details in complete harmony with their surroundings.

The distinctive Los Veneros style comes from its spacious, open floor plans that combine functionality with style. Sliding glass doors fully retract to seamlessly integrate interiors with the outdoor living spaces of the large private balconies or terraces. The architecture emphasizes the water views and abundant natural light of Los Veneros, while the interiors feature the sensuous textures and dramatic shapes found in the surrounding natural elements. Each residence also comes with underground access-controlled parking, and owner storage spaces.

Your beach home at Los Veneros also comes complete with acclaimed resort management services provided by LaTour Hotels and Resorts. Concierge, management of the Homeowners Association and an extensive array of residential services for owners are available from this dedicated team with proven results. For those owners who choose to rent their residence during the times they are not personally enjoying it, LaTour offers a professionally managed program designed to maximize income opportunities.

3- and 4-Bedroom Oceanfront residences are available for immediate occupancy, with new pricing starting at just over $585,000 USD. We invite you to contact us to arrange a tour and afternoon at the Los Veneros Beach Club. Discovery Center and Model open daily. 329.291.7085.

Feature Development: Paradise Coves, Costa Banderas

Monday, September 6th, 2010

In the Riviera Partners Realty spotlight this month is a collection of oceanfront and ocean view lots known as Paradise Coves. The developer has just authorized us to offer a 20% discount on select home sites, making this a prime opportunity to acquire oceanfront real estate at an exceptional value. Paradise Coves is an intimate, gated community with a very select number of private home sites. It derives its name from a series of beautiful small private coves that grace the verdant coastline. The beaches fronting this community are virtually vacant, as the natural setting offers very limited access north or south of the coves.

This residential private community is composed of 12 private home sites that vary between 1,500.00 M2 to 2,200 M2 in size. Residential construction is guaranteed to respect the integrity of the community, through adherence to a condominium regime and bylaws, but allows for generous construction sizes with lateral, front and back set backs. This community has enjoyed successful sales and building over the past couple of years. Today, there are only 5 home sites remaining, ranging in price from $618,000 USD to $1.8 million USD. Paradise Coves features a prime location just five minutes east of the Four Seasons and St. Regis Resorts in Punta Mita, and 45 minutes from the Puerto Vallarta International airport. For oceanfront custom home sites, Paradise Coves offers an incomparable value, at this limited opportunity pricing. Contact us today for additional details.

August Market Perspective

Monday, August 23rd, 2010

At Riviera Partners, we are seeing an increase in activity from Mexican buyers – both individuals as well as developers – coming back into the market. They are actively looking to take positions in well-priced real estate, as they sense that this is the bottom of price adjustments in this region. With the Mexico economy strong, we believe Mexican buyers will lead the return to investment in the area, paving the way for their Canadian and U.S. counterparts.

Part of their leading the return to purchases is due to the relative strength of the Mexican economy. Their economy has show consistent signs of positive recovery and an increase in activity in both manufacturing orders and exports, two key contributors to Mexico’s GDP. The Mexican central bank has forecast for the end of the second semester an average growth of between 4.0 to 5.0%, as well as the creation of between 525,000 to 625,000 new private sector jobs by year-end. Notwithstanding some concerns and risks for the economic grow, the consensus of analysts are calling the end of this recession in Mexico. The Mexican Bolsa (stock market index) continues to move in positive territory, having registered consistent gains since September 2009.

Mexico did not experience the same financial meltdown as the U.S., but merely reacted to the problems of its northern neighbor. Mexico’s banks and insurance companies emerged largely unscathed from the global crisis thanks to proactive supervision by regulators and the strict regulations put in place following a severe domestic financial crisis in 1995 that saw many of the country’s banks fail or go into government receivership. To ensure its institutions’ continued strength, the Mexico government recently instituted the Financial Stability Council. It held its first meeting in early August, just two weeks after President Felipe Calderon issued the decree establishing the body, whose main task is to watch for systemic risks in the country’s already heavily regulated financial system.

Today, all major Mexican banks are well capitalized and profitable, although somewhat reluctant to lend even as the economy is forecast to grow between 4% and 5% this year. Bank profits rose 15% year-on-year to 37.28 billion pesos ($2.93 million) in the first half of 2010, after growing 11% to MXN62.06 billion last year.

Mexico boasts the 12th largest economy in the world and, according to the World Bank, and it has the highest Gross National Income per capita in Latin America. Goldman Sachs’ recent study of emerging economies predicted that by 2050 Mexico will hold one of the largest economies in the world, alongside China, United States, India, Japan and Brazil.

In a word, the Mexico market is resilient, with the Mexico economy strong. Although the northern news media is focusing their cameras on violence resulting from the Mexican government’s aggressive war against drug traffickers, there is another story to be told in Mexico. It’s a shame positive news isn’t nearly as attention-getting as sensational news. Which, according to Mexican buyers – is just fine for them. It gives them more time to take advantage of current opportunities before their northern neighbors realize the opportunities present here, and return to the game.