by John Youden - February 18, 2020
2019 was a uniquely exceptional year in Punta Mita as it celebrated its 20th anniversary, but also their highest calendar year-to-date real estate sales revenues.
Their gross closed sales volume in 2019 was just over USD$170M, showing a 49% increase over 2018 (USD $114M), and a 79% increase over 2017 (USD $95M).
Americans made up for 60% of total sales, Mexicans for 30% while Canadians made up the difference with 10%.
Punta Mita projects that if the market see "more of the same" from the world and USA economy; if the billions of USD investments recently seen continue to materialize within Riviera Nayarit; if the Four Seasons and St. Regis Resorts continue their exceptional REVPAR results, and since sales numbers show that oversupply is not an issue for them, Punta Mita should continue to be a leader in the luxury real estate development market in the Americas.
Punta Mita announced recently the release of a new community of estate homesites called Las Vistas Estates situated on the hillside behind the main sales office, which offer panoramic views Punta Mita and the surrounding ocean. To learn more about Punta Mita visit realestate.puntamita.com.