September, 2014 Tamarindo Real Estate Market Report
Diverging market forces are at the forefront of this month`s writing. On one hand the lion`s share of listings with below replacement cost asking prices fast dwindling, if they even exist at all. So the message to bottom feeders is that those opportunities may have come and gone because these prices are now rising. And on the other hand there exist many properties, many old, tired and stale listings, whose asking prices are still far too above of where they should be. Many are functionally obsolete with foregone era floor plans, in particular, some expensive condos in Playa Langosta with small, dark, clausterphobic, albeit luxurious living spaces. Yet, to our surprize some of these still sell at high prices; most of these would we never recommend to our clients. At the same time however there are appearing a few listings with excellent floor plans, ample maintenance and whose prices are nudging lower over time. These homes will surely sell at some near point in the future. In short, rising prices on one hand, falling prices on the other, with no man`s land in between with still too many stagnant overpriced properties in limbo. Also to note is the sale of a large, distinct home with heaps of acreage located in the countryside outside of the pueblo. It seems there may be a swing in preferences for this type of property as opposed to the zero lot line density of Tamarindo. Perhaps an indicator of what certain developers predicted years ago with people fleeing to the hills for a more genuine Costa Rican experience? Many tourists seem to prefer these properties for their holidays, enabling owners to command high rental premiums. Only time will tell.
With over 15 years of local real estate and business experience, we have the knowledge to help you choose the appropriate property, business or investment. If you should have questions about buying or selling real estate and or investments in Costa Rica please contact us. Please browse through our website listings keeping in mind these only represent a portion of available properties or other investment opportunities. Our specialty is purchaser representation in real estate transactions, as well as in business and investment consulting. We do not do adventure tours, property management, hotel bookings, airport transfers, wine tasting and or any other business other than real estate as it is our sole and only business. We are focused, dedicated, discrete and deserving of representing your best interests.
Cordially Yours, Sol Real Realty & Investment Consulting-We do it right every time.
Mark Price, CEO
Sol Real Estate & Investment Consulting
Playa Tamarindo, Santa Cruz de Guanacaste, Costa Rica
Phone: (506) 2653-1604 (506) 8918-3592