Coldwell Banker La Costa September Newsletter

Sept. 7, 2010 - PRLog -- Coldwell Banker La Costa Realty
Calle Ancla at the Malecon, Marina Vallarta
Call Toll Free 866-978-8060 / Local phone: 52-322 223-0055
Contact Us


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Nima Bay

The transformation continues! From ‘obra negra’ to ‘obra gris’ to finished product! Located right at the entry to Marina Vallarta, Nima Bay is quickly becoming the iconic landmark of Marina Vallarta. With its contemporary and avant-garde architectural design, Nima Bay is setting the new tone for the Marina Vallarta and surrounding areas as ‘the’ newest sought after address in Vallarta. The residential units themselves are predominantly 2-bedroom configurations with still some 1-bedroom, 3-bedroom and gorgeous Penthouse units available – what is really starting to catch a lot of peoples eye is the high level of quality finishes included! From Bosch Appliances to Ceramic Flooring, everywhere you look says ‘quality’.

Each individual residence has golf-course views and beyond on the North side and dramatic Marina and Town views from the South side. Amenities - State-of-the-art Fitness Center, Private Owners’ Club, expansive Sun Lounge and oversized swimming pools (one lap / one family) all promise the ultimate in relaxed/active life-style living! Pricing is mostly in the mid $300’s to mid $400’s - and well worth a look! nimabay.com

Nima Bay Shops
At the time of writing, we are in the final negotiations on some very exciting additions to the Nima Bay Shops. With Starbucks setting records for the Vallarta area, Benitos doing a landslide business and the Sonora Grill Steakhouse under construction, we are excited to announce that Kaban Jewelry will soon be opening together with a very notable ‘triple A’ high-end Vintner and deli shop. In addition, a chain of the most successful frozen-yogurt shops in Mexico, a Pizzeria, a renowned seafood restaurant and several others. We expect that these additions will only add to the buzz and excitement of Nima Bay and what seems to be a re-focus of activity to Nima Bay as the place to be on the North side of PV!

Los Tules
For over 25 years, Los Tules has been one of the most favorite resort destinations in the entire Puerto Vallarta area. This very low density project features a series of 2 and 3 storey garden-style residential condominium units sprinkled around approximately 25 acres of manicured gardens, palm trees and tennis courts. This prime beachfront property is also strategically located midway between Marina Vallarta and the main town of Puerto Vallarta. Recently, we have been awarded the exclusive listing for the marketing and sales of some 21 individual 2, 3 & 4 bedroom properties in Los Tules from a private investor group who purchased this hand-picked portfolio of prime units when the property was originally built. Priced from the mid $200’s to the high $400’s depending on size and proximity to the beach, we feel that Los Tules represents a very solid value statement especially when positioned against the high-density high-rise towers located just north of it. View it here.

Market Perspective
How many times do we look back in time and say to ourselves, if I had only done such and such then I would have, could have, should have? Well, right now the Puerto Vallarta real estate market is about to become that rear view mirror vision that in a year’s time will be looking like the bargain of the century. (I can say that because I have been living and working in this business for a bit more than a ¼ century myself)! Over the past few years we have experienced a real sorting out of the good, the bad and the truly ugly and right now there are some tremendous opportunities to purchase location, size and quality that we have not ever seen before in this market place.

While it’s pretty certain that we are not going to be seeing the much vaunted V-shaped recovery, there are enough signs out there to say that after we have bounced along a bit the economy will start the reversal process that inevitably always comes from any downturn or recessionary decline. At the same time, once we see that recovery take hold, a lot of the people that have been sitting on the sidelines are going to be coming back to our beautiful piece of paradise and start buying. A lot of these same individuals will necessarily be part of the largest demographic population wave in the history of mankind - the Baby Boomers. Fueling this pent-up demand further will be the realization that the economies of living in Puerto Vallarta are even more compelling than ever before given the overall affordability of active life-style and in a friendly semi-tropical climate relative to other competing areas (see AARP below)!

Title Insurance
While it is now almost commonplace for buyers and sellers of property in the area to use Escrow Accounts managed by Title Companies such as Stewart Title or First American Title, it was originally Title Insurance provided by these same title companies that initiated the escrow process. As things become a little fast and loose and title insurance was almost regarded as an inconvenience, the feasibility of title insurance slowly became ‘an added expense’ for the buyer and one more hassle for the real estate agent. Well we think that it’s time to re-evaluate, because the sanctity of title is something we pay dearly for or at least think we are paying dearly for, when really we are relying on a system that is often ponderous and difficult to recover from. Mistakes happen and errors occur and knowing that you have a multi-million dollar company that guarantees – and has a track record of paying up on those guarantees – can save a lot of potentially sleepless nights. Contact us for more information on Title Insurance and its costs and benefits!

What's new in Vallarta?
AARP Has just announced that Puerto Vallarta, Mexico is First Place among THE TOP 5 BEST PLACES TO RETIRE ABROAD. Wow! ... Tourist Visas issued when you come into Mexico are now being routinely issued for 180 days…Los Santos had their ‘Closing Party’ in town August 28th in anticipation of the opening of their ‘new and improved’ version currently under construction in the Peninsula retail complex…the rain will stop October 15th! (We hope)! The Puerto Vallarta Tourist Trust Fund is currently gearing up its much improved new user-friendly web site – stay tuned.

Nima Bay gives back (again)!
Mark your calendar for Friday, September 10th at 7PM when NIMA BAY together with COLDWELL BANKER La Costa will be having our second monthly Nima Bay Friday’s Cocktail and Cultural Event sponsoring the Orphanage of Refugio Infantil Santa Esperanza (R.I.S.E), a non-profit shelter for babies and children under the age of 14. Refugio-Infantil.org. Please join us for a drink to enjoy some live music and a chance to mingle with your neighbors and help us provide a little assistance to a wonderful organization.

About the writer
Brock Squire, originally from Vancouver, Canada moved to Puerto Vallarta with his lovely wife Bonnie in 1984. Since that time they have raised a family in the community and have been involved in the real estate scene in the area from starting their own firm, becoming the first Coldwell Banker franchisee in Mexico, to directing the sales and marketing efforts at the Punta Mita Resort. Currently our offices are located in the Marina Vallarta area at the ‘end’ of Calle Ancla - which is found directly in front of the Shangri La Condominiums.

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Coldwell Banker La Costa Realty with 24 years of leadership in the marketing & selling of prime Puerto Vallarta area properties, we are constantly striving to deliver beyond our customers expectations - in English and in Spanish!