Something is rotten in the state of Jalisco.
And I think it is real estate.
When I decided I was going to retire in Mexico, I subscribed to an internet service that would show me all of the new listings in Barra de Navidad, Villa Obregon, Melaque, and La Manzanilla. I even worked closely with one realtor in Barra de Navidad before she decided Mexico was not for her.
The first year, I received notices almost every day of new listings and new construction. Some were very tempting -- even though almost all of the prices struck me as being far more expensive than I had been led to believe would be the price for small homes in Mexico.
About four months ago, the new listings started to fall off. I would see one or two notices each week. And then they just stopped.
Sunday morning I received a notice that pretty much sums up what has happened to the real estate market on the Mexico Pacific coast. Instead of a new listing, it was a notice that a listing had sold.
I have lived with realtors and builders for most of my life -- including, my mother and brother. But this is the first time I have ever seen realtors use an "it's sold" notice to help prop up what is obviously a dead market.
I am still going to look around when I get to Melaque in May. But the listings appear to have the smell of death about them.
And I think it is real estate.
When I decided I was going to retire in Mexico, I subscribed to an internet service that would show me all of the new listings in Barra de Navidad, Villa Obregon, Melaque, and La Manzanilla. I even worked closely with one realtor in Barra de Navidad before she decided Mexico was not for her.
The first year, I received notices almost every day of new listings and new construction. Some were very tempting -- even though almost all of the prices struck me as being far more expensive than I had been led to believe would be the price for small homes in Mexico.
About four months ago, the new listings started to fall off. I would see one or two notices each week. And then they just stopped.
Sunday morning I received a notice that pretty much sums up what has happened to the real estate market on the Mexico Pacific coast. Instead of a new listing, it was a notice that a listing had sold.
I have lived with realtors and builders for most of my life -- including, my mother and brother. But this is the first time I have ever seen realtors use an "it's sold" notice to help prop up what is obviously a dead market.
I am still going to look around when I get to Melaque in May. But the listings appear to have the smell of death about them.
