Pavones Real Estate News: 2010 Wrap Up

This last year has been the dogs for real estate transactions in the Pavones area.  Nothing sold, nothing closed, real estate brokers shut their doors.  Until now.

Aerial of Pilon

A few sales have already closed in December.  A few more are scheduled to close before the new year.  Prices span from ~$25,000 to ~$1 million.


As a sales strategy, a "price richly, then cut it in half" might be the key to finally moving a prime development property in Cocal Amarillo called "La Onda," which is now offered at $3.2 million after price reductions totaling ~50%.  Other properties that were initially priced above the market have since come back in-line with market conditions, with a couple of properties finding buyers at reduced prices.

December's sales activity does not constitute a rebound.  It could be a sign that the worst has passed.  The coming buying season (January to July) will provide direction.

Disclosure:  Good Morning Pavones is sponsored by Encanto, Costa Rica, a planned real estate development in Cuervito de Pavones.