2023 Q2 Market Report © Coldwell Banker Costa Rica.All rights reserved. Each office is independently owned and operated. Disclaimer:The information presented in this report is for informative purposes only. Coldwell Banker Costa Rica, it’s affiliates, or agents do not make any warranties or representations as to the accuracy or completeness of the data and/or information provided in this report.
According to the latest Coldwell Banker Costa Rica data in the first 6 months of 2023, Costa Rica is demonstrating resilience in residential real estate sales given the declines in other international markets. The increases in inventory in the first quarter of 2023 have not translatedintolowerprices. ResidentialpriceshaveincreasedYOYby15%andtransactions haveonlydecreased2%.
The luxury home market continues to show tremendous strength. New luxury homes listed increased dramatically in 2023 with a 230% increase YTD over 2022, but the additional inventory has not driven down prices. In fact, prices have increased 9% YOY driven by increased transactions (up 38% YOY) with a 7% increase in Q2 vs. Q1 of 2023 showing a trendforcontinuedincreasesinprice.
Income-producing investment properties (e.g. vacation rentals, B & Bs, boutique hotels) continue to be very popular for investors with Costa Rica's tourism sector continuing to flourishcombinedwiththetax-friendlyenvironmentforowningproperty.
Coldwell Banker Costa Rica is your trusted guide to finding the ideal property for your lifestyle and/or investment goals. We utilize advanced custom MLS technology and syndication tools to aggregate real-time market data helping our clients make informed decisions. We encourage you to reach out to one of our affiliates located in 11 locations throughoutCostaRica.
Q2 Review
2023 Summary © Coldwell Banker Costa Rica.All rights reserved. Each office is independently owned and operated.
TRENDS
© Coldwell Banker Costa Rica.All rights reserved. Each office is independently owned and operated.
Q2
2023
Q2 TRENDS
© Coldwell Banker Costa Rica.All rights reserved. Each office is independently owned and operated.
2023
© Coldwell Banker Costa Rica.All rights reserved. Each office is independently owned and operated.
Q2 TRENDS2023
TRENDS
© Coldwell Banker Costa Rica.All rights reserved. Each office is independently owned and operated.
Q2
2023
© Coldwell Banker Costa Rica.All rights reserved. Each office is independently owned and operated.
Q2 TRENDS2023
Transactions NewListings Avg.SoldPrice SingleFamily Residential Lots Luxury Homes Condos Acreage Hotels © Coldwell Banker Costa Rica.All rights reserved. Each office is independently owned and operated. YTD as of June 30, 2023 vs. Same Period in 2022
Average Sold Price per Key
Year-Over-Year Comparison
*-Using
1-UsingAverage Sold Price per Sq Ft
2-UsingAverage Sold Price per Key
Q2
Previous Quarter Comparison
© Coldwell Banker Costa Rica.All rights reserved. Each office is independently owned and operated.
2023 vs. Q1 2023
Single Family Condos ResidentialLots Acreage Hotels Luxury Homes $206 Per Sq. Ft.
+96% NewListings -2% Transactions +9% AverageSoldPrice $251 Per Sq. Ft. $87 Per Sq. Meter $15 Per Sq. Meter $98k Per Key $306 Per Sq. Ft. YTD 2023 vs. YTD 2022 © Coldwell Banker Costa Rica.All rights reserved. Each office is independently owned and operated.
YTD 2023 Sold Price Data
© Coldwell Banker Costa Rica.All rights reserved. Each office is independently owned and operated. Disclaimer:The information presented in this report is for informative purposes only. Coldwell Banker Costa Rica, it’s affiliates, or agents do not make any warranties or representations as to the accuracy or completeness of the data and/or information provided in this report. At Coldwell Banker Costa Rica, we have the right connections, knowledge and resources to ultimately guide you home in Costa Rica. When you’re ready to start the process of purchasing a home or investment property in Costa Rica, please contact us to set up a meeting. Find a Home Connect with us: ColdwellBanker.CR (CR) +506-4104-7055 | (US) 713-292-0144 50 Meters North of Hotel Roca Verde, Dominical, Puntarenas, Costa Rica Sell Your Home
