San Juan-Carolina, PR

There is no doubt that the real estate market in the San Juan-Carolina, PR CSA has been on a roller coaster ride over the past few years. The good news is that it appears to be stabilizing and there are some definite trends emerging that offer both buyers and sellers opportunities.

For sellers, now is a good time to list your property. Prices have come down from their peak a few years ago and there is more activity in the market than there has been in some time. In addition, many buyers are looking for properties that need work as they are eager to take advantage of low prices and put their own personal stamp on their home. This presents a great opportunity for sellers who may have been holding off on listing due to concerns about getting top dollar for their home.

For buyers, there are still some great deals to be had out there. However, it is important to be aware of the trends in order to make the best purchase decision possible. One trend that is becoming increasingly evident is the move away from purchasing vacation homes in favor of investment properties or primary residences outside of the CSA area. This is likely due to concerns about Hurricane Maria and its potential impact on future storms as well as worries about the overall stability of the Puerto Rican economy. Another trend that buyers should be aware of is the increasing popularity of short-term rentals such as Airbnb. This could present an opportunity for savvy investors who are willing to put in the work to renovate properties specifically for this purpose.

Overall, the real estate market in the San Juan-Carolina, PR CSA appears to be slowly but surely recovering from the turbulence of recent years. Those who are considering buying or selling should definitely pay attention to current trends so they can make informed decisions about when and how to enter (or exit) this ever-changing market.