Puerto Vallarta and the Banderas Bay in general, is well known for being one of the most desirable retirement paradises. This fact, in conjunction with recent changes in most production systems, increased levels of return of investment (ROI), tourism, technology, infrastructure and real estate development, is helping position Puerto Vallarta and the Banderas Bay real estate market towards one of the most dynamic periods in its history. High demand of properties is reflected in a 4.75% increase in condominium average sales price for the 2nd quarter.