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Tamarindo Real Estate Report July, 2024



This green season has been extraordinarily wet, with incessant tropical lows turning our wonderland a lush fluorescent green, especially notable when the sun peeks out every other day or so. The current market has seen a mix of closed sales of high-value, quality properties only, with asking prices dropping daily across all property categories. Meanwhile, new luxury pre-construction offerings are being introduced to the market.


One of our favorites is Tamarindo Air Homes, featuring 26 modern tropical townhome units located in the El Tesoro gated-community near the north end of Tamarindo beach. Another highly desirable development is Mono Luxe Suites, offering 2-3 bedroom condo-hotel units with access to the premier beachfront "Mono Loco Beach Club," reportedly Tamarindo's most luxurious beach club ever. Lastly, there's the Almarea, a nine-story mega tower featuring 2, 3, and 4 bedroom ocean-view suites, situated in the hills behind Tamarindo, sure to capture the interest of residents and investors alike. We will provide detailed reports on these developments in future blogs.


Despite economic and geopolitical uncertainty globally, organic demand remains strong, with eager buyers ready to act once prices stabilize. There's a significant amount of inventory to absorb before the next market turnaround. Our outlook anticipates prices continuing to decline, with potential stabilization when interest rates adjust downward and following the results of the US election. Pura Vida!


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