Tulum Real Estate Market Report – Year-Over-Year Change 2023-2024

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Introduction

Tulum’s real estate market in 2024 has shown significant dynamism and growth, with trends indicating rising prices, diversification of offerings, and increasing interest in luxury properties. This report analyzes the different areas of the city in detail, providing precise data on sales, average prices, and market trends. In addition, strategic advice is offered for investors, broken down by type of property (apartments, villas, and building lots).

1. Analysis of Tulum Zones

1.1 101 Tulum

Description: 101 Tulum is a modern and constantly developing neighborhood, known for its sustainable architecture projects and ecological environment. It offers condominiums and residences with innovative design and eco-friendly services.
Market Data:
- Condominiums:
  - Inventory: 77 units
  - Sold: 36 units
  - Average price: $408,427 USD
  - Average size: 107 m²
- Lots:
  - Inventory: 1 lot
  - Average price: $288,996 USD
Trends:
- 71% increase in inventory compared to 2023.
- 27% increase in the average price of properties sold compared to 2023.
Advice for Investors:
- Condominiums: Ideal for those looking for a modern and sustainable residence. The average price is accessible compared to other areas, with good potential for appreciation.
- Lots: Interesting opportunity for those who want to build a custom property, but the supply is limited.

1.2 Aldea Zama

Description: Aldea Zama is one of the most sought-after neighborhoods in Tulum, with a strategic location between the city center and the beach. It offers a mix of luxury and comfort, with exclusive condominiums and villas.
Market Data:
- Condominiums:
  - Inventory: 483 units
  - Sold: 193 units
  - Average price: $301,293 USD
  - Average size: 92 m²
- Villas:
  - Inventory: 11 units
  - Sold: 1 unit
  - Average price: $495,837 USD
  - Average size: 219 m²
Trends:
- 54% increase in inventory compared to 2023.
- 17% increase in the average price of properties sold compared to 2023.
Advice for Investors:
- Condominiums: Excellent choice for those looking for a property in a central and well-served area. The average price is competitive, with high resale potential.
- Villas: Ideal for those looking for a luxury residence, but the supply is limited.

1.3 Chemuyil

Description: Chemuyil is a quiet residential neighborhood, ideal for families and those seeking a relaxed lifestyle. It offers a mix of traditional houses and new constructions, with easy access to the beach and nature.
Market Data:
- Villas:
  - Inventory: 3 units
  - Sold: 1 unit
  - Average price: $214,681 USD
  - Average size: 113 m²
- Lots:
  - Sold: 11 lots
  - Average price: $91,484 USD
  - Average size: 577 m²
Trends:
- 73% decrease in inventory compared to 2023.
- 37% increase in the average price of properties sold.
Advice for Investors:
- Villas: Excellent choice for those seeking a quiet residence in contact with nature. Prices are affordable, but the supply is limited.
- Lots: Interesting opportunity for those who want to build a custom home, with ample space and close to the beach.

1.4 Holistika

Description: Holistika is a neighborhood focused on wellness and holistic living, with properties designed to offer a serene and regenerating environment. It is ideal for those seeking a healthy lifestyle in harmony with nature.
Market Data:
- Condominiums:
  - Inventory: 142 units
  - Sold: 34 units
  - Average price: $166,666 USD
  - Average size: 48 m²
- Villas:
  - Inventory: 14 units
  - Sold: 6 units
  - Average price: $513,073 USD
  - Average size: 252 m²
- Lots:
  - Inventory: 63 lots
  - Sold: 13 lots
  - Average price: $109,629 USD
  - Average size: 398 m²
Trends:
- 17% increase in inventory compared to 2023.
- 19% increase in the average price of properties sold compared to 2023.
Advice for Investors:
- Condominiums: Ideal for those looking for an affordable property in a quiet and regenerating environment.
- Villas: Excellent choice for those looking for a luxury residence with ample space and wellness services.
- Lots: Interesting opportunity for those who want to build a custom home in an area dedicated to wellness. But the supply is scarce.

1.5 North Tulum

Description: North Tulum is an emerging area that combines the rustic charm of Tulum with modern developments. It is ideal for investors and buyers looking for properties with high appreciation potential.
Market Data:
- Condominiums:
  - Inventory: 4 units
  - Average price: $800,000 USD
  - Average size: 415 m²
- Lots:
  - Inventory: 81 lots
  - Average price: $423,618 USD
Trends:
- 100% increase in inventory compared to 2023.
Advice for Investors:
- Condominiums: Interesting opportunity for those looking for a luxury property in a rapidly developing area.
- Lots: Ideal for those who want to invest in an area with high growth potential.

1.6 Region 15

Description: Region 15 is a rapidly growing area, with a wide range of real estate options, from land to luxury condominiums. It is ideal for those looking for an area with high appreciation potential.
Market Data:
- Condominiums:
  - Inventory: 636 units
  - Sold: 424 units
  - Average price: $220,837 USD
  - Average size: 72 m²
- Villas:
  - Inventory: 45 units
  - Sold: 21 units
  - Average price: $403,908 USD
  - Average size: 229 m²
Trends:
- 45% decrease in inventory compared to 2023.
- 20% increase in the average price of properties sold.
Advice for Investors:
- Condominiums: Excellent choice for those looking for an affordable property in a rapidly growing area.
- Villas: Ideal for those looking for a spacious and modern residence.

1.7 Region 8

Description: Region 8 is one of the most promising areas of Tulum, with growing developments and increasing infrastructure. It is ideal for investors looking for opportunities in an area with high appreciation potential.
Market Data:
- Condominiums:
  - Inventory: 190 units
  - Sold: 231 units
  - Average price: $232,322 USD
  - Average size: 75 m²
- Villas:
  - Inventory: 14 units
  - Sold: 17 units
  - Average price: $383,637 USD
  - Average size: 189 m²
Trends:
- 59% decrease in inventory compared to 2023.
- 9% increase in the average price of properties sold.
Advice for Investors:
- Condominiums: Excellent choice for those looking for a property in a rapidly growing area.
- Villas: Ideal for those looking for a modern and spacious residence.

1.8 Riviera Tulum

Description: Riviera Tulum is an exclusive neighborhood that combines luxury and privacy, with spectacular sea views and access to private beaches. It is ideal for those seeking a life of luxury and tranquility.
Market Data:
- Condominiums:
  - Inventory: 10 units
  - Sold: 6 units
  - Average price: $80,455 USD
  - Average size: 40 m²

52% decrease in inventory compared to 2023.
- 16% increase in the average price of properties sold.
Advice for Investors:
- Condominiums: Ideal for those looking for a luxury property in an exclusive area.

1.9 Selva Zama

Description: Selva Zama is an ecological development that prioritizes sustainability and respect for the environment. It is ideal for those seeking a life in harmony with nature.
Market Data:
- Condominiums:
  - Inventory: 44 units
  - Sold: 23 units
  - Average price: $454,910 USD
  - Average size: 124 m²
- Villas:
  - Inventory: 22 units
  - Sold: 2 units
  - Average price: $758,195 USD
  - Average size: 245 m²
- Lots:
  - Inventory: 51 lots
  - Sold: 2 lots
  - Average price: $510,954 USD
  - Average size: 406 m²
Trends:
- 1% increase in inventory compared to 2023.
- 11% increase in the average price of properties sold.
Advice for Investors:
- Condominiums: Excellent choice for those seeking a sustainable and modern property.
- Villas: Ideal for those looking for a luxury residence in a natural environment.
- Lots: Interesting opportunity for those who want to build a custom home in an ecological area.

1.10 Soliman Bay

Description: Soliman Bay is a beachfront paradise, with exclusive properties and spectacular views. It is ideal for those seeking a luxury residence in a privileged location.
Market Data:
- Condominiums:
  - Inventory: 19 units
  - Sold: 10 units
  - Average price: $1,122,916 USD
  - Average size: 177 m²
Trends:
- 76% increase in inventory compared to 2023.
- 26% increase in the average price of properties sold.
Advice for Investors:
- Condominiums: Ideal for those looking for a luxury property in an exclusive location.

1.11 South Tulum

Description: South Tulum is a rapidly developing area, with modern condominiums and villas. It is ideal for investors and buyers looking for properties in a strategic location.
Market Data:
- Condominiums:
  - Inventory: 12 units
  - Sold: 5 units
  - Average price: $241,288 USD
  - Average size: 92 m²
- Lots:
  - Sold: 84 lots
  - Average price: $53,452 USD
  - Average size: 302 m²
Trends:
- 76% decrease in inventory compared to 2023.
- 26% increase in the average price of properties sold.
Advice for Investors:
- Condominiums: Excellent choice for those looking for a modern property in a rapidly developing area.
- Lots: Ideal for those who want to invest in an area with high appreciation potential.

1.12 Tankah Bay

Description: Tankah Bay is a quiet bay, with beachfront properties and close to cenotes. It is ideal for those seeking a life of luxury and privacy in a spectacular natural environment.
Market Data:
- Condominiums:
  - Inventory: 65 units
  - Sold: 16 units
  - Average price: $814,762 USD
  - Average size: 146 m²
Trends:
- 54% increase in inventory compared to 2023.
- 19% increase in the average price of properties sold.
Advice for Investors:
- Condominiums: Ideal for those looking for a luxury property in an exclusive location.

1.13 Tulum Downtown

Description: Tulum Downtown is the heart of the city, with a vibrant cultural and commercial life. It is ideal for those seeking a property in a central and well-served location.
Market Data:
- Condominiums:
  - Inventory: 357 units
  - Sold: 149 units
  - Average price: $206,117 USD
  - Average size: 71 m²
- Villas:
  - Inventory: 277 units
  - Sold: 437 units
  - Average price: $49,217 USD
  - Average size: 251 m²
Trends:
- 21% decrease in inventory compared to 2023.
- 22% decrease in the average price of properties sold.
Advice for Investors:
- Condominiums: Excellent choice for those looking for a property in a central and well-served location.
- Villas: Ideal for those looking for a spacious residence in a lively area.

1.14 Tulum Jungle

Description: Tulum Jungle is a neighborhood that combines adventure and tranquility, with properties immersed in nature. It is ideal for those seeking an authentic life in contact with nature, away from the hustle and bustle of the city center. The properties are often surrounded by lush vegetation, offering privacy and a relaxing atmosphere.
Market Data:
- Condominiums:
  - Sold: 58 units
  - Average price: $216,246 USD
  - Average size: 179 m²
- Villas:
  - Inventory: 12 units
  - Sold: 5 units
  - Average price: $458,900 USD
  - Average size: 257 m²
- Lots:
  - Sold: 25 lots
  - Average price: $127,020 USD
  - Average size: 1,381 m²
Trends:
- 56% decrease in inventory compared to 2023.
- 73% increase in the average price of properties sold.
- 3050% increase in sales compared to 2023, indicating a strong demand for this area.
Advice for Investors:
- Condominiums: Excellent choice for those looking for a property immersed in nature, with an affordable average price compared to other areas of Tulum. Ideal for those who want to live an authentic and relaxing experience.
- Villas: Ideal for those looking for a spacious and private residence, with a higher average price but justified by the size and exclusive location.
- Lots: Interesting opportunity for those who want to build a custom home in a natural and quiet area. The lots are large and offer a lot of privacy.

1.15 Tulum Veleta

Description: Tulum Veleta is a residential area that offers a mix of modern and traditional developments. With easy access to the main highway and beaches, it is ideal for families and buyers looking for a quiet but well-connected community. It is also popular with expats, digital nomads and travelers.
Market Data:
- Condominiums:
  - Inventory: 86 units
  - Sold: 71 units
  - Average price: $212,573 USD
  - Average size: 69 m²
- Villas:
  - Inventory: 5 units
  - Average price: $421,332 USD
  - Average size: 280 m²
Trends:
- 72% decrease in inventory compared to 2023.
- 14% increase in the average price of properties sold.
- 3% increase in sales compared to 2023.
Advice for Investors:
- Condominiums: Excellent choice for those looking for a property in a well-connected area with a lively community. Prices are affordable and the market is active.
- Villas: Ideal for those looking for a spacious and modern residence, with a higher average price but justified by the size and location.

1.16 Zona Arqueológica

Description: The Zona Arqueológica is famous for its proximity to the Mayan ruins of Tulum, one of the most iconic attractions in the region. It offers unique properties with historical views and privileged access to the culture and history of the area.
Market Data:
- Condominiums:
  - Inventory: 18 units
  - Sold: 32 units
  - Average price: $372,265 USD
  - Average size: 116 m²
- Villas:
  - Inventory: 18 units
  - Average price: $637,961 USD
  - Average size: 303 m²
- Lots:
  - Sold: 3 lots

Average price: $416,561 USD * Average size: 691 m²
Trends:
- 84% decrease in inventory compared to 2023.
- 55% increase in the average price of properties sold.
- 24% increase in the average price of properties sold compared to 2023.
Advice for Investors:
- Condominiums: Ideal for those looking for a property with added historical and cultural value. Prices are higher compared to other areas, but the location is unique.
- Villas: Excellent choice for those looking for a luxury residence with spectacular views and a historical atmosphere.
- Lots: Interesting opportunity for those who want to build a custom home in an iconic and historic area.

2. General Conclusions and Strategic Advice

Market Trends

Price Increase: Average property prices in Tulum are on the rise, especially in areas like Aldea Zama, Soliman Bay, and Tankah Bay. This reflects the growing demand and appreciation of properties in the region.
Diversification of Offerings: Tulum offers a wide range of real estate options, from modern condominiums to luxury villas and building lots. This diversity attracts a wide range of buyers, from young professionals to families and retirees.
Growing Interest in Luxury: Luxury properties in exclusive areas such as Soliman Bay and Tankah Bay are in high demand, with prices reflecting this trend. Demand for these areas is driven by international buyers and investors seeking exclusivity and high-level services.
Active Resale Market: The resale market is particularly active, with many properties sold quickly. This indicates strong interest from investors and confidence in Tulum’s growth potential.

Advice for Investors

Condominiums: Condominiums are a popular choice for those looking for an affordable property, especially in areas like Region 15, Tulum Veleta and 101 Tulum. These areas offer good potential for appreciation and are ideal for those who want to invest in a second home or a property to rent out.
Villas: Villas are ideal for those looking for a luxury residence, especially in areas like Aldea Zama, Selva Zama and Soliman Bay. These properties offer ample space, privacy and exclusive services, but require a higher initial investment.
Lots: Building lots are an interesting choice for those who want to build a custom home. Areas like Chemuyil, Holistika and Tulum Jungle offer large lots at affordable prices, with high growth potential.

Final Considerations

The Tulum real estate market in the second quarter of 2024 is confirmed as one of the most dynamic and promising in the region. With rising prices, a diversification of offerings and growing interest in luxury properties, Tulum represents a unique opportunity for investors and buyers. However, it is essential to carefully evaluate the different areas and market trends to make informed and strategic choices.

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