Explore the Costa Rica Real Estate Market

The Costa Rica real estate scene is experiencing a significant shift. As of February 2025, the market has seen notable changes, presenting new opportunities for homebuyers and investors alike.

With over two decades of coast-to-coast experience, Gap Real Estate simplifies buying, selling, or investing in properties across Costa Rica. Our expert guidance and clear communication ensure seamless transactions.

As we explore the current trends, it’s clear that the market’s growth is driven by various factors, including tourism impact and economic stability. Buyers now have more options, while sellers are adjusting to evolving conditions.

We’ll provide a comprehensive overview of the Costa Rica real estate market, highlighting regional variations and key drivers shaping investment decisions.

The Current State of Costa Rica’s Real Estate Market

As we examine the current state of Costa Rica’s real estate market, we find intriguing trends that warrant closer inspection. The market is showing signs of adjustment, with various factors influencing prices and sales activity.

Market Overview and Key Statistics

The Costa Rica real estate market is characterized by significant price adjustments. Single-family homes saw their median sold price fall to $568,303, a 30.79% decrease compared to February 2024. Despite this drop, sales volume has increased, with 33 homes sold, representing a 43.48% rise from the same period last year.

• Median sold price for single-family homes: $568,303
• Year-over-year change in median sold price: -30.79%
• Number of homes sold: 33
• Year-over-year change in sales volume: +43.48%

Price Trends and Sales Activity in 2025

The average days on market for homes has decreased significantly, with homes selling 40.10% faster than last year. The average days on market dropped from 591 to 354. Additionally, the average price per square foot for sold homes decreased to $182.52, reflecting a 28.75% decrease year-over-year.

Inventory levels are also on the rise, with 1,395 active single-family home listings, up 15.19% from February 2024. This increase in inventory, combined with faster sales, indicates a more competitive and efficient market.

• Average days on market: 354 days
• Year-over-year change in average days on market: -40.10%
• Average price per square foot: $182.52
• Year-over-year change in average price per square foot: -28.75%

Regional Real Estate Market Insights in Costa Rica

Costa Rica’s diverse regions offer a wide range of real estate opportunities, each with its unique characteristics and market trends. The country’s varied landscapes, from beaches to urban centers, cater to different lifestyles and investment goals.

Guanacaste and Nicoya Peninsula: Popular Destinations with Adjusting Prices

Guanacaste and the Nicoya Peninsula remain top choices for expats and investors looking for Costa Rica beachfront properties. The median sold price in this region dropped to $720,000, a 34.15% decrease from $1,093,375 last year. Despite this correction, these areas continue to attract international buyers.

Destinations like Tamarindo, Nosara, Samara, and Playas del Coco maintain their appeal for both vacation homes and rental investment properties. The current market conditions offer opportunities for buyers to find value in these popular coastal destinations.

Central and South Pacific: Growth and Investment Potential

The Central and South Pacific regions, including areas like Jaco, Playa Herradura, Dominical, Uvita, and Manuel Antonio, have seen steady real estate growth. This region is popular among buyers seeking rental income opportunities, driven by its natural beauty and tourism infrastructure.

The steady growth in this area indicates strong investment potential, making it an attractive option for those looking to capitalize on the rental market or secure a vacation home.

Central Valley: Stability in the Urban Market

The Central Valley real estate market, encompassing San José, Escazú, Curridabat, and Atenas, continues to show stable performance. This area remains attractive for long-term residents due to its modern infrastructure, shopping centers, and international schools.

The stability of the Central Valley market is driven by its appeal to professionals and families seeking a balanced lifestyle, with easy access to amenities and services.

Factors Driving the Costa Rica Real Estate Market Research

Understanding the factors driving the Costa Rica real estate market is crucial for investors. We analyze the key elements influencing this dynamic market. The Costa Rica real estate market is experiencing significant growth due to various factors.

Tourism Impact and Rental Investment Opportunities

Costa Rica’s thriving tourism industry has a direct and positive impact on the real estate market. The demand for vacation rentals, particularly in popular destinations like Guanacaste and the Nicoya Peninsula, has increased significantly. This trend creates lucrative opportunities for investors seeking rental income.

Economic Stability and Favorable Mortgage Conditions

The country’s stable and growing economy contributes to the real estate market’s growth. Low interest rates and favorable mortgage conditions make it more affordable for buyers to finance their purchases. This economic stability and accessibility of financing options attract both local and international investors.

Growing Demand for Eco-Friendly and Luxury Properties

There’s a notable trend towards eco-friendly and sustainable properties in Costa Rica, driven by the country’s reputation for environmental conservation. Additionally, the luxury property segment is expanding, with high-end amenities and modern designs attracting affluent buyers. These trends present opportunities for investors in niche markets.

By understanding these factors, investors can make informed decisions in the Costa Rica real estate market. The interplay of tourism, economic stability, and demand for specific types of properties creates a complex and dynamic market landscape.

Investment Opportunities and Market Trends

Costa Rica’s real estate market is experiencing a notable adjustment, with prices decreasing and sales volume increasing, signaling a potential sweet spot for investment. As we delve into the specifics, it becomes clear that various factors are contributing to this trend.

Single-Family Homes: Lower Prices, Faster Sales

The median sold price for single-family homes in Costa Rica dropped to $568,303 in February 2025, marking a 30.79% decrease from the previous year. This significant price adjustment has made the market more accessible to buyers and investors. Despite the lower prices, the sales volume has seen a substantial increase, with 33 homes sold, representing a 43.48% rise from the same period last year.

Properties with Ocean Views and Prime Locations

Properties with exceptional views or prime locations, such as ocean views and central areas close to amenities and beaches, continue to perform exceptionally well. These properties often sell at or above listing prices due to their desirable locations. The demand for such premium properties remains strong, driven by their unique features and the overall appeal of Costa Rica as a destination.

Inventory Growth Offering More Buyer Choices

The inventory of single-family homes has seen a significant increase, with 1,395 active listings, up 15.19% from February 2024. This rise in inventory provides buyers with more options across different property categories, from beachfront homes to mountain retreats and eco-lodges. With more choices available, buyers are better positioned to find properties that match their requirements and budget constraints.

As the Costa Rica real estate market continues to evolve, understanding these trends is crucial for investors and homebuyers looking to capitalize on emerging opportunities.

Navigating the Buying Process with Expert Guidance

As the Costa Rica real estate market continues to evolve, expert guidance is crucial for successful transactions. At Gap Real Estate, we simplify buying, selling, or investing in Costa Rica with our extensive knowledge and experience.

Legal Considerations for Foreign Buyers

Foreign buyers must understand the legal considerations essential for property ownership in Costa Rica. This includes property ownership structures, title verification processes, and regulatory requirements that differ from those in North America. Our expert guidance helps navigate these complexities.

Financing Options and Requirements

Various financing options are available to international buyers, including local bank loans, seller financing, and international mortgage options. We provide detailed information on current interest rates and qualification requirements to help buyers make informed decisions.

Expertise You Can Trust

With over 20 years of coast-to-coast experience, Gap Real Estate offers deep local knowledge, end-to-end support, and results-driven service. Our expertise ensures a seamless transaction process, handling everything from relocation logistics to legal complexities.

Conclusion: Making Informed Decisions in the Costa Rica Real Estate Market

Our comprehensive analysis of Costa Rica’s real estate market reveals a landscape of adjusted prices, increased sales activity, and expanding inventory. The diverse regions of Costa Rica, from the coastal areas to the urban centers, offer unique opportunities for buyers and investors.

Understanding the drivers of the market, including tourism trends, economic stability, and buyer preferences, is crucial for making informed decisions. Working with experienced professionals like Gap Real Estate can simplify the process, ensuring clarity and confidence.

Whether you’re seeking a vacation home, a rental investment, or a permanent residence, Costa Rica remains a top destination. We recommend exploring the various regions and property types to find the best fit for your needs. With our expertise, you can navigate the market with ease and achieve a stress-free experience.