This is the third edition of our monthly market snapshot, built from the listings our marketplace tracks across public sources in Nueva Esparta (Margarita Island). It reflects asking prices on active listings as of November 1, 2026 — not closed sales, which Venezuela does not publish in any reliable form. Two things dominate this edition: a major expansion of the listing index itself, and the first clear tilt toward price cuts among repriced listings since we began tracking them.
What Changed Since October
The index grew enormously. We tracked 873 active listings on Margarita Island on November 1, up from 517 on October 1 — an increase of 69 percent in one month. Almost none of that is new property coming to market: it is our coverage getting deeper. Since October 1 the pipeline ingested 228 additional Century 21 Venezuela listings, and on October 29 we added a third aggregated source, Propiedash, which contributed 122 listings. When the ruler changes, the measurements move, so treat this month as a partial re-baselining of the series.
Against that backdrop, the median asking price rose to $80,000 from $75,000 in October, about 7 percent. Given that more than a third of the current index was not in last month's index, we read this as a composition effect — the newly ingested listings skew slightly more expensive — rather than evidence that sellers raised prices. The cleaner month-over-month signal points the other way: among listings whose asking price actually changed in the past 30 days, cuts outnumbered increases 17 to 4, with a median change of −9.2 percent. In October, repricing was almost perfectly balanced (24 cuts, 26 increases, median +4.2 percent).
The Headline Numbers
- Active listings tracked on Margarita Island: 873 (October: 517)
- Median asking price: $80,000 (October: $75,000)
- Average asking price: about $272,000 excluding one mis-entered listing — see below (October: about $225,000)
- Listings repriced in the past 30 days: 21, of which 17 were cuts and 4 were increases, with a median change of −9.2 percent
A note on the average: one agent-submitted listing currently carries an asking price of roughly $3.9 billion — an obvious data-entry error. Including it, the "average" asking price would be about $5.0 million, a meaningless number, so we computed this month's average over the 815 remaining listings with a stated price above $1,000 and excluded that record. Even cleaned, the average is dominated by a genuine luxury tail of hotels, large parcels and beachfront villas, and sits at more than three times the median; the median is the number that describes the typical listing.
Asking Prices by Property Type
Houses (265 listings): median asking price $80,000, up from $75,000 in October, with inventory up from 188 listings. Still the island's largest segment.
Land (211 listings): median asking price $58,000, up from $53,500 in October, with inventory up from 139 parcels. Land remains unusually deep for an island market — and remains the segment with the heaviest due-diligence burden for foreign buyers.
Condos and apartments (206 listings): median asking price $80,000, unchanged from October, while inventory more than doubled from 99 listings — the largest expansion of any segment. A flat median across a doubling of inventory is decent evidence that the newly ingested condos resemble the existing stock.
Other (68 listings): median asking price $129,000, down from $135,000 in October, with inventory up from 49. This catch-all covers hotels, buildings, farms and mixed-use properties.
Commercial (66 listings): median asking price $75,000, up from $70,000 in October, with inventory up from 42 listings.
Repricing Activity
Repricing is the one series in this report that is not distorted by the coverage expansion, because it compares each listing against its own earlier price. Over the past 30 days we detected 21 asking-price changes with a valid price on both sides (two further detected changes involved placeholder prices and were excluded). Seventeen were cuts and four were increases, and the median change among repriced listings was −9.2 percent. That is a marked shift from October's balanced picture, and it is the first month in this short series in which sellers who moved their price mostly moved it down. The caveat is sample size: 21 repriced listings out of 873 tracked is a small slice, and one month does not make a trend.
Coverage Note
All island figures above cover Nueva Esparta state only. The network currently tracks 875 active listings in total: the 873 island listings plus two agent-submitted properties in Táchira, which are excluded from every figure above. Until inventory beyond Nueva Esparta reaches meaningful depth, this remains a Margarita Island report. A handful of internal test listings are excluded from all counts.
Methodology and Honest Limits
Figures are computed from active listings aggregated by our platform from public sources — Century 21 Venezuela, VenezuelaRealEstate.net and, new as of October 29, Propiedash — plus a small number of agent-submitted listings, with each listing attributed to its source on its detail page. All figures are asking prices, not sale prices; discounts to close are customary in this market and vary widely. Medians and averages are computed over listings with a stated USD asking price above $1,000 (816 of the 873 island listings, or 815 after excluding the mis-entered record described above), which filters out placeholder and price-on-request listings. Month-over-month comparisons use the figures published in our October 2026 snapshot, computed on October 1 — but this month's 69 percent coverage expansion means the level comparisons (counts, medians, averages) are not like-for-like, while the repricing series is. Three editions in, the honest summary is this: our coverage got much better, the typical asking price on the expanded index is $80,000, and the listings that repriced mostly repriced downward. For the live version of these numbers, see our Market Report page, which recomputes directly from the listing database.