Current median price of $213k is well below the 2007 peak of $264k. The villa I purchased in 2012 sold for $40k more in 2014 (but I bought at the absolute bottom of the market).
Anything can happen in the short term. However, with "build out" looming there's no reason to think prices couldn't reach 2007 levels in the next 3 years - which would be an increase of 25% (barring an economic disaster).
The best time to buy was yesterday. Second best time to buy is today.
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