Goa
The real estate market in Reis Magos is currently defined by a firm price floor for apartments and a surge in the luxury villa segment. While apartment rates have remained largely steady, the villa market has experienced a significant valuation jump, signaling robust demand for premium, spacious properties. Investors are increasingly looking at this location due to its historical stability and the recent upward trend in upscale housing. The micromarket continues to track closely with broader regional trends, ensuring that capital values remain competitive for both short-term buyers and long-term investors.
As of September 2026, the average asking price in Reis Magos stands at ₹17,500 per sq ft. This figure represents a slight depreciation of 0.23% when compared to the June 2026 rate of ₹17,550 per sq ft, indicating a period of marginal price correction in the local residential apartment market.
Property prices in Reis Magos have shown a fluctuating trajectory throughout 2026, moving from ₹17,250 per sq ft in March 2026 to a peak of ₹17,550 per sq ft in June 2026, before settling at ₹17,500 per sq ft as of September 2026. This trend reflects a resilient market that experienced significant growth from late 2025, where the rate was ₹15,350 per sq ft, suggesting strong buyer interest despite the minor recent dip.
Villas in Reis Magos command a significant premium over apartments, with an average price of ₹29,950 per sq ft as of September 2026, which has appreciated by 24.38% compared to previous periods. In contrast, apartments are priced at ₹17,500 per sq ft as of September 2026, having seen a minor depreciation of 0.23% compared to the June 2026 levels. This price gap highlights the distinct market positioning of luxury villa segments versus standard apartment inventory in the locality.
As of September 2026, the average asking price in Reis Magos is ₹17,500 per sq ft, which is notably higher than the broader micromarket rate of ₹12,300 per sq ft. While the local rate saw a minor depreciation of 0.23% from June 2026 to September 2026, the micromarket rate also experienced a depreciation of approximately 4.28% during the same period, falling from ₹12,850 per sq ft to ₹12,300 per sq ft.
Investors looking at Reis Magos should note that while the average asking price reached ₹17,500 per sq ft as of September 2026, the market has demonstrated significant long-term growth, rising from ₹15,350 per sq ft in December 2025 to its current levels. The recent minor depreciation of 0.23% from June 2026 to September 2026 should be viewed as a standard market stabilization rather than a long-term downturn, especially given the substantial appreciation seen in premium property types like villas.
