First of all, here are the numbers for the Los Cabos Residential Real Estate Market Report (only condos and single family homes) January 1, 2017 to July 31, 2017.
Most noteworthy is that the total numbers of sales for all residential properties in all price ranges are up by a 14% to 264 transactions.
The total sales volume is up by a 13% to $157,906,000 US Dollars.
Total numbers of properties under contract are up by 32% to 350 contracts and the average sales price is down 1% to $598,000 US Dollars.
Now let’s see how the numbers look like for the condo and single family home market:
First of all, from January 1, 2017 to July 31, 2017 the total number of closed transactions for condos is up by a 21% to 149 units. The total sales volume is up by 26% to $64,290,000 US Dollars. The average sales price is also up by 4% to $413,000 US Dollars.
Single Family Homes
Closed transactions for single family homes for the same period are up by a 5% to 115 units. The total sales volume is up by 5% to $93,616,000 US Dollars. The average sales price is also up by +/- 0% to $814,000 US Dollars.
Total numbers of closed sales for properties above $1,000,000 US Dollars is up a 44% to 46 closed escrows. The total sales volume is up by 28% to $97,619,000 US Dollars. The average sales price is down by 11% to $2,122,000 US Dollars.
Finally, the market for properties below one Million US Dollars is starting to show lower sales numbers compared to the same period a year ago. Total number of sales and accepted offer are still up but the total sales volume has started to decrease. The total numbers under contract went up by 34% to 288 accepted offers. Total units sold is up a 9% to 218 units and the total sales volume is down by 5% to $60,286,000. The average sales price is down by 13% to 277,000 US Dollars,
Are you interested in getting a Los Cabos Residential Real Estate Market Report for a specific area? Please feel free to contact me and I’ll be more then glad to provide you a specific report.