Los Cabos Residential Real Estate Market Report

First of all, here are the numbers for the Los Cabos Residential Real Estate Market Report  (only condos and single family homes) November 1, 2016 to April 30, 2017.

Los Cabos Residential Real Estate

The total numbers of sales for all residential properties in all price ranges are up by a 25% to 182 transactions.

The total sales volume is up by a 38% to $112,517,000 US Dollars.

Total numbers of properties under contract are up by 43% to 272 contracts. The average sales price is up a 11% to $618,000 US Dollars.

Now let’s see how the numbers look like for the condo and single family home market:

Condos

From November 1, 2016 to April 30, 2017 the total number of closed transactions for condos is up by a 20% to 101 units. The total sales volume is up by 29% to $39,324,000 US Dollars. The average sales price is up by 7% to $389,000 US Dollars.

Single Family Homes

Closed transactions for single family homes for the same period are up by a 30% to 81 units. The total sales volume is up by 42% to $73,194,000 US Dollars. The average sales price is also up by 9% to $904,000 US Dollars.

Total numbers of closed sales for properties above $1,000,000 US Dollars is up a 75% to 35 closed escrows. The total sales volume is up by 80% to $76,328,000 US Dollars. The average sales price is up by 3% to $2,181,000 US Dollars.

Finally, the market for properties below one Million US Dollars is starting to show conflicting 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 39% to 225 accepted offers. Total units sold is up a 17% to 147 units and the total sales volume is down by 8% to $36,190,000.

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.

Posted on May 11, 2017 at 3:33 pm
Martin Posch | Category: Baja Real Estate, Cabo Real Estate, Cabo San Lucas, Cabo San Lucas Realty, Condos in Cabo, Houses in Cabo, Los Cabos Real Estate, Martin Posch, Mexico Real Eatate, Windermere Los Cabos | Tagged , , , , , , , ,

Los Cabos Residential Real Estate Market Report

Here is the Los Cabos residential real estate market report (only condos and single family homes) from August 1, 2016 to January 31, 2017

The total numbers of sales for all residential properties in all price ranges are up by a 52% to 167 transactions.

The total sales volume is up by a 70% to $122,929,000 US Dollars.

Total numbers of properties under contract are up by 75% to 200 contracts. The average sales price is up a 12% to $736,000 US Dollars.

Great view from Hacienda La Carreta, Punta Ballena, Los Cabos, Mexico

Los Cabos Residential Real Estate Market Report

First of all let’s look at the Los Cabos residential real estate market report for condos and houses:

Condos

From August 1, 2016 to January 31, 2017 the total number of closed transactions for condos is up by a 74% to 94 units. The total sales volume is up by 105% to $31,510,000 US Dollars. The average sales price is up a 18% to $335,000 US Dollars.

Houses

Closed transactions for single family homes for the same period are up by a 30% to 73 units. The total sales volume is up by 60% to $91,420,000 US Dollars. The average sales price is also up by 23% to $1,252,000 US Dollars.

Total numbers of closed sales for properties above $1,000,000 US Dollars is up a 70% to 34 closed escrows. The total sales volume is up by 81% to $86,794,000 US Dollars. The average sales price is up by 7% to $2,553,000 US Dollars.

The market for properties below one Million US Dollars has also improved significantly. The total numbers under contract went up by 70% to 170 accepted offers. Total units sold is up a 49% to 134 units and the total sales volume is up 49% to $36,310,000 US Dollars.

As a result of the sharp increase of sales above a million US Dollars the average sales prices are significantly higher. The median sales price for condos actually decreased a 15% to $184,000 USD. For houses it is a different picture. The median sales price increase a stunning 57% to over $588,000 USD.

If you would like to receive an update on a specific neighbourhood please let me know and I’m more then glad to provide you with the numbers.

Posted on February 4, 2017 at 2:43 pm
Martin Posch | Category: Baja Real Estate, Cabo Real Estate, Cabo San Lucas, Cabo San Lucas Realty, Condos in Cabo, Houses in Cabo, Los Cabos Real Estate, Martin Posch, Mexico Real Eatate, Windermere Los Cabos | Tagged , , , , , , , , ,

Los Cabos Residential Real Estate Market Report

Here are the numbers for the Los Cabos residential real estate market report  (only condos and single family homes) from January 1 until December 31, 2016.

As I mentioned in my introduction, the market has started to recover and even the condo market has surpassed the 2015 numbers. .

The total numbers of sales for all residential properties in all price ranges are up by a 17% to 370 transactions.

The total sales volume is up by a 56% to $239,829,000 US Dollars.

Total numbers of properties under contract are up by 29% to 418 contracts. The average sales price is up a 33% to $648,000 US Dollars.

Now let’s see how the numbers look like for the condo and single family home market:

For 2016 the total number of closed transactions for condos is up by a 29% to 199 units. The total sales volume is up by 48% to $73,369,000 US Dollars. The average sales price is up a 14% to $369,000 US Dollars.

Closed transactions for single family homes are up by a 4% to 171 units. The total sales volume is up by 59% to $166,462,000 US Dollars. The average sales price is also up by 51% to $973,000 US Dollars.

These numbers reflect a steep increase. Total numbers of closed sales for properties above $1,000,000 US Dollars is up a 69% to 59 closed escrows. The total sales volume is up by 111% to $144,725,000 US Dollars. The average sales price is up by 25% to $2,453,000 US Dollars.

The market for properties below one Million US Dollars looks different. The total numbers under contract went up by 21% to 345 accepted offers. Total units sold is up a 10% to 311units and the total sales volume is up 11% to $95,105,000 US Dollars.

If you would like to receive an update on a specific neighbourhood please let me know and I’m more then glad to provide you with a more specific Los Cabos Residential Real Estate Market Report.

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Posted on January 5, 2017 at 10:03 am
Martin Posch | Category: Baja Real Estate, Cabo Real Estate, Cabo San Lucas, Cabo San Lucas Realty, Los Cabos Real Estate, Martin Posch, Mexico Real Eatate, Windermere Los Cabos | Tagged , , , , , , ,

Los Cabos Residential Real Estate Market Report

Here are the numbers for the residential market (only condos and single family homes) from January 1 until August 31, 2016.

As I mentioned in my introduction, the market has started to recover and even the condo market has surpassed the 2015 numbers. .

The total numbers of sales for all residential properties in all price ranges are up by a 4% to 253 transactions.

The total sales volume is up by a 50% to $156,345,000 US Dollars.

Total numbers under contract are up by 15% to 290 contracts. The average sales price is up a 44% to $618,000 US Dollars. The medium sales price is down a 3% to $285,000 US Dollars

Now let’s see how the numbers look like for the condo and single family home market:

For the first eight months of 2016 the total number of closed transactions for condos is up by a 13% to 133 units. The total sales volume is up by 41% to $53,331,000 US Dollars. The average sales price is up a 24% to $401,000 US Dollars. Medium sales price stayed flat at $256,000 US Dollars. The list to sales ratio is at 85%.

Closed transactions for single family homes are down by an 4% to 120 units. The total sales volume is up by 54% to $103,015,000 US Dollars. The average sales price is also up by 62% to $858,000 US Dollars. The medium price is down by 3% to $323,000 US Dollars. The list of sale ratio is up three points to 88%.

These numbers reflect a steep increase. Total numbers of closed sales for properties above $1,000,000 US Dollars is up an 85% to 37 closed escrows. The total sales volume is up by 147% to $88,271,000 US Dollars. The average sales price is up by 33% to $2,386,000 US Dollars.

The market for properties below one Million US Dollars looks quite different. The total numbers under contract went up by 7% to 236 accepted offers. Total units sold is down a 3% to 216 units and the total sales volume is down 1% to $68,075,000 US Dollars.

If you would like to receive an update on a specific neighbourhood please let me know and I’m more then glad to provide you with the numbers.

Posted on September 5, 2016 at 5:14 pm
Martin Posch | Category: Baja Real Estate, Cabo Real Estate, Cabo San Lucas, Cabo San Lucas Realty, Los Cabos Real Estate, Martin Posch, Mexico Real Eatate, Windermere Los Cabos | Tagged , , , , , , ,

Los Cabos Residential Real Estate Market Report

Here are the numbers for the residential market (only condos and single family homes) from January 1 to December 31.

As I mentioned in my introduction, the market has not recovered yet from Hurricane Odile.

The total numbers of sales for all residential properties in all price ranges are down by a 2% to 367 transactions.

The total sales volume is down by 30% to $192,332,000 US Dollars.

Total numbers under contract are down a 19% to 298 contracts. The average sales price is down a 28% to $524,000 US Dollars.

Now let's see how the numbers look like for the condo and single family home market:

For the entire year of 2015 the total number of closed transactions for condos is down by a 15% to 131 units. The total sales volume is down by 24% to $50,918,000 US Dollars. The average sales price is down a 15% to $329,000 US Dollars. The list to sales ratio is down by three points to 88%.

Closed transactions for single family homes are up by 4% to 212 units. The total sales volume is down by 31% to $141,414,000 US Dollars. The average sales price is also down by 34% to $667,000 US Dollars. The list of sale ratio is down two points to 88%.

These numbers reflect a lack of sales for properties above one Million US Dollars. Total numbers of closed sales for properties above $1,000,000 US Dollars is down a 40% to only 47 closed escrows. The total sales volume is down by 49% to $91,581,000 US Dollars. The average sales price is down by 15% to $1,949,000 US Dollars.

The market for properties below one Million US Dollars looks much better. The total numbers under contract went up by 9% to 330 accepted offers. Total units sold is up a 7% to 320 units and the total sales volume is up by 4% to $100,751,000 US Dollars.

If you would like to receive an update on a specific neighbourhood please let me know and I'm more then glad to provide you with the numbers.

Posted on January 11, 2016 at 10:49 am
Martin Posch | Category: Baja Real Estate, Cabo Real Estate, Cabo San Lucas, Cabo San Lucas Realty, Los Cabos Real Estate, Martin Posch, Mexico Real Eatate, Windermere Los Cabos | Tagged , , , , , , ,

Los Cabos Residential Real Estate Market Report

Here are the numbers for the residential market (only condos and single family homes) from January 1 to October 31.

 

The good news is that the numbers of sales (closed transactions) for the first ten months has gone up by 11%. The bad news is that these numbers are only for properties under $1,000,000 US Dollars.

 

The total numbers of sales for all residential properties in all price ranges are down by a 4% to 310 transactions.

 

The total sales volume is down by 39% to $149,816,000 US Dollars.

 

Total numbers under contract are down a 5% to 325 transactions. The average sales price is down a 35% to $483,000 US Dollars.

 

Now let's see how the numbers look like for the condo and single family home market:

 

For the first ten months of 2015 the total number of closed transactions for condos is down by a 15% to 128 units. The total sales volume is down by 34% to $40,389,000 US Dollars. The average sales price is down a 22% to $316,000 US Dollars. The list to sales ratio is down by three points to 88%.

 

Closed transactions for single family homes are up by 6 percent to 182 units. The total sales volume is down by 40% to $109,427,000 US Dollars. The average sales price is also down by 44% to $601,000 US Dollars. The list of sale ratio is down three points to 87%.

 

These numbers reflect a lack of sales for properties above one Million US Dollars. Total numbers of closed sales for properties above $1,000,000 US Dollars is down a 53% to only 32 closed escrows. The total sales volume is down by 60% to 64,876,000 US Dollars. The average sales price is down by 16% to $2,027,000 US Dollars.

 

The market for properties below one Million US Dollars looks much better. The total numbers under contract went up by 7% to 284 accepted offers. Total units sold is up a 9% to 278 units and the total sales volume is up by 4% to $84,940,000 US Dollars.

 

If you would like to receive an update on a specific neighbourhood please let me know and I'm more then glad to provide you with the numbers.

Posted on November 2, 2015 at 6:46 pm
Martin Posch | Category: Baja Real Estate, Cabo Real Estate, Cabo San Lucas, Cabo San Lucas Realty, Los Cabos Real Estate, Martin Posch, Mexico Real Eatate, Windermere Los Cabos | Tagged , , , , , , ,

Los Cabos Residential Market Report

Here are the numbers for the residential market (Only condos and single family homes) from January 1 to September 30.

 

The good news is that the numbers of sales (closed transactions) for the first nine months has gone down by a 9%. The bad news is that these numbers are only for properties under $1,000,000 US Dollars.

 

The total numbers of sales for all residential properties in all price ranges are down by a 6% to 289 transactions.

 

The total sales volume is down by 45% to $131,201,000 US Dollars.

 

Total numbers under contract are down a 7% to 311 transactions. The average sales price is down a 42% to $454,000 US Dollars.

 

Now let's see how the numbers look like for the condo and single family home market:

 

The first nine months of 2015 the total number of closed transactions for condos is down by a 16% to 121 units. The total sales volume is down by 34% to $38,550,000 US Dollars. The average sales price is down a 21% to $319,000 US Dollars. The list to sales ratio is down by three points to 88%.

 

Closed transactions for single family homes are up by three percent to 168 units. The total sales volume is down by 48% to $92,651,000 US Dollars. The average sales price is also down by 50% to $551,000 US Dollars. The list of sale ratio is down three points to 87%.

 

These numbers reflect a lack of sales for properties above one Million US Dollars. Total numbers of closed sales for properties above $1,000,000 US Dollars is down a 61% to only 26 closed escrows. The total sales volume is down by 69% to 50,394,000 US Dollars. The average sales price is down by 20% to $1,938,000 US Dollars.

 

The market for properties below one Million US Dollars looks much better. The total numbers under contract went up by 5% to 271 accepted offers. Total units sold is up a 9% to 263 units and the total sales volume is up by 4% to $80,806,000 US Dollars.

 

If you would like to receive an update on a specific neighbourhood please let me know and I'm more then glad to provide you with the numbers.

Posted on October 1, 2015 at 2:04 pm
Martin Posch | Category: Baja Real Estate, Cabo Real Estate, Cabo San Lucas, Cabo San Lucas Realty, Los Cabos Real Estate, Martin Posch, Mexico Real Eatate, Windermere Los Cabos | Tagged , , , , , , ,

Los Cabos Residential Market Report

The residential real estate market is recovering slowly here in Los Cabos. All the numbers are compared to the first five months of 2014.

 

The good news is that the numbers of sales (closed transactions) for the first five months has gone up a 4% to 167 transactions.

 

The total sales volume is down by 37% to $68.272.000 US Dollars.

 

Total numbers under contract are down a 40% to 129 transactions. The average sales price is down a 39% to $409,000 US Dollars.

 

Now let's see how the numbers look like for condos and single family home market:

 

The first five months of 2015 the total number of closed transactions for condos is down by a 21% to 71 units. The total sales volume is down by 30% to $25,230,000 US Dollars. The average sales price is down a 12% to $355,000 US Dollars. The list to sales ratio is up by one point to 91%.

 

Closed transactions for single family homes is up by 35% to 96 units. The total sales volume is down by 40% to 43,042,000 US Dollars. The average sales price is also down by 55% to $448,000 US Dollars. The list of sale ratio is down three points to 87%.

 

These numbers reflect a lack of sales for properties above one Million US Dollars. Total numbers of closed sales for properties above $1,000,000 US Dollars is down a 52% to only 14 closed escrows. The total sales volume is down by 72% to 19,578,000 US Dollars. The average sales price is down by 42% to $1,398,000 US Dollars.

 

If you would like to receive an update on a specific neighbourhood please let me know and I'm more then glad to provide you with the numbers.

Posted on June 1, 2015 at 2:32 pm
Martin Posch | Category: Baja Real Estate, Cabo Real Estate, Cabo San Lucas, Cabo San Lucas Realty, Los Cabos Real Estate, Martin Posch, Mexico Real Eatate, Windermere Los Cabos | Tagged , , , , , , ,

Reopening Schedule for Los Cabos Hotels

Most of the hotels here in Los Cabos have reopened their doors. Here is a list of hotels that are scheduled to reopen in the future. 

Las Ventanas al Paraiso, a Rosewood Resort will open in a few days on June 4. The Hilton Los Cabos, is set to reopen on July 1 as will the brand-new Cape, a Thompson Hotel. We are very excited to have the Thompson Brand opening their first hotel in Mexico. 

If you are planning to stay in a Hyatt hotel here in Los Cabos. You still need to wait a little bit longer. The Hyatt Place and Hyatt Ziva will reopen on July 15 and August 15, respectively. Cabo Azul Resort and Spa is aiming for a September 30 reopening while Casa Del MarEl GanzoDreams Los Cabos: and ME Cabo will take until October 1. The JW Marriott will open their doors in October in Puerto Los Cabos. The Melia Cabo Real will need a little bit more time–until November 30.

But it will be much longer for the Westin Resort & Spa which is aiming for a March 2016 reopening. 

Still, even after all the hotels reopen, there will more hotel action for Cabo as the Nobu Hotel Los Cabos is expected to open in 2017.

Posted on June 1, 2015 at 2:04 pm
Martin Posch | Category: Baja Real Estate, Cabo Real Estate, Cabo San Lucas, Cabo San Lucas Realty, Los Cabos Real Estate, Martin Posch, Mexico Real Eatate, Windermere Los Cabos | Tagged , , , , , , ,

Los Cabos Residential Market Report

The number of sales (closed transactions) for residential real estate has increased a 7% to 130 transaction in the first four months of 2015. Residential listings under contract decreased a 46% to 96 units.

 

The total sales volume from January 1 to April 30, 2015 on residential properties (condos & houses) is down by a 35 percent to $52,351,000 US Dollars. The average sales price is down by 40 percent to $403,000 US Dollars.

 

The condo market has suffered a little bit more then the single family homes market.The total sales volume is down by 27 percent to $20,034,000 US Dollars and the average sales price is down by 8 percent to $371,000 US Dollars.

 

Total sales for single-family homes are down by 39 percent to $32,316,000 US Dollars. The average sales price is down by 57 percent to $425,000 US Dollars.

 

The percentage of list to sold price for condos are stable at 89 percent and for single family homes decreased by two percentage point to 87%.

 

Specially the higher end market is suffering with most of the luxury high end hotels still under renovation. The lack of the highend buyer is pushing the average sales price down. With the Palmilla One&Only open we should be seeing an increase in the high end sales.

 

If you would like to receive an update on a specific neighbourhood please let me know and I'm more then glad to provide you with the numbers.

Posted on May 26, 2015 at 1:24 pm
Martin Posch | Category: Baja Real Estate, Cabo Real Estate, Cabo San Lucas, Cabo San Lucas Realty, Los Cabos Real Estate, Martin Posch, Mexico Real Eatate, Windermere Los Cabos | Tagged , , , , , , ,