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) 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:

Condos

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.

Posted on August 15, 2017 at 5:01 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

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 , , , , , , , , ,