Los Cabos Residential Real Estate Market

The number of sales for residential real estate has increased in the first four months of 2014. Residential listings under contract have increase by 28%.

 

The total sales volume from January 1 to April 30, 2014 on residential properties (condos & houses) is up by a 12 percent to $73,812,712 US Dollars. The average sales price is up by seven percent to $505,567 US Dollars. The totalnumberof sales is up by a four percent.

 

The condo market is startingdevelopnicelycomparedto 2013. The total sales volume is up a 108 percent to $28,994,900 US Dollars and the average sales price is up by a 40 percent to $349,336 US Dollars.

 

Sales for single-family homes are down by 13 percent to $44,817,812 US Dollars. The average sales price is up by 14 percent to $711,394 US Dollars.

 

 

Although the numbers for single family homes have lost some steam, I believe that we will see an increase in activity and sales in 2014. But as I mentioned above, it will be a slow recovery. Pending sales are up a 28 percent so that makes me believe that we have hit bottom and we will see prices stabilise.

 

The percentage of list to sold price for condos has raised from 90 – 92% and for single family homes from 87 – 90%.

 
Posted on May 12, 2014 at 8:53 am
Martin Posch | Category: Baja Real Estate, Cabo Real Estate, Cabo San Lucas, Cabo San Lucas Realty, Los Cabos Real Estate, Mexico Real Eatate, Windermere Los Cabos | Tagged , , , , , ,

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