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 November 30, 2017.

Esperanza Resort

Auberge Private Residences, Cabo San Lucas, Mexico

(For more info on this condo click here

Most noteworthy is that the total numbers of sales for all residential properties in all price ranges are up by a 19% to 425 transactions.

The total sales volume is up by a 12% to $278,389,000 US Dollars.

Total numbers of properties under contract are up by 25% to 454 contracts and the average sales price is down 6% to $655,000 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 November 30, 2017 the total number of closed transactions for condos is up by a 17% to 230 units. The total sales volume is up by 20% to $102,589,000 US Dollars. The average sales price is also up by 2% to $446,000 US Dollars.

Single Family Homes

Closed transactions for single family homes for the same period are up by a 21% to 195 units. The total sales volume is up by 7% to $175,801,000 US Dollars. The average sales price is down by 11% to $902,000 US Dollars.

Total numbers of closed sales for properties above $1,000,000 US Dollars is up a 27% to 79 closed escrows. The total sales volume is up by 13% to $178,344,000 US Dollars. The average sales price is down by 11% to $2,258,000 US Dollars.

Finally, the market for properties below one Million US Dollars has turned around over summer and is up compared to the same period a year ago. The total numbers of sales, accepted offer and total sales volume are. The total numbers under contract went up by 28% to 379 accepted offers. Total units sold are up an 18% to 346 units and the total sales volume is up by 10% to $100,045,000. The average sales price is down by 7% to 289,000 US Dollars,

Are you interested in gettingĀ 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 December 12, 2017 at 4:51 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, Market Report, Martin Posch, Mexico Real Eatate, Real Estate in Cabo, Windermere Los Cabos | Tagged , , , , , , , , , ,

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