Real Estate in Cabo Residential Market Report

The first six months are over and it is time to look at the real estate in Cabo. This report only includes single family homes & condos from Cabo San Lucas to San Jose del Cabo. I will compare this years numbers to last year’s for the same period of time.

Real Estate in Cabo has started very slow this year but little by little the numbers have been increasing over the last months and weeks. So, let’s have a look at the numbers:

Condominios (For Condo Search click here)

Total active listings for condos increased by 63% to 639 active listings. New listings also increase by 121% to 317 listings. Units under contract decreased by 5% to 143 contracts. Numbers of units sold decreased also 5% to 110 units. Total sales volume increased by 24% to %57,002,000 US dollars with the average and median sales price up to 32% tp $518,000 US dollars and 15% to $259,500 US dollars respectively. The list to sold ratio is at 92%

Single Family Homes (For Single Family Home Search click here)

Total active listings for single family homes increased by 69% to 543 active listings. New listings as well increased by103% to 256 listings. Homes under contract decreased by17% to 111 accepted offers. Number of units sold decreased by 4% to 96 single family homes and the total sales volume decreased by 30% to $55,473,000 US dollars. Both the average sales price and median sales price decreased by 27% to $578,000 US dollars and median sales price was down only $1,000 US dollars to $315,000 US dollars. The list to sold ratio decreased to 90% from 91% a year earlier.

That brings us to following numbers overall. Total active listings 1,182, which is an increase of 66% with new listings of 573 units that represents an increase of 113%. Total units under contract for the first six months has decreased by 11% to 254 units. Closed units fell by 6% to 206 units and the total sales volume felt by 11% to $112.476,000 US dollars. The average sales price felt to $546,000 US dollars which is a 5% decrease but the median sales price increase by 3% to $275,000 US dollars.

If you would like to receive a report for a specific neighborhood please feel free to contact me at:

martinposch@windermere.com

US toll free (855) 877-2226

Mobile (624) 147-5857

 

 

Posted on July 3, 2018 at 5:04 pm
Martin Posch | Category: Baja Real Estate, Cabo Real Estate, Cabo San Lucas, Cabo San Lucas Realty, Condos in Cabo, Contemporary Homes, 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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