Real Estate Market Report

BY: NICK FONG

Last year was fantastic for the real estate market in Los Cabos with $360 million dollars of sales volume and 928 units sold. This number refers to houses, condominiums, lots, and other property types like fractionals, commercial, and multi-units. The average list price to sales price was 89 percent, that is to say, an 11 percent average negotiation room.

About the individual property types, starting with condos:

We had $160 million dollars in sales volume and 284 total condos sold with an average sales price of $409,000. The average days on the market was 352 days.  The average list price to sales price was 92 percent.

The sales volume for houses was $161 million dollars, and the number of units sold was 340 with an average sales price of $474,000 per house.  The average days on the market was 359 days. The average list price to sales price was 90 percent.

Lots had a sales volume of 74 million dollars in 2018; 284 units sold, an average sales price of $263,000 per lot, and an average days on market of 528 days. The average list price to sales price was 82 percent.

For more information, you can download the reports here:
http://mls.loscabosagent.com/  Also, I am available to provide a more detailed report about any specific community in Los Cabos. Already 2019 is looking to exceed 2018 numbers.  It is a booming real estate market in Cabo!

Nick Fong is the broker at Los Cabos Agent. He can Be contacted at info@loscabosagent.com. 619.831.2000 (US and WhatsApp) 624.227.5766 (MX) www.loscabosagent.com