Real Estate Trends 2023 in Los Cabos Mexico

Is it still a Seller's Market? Did the real estate market in Cabo crash like so many people predicted? This video is a peek at the mid-year statistics comparing them with this time last year.

[@grompark]

Appreciate your videos!!!

[@karomancia]

Thanks for the update! We just got our little lot for our retirement home and now researching, planning and waiting for the cost of build to cool off a bit. 🤞 You look stunning in this video, everything works beautifully for you, that dress is a winner!!

[@carltheyoda2155]

Fantastic info!!!

[@douglashill7662]

Thank you for a very direct and informative presentation. Additional insight on Todos Santos would be great.👍

[@athomeincabo]

Thanks so much for reaching out! Todos Santos is really growing quickly! Right now it is a fun artsy town but there is a lot of money going into the development of that entire stretch up the Pacific side and into Todos Santos. If you want to be on dirt roads and away from the hustle bustle, TS is a great place to be!

[@enriquepelaez6908]

Great information! Great video and I love your dress as well

[@tdpotts14]

Thanks for the great information!! Always very interesting!!

[@athomeincabo]

Thank you so much for watching! I appreciate you! Kenda

[@mikerowe221]

Hi Kenda, Thanks for the update! Here in Vancouver BC Canada we are experiencing the same thing. Leveling out for the time being with fewer multiple offers and more listings. It can't go up forever, or can it. Maybe over the long haul. Good Luck

[@athomeincabo]

Thanks so much! It is good to learn about what is going on in Vancouver. Lots of Cabo buyers come from there. Thanks for your comment

[@keng9357]

Excellent market review well done. I had the impression that Canadian / American type MLS market info did not exist? I currently own a 2020 purchased condo in Mazatlan but thinking of relocating to Loreto. Obviously both well outside your normal market but interested if you have any thoughts on market trends in either locale. Thx

[@athomeincabo]

Hi! Thanks for taking the time to reach out. Cabo is a very advanced market compared to the rest of Mexico. Here, we do have an MLS system, but in many parts of Mexico, they do not have it. I think you will like Loreto. It is less touristy than Mazatlan but still nice. You should make a profit on the Mazatlan location because the market there has also increased in value. Most likely you will need to find someone there who can help you understand your Capital Gains liability. That will be a big thing for you to understand. Hugs from Cabo! Kenda

[@joeh1970]

Always look forward to this info. Seems quarterly is too long in between!! Curious questions..You mentioned its getting to be a buyers market. Have you sold any pre-construction below ask? Do the developers negotiate? My conspiracy theory is that when developers hire a Real estate firm to market their projects, its the RE firm that tells the developer to raise prices. Even if the unit/units haven't had any bites at original price. Has me questioning the market sometimes...As always appreciate the info.

[@athomeincabo]

Hi! Thanks so much for watching. I have brought buyers to pre-construction projects on occasion but I have never been the representative for a developer. I have helped a couple of individual builders sell their pre-construction homes however. I do not have a lot of data on pricing for condo developments, however, I will tell you that here, most pre-construction condos start low (at or below market value) and increase prices as the development starts to take off. As you can imagine, the earlier in the pre-construction process that someone buys, the higher the risk, so most developers price accordingly. I am not sure if that answers your specific question or not, but my general opinion is that agents can advise developers about market trends, but they have very little to do with setting the price-point. Thanks so much for reaching out! I really appreciate you! Kenda

[@vbrignol]

Can you please do a video covering which areas have been more affected by water supply delivery. Before someone can invest and purchase a property, it is important to know what has been the local impact and how the local cities are planning to tackle this issues. Thanks

[@athomeincabo]

Yes! That is a great question! I will work on that for you. Thanks so much for watching! Kenda

[@athomeincabo]

I wanted to get back with you about your question. I have not had a chance to research the technical answer but I can tell you that the main areas affected are in Cabo San Lucas and up the Pacific coast. Many large communities are now investing in their own desalination plants and that is helping a bit. Neighborhoods like Ventanas and other ones near and above Costco really struggle. I think that is why the prices there are more reasonable. Are you thinking of a specific neighborhood? I can do some research there if you are.

[@jinahm2299]

Can you tell me about Rolling Hills? Would it be a good investment to buy a lot there and what's going on there? Thanks!

[@athomeincabo]

Hello and I am so sorry for the delay. I have no idea how your question got past me but I just noticed it. In a nutshell, yes, I think Rolling Hills is one of the few places left in Cabo where you can find a gorgeous piece of land with great ocean views for a reasonable price. Buy soon!

[@mixentertainmentvideos4335]

is there someone who want to build his house under $1 milion in Querencia los cabos