The 2014 Cabo San Lucas Housing Report proudly presented by CaboProperties:
The number of sales for residential listings has increased in 2014 by 11%
The total sales volume from January 1 – December 31, 2014 on residential properties (homes and condos) is up 30% to $264,777,000 USD. The average sales price is up 13% to $746,000 USD. The number of sales is also up by 15% to 355 transactions / units sold.
The condo market is starting to develop nicely compared to 2013 with the total sales volume up 49% to $63,595,000 USD and the average sales price is up 20% to $393,000 USD.
- Total Active Listings = 393
- Number of Transactions SOLD = 162
Sales for single family homes are up 24% to $201,182,000 USD with the average purchase price up by 15% to $1,042,000 USD per home.
- Total Active Listings = 516
- Number of Transactions SOLD = 193
Keep reading for 2015 predictions: (click image for downloadable PDF file)
Although activities have slowed down significantly due to hurricane Odile, sales have been picking up and we anticipate a great improvement for 2015. By March, the hotel rooms should be back to almost 100% and most of the flights will be back to their normal schedule. Pending sales are already up by 11% so that makes us believe that we have hit bottom and we will see pricing stabilize and perhaps start to increase!
Side note: the percentage of list to sold price for condos has decreased from 91% to 90% however single family homes have increased from 87% to 90%…
To find your NEW home / condo, begin your SEARCH HERE:
- Homes / Condos start as low as $34,000 – $15,000,000 US Dollars
- Vacant lots ranging from $2,400 – $21,000,000 US Dollars
At CaboProperties, we ONLY work with exceptional brokers that will assure YOU experience a safe, solid and secure “Cabo San Lucas Real Estate” transaction.
Until we meet along the beaches of Cabo…