These numbers represent “Cabo San Lucas Housing Market” for 2017 from January 1 to December 31, 2017 for condos and single family homes!
Facts:
- 400 plus active agents on the MLS in Los Cabos
- Cabo San Lucas has over 317,000 full time residents
- Takes on average 60 days to close escrow but could take as long as two years to sell
Shout Out too:
- The team over at Windermere Los Cabos for providing these numbers
- Gringo Gazette for featuring me and CaboProperties for a second time
- CaboProperties is happy to announce that we now handle Property Management on vacant homes.
Cabo San Lucas Housing Market Video for 2017
The total numbers of sales for all residential properties in all price ranges were up by a 16% to 443 transactions.
The total sales volume was up by a 12% to $293,049,000 US Dollars.
Total numbers of properties under contract was up by 20% to 489 contracts. The average sales price was down 4% to $662,000 US Dollars.
Cabo San Lucas Housing Market for Condos:
The total number of closed transactions for condos were up by 14% to 239 units. The total sales volume was up by 27% to $112,730,000 US Dollars. The average sales price was up from $424,000 to $472,000 US Dollars.
Cabo San Lucas Housing Market for Single Family Homes:
Closed transactions for single family homes for the same period were up by a 17% to 204 units. The total sales volume was up by 3% to $180,319,000 US Dollars. The average sales price was down by 11% to $884,000 US Dollars.
Total numbers of closed sales for properties above $1,000,000 US Dollars were up 27% to 84 closed escrows. The total sales volume was up by 15% to $188,879,000 US Dollars. The average sales price was down 10% to $2,249,000 US Dollars.
The market for properties below one Million US Dollars recovered and showed positive numbers compared to earlier in the year. Total number of sales and accepted offers were up and the total sales volume was up as well. The total numbers under contract went up by 22% to 409 accepted offers. Total units sold were up by 13% to 359 units and the total sales volume was up by 7% to $104,170,000 USD. The average sales price for condos and homes was down by 6% to $290,000 USD.
To view and visit previous Cabo San Lucas Housing Market Reports, please visit:
Cabo San Lucas Housing Market Previous Reports
At CaboProperties, we ONLY work with exceptional brokers that will assure YOU experience a safe, solid and secure “Cabo San Lucas Real Estate” transaction.
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Have immediate needs? Call my US cell phone (949)791-7656
Until we meet along the beaches of Cabo…
