Summary:

Houses:

• The housing market in Los Cabos has seen a significant increase in both the average list price (+3.3%) and the average sale price (+108.2%). This dramatic rise in sale price could indicate a shift towards higher-end properties being sold or possibly a low inventory driving up prices.
• The average days on the market decreased by 25.7%, suggesting that homes are selling faster compared to last year.
• Total sales saw a slight decrease, indicating stable demand but perhaps a slightly tighter market.
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Condos:

• The condo market tells a different story. While the average list price increased by 2.3%, the average sale price dropped by 28.2%. This suggests a market correction or a shift in buyer preferences towards more affordable condos.
• The average days on market slightly increased by 3.0%, and total sales saw a significant drop of 32.5%, indicating a slower market with fewer transactions.

Overall, the Los Cabos real estate market in August 2024 shows strong performance in the housing sector with rapid price increases and quicker sales, while the condo market is experiencing a slowdown with reduced prices and fewer transactions.

NOTE: 

ALL pricing in USD and the information pertaining to the above originates from the Internet Data Exchange Program of MLSBCS – although provided information is considered reliable, it is not guaranteed.