Los Cabos Market Summary for July 2024
Comparing Los Cabos Market Summary for July 2024 compared to July 2023
HOUSES – July 2024
- Average list price $1,950,442
- Median List Price $765,000
- Average sales price $1,110,666
- Average days on market 229
- Total SOLD transaction 49
- Number of total listings 802
HOUSES – July 2023
- Average list price $1,835,875
- Median List Price $740,000
- Average sales price $941,316
- Average days on market 226
- Total SOLD transaction 68
- Number of total listings 612
CONDOS – July 2024
- Average list price $754,020
- Median List Price $459,375
- Average sales price $666,386
- Average days on market 199
- Total SOLD transaction 62
- Number of total listings 1180
CONDOS – July 2023
- Average list price $714,494
- Median List Price $436,499
- Average sales price $725,446
- Average days on market 293
- Total SOLD transaction 82
- Number of total listings 1000
Summary:
- Average List Price: Increased by 6%
- Median List Price: Increased by 4.1%
- Average Sales Price: Increased by 6.6%
- Average Days on Market: Decreased by 17.5%
- Total SOLD Transactions: Decreased by 26%
- Number of Total Listings: Increased by 23%
The overall market in Los Cabos has experienced increases in list and sales prices, indicating a general appreciation in property values. The significant increase in the number of total listings alongside a decrease in total sold transactions suggests a more competitive market with more properties available but fewer being sold. The reduction in the average days on market, particularly for condos, suggests that while fewer properties are being sold, those that do sell are moving faster than in the previous year.
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.
