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Dear friends,
Throughout 2022, the Los Cabos property market remained very strong with fast-paced and robust activity happening across our five diverse markets. The desire to invest in homes and quality of life in Mexico´s fastest growing destination persisted with a seriously accelerating demand for luxury listings that outpaced supply. Notable market dynamics from 2022 included existing properties moving quickly, buyers willing to pay top dollar for the right property, an uptick in vacation rentals, and tremendous growth in pre-construction. With such healthy consumer confidence levels and a vibrant property market, no cooldown is expected through 2023.
Year after year, Engel & Völkers Snell Real Estate is recognized as having closed the largest volume of real estate transactions in our market, and 2022 was no different.
Key 2022 highlights:
• NOW POSITIONED AT $3.3B USD IN SALES SINCE INCEPTION
• 206 TRANSACTIONS
• 6% MORE TRANSACTIONS AND PRICES INCREASED BY 25-30% (ENTIRE BCS MARKET)
• 32 LISTINGS SOLD FOR OVER $3M USD
• TOP SALES PRICE NEARLY $17M USD
• 4 EXCLUSIVE DEVELOPMENT PROJECTS SIGNED, NOW TOTALING 7
• SOLD OUT: The Residences at Las Ventanas al Paraíso, A Rosewood Resort
• ON AVERAGE, BUYERS PAID 96% OF THE SELLER’S ASKING PRICE
• WE CELEBRATED OUR 25-YEAR HISTORY AS MARKET LEADERS
We believe that real estate is seen as an anchor of stability, especially in the premium segment, and we are thrilled that so many of you have looked to call Los Cabos home. As we now find ourselves in 2023, I am confident that all the positive signs in our housing market will drive us to exciting new milestones and greater heights.
In the pages to follow, we´ve prepared a comprehensive market brief detailing information based on market performance, median sold price, current inventory, communities, developments, key demographics, notable trends and so much more. Our hope is that this summary will provide you with insight and perspective into longterm property and lifestyle investment in Los Cabos, Mexico. We invite you to experience an extraordinary way of life.
VANESSA FUKUNAGA Owner, President | CEO Engel & Völkers Snell Real Estate Owner, Publisher | CEO Ocean Blue World5 CONSECUTIVE YEARS AS BEST REAL ESTATE AGENCY IN MEXICO, INTERNATIONAL PROPERTY AWARDS
14 YEARS AS THE REGION´S #1 BROKERAGE FOR SALES VOLUME
60+ TOP PRODUCING ADVISORS AND SUPPORT STAFF
ENGEL & VÖLKERS
GLOBAL NETWORK OF 16,614 MEMBERS AND 1,087 SHOPS
Purchasing in Los Cabos, Mexico makes for a truly incredible buying opportunity. Buyers are drawn to Los Cabos for ease of travel, comfortable temperatures, exquisite beaches, recreational activities, the finest in amenities, arts and culture, philanthropy, and value for money representation in terms of second and third home markets. It’s the travel and leisure worlds, media and celebrities, confident investors, and people of high net worth from the USA, Canada, Mexico, Europe, Russia, Asia and Australia who continue to place Los Cabos as their first choice for investment.
**The values below represent Engel & Völkers Snell Real Estate´s 4-year market performance based on number of transactions for single-family homes, condominiums and lots.
Buyers are willing to pay top dollar for the right property. 2022 experienced an uptick in multiple offers on well-priced properties often resulting in over the asking price.
**The values below represent the median sold prices of condominiums and single-family homes over a four-year period in Mexico´s Baja California Sur MLS market.
#WeKnowCabo. Whether you’re looking for single-family homes, condominiums, developer or land opportunities, or commercial offerings, all with breathtaking ocean, golf and mountain views — we´ve got you covered. The constant demand and ever-growing need for homes in the Los Cabos area, means buyers and sellers continue to look for long-term property investments with the prospect of stable returns and a high quality of life. There´s no better moment to get in the game.
**The values below represent all MLS in Mexico´s Baja California Sur market.
596
SINGLE-FAMILY HOMES
Listing inventory value more than $1,142M USD
832 902 57
CONDOMINIUMS
Listing inventory value nearly $629M USD
DEVELOPER OPPORTUNITIES/LAND
Listing inventory value more than $1,161M USD
COMMERCIAL
Listing inventory value more than $39M USD
OPPORTUNITY STARTS HERE
Actively selling in the region´s most soughtafter communities including Palmilla, Querencia, Puerto Los Cabos, Cabo Colorado and Rancho Cerro Colorado, Cabo del Sol, Pedregal, East Cape, Todos Santos, La Ventana in La Paz and many more. Total sales volume represents all MLS sales in Mexico´s Baja California Sur market.
Home to some of the most remarkable homes in the world, this full-scale community provides the highest level of luxury offering single family homes, high-end condominiums and homesites all at different price points.
Total sales volume 2021 - $260M
Total sales volume 2022 - $174M
With awe-inspiring views of the sparkling Sea of Cortez, rugged desert mountains and pristine golf greens from every direction, each home in Querencia offers the assurance of privacy, space and tranquility.
Total sales volume 2021 - $203M
Total sales volume 2022 - $93.9M
This 2,000-acre master-planned community east of San Jose del Cabo enjoys privacy and exclusivity. A setting of nature at its best with desert and coastline vistas, Puerto Los Cabos offers an unprecedented selection of recreational and leisure activities.
Total sales volume 2021 - $93M
Total sales volume 2022 - $129M
Positioned between San Jose del Cabo and Cabo San Lucas, enjoy a myriad of nearby amenity options including world-class golf courses, the best swimmable beaches, luxury retail and a culinary selection like no other.
Total sales volume 2021 - $20.9M
Total sales volume 2022 - $26M
Surrounded by endless opportunities for dining and entertainment, desert and mountain adventures, enjoyment on the greens, and the best snorkeling sites of the exquisite Sea of Cortez, Cabo del Sol is is a treasured community for couples, families and adventure seekers.
Total sales volume 2021 - $27.3M
Total sales volume 2022 - $26M
For generations, Pedregal has provided homeowners with the art of refined living. Reflecting old world Mexican charm, the community is a beacon for outdoor activities and its ideal location is minutes away from the city´s marina, restaurants and shopping areas.
Total sales volume 2021 - $82M
Total sales volume 2022 - $111M
A journey through this idyllic landscape will take you from the kitesurfing and fishing mecca of Los Barriles in the north, to the solar community of Zacatitos in the south. Known principally for its unspoiled nature, life on the East Cape is about peaceful days spent by the sea.
Total sales volume 2021 - $101M
Total sales volume 2022 - $94.6M
A treasured place for the authentic Baja lifestyle experience. The picturesque village of Todos Santos has been drawing travelers, investors, wild-life enthusiasts, artists and beach lovers for decades with its small-town vibe and sense of a peaceful getaway.
Total sales volume 2021 - $39M
Total sales volume 2022 - $50.8M
An under-the-radar hideaway with remarkable surrounding areas, La Ventana in La Paz provides the perfect backdrop to unwind, relax and enjoy a high-quality standard of living connected by both nature and adventure.
Total sales volume 2021 - $26.7M
Total sales volume 2022 - $24M
Established on over 550 acres, Club Campestre is a lowdensity neighborhood surrounded by the beauty of the Baja desert and immaculate green fairways. Boasting ocean, golf, city and desert mountain views, this master planned, tranquil community offers an incredible family lifestyle.
Total sales volume 2021 - $11.26M
Total sales volume 2022 - $30.4M
A contemporary sanctuary nestled on one of Cabo´s most desirable beaches, Chileno Bay offers both adventure and serenity in style. Blurring the line between indoor and outdoor living, create family magic and experience the classic Baja escape.
Total sales volume 2021 - $4.9M
Total sales volume 2022 - $13.2M
Exhibiting its own kind of tranquility, the Pacific side has cooler temperatures, wide open pristine beaches, the best spots for whale watching and less developed land. Including the regions of Pedregal, Todos Santos, Los Cerritos, Migriño, El Pescadero, Solmar and many more, the Pacific is made to be explored.
Total sales volume 2021 - $62.4M
Total sales volume 2022 - $100.3M
*Note: not including Diamante and Todos Santos
Nestled on 2 miles of untouched beachfront, Four Seasons Resort at Costa Palmas fills your days with swimming, snorkeling, sport fishing, golf and desert adventures. A tropical calm on the Sea of Cortez, this location boasts striking residences and villas.
Total sales volume - $1.8B since inception
Maravilla Los Cabos is an energy-conscious community and club located on the Corridor. Part of the Twin Dolphin Master Plan development, this oceanfront neighborhood offers everything from custom homesites to beachfront villas blending in endless opportunities for outdoor adventure.
Total sales volume 2021 - $2.8M
Total sales volume 2022 - $9.5M
Featuring traditional Spanish architecture combined with modern luxury, the luxurious private community of El Dorado is renowned for its world-class amenities, member services and exceptional residences. Familyorientated and laid-back, experience unparalleled living in a one-of-a-kind location.
A paradise of beauty, privacy, luxury and world-class service, Diamante presents a diverse set of amenities with purchasing opportunities that include residences, villas, estates and suites. More than a luxury resort, it´s a way of life at Diamante Cabo San Lucas.
Total sales volume 2021 - $50.6M
Total sales volume 2022 - $80.8M
Exclusively represented by Engel & Völkers Snell Real Estate
2 RESALES NOW SELLING
For 24 years, Las Ventanas al Paraíso has expertly blended the very best of Mexico presenting extraordinary places of residence in company with first-class personalized Rosewood services. For those who expect unmatched luxury with perfection, there simply is no better place to call home than The Residences at Las Ventanas al Paraíso. #OwnYourKeyToParadise.
• 30 Residences now sold out
• Signature, Pool, Penthouse Residences
• 2 RESALES AVAILABLE (Penthouse Residence 6501 and Pool Residence 3101)
• Location: Corridor
View listings at The Residences at Las Ventanas al Paraíso. lasventanas@snellrealestate.com
Each ready-to-move-in luxury private home encompasses custom designed living spaces, private terraces, an infinity plunge pool, stunning architectural features, the very finest of furnishings and picture-perfect ocean, marina and city views. Endless benefits to ownership.
• 7 luxury hillside private homes
• ONLY 2 REMAINING
• Starting at $2.75M
• 3 to 4 bedrooms
• Over 4,300 square feet of luxurious indoor-outdoor Cabo living
• Iconic 24-acre site
• Location: Pedregal
View listings at Waldorf Astoria Residences, Los Cabos Pedregal . waldorf@snellrealestate.com
Located in the heart of the Cabo San Lucas marina, The Paraíso Residences brings urban luxury living to the foreground. Connected to the famed Luxury Avenue Shopping Mall, this vibrant residential community of private residences and vacation properties delivers architectural sophistication and sleek elegance with one-of-a-kind exquisite marina views. Experience Cabo´s hottest address.
• 16 RESIDENCES REMAIN from the initial 58 Bliss Residences Phase I
• Starting at $720,000 USD up to $1,680,000 USD
• 2 - 4 bedrooms
• Location: Cabo San Lucas marina
• By the developers FREL
View listings at The Paraíso Residences. paraiso@snellrealestate.com
The Break at El Arenal introduces 13 remarkable residences each with privileged 220° Sea of Cortez views that overlook the entire bay of San Jose del Cabo. Located on the iconic Costa Azul cliffside, the two- and threebedroom residences present a turnkey fully furnished option with amenities including rooftop terraces, pool and bar with lounging area, and a wellness room. In seamless harmony with the surrounding Baja mountains and ocean, homeowners and guests are set to experience a landscape of breathtaking natural beauty.
• ONLY 2 OF THE 13 RESIDENCES REMAIN
• Turn-key options
• Appliances included and furniture package available
• Location: San Jose del Cabo
• Architectural real estate development company AMBRA is the investor and operator
• DD3 Capital Partners act as the majority investor and loan personal guarantor
View listings at The Break at El Arenal. thebreak@snellrealestate.com
Cabo Mare is a coastal community that magically merges modern architecture with the organic soulfulness of the earth. Combining contemporary influences, timeless aesthetics and breathtaking panoramic views, these ocean view residences and villas are a true reflection of all things Cabo. Each three- and four-bedroom residence offers up to 4,908 sq.ft of pure luxury living.
• 6 OF THE 9 RESIDENCES AVAILABLE
• Pre-construction houses
• Starting from $1,750,000 USD
• Model unit ready
• Location: Rancho Cerro Colorado
• By Californian developer and architecture Kom Studio
View listings at Cabo Mare. cabomare@snellrealestate.com
A new residential gated complex boasting a limited collection of 24 luxury, turn-key condominiums. Located in one of the most exclusive areas along the Los Cabos Corridor in El Tule, Marella Cabo is attractively positioned mountainside offering breathtaking ocean and coastline views. These lavish condos provide the ultimate in upscale quality and comfort combined with the perfect balance of the indoor-outdoor Cabo lifestyle.
• Turn-key and fully furnished, move-in ready
• 2 to 3 bedrooms
• Appliances and decorations included
• Starting at $440,000 USD
• Total living space between 1,763 and 2,220 sq.ft.
• Modern on-site amenities
• Location: El Tule, 5 minutes from Chileno Beach
View listings at Marella Cabo. marella@snellrealestate.com
A modern lifestyle village inspired by nature and the rhythms of the ocean. Offering a limited collection of residences, villas and condominiums, La Mar merges thoughtful design, upscale amenities and dramatic views.
• 21 properties
• Turn-key and preconstruction available
• Unforgettable sea, mountain and city vistas
• On-site amenities
• Appealing investment opportunity with excellent rental potential
• Starting from $575,000 USD | $10,700,750 MXN*
• Location: El Tezal, Cabo San Lucas
View listings at La Mar lamar@snellrealestate.com
Singles, couples, families with children, confident investors, international clientele, entrepreneurs, ultra-high net worth individuals and those looking to #VacationInvestRetire. Ranging from first time buyers to seasoned owners with multiple homes (home collectors).
Geographic regions: 70% USA, 20% Canada, 10% split between Mexico, Europe, Russia, Asia and Australia.
Health, travel, unique experiences, family, remote work, major life milestones, active lifestyle, retirement/semi-retirement, accessible destination, warmer weather, overall quality of life.
• MORE SPACE - The core idea of homes that are built upon open, interactive spaces with generous square footage and welcoming outdoor areas has further grown in appeal as buyers look to spread out.
• MAXIMUM PRIVACY - More popular than ever are off the grid homes that provide the opportunity to relax and enjoy recreational pursuits away from the routines and fast pace of daily life. Private and low-density retreats are a significant attraction for luxury buyers.
• HOME OFFICES - The importance of being able to work remotely in a comfortable and functional home office is more pivotal than ever before. A quiet room to retreat or a place where family and friends gather to virtually connect with loved ones, the need for space to work from home is an attractive feature in today´s market.
• PRIVATE POOLS - Making for the perfect place to relax, reflect, or entertain with family and friends, a private pool is one of the hottest amenities on the market today and an essential part of the luxury Baja lifestyle.
• HEALTH & WELLNESS EXPERIENCES - In high demand are homes that include the likes of private fitness rooms, spas and backyard putting greens, in addition to properties that incorporate healthorientated designs such as holistic ventilation and lighting systems, along with sanitation building materials. More than ever before, the priority for a healthy lifestyle is trending upwards with a desire for specialized experiences that no one else is getting.
• SMART FEATURES - High-tech elements in a home add a level of comfort, security and entertainment. Designed to revolutionize everyday tasks and reduce energy costs at the same, homes that incorporate cutting-edge technology individually tailored to homeowners are on the rise.
• FINE DINING FROM HOME – A cook’s kitchen is the luxury amenity of the moment. With a renewed desire for kitchens that incorporate functional features, nifty devices and high-end cabinetry, countertops and appliances, the kitchen continues to be at the top of the list for many prospective buyers.
• RENTAL INVESTMENTS - An uptick in activity for rental requests with high demand for longer stays and luxury amenities. As investors look to put their money into properties that will generate positive cashflow and a high return, Cabo´s vacation rental market is without a doubt booming and there´s no better time to invest.
We´ve got you covered. Our diverse collection of spectacular homes has something for everyone. Subscribe to our weekly mailing list and learn about the latest properties on the market, news, announcements, trends and much more.
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• 2022: the number of visitors arriving to Los Cabos grew by 25%
• February 2023: hotel occupancy was registered at 79%
• June 2023: Los Cabos experienced a 5.2% growth in passenger arrivals
• Remainder of 2023: 1.16 million seats are scheduled from the U.S; 52.8 thousand from Canada; and 998 thousand from domestic flights
• 2023 prediction: the destination is expecting at least 15% more tourists; yet another record-breaking year ahead for the region
Source: The Los Cabos Tourism Board
• 2021-2022 Best Real Estate Brokerage in Mexico; International Property Awards; five years running
• Most Outstanding Leaders in Luxury Real Estate 2022 – Mexico; 2022 Corporate Excellence Awards
• 30 Best CEOs 2022 – Silicon Review; Vanessa Fukunaga
• 10 Most Iconic Businesswomen To Watch 2022 - Success Knocks Magazine; Vanessa Fukunaga
• The 10 Most Successful Women in Real Estate, 2022 – Success Pitchers Magazine; Vanessa Fukunaga
• #7 ranking for Top Shops by GCI , Engel & Völkers Los Cabos; ranking taken from all Engel & Völkers Americas across 1,087 shops
• #22 ranking in Top Advisors by GCI, Vanessa Fukunaga; ranking taken from all Engel & Völkers Americas across 1,087 shops
We are thrilled to once again be distinguished as among the best property professionals from across the globe. These high-level international accolades further recognize our value in the luxury real estate sector and the relevance of continuing to do business at the highest level. Achieving overall excellence takes an expert team who are passionate about their every move and we are proud to be leading the way with competence, market expertise and notable service.
Below, please find a collection of some of our signature listings available for purchase. For a complete list of exclusive real estate opportunities, visit us online at snellrealestate.com
After 25 years and nearly $3.3B in sales since inception, Engel & Völkers Snell Real Estate continues to innovatively bring Los Cabos to the world. Our extensive market knowledge combined with a drive for excellence makes us the #1 top-producing brokerage in the Baja California Sur. As we continue to monitor current trends and prioritize a market specialization that resonates with the dynamics of buyers and sellers — we keep our finger on the pulse. Thinking beyond the traditional market practices, we are leading the charge forward into the future and revolutionizing the way luxury real estate is sold.
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snellrealestate.com
In Los Cabos (624) 105-8100 | Toll Free 1-866-650-5845
info@snellrealestate.com