2022 Year In Review

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 World

5 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