Los Cabos, Mexico
CASA DE LA PLAYA, COSTA BRAVA, EL TULE
Los Cabos Real Estate Market Report
Single-Family Homes, Q4 2024 vs Q4 2023
New Listings
Median Listing Price
Median Listing Price per AC sq.ft.
Sold Listings
Median Sold Price
Median Sold Price per AC sq.ft.
Avg Sold to List Price
Avg Days on the Market
LUXURY HOMES ($2M+)
New Listings
Median Listing Price
Median Listing Price per AC sq.ft.
Sold Listings
Median Sold Price
Median Sold Price per AC sq.ft.
Avg Sold to List Price
Avg Days on the Market
OBSERVATIONS
• An 18.3% rise in NEW LISTINGS across the general market and nearly 30% in the luxury sector signals expanding inventory, offering buyers a wider range of options
• The MEDIAN LISTING PRICE surged nearly 50% in the general market, suggesting sellers are pricing their properties much higher and/or that properties in higher value communities are entering the market. In contrast, the luxury sector saw a 15.6% decline, possibly reflecting strategic price adjustments to attract buyers in a competitive landscape
• A 24.6% decline in SOLD LISTINGS across the general market points to a slowdown with fewer transactions. Meanwhile, a remarkable 183.3% surge in the luxury sector indicates heightened activity and increased transaction volume
• The MEDIAN SOLD PRICE rose 14.5% in the general market and 23.1% in the luxury sector, signaling strong buyer willingness to invest in higher-priced properties
• The AVERAGE SOLD-TO-LIST PRICE fell 2% in the general market, while a 4% increase in the luxury sector suggests stronger market conditions, with luxury homes selling closer to their listing prices and leaving less room for negotiation
Median
Median
Avg
Los Cabos Real Estate Market Report
Condominiums, Q4 2024 vs Q4 2023
OBSERVATIONS
Los Cabos Real Estate Market Report
Land, Q4 2024 vs Q4 2023
MEDIAN PRICE PER SQM
LAND BY SIZE
Q4, 2023 Q4, 2023 Q4, 2024 Q4, 2024
OBSERVATIONS
SOLD LISTINGS
Overall, the land market reflects a notable decline in residential land sales across all size categories, with the steepest drops in small and large residential parcels. Meanwhile, the commercial land sector presents mixed results, as small parcel sales increased, while medium-sized parcel sales declined. This shift may stem from evolving buyer preferences, economic conditions, or zoning regulations, signaling changing market dynamics.
MEDIAN PRICE PER SQM
The land market is seeing a trend of rising prices for residential and small commercial parcels, with the most notable gains in small residential and small commercial plots. In contrast, larger residential parcels have shown only modest increases, while medium-sized commercial plots have experienced a decline in value. These shifts highlight varying demand dynamics, with strong interest in smaller parcels and potential challenges in the medium-sized commercial sector.
Shaped by a pioneering 28-year legacy and nearly $4 billion in sales since inception, Engel & Völkers Snell Real Estate continues to innovatively introduce the allure of Los Cabos to the world. As the #1 top-producing brokerage in Baja California Sur, we unlock the door to exclusive beachfront retreats, majestic mountaintop haciendas, exquisite golf villas, luxury resort residences, phenomenal developer and land opportunities, as well as a diverse portfolio of commercial properties. Catering to a wide range of budgets, from first-time buyers to seasoned investors, we are committed to mastering the art of real estate, offering the ultimate home buying and selling services. snellrealestate.com | loscabos.evrealestate.com
In Los Cabos: (624) 105-8100 | US Office: (713) 832-1035 info@snellrealestate.com
*Conversion to PESOS subject to change. The information shown in PESOS is
accordance with article 8 of the monetary law, the final price for recordation purposes will
NOM 247, prices shown in DOLLARS can be converted into PESOS by accessing the following link and performing the corresponding arithmetic multiplication per the current exchange rate. https://www.banxico.org.mx/tipcamb/main.do?page=tip&idioma=en; Conversión a PESOS sujeta a cambios. La información que se muestra en PESOS se basa únicamente en la conversión oficial en la fecha en que se envió este anuncio. El precio de oferta es en DÓLARES (moneda de los EUA) y de conformidad con el artículo 8 de la ley monetaria en vigor, el precio oficial a registrar en la escritura será el de PESOS que resulte del tipo de cambio oficial en la fecha que el pago sea obligatorio. De conformidad con la NOM 247, los precios en DÓLARES se pueden consultar en PESOS mediante la multiplicación aritmética del precio mostrado en DÓLARES por el tipo de cambio en vigor para solventar operaciones en dólares moneda de Los EUA. https://www.banxico.org.mx/tipcamb/main.do?page=tip&idioma=sp