Market Trends in Los Cabos: What 2024 Taught Us
After wrapping up another amazing year in Paradise, the Los Cabos real estate market continues to prove its reputation as a premier destination for luxury living and investment. As we reflect on 2024, one thing stands out was a year of transitions, opportunities, and evolving buyer preferences. The year-end data for 2024 highlights key trends and shifts across various property types, offering valuable insights for buyers and investors as we start 2025.
From July to November of 2024, the market experienced a slight slowdown. The primary driver wasn’t a lack of interest, instead it was the limited availability of move-in-ready homes to meet buyers demand. This shift pushed many buyers to consider building their dream homes, especially with the exciting new features and trends emerging in construction.
Another factor that influenced decision-making was the uncertainty surrounding elections in both the United States and Mexico. Buyers were waiting to see how changes in government might impact the market, which is a natural hesitation based on previous election cycles.
Even in this climate, conversations with potential buyers revealed an important insight which is their desire to own a home in Los Cabos never wavered. It wasn’t a question of “if” they are still going to purchase a property in Los Cabos, it was a question of how much they would invest in a vacation home. This speaks volumes about the enduring appeal of the region as a premier destination for luxury living and smart investments.
