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Market Reports
Strong Growth Continues In Los Cabos
The market in Baja California Sur is stable market continuing to grow, reassuring the confidence of investors to keep developing. The current market favors sellers, but prices are beginning to stabilize after seeing an increase of 20% or more over the last 2 years. We have seen strong growth in real estate for Los Cabos in 2022. Looking back at 2021, the total sales volume quadrupled. We continue to see more interest in Cabo Real Estate than ever before and momentum building with limited inventory.
How much Real Estate SOLD in 2021 and 2022 despite COVID-19? Why is the market getting stronger? As we are officially through 2022, how will 2023 play out? What kind of growth are we seeing? What is selling the most? One of the best ways to gain an understanding of what’s happening with the Real Estate market in Los Cabos is to take a look at the statistics:
Baja California Sur Report 2022
What About the Price per Square Foot?
For several reasons the price per square foot in Los Cabos can be tough to determine, here’s why:
- Established communities vs pre-construction pricing.
- Many properties feature large outdoor living spaces that are not included when calculating square footage.
- Variable factors include area, gated neighborhoods, proximity to beach, amenities, beach clubs, restaurants, golf courses, security and privacy.
- An average building construction price per sq in cabo starts close to $200 a Sq ft depending on the details and finishes. However, some oceanfront developments can be up to $1400 sq ft or more depending on the property.
