Over the last few years some people postponed investing in real estate in Mexico. Some because of the biased and slanted news stories regarding violent crime, and some because they’ve been waiting for prices to fall to their lowest point. Other posts on this blog have addressed the media bias regarding drug related crime in Mexico. Suffice it to say, most of the crimes have been confined to less than 5% of the country and most of it occurs along the Mexican/United States border leaving the rest of Mexican residents to get on with the activities of their daily lives. Working, going to school, shopping, going to school and so on.
In spite of the onslaught by the media, 5,000,000 Americans visited Mexico in 2010. Up by 20% over the previous year. Mexico remains the #1 retirement destination in the world for Americans and currently 1.5 million to 2 million US and Canadian citizens own property and live full or part time in Mexico. Because of the aging Baby Boomers this number will grow exponentially as part of what has been called the “Largest southern migration to Mexico of people and real estate assets since the Civil War.” By the most conservative estimate 6,000,000 United States and Canadian Baby Boomers are on their way to owning property in Mexico over the next 15 years. Now is the time to get in front of this real estate investment tsunaimi.
As a Realtor in Los Cabos, and Associate Broker with CaboRealty, I need to keep my finger on the pulse of Los Cabos real estate. Here are some statistics taken from our Multiple Listing Service.
- Year to date (5/8/2011) number of condominiums sold in Los Cabos, 45. YTD sales in 2010, 24. Almost twice as many sales this year.
- Average price of a condominium YTD 2011, $$329,093. Average price of condominium YTD 2010, $665,321. A reduction in sales prices of more than 50%.
- Number of homes sold YTD 2011, 81. Number of homes sold YTD 2010, 50.
- Average price of homes sold YTD 2010, $996,494. Average price of homes sold YTD 2011, $438,382.
Prices are down and the number of sales is up. Both substantially. The trend says more and more buyers are coming back into the market. Trying to time the market is difficult at best. Waiting can be costly. Start your due diligence now before prices start back up. For some of the reasons to buy in Los Cabos, Mexico, watch the video above. For help with your real estate needs in Los Cabos, visit CaboRealty.com. With more than a dozen years in business and millions of dollars in sales we are here to help.









Semana Santa celebrates the last days of the Christ’s life. Pascua is the celebration of the Christ’s Resurrection. It is also the end of the sacrifices of Lent. Considering Mexico is almost 90 percent Catholic there is little surprise as to why it is so reverently celebrated.
There are many other traditions practiced all over Mexico such as the creating of Palm crosses, the celebration of Good Friday mass, the burning of Judas in effigy for betraying Christ.
With Semana Santa falling late this year, the weather will be outstanding. The Sea of Cortez is warming up enough for even locals to get their shins wet. Fishing is on the horizon and temperatures will be very conducive to outdoor recreation in Baja.
Multi-day fiestas beach camping and outings to Todos Santos, San Antonio and San Bartolo. Picnics at the beach are always a popular Baja way to enjoy the holidays and many camp overnight on the beaches.






