Once more Nick Fong comes to us with incredible news from Los Cabos Agent. This time, he’s delivering the 2109 Cabo real estate market report. It has been an excellent year for Los Cabos Agent and also for every customer. A significant increase in the market’s opportunities has sown a steady growth that caused LCA to exceed the numbers from 2018. There’s proof that the 2019 real estate business was stronger than ever. Therefore in 2020, there are very high expectations for even better numbers in the market. Keep reading to learn more about the 2019 real estate market report from Los Cabos Agent.
As was mentioned before, 2019 was a great year, exceeding the 2018 numbers of the real estate market report. For example, Los Cabos Agent had 1300 properties for sale that ended in a closed deal in 2019. Therefore, compared to 2018 where only 900 properties ended in a closed deal after being for sale, we can observe an increase of 44% on closed deals in 2019 compared to the year prior.
In 2019, Los Cabos Agent had almost $500M USD made on sales! With these numbers, we get an average of $372K per closing and a listing time on the market of 616 days on average before being sold. These are great numbers coming from a very successful year. Furthermore, we can see with more detail the numbers in sales for each residential property, condominiums and property lots. Read on to discover how amazingly good the 2019 real estate market went for Los Cabos Agent.
To be more specific, 413 houses were listed and sold last year, reaching $216M USD in sales.
Those 413 homes had an average sale price of $633K USD. And lastly, these residential properties averaged 313 days on the market. In Los Cabos Agent we’re always trying to get the best deals for our customers, and these numbers definitely speak for themselves!
Going further into the condominiums market, in Los Cabos Agent we generated $155M USD in sales. The listings only lasted on average 287 days on the market with closing deals averaging $403K USD per condo.
The total volume sales of lots for Los Cabos Agent was of $77M USD in 2019. These numbers give an average of $105 K USD selling price per lot. Lastly, these lots took an average of 1,100 days on the market before closing a selling deal. Although lots take longer on the market before being sold, their selling prices are equivalent to the profit made out of a house or condo sale.
Many Americans, Canadians, and people from other countries choose to make Los Cabos, Mexico, their home or vacation home. So, discover how to purchase your dream home in Los Cabos, Mexico by inquiring with the top Real Estate Broker in Los Cabos: Nick Fong, who’s been featured many times on HGTV’s Beachfront Bargain Hunt.
See Nick Fong in action on his Los Cabos Agent YouTube Channel. His videos are posted on the Los Cabos Agent VLOG, where you can read a short, yet in-depth post. Below is an example of one of Nick Fong’s Los Cabos Agent videos:
Thank you for reading 2019 Real Estate Market Report from Los Cabos Agent written by Greg Hixon of RE/MEX Image. Be sure to read other posts about Los Cabos on the Los Cabos Agent blog. There, learn about the many wonderful aspects of Los Cabos, Mexico, from blog posts like this.