3rd quarter market report from Los Cabos Agent: Someone you can trust

Once again as Nick Fong, the founder and licensed real estate broker lives by the motto ‘’Someone you can trust’’, he’s ready to reveal the 3rd quarter 2019 market report.  It was a really busy summer!  With 391 closings from which a hundred and fourteen were houses, a hundred and two were condos and a hundred and seventy five were lots, the third quarter was amazing!  Read further to uncover the efficiency of Los Cabos Agent with this amazing 3rd quarter of 2019 market report.

3rd quarter 2019 market report

Nick Fong, the founder of Los Cabos Agent, is passionate about revealing all of the wonderful aspects of Los Cabos.  Every month, he creates new videos to answer as many of your questions as possible.

From July 1st to September 30th, 391 condos, houses and lots were sold, with a list volume of $119.2 million USD!  The sold volume was $106.7 million, with an average list price of almost $305 thousand dollars and an average sales price of $273 thousand dollars. These two last numbers represent an average sales price to the listings offered in Cabo throughout the year.

But what about each of the property types?  In condos, 102 units were sold. The list volume was $35.2 million USD with a sold volume of $32.6 millions. The average list price was $345 thousand dollars, and the average sold price was $320 thousand dollars.  Hence, making with this more than a 98% profit from the original sale price.

Houses

In this 3rd quarter, 114 homes were sold. The list volume was almost $64 million. Here, the average list price was $560 thousand dollars and the average sold price was $502 thousand dollars, which gives us an average sales price to list price of 89%.  That means there’s some room to negotiate.

Lots

Also, 175 lots were sold. The list volume was $20.1 million USD and the sold volume was of $16.7 million USD. The average list price ended in $115 thousand dollars, and the average sold price was $96 thousand dollars.  Land in Cabo is very popular these days.

To sum things up

177 went under contract in this busy summer season!  60 houses, 56 condos, and 61 lots. The list volume is almost $92.4 million USD with an average list price of $522k and 289 average days on the market.  Really, our numbers grow bigger and steadier every time!

About Medano Beach

‘Playa el Medano” offers tourists and visitors from all around a refuge full of natural beauty and aquatic tranquility.  Find that this exotic place in Mexico is more than a beach! It offers a huge amount of options, including water skiing, tourist shops, and water boat rides.  There are plenty of options for you and your family to enjoy this famous place.

Medano Beach is the center of the tourist activity in Cabo San Lucas.  This area is home to the most exclusive resorts and boasts in its beachfront a handful of palapa-shaded bars and restaurants for you and your family to enjoy.  The beach abounds with people looking to have a good time, as it is the go-to location for water-based activities.  It’s known that everyone loves spending time at the beach, and this is the perfect place to do so. There you can rent a kayak or a paddleboard to have an awesome time in a great place like this beach.  Discover Medano Beach in Cabo San Lucas!

Los Cabos real estate

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:

Visit Los Cabos soon

Thank you for reading 3rd quarter market report from Los Cabos Agent: Someone you can trust, 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.

Leave a Reply

Your email address will not be published. Required fields are marked *