We think it’s time to pull out our “winter clothes” as we check our weather app again. After all, it’s December, and it is still 80 degrees! I am sure the thousands of visitors and homeowners returning this time of year from their blizzards and below-freezing temperatures are not complaining. We chose to live in Cabo for this very reason. Great weather year-round! So we don’t have to look very far to find Joy and Happiness when it is still 80 degrees in Cabo. We will gladly switch out the hot apple cider for another Esperanza green margarita and replace our cashmere sweaters with bathing suits.

Predicting Over $3 Billion in Closed Real Estate Transactions for 2022

The first half of 2022 was a very robust market, and by the second half of the year, we started seeing signs of a slowdown.  Recently a revitalization presented itself when we sold a 1/8th (six-week) ownership with access to a two and three-bedroom villa, getting closer to our pre-developer prices.

According to the MLS, by the end of the year, we predict to close nearly $2.5 billion. With private developments in the ultra-luxury market, about 1 billion more, making 2022 our highest volume of closed sales yet for Los Cabos.  

Buyer trends have changed a little, showing signs of being more cautious; however, the buyer demographic of people selling in the US and purchasing to live here continues to grow.  We are keeping a close eye on the market, but predictions are we will have a great 2023 year.

Real Estate at Esperanza

We continue in an upward swing, with prices steadily increasing as they come on the market.  Our most recent listing landed nearly 12% above the asking price in our latest Sparkoffer for a 1/8th (six-week) Two / Three bedroom ownership. 

Current Listings

4 Bedroom 1/12th

Limited inventory is available for fractional ownership of spacious four-bedroom condos in the Auberge Private Residences. This ownership is loaded with perks such as:

• Dedicated butler
• Once a week in-villa chef service (cost of the food covered by owner)
• Dedicated seven-passenger vehicle during the stay
• Access to pickle-ball courts with no extra fee for the first two years
• 50% discount at Las Estrellas and other owner discounts throughout Esperanza
• Access to Punta Ballena Beach Club and Hotel Pool
• Dedicated golf cart while on property
• Listed at just $245,500

You can find further information on this 1/12th fraction by clicking Learn More

Two Weeks Together

Two Weeks Together are Better than One

This beautiful Two Bedroom Two Bath Villa has a total space of 2400 square feet and just received a fresh new look. The paint is still drying, so check out our ‘Look Book’ for an inspirational contemporary design. Similar to our 1/24th Fixed Week ownership, this new ownership concept guarantees two “Fixed Weeks” consecutively in this Ocean View Villa, 1702. Owners then benefit from using a 3rd and 4th “Float Week” to be enjoyed anytime between mid-May to mid-November in the same villa. When vacationing, two weeks are always better than one!

• Weeks 8 & 9 (February/March) $285,500
• Weeks 10 & 11 (March) $295,000
• Weeks 49 & 50 (December) $270,000

FULL OWNERSHIP

AUBERGE PRIVATE RESIDENCES

JUST LISTED – $1.75M | 3 Bedroom, 3.5 Bath, 3,600 sq ft. ground floor with expansive garden area.

Live Esperanza

Live the life of barefoot sophistication and let Esperanza owners’ liaison and management take care of you from the moment you step into the Cabo sunshine. Experience all the amenities and services of Esperanza from the comfort of your private villa.

Live Mexico

Stunning blue flag beaches, warm ocean waters, world-renowned fishing, year-round sunny blue skies, extraordinary culinary experiences, friendly, warm-hearted people, and fresh fish tacos!

Learn More

The post December 2022 Real Estate News appeared first on Esperanza Real Estate Company.

In Vegas this last August, Virtuoso voted Los Cabos Tourism as the world’s “Best Tourism Office” last at Virtuoso’s Travel Week 2022. The annual event, hosted by Virtuoso, the world’s top luxury travel network, brought together thousands of luxury travel professionals and providers from more than one hundred countries for networking and development opportunities.

Nominated against tourism boards from Australia, New Zealand, Austria, and the British Virgin Islands, Los Cabos Tourism took home the top prize after positioning itself as an international destination overflowing with luxury hospitality experiences. During Virtuoso Travel Week, Los Cabos developed various activities to highlight the destination and educate agents about the area’s newest high-end accommodations and the unique services offered. The tourism board hosted a dinner for 600 prominent sales agents. It held training sessions on luxury experiences in Los Cabos for 1,700 agents from across the Americas.

“Being awarded as the best tourism office is a reason of pride for Los Cabos because it shows the professionalism and dedication that has been given to an important segment,” said Rodrigo Esponda, director of Los Cabos Tourism. He added, “it is important to introduce the world to the vast wealth of our destination.”

Virtuoso represents the luxury travel agents generating the most significant expense for Los Cabos. The destination has 13 hotels within the network, comprising the 2,000 most luxurious rooms of the 18,000 existing guest accommodations, whose average rate exceeds $2,000 per night.

Following its participation in Virtuoso Travel Week 2022, Los Cabos continues its commitment to continue setting benchmarks within the global luxury travel industry and becoming the number one destination for visitors seeking elevated, unique, personalized vacation experiences.

https://www.visitloscabos.travel/blog/post/los-cabos-tourism-awarded-best-tourism-office-in-virtuoso-travel-week-2022/

The post Virtuoso Voted Los Cabos Tourism “Best Tourism Office” At Annual Virtuoso Travel Week 2022 appeared first on Esperanza Real Estate Company.

Welcome to the month of November

November is the kick-off month of what we Real Estate Agents often call “The High Season.” However, with the staggering numbers of visiting tourists and hotel occupancy this 2022, it seems there was no “low season” to begin with. There is much to celebrate this November, and we have a lot to unpack in this Newsletter.

Some of the events you can find in November would be:

• Day of the Dead - an iconic Mexican holiday paying respect to family and friends who have passed away, preserving their memories, and honoring their legacies. Celebrated with bright colors and traditional Catrina skeletons, it’s a unique cultural     experience to share on a Los Cabos vacation. - Nov 1-2
• Los Cabos Film Festival (https://www.cabosfilmfestival.com/en) - Nov 9-13
• Gastrovino Baja Food and Wine Festival (https://www.gastrovino.mx/) - Nov 10-13
• 53rd Annual SCORE Baja 1000 (https://score-international.com/raceinfo/) - Nov 15-20
• EsperanzArte https://aubergeresorts.com/esperanza/experiences/esperanzarte-2022/ - Nov 26
• Sea Turtle season - Late July to November
• The great Whale Shark migration - November to March

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Over $1.2 Billion in Closed Real Estate Transactions 3rd Quarter 2022!

MLS (Multi Listing Service) Market Statistics Year to Date throughout Los Cabos

• Condos - Average Sold Price $533,098 | 818 Closed YTD
• Houses - Average Sold Price $1,450,000 | 780 Closed YTD

Sales remain strong, and resales are selling twice as fast as in previous years! The average day on the market is now 180 - 200 days compared to earlier years' average day on the market of 416 days.

The demand for pre-construction and condos priced around $500k continues to break records! Los Cabos is experiencing a greater demand as ex-pats continue to invest or move to Los Cabos!

Don't hesitate to contact your agent for a complete and detailed real estate report.

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Real Estate at Esperanza

Sales at Esperanza are steady, with the onset of several listings going under contract within days of hitting the market this summer. Prices in all ownership types remain in an upward swing to align with the quality of the Auberge Resorts lifestyle and experience. We continue to use a multiple-offer platform that allows the offer price transparency.

Current Listings

4 Bedroom 1/12th

Limited inventory is available for fractional ownership of spacious four-bedroom condos in the Auberge Private Residences. This ownership is loaded with perks such as:

• Dedicated butler
• Once a week in-villa chef service (cost of the food covered by owner)
• Dedicated seven-passenger vehicle during the stay
• Access to pickle-ball courts with no extra fee for the first two years
• 50% discount at Las Estrellas and other owner discounts throughout Esperanza
• Access to Punta Ballena Beach Club and Hotel Pool
• Dedicated golf cart while on property
• Listed at just $245,500

You can find further information on this 1/12th fraction by clicking Learn More

Learn More

Two Weeks Together

Two Weeks Together are Better than One

This beautiful Two Bedroom Two Bath Villa has a total space of 2400 square feet and just received a fresh new look. The paint is still drying, so check out our 'Look Book' for an inspirational contemporary design. Similar to our 1/24th Fixed Week ownership, this new ownership concept guarantees two "Fixed Weeks" consecutively in this Ocean View Villa, 1702. Owners then benefit from using a 3rd and 4th "Float Week" to be enjoyed anytime between mid-May to mid-November in the same villa. When vacationing, two weeks are always better than one!

• Weeks 8 & 9 (February/March) $285,500
• Weeks 10 & 11 (March) $295,000
• Weeks 49 & 50 (December) $270,000

Learn More

Villa 1902 Fixed Week 4 - USD $112,000

This Fixed Week Ownership Program is a 1/24th deeded real estate interest in a Two Bedroom Two Bath Villa located within the Auberge Resort at Esperanza. Below is a general outline of the FW Ownership Program.

• Ownership guarantees a specific “Fixed Week” in a two- or three-bedroom Villa. Owners then benefit from using a 2nd “float week” to be enjoyed anytime between mid-May to mid-November in the same unit.
• Your Fixed Week is automatically reserved for you every year. Annually, each owner will reserve their Float Week through a reservation process coordinated by the Residence Club Manager in the spring.
• Your family and friends have full access to the Fixed and Float weeks, which increase your flexibility in usage. Additionally, you may rent your weeks through the Auberge Hotel and earn 60% of the net rental revenue.
• In addition to your Fixed and Float weeks, you may also visit Esperanza on a short notice basis and stay in any villa anytime one is available. Short notice vacations may be booked up to 60 days in advance for stays of 1 to 7 days. There is no limit to the amount of time you can spend at Esperanza on a short-notice, space-available basis. Use one short-notice vacation, and then you can book another.
• Owners of the Residences at Esperanza may exchange any or all of their reserved vacation weeks with owners of other properties in The Timbers Collection (www.timberscollection.com), and Esperanza owners may exchange with Auberge’s Telluride, CO, and more with their partnership with Elite Alliance.

Learn More

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All of our two and three-bedroom villas underwent an update in decor, furniture, flooring, countertops, and bathrooms this past summer and have a new fresh look. While we await professional photos check out our Instagram Page for a short reel on the remodel.

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Thanks to Vimeo user latitude 23

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“We are truly honored Auberge Resorts Collection has been named one of the top 10 hotel brands in the world by the trusted readers of Travel + Leisure,” said Mark Harmon, Founder and Managing Partner, Auberge Resorts Collection. I want to thank our entire team for their passion for service that has mad this wonderful recognition possible, as well as our loyal guests who appreciate the extraordinary experiences our resorts deliver.”

Auberge Resorts Collection was ranked No. 7 brand in the world with a score of 92.14. Auberge properties ranked in this years World’s Best Awards included; Napa Valley’s Calistoga Ranch was voted the No. 11 resort in the United States and No. 46 in the world with a total score of 93.66. Esperanza in Cabo San Lucas was ranked the No. 5 resort in Mexico with a score of 93.03.

The World’s Best Awards are a result of an extensive reader survey conducted by Travel + Leisure each year and are among the most respected reader polls in the travel industry. The readers define excellence in travel by rating their experiences and evaluating hotels across the world on the following characteristics: rooms and facilities, location, service, restaurants and food, and value. Hotel brands are rated by the following categories: locations, rooms and facilities, restaurants and food, service, design and value.

About Auberge Resorts Collection
Auberge Resorts Collection owns and operates a portfolio of exceptional hotels, resorts, residences and private clubs under two distinct brands: Auberge Hotels and Resorts, timeless luxury properties acclaimed for their intimate, understated elegance, and VieVage Hotels and Resorts, a new lifestyle brand that brings together contemporary themes of design, community and wellness in a fresh, active and social environment. While Auberge nurtures the individuality of each property, all share a crafted approach to luxury that is expressed through captivating design, exceptional cuisine and spas, and gracious yet unobtrusive service. Properties in the Auberge Resorts Collection include: Auberge du Soleil and Calistoga Ranch, Napa Valley, Calif.; Esperanza, Cabo San Lucas, Mexico; Hotel Jerome, Aspen, Colo.; Malliouhana, Anguilla; Nanuku, Fiji; The Auberge Residences at Element 52, Telluride, Colo.; Pronghorn Resort, Bend, Ore.; Hacienda AltaGracia, Pérez Zeledón, Costa Rica, VieVage, Napa Valley; VieVage, Los Cabos; and Auberge Beach Residences and Spa Fort Lauderdale, with several others in development. For more information about Auberge Resorts Collection, please visit https://www.aubergeresorts.com/. Follow Auberge Resorts Collection on Facebook at facebook.com/AubergeResorts and on Twitter at @AubergeResorts.

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MEDIA CONTACT:
Niki Jensen/Stacy Lewis
Murphy O’Brien, Inc.
310.453.2539
njensen@murphyobrien.com
slewis@murphyobrien.com

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