What Is The Market Doing?
Economic indicators for the Los Cabos real estate market is rising and because the market is strong, and new developments are happening all over the area, this oasis we call Los Cabos is a solid investment. If you're looking for a home, lot, or fractional property, this is an exciting time to buy!
According to the Multi Listing Service Market Report, we experienced a very active 3rd quarter. All of us at Esperanza Real Estate had the busiest 3rd quarter in the history of our collective 25-years of experience in real estate sales in Los Cabos.
For 3rd quarter sales, there were 140 units sold in Los Cabos accounting for $73 million in sales volume with an average sale price of $520,000. At Esperanza, there was a combination of 14 fractional and full ownership transactions that went under contract totaling $3,360,500.
For comparison purposes in the 2nd quarter there were 79 units sold in Los Cabos accounting for $46 million in sales volume with an average sale price of $589,000. Esperanza Real Estate received a few very low offers in the 2nd quarter, during the lockdown, which did not go under contract.
Considering 3 months in lockdown, being in our 9th month of the pandemic, in an election year, and a very strong October so far, overall we are anticipating finishing 2020 with very strong numbers. Tourism is up, and travel is resuming little by little which is very encouraging.
The Demand for Escape
What we’ve seen is that there’s a lot of demand. People want to escape and they want villas with amenities to escape with their family. We are seeing people book extended stays and over the summer, which typically in real estate is considered our slow season, guests would book one week and stay three or more. According to an Auberge executive, One family staying at Esperanza had three going-away parties because they continued to extend their stay. Every time they got ready to go home, they said, ‘Are we really gonna leave?'
What is important to today's discerning traveler is proximity to their primary home, family-friendly, and safe. With Los Cabos positioned only 2-4 hours direct flight from the many US States, and year-round sunshine, it is a very attractive destination.
What is Short Notice & How Does it Work?
Short Notice is any unreserved week in a unit, which may be reserved by owners on a first-come, first-served basis, no earlier than two months prior to the requested week. There is no restriction on whether an owner may use a Short Notice Week reservation in conjunction with other reservations.
How often can I use short notice? Subject to availability, owners have the opportunity to reserve an unlimited number of Short Notice Weeks during the Club Calendar period, however, an owner may only reserve one Short Notice Week at a time. Once the Short Notice Week is used, a reservation request for another Short Notice Week may be submitted.
Who can use short notice? Owners and direct family only.
What are the Short Notice Rates?
Two Bedroom $170++ per night
Three Bedroom $195++ per night
Four Bedroom $345++ per night
Luxury Suites $370++ per night
Private Residences $550++ per night
Pool Casita's at Private Residences (no kitchen) $150++ per night
Esperanza Listing Update
Fixed Week 1/24th
Ownership guarantees a specific “Fixed Week” in a specific two or three-bedroom Villa. Owners then have the benefit of using a 2nd “float week” to be enjoyed anytime between mid-May to mid-November in the same villa.
- $100,000-$160,000 USD
- Dues from $3,800 - $4,740 annually
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.
2 & 3 Bedroom (1/8th)
Owners purchase a 1/8th undivided interest in a Villa. All owners sign a Master Use Agreement merging their Villas into a Membership Program allowing flexibility in reservations and villa size.
Each owner has the opportunity to book 6 weeks a year through an equitable rotation. Owners can then visit more often and without limit based on space availability.
- Prices starting from $170,000 - $215,000
- Dues $12,900 annually
4 Bedrooms 1/8th (6 wks)
Each 4,500 sq.ft. residence incorporates stirring living spaces with expansive, open air floor plans and outdoor whirlpool spa and barbecue.
An inspired setting within a magical place.
Starting from $350,000SOLD!
- Dues $21,113 annually
Oceanfront 3 Bedroom
The total of 4,000 square feet of oceanfront living space features three master-bedroom suites which all offer sweeping ocean views plus a spacious living and dining area, fireplace, 60” TV’s, 24-hour butler service, a private pool, large whirlpool spa, barbecue area, and outdoor space for relaxing or entertaining.
Completely renovated this summer!
- Eight weeks at $900,000
- Dues $26,600 annually
4 Bedroom 1/24th (2 Weeks)
Each four bedroom/ 4.5 bath fully furnished residence contains 3,316 sf. interior air conditioned living space and 600 sf. exterior patio space. Each owner is afforded a flexible usage plan within the private fractional residences based on a very equitable rotation system. The Punta Ballena Private Beach Club membership is included with this ownership.
- Starting from $115,000
- Dues $3,900 annually
FULL OWNERSHIP REAL ESTATE
La Residencia B-2 $739,000 USD
Perched above the beach overlooking "The Rock" Surf break, this place fulfills the bucket list for the perfect vacation home. At almost 2,000 square feet of interior space, you have plenty of room for you and your friends to relax and enjoy the view or take part in the beachside action. The kitchen is well appointed with full-sized top of line appliances and a large bar top for conversing while cooking up your fresh-caught fish. There is a wet bar in the living room with a fridge and on the patio, there is a built-in gas hookup for all your BBQing needs. The laundry room off the kitchen has ample storage for keeping your towels clean and ready to hit the pool or beach.
The amenity set includes a private fitness center, activities room, catering kitchen, ample-sized garage, surfboard lockers, surf racks, and swimming pool with 3 jacuzzis and hot shower from the beach. The property is beautifully landscaped. It is close to golf, the SJD airport, shopping and restaurants, and within paddling distance to all surf breaks in Costa Azul.
- Two Bedrooms | Two and a half bath
- Total Square Feet: 2,000
- Beachfront on a swimmable, surfable beach