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.

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

---

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.

---

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

---

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.

The post Kicking Off The High Season At Esperanza appeared first on Esperanza Real Estate Company.

Esperanza ownership is completely hassle free, lock and go ownership, where you simply walk into a fully equipped ocean view villa, then walk out and never worry about the hassles of home ownership.

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.

This one may be gone now, but we have others and it’s the right time to look into deeded ownership with Esperanza.  To get our latest listings send us a note.

The post Just Closed! Esperanza Fractional 1/8th Ownership, Six Weeks in a TWO & THREE Bedroom Villa appeared first on Esperanza Real Estate Company.

The post US News & World Report Releases the BEST HOTELS rankings, February 2nd, 2021 appeared first on Esperanza Real Estate Company.

The post Just Closed! Esperanza Fractional 1/24th Ownership, Villa 2203 appeared first on Esperanza Real Estate Company.

MILL VALLEY, CALIF. (July 8, 2014) – Auberge Resorts properties ranked among the very best in the world in the 19^th annual Travel +Leisure’s 2014 World’s Best Awards. Travel + Leisure readers also voted the boutique Auberge Resorts brand one of an elite group of the top 10 hotel brands in the world, the magazine announced. The rankings are available on travelandleisure.com and will be published in Travel +Leisure’s August 2014 issue and digital editions. “These awards are highly coveted in our field, and we are proud that the Auberge Resorts brand has once again earned the recognition of being among the world’s best,” said Craig Reid, CEO of Auberge Resorts. “It’s rewarding to our entire staff to know that our guests appreciate what we have built and continue to deliver at Auberge Resorts.”

Auberge Resorts ranked No. 6 Hotel Brand in the world with a score of 92.11. Napa Valley’s Auberge du Soleil, which secured a spot on the list’s “Hall of Fame” with its repeated recognition, was voted the No. 12 Resort in the Continental U.S. with a score of 92.81. Esperanza in Cabo San Lucas earned No. 9 Top Resort in Mexico with a score of 92.48. “We are incredibly honored to be recognized once again on the World’s Best Awards and are grateful to our guests for their loyalty,” said Mark Harmon, Founder and Managing Partner of Auberge Resorts. “Since the beginning, we have striven for excellence across the board to deliver a completely immersive experience, from exceptional culinary experiences to thoughtful service. We look forward to taking the Auberge concept to new markets in the year to come.”

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.

The post Among the World’s best by Travel & Leisure appeared first on Esperanza Real Estate Company.

To recap 2011 numbers, the fixed week ownership type again saw the highest sales by number with eight (plus two more under contract). For the first time in several years, we saw sales in two bedroom villas as well as three bedrooms. The average price for the fixed week sales was $97,187, which is a higher average than 2010 numbers, when 12 FW were sold. We are seeing a trend in higher prices here, but we don’t want to exaggerate, as the fact is that we will still likely see sales on either side of $100k in the coming year.

The AR ownership type (1/8th, 2/3 bedrooms) saw an increase in number of sales this year with a total of six over the four of last year. The average price has taken a toll and has dipped back from the 15% increase we saw in 2010. Average sale price this year is $194k, and we would like to continue to impress that no seller needs to sell below or much below that average. The low was $185k. Supply continues to hover around the same, but we implore anyone over $250k to consider dropping your price more to market or pull it off the list temporarily to limit supply, which will allow us to get to your desired sale price faster. We see this ownership type selling well this winter due to price point and value.

The four bedroom, 1/8 ownership type (LV) has seemed to have stalled, which unfortunately leads us to believe the lowest list price of $399k is still above what market will bear. I can only attribute this to what buyers sense is a palatable cash purchase in this down economy, and therefore ‘settle’ for a 2/3 bedroom in some cases. We only saw one membership sold in 2010 at a fairly reduced price.. We have eight for sale, which is a higher supply than we’d like, but not as high as we’ve had. As many may know, the Esperanza whole ownership next door (APRE) started selling 1/12th and 1/6th shares in a four bedroom villa, but only two clients have purchased this and neither one of them was a suitable candidate for the LV, for different reasons. One wanted the quieter lifestyle that APRE affords. The other couldn’t afford the $399k list price and would have bought the AR if APRE didn’t have this option. We are keenly tracking if this presents competition for the LV sales, and to date we cannot make such a judgment.

Finally, the oceanfront three bedrooms (HV) saw some action this year. This can perhaps be ‘competition’ to the LV more than any other ownership type, as we have sold a couple half memberships creating a whole 1/6th sale at heavily discounted prices. The average price for a 1/6th at this time is $731k, but more have sold this year than any other year in resale history. Selling in halves would be more in line with pricing of the four bedrooms. We currently have three for sale at $800k and $875k.

Esperanza Real Estate Company placed a half page ad in Coastal Living Magazine’s Ultimate Beach House edition in October. We have seen more than 100 leads come from this exposure, and our website optimization and upgraded Facebook integration have really helped with hits on our website that continue to bring us leads weekly.

As always, if you would like a one on one consultation please stop in our office on your next visit or drop us a line. We will continue to work very hard in selling Esperanza and your membership the best we can.

The EREC Team

The post Esperanza Sellers Update – Fall 2011 appeared first on Esperanza Real Estate Company.