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.

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

Animalón by the Sea

Tijuana-born chef Javier Plascencia made a name for himself with six restaurants across the Baja Peninsula.  His latest venture opened this past spring called Animalón by the Sea.  Animalón features fine dining with a tasting menu on a two-story, 49-foot luxury boat departing from the Cabo San Lucas Marina to the Arch. Plascencia translated his award-winning menu from Animalón in Baja’s wine country for the high seas, with a five-course meal of local ingredients and seafood such as kampachi and totoaba. Chef Oscar Torres, an LA native, is at the kitchen’s helm and the seasonal menu. The boat has a maximum capacity of 40 diners and departs five days a week at 6 p.m..

Puerto Raiz – Semillón

Another creation by chef Javier Plascencia that opened recently was Puerto Raiz, a 13-acre farm with trees, gardens, orchards, and animals.  Puerto Raiz is home to Javiers newest restaurant, Semillón.   The concept is similar to Plascencia’s restaurant Jazamango in Todos Santos, where 60 to 70 percent of the food is sourced from the garden of Puerto Raiz (meaning “port of roots”).  Semillón is open for breakfast/brunch.  I have been several times for the mouthwatering delicious french toast and egg sandwich.

El Huerto

An open-air restaurant, El Huerto, is another farm-to-table dining experience that opened at the end of 2020.  It is located just 5 minutes from Esperanza near downtown Cabo San Lucas and serves a straightforward menu serving healthy, organic, sustainable dishes. You must try the fried green beans. Yum!

Although a small farm, it was well planned with dozens of fruits, vegetables and herbs growing.  Visitors are encouraged to explore the farm, relax in a hammock or sit with friends around a firepit observing the lit-up Cabo sky.

On Saturday mornings, El Huerto hosts an outdoor farmer’s market with vendors selling organic fruits and veggies, artisans with unique handicrafts from different parts of Mexico, and other local boutique organizations supporting fair trade and the local community. 

Reservations are highly recommended, with breakfast open from Tuesday through Sunday from 7:00 am to 1:00 pm and dinner from 5:30 pm to 10:00 pm.

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For many, leaving it all behind and heading to a warm and sunny beach location was what every traveler dreamed of doing. Now, post-Covid, working remotely is at an all-time high as we see more countries introducing short- and long-term visas to attract professionals that can work abroad, according to Depatures.com.

Los Cabos, Mexico, offers two types of visas for those who wish to take advantage of great year-round weather. You can either enter the country on a regular six-month tourist visa or apply for a Temporary Resident Visa (Residente Permanente or FM3) valid for up to four years (with the option to extend for three more years). The requirements include proof of funds—either a bank balance of at least $27,000 or a monthly income of over USD 1,620.

This flexibility to stay is undoubtedly one reason why the real estate market in Los Cabos has been so hot in the last six months. Americans are flocking to Cabo San Lucas with their families, where kids can attend their online classes and parents can work remotely while spending time in the fresh air, soaking up the vitamin D sun.

For a long-term home-away-from-home experience Esperanza, Auberge Resorts Collection, is a perfect property set on the bluffs of the scenic Baja California Peninsula. The resort’s accommodation options include luxury oceanfront villas and haciendas (stand-alone homes), ideal for families, equipped with everything from Italian bed linens, kitchens with Wolf appliances, stackable washer and dryers, regular maid service, and other luxury amenities such as airport transfers, kitchen pre-stocking services, and private chef services.

With the option to purchase deeded fractional ownership or full ownership either at Esperanza or the surrounding Los Cabos area, Esperanza Real Estate has over 30 years of real estate experience to find that perfect home for you and your family.

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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

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.

Click For Virtual Tour

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 $350,000 SOLD!
• Dues $21,113 annually

Click For Virtual Tour

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

The post Esperanza Real Estate Update appeared first on Esperanza Real Estate Company.

5th Annual EsperanzArte

This  February 15th we will be celebrating our 5th annual EsperanzARTE event at our five-star resort where a selection of Los Cabo’s finest chefs will unite with a collection of Mexican artists to take you on a sensory journey, unlike anything you’ve experienced before at one of the most celebrated destinations in Los Cabos - Esperanza Resort #1 Resort in Mexico by Condé Nast Traveler Readers' Choice Awards!  The event will be located in the surrounding area of the Auberge Private Residences and tickets are on sale now.  Inquire here.

Introducing: Agave

Located off the town square in the Gallery District of the Centro Histórico resides San Jose’s newest Tequila tasting experience. AGAVE is a tasting room and boutique for Mexican spirits located in Old Town San José del Cabo. It was founded by two tequila aficionados in 2019.

The founders are a sommelier and master tequilero from Tequila, Jalisco, Mexico’s largest tequila production region near Guadalajara and our very own fractional owner here at Esperanza, Terry Sullivan.  In 2002 and at the first of many private tastings the pair naturally started to share their enthusiasm for Mexico’s elegant spirits, and AGAVE was born.  Next time you find yourself at the Thursday night  Art Walk stop in and Salud!

Whale Watching from the Shores of Esperanza

Whale watching season is in full effect in Los Cabos and Esperanza's location is often a whale watcher's delight without ever setting foot on a boat. Esperanza is located in the enclave known as Punta Ballena which translates to “Whales Point,” depicted at the Whale's tail fountain at the entrance. Whether you are enjoying a cocktail at the bar in Cocina del Mar, lunch at La Palapa restaurant or soaking up the sun from the infinity-edge pools, you are sure to see a performance by these lovely creatures.  From around December to April each year, Humpback Whales and Gray Whales migrate down to the warm waters of the Sea of Cortez and the Pacific Ocean to mate and give birth. The whales start arriving as early as November and will depart for their summer feeding grounds by May. During this time sightings of the ocean’s greatest acrobats are guaranteed all around Los Cabos.

The post Art, Tequila and Whales! January 2020 appeared first on Esperanza Real Estate Company.