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This blog discusses Los Cabos real estate and other important news and happenings in Cabo.

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Cabo Real Estate Market Report - August 2012

It is interesting to track how our market has been going especially when comparing it to 2011 for the same time period.  The below information is as is reported from the Los Cabos MLS sales data: 

1.  2011 Sales Volume ($ thru August):  $137 Million  2012 Sales Volume ($ thru August):  $117 Million ====> 15% decrease in Sales Volume

2.  2011 Sale Units:  236  2012 Sale Units: 313 ====>  33%  Increase in Sale Units 

3.  2011 Average Price/Unit Sold:  $582,000   2012 Average Price/Unit Sold:  $375,000 ====> 36% decrease in Price/Unit Sold

4.  2011 Median Price/Unit Sold:  $277,000     2012 Median Price/Unit Sold:  $215,000 ====> 23% decrease in Median Price/Unit Sold 

 

In Summary the Cabo Real Estate Market has seen an increase in closings but as a result in prices coming down.  It is definitely still a Buyer's Market and some fantastic buys out there.  Make sure to check out some of those great buys at Los Cabos Agent

Posted: Tuesday, August 14, 2012 2:28 PM by Nick Fong

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