MARKET ANALYSIS
Year To Date December 2019:
- LAS CONCHAS: The number of sold homes has gone down over the past year by 33%, but the average sale price is up from $277K to $312K! Those of you with homes in Las Conchas are building some very nice equity!
- EAST BEACHES: The number of sold homes has gone done over the past year and unfortunately, the average sale price has decreased as well by up to 22%. But take heart East Beach owners, Encantame Towers is on schedule to deliver in Fall of 2020 with a nearly sold out Tower 1, and Tower 2 nearly half-sold. With the thousands of renters who will be discovering Playa Encanto, we're certain the market will rebound!
- SANDY BEACH: The number of sold condos has held steady over this past year and the average sales price has increased by 7%. This combination makes Sandy Beach the healthiest market in Puerto Penasco. You can't lose here!
- Inventory is up across the board, so this is a great time to buy!!! You'll have a large selection to choose from and strong negotiating power. When you're ready to find your new beach home ... give us a call. We'll make sure to help you make a good decision!
Year To Date November 2019:
From November 2018 to 2019, Sandy Beach and Las Conchas have been enjoying a steady increase in average sales prices.
- Las Conchas: Average sales price per home has increased 9% to $312,079
- Sandy Beach: Average sales price per condo has increased 6% to $341,514
Inventory is up across the board, so this is a great time to buy!!! You'll have a large selection to choose from and strong negotiating power. When you're ready to find your new beach home ... give us a call. We'll make sure to help you make a good decision!
|