What is the average cost of a home in Cabo San Lucas?

What is the average cost of a home in Cabo San Lucas?Cabo San Lucas, on the Baja Peninsula’s tip, is a mystical location that has much to offer everyone. One of the best resort destinations in the world offers breathtaking scenery, a relaxed environment, and excitement around every turn. Because of Cabo’s exceptional walkability, you can get immediately to the action or directly to a tranquil beach. There’s always something to marvel at and appreciate when the blue-green waters of the Sea of Cortez is just outside your front door. It’s understandable why there is such a high demand for real estate in Cabo San Lucas given the variety of ownership choices now available.

Why would people enjoy living in Cabo San Lucas?

With humble beginnings as a fishing community, Cabo San Lucas has grown to a size of 137,000 full-time people today. Tourism, its reputation for sport fishing, and being listed as one of the top 5 destinations to retire in Mexico have all contributed to this expansion.

While some come for the gorgeous beaches and sports like scuba diving, snorkeling, parasailing, and water skiing, others come with fantasies of capturing a trophy fish like the swordfish or marlin. Visitors occasionally have the good fortune to see whales swimming across the surrounding waters.

Another factor contributing to the appeal of living in Cabo San Lucas is its year-round sunny weather. The average temperature in Cabo is roughly 78 degrees, and the area always seems like a tropical desert. Due to its proximity to the dry desert climate, which is conducive to further off-road vehicle exploration, it is an area free from humidity.

Additionally, Los Cabos has developed into a golfer’s paradise. There are a dozen world-class golf courses in this area that were personally designed by golfing legends like Jack Nicklaus, Greg Norman, and Tom Weiskopf. Additionally, those who enjoy the arts and culture will value the Los Cabos Film Festival, which takes place every November and draws filmmakers from across the world.

What Types of Property Are Available in Cabo?

There are many various kinds of Los Cabos properties available, so there is something for everyone in Cabo San Lucas real estate. Beautiful beachfront condos, incredible luxury waterfront homes, and off-the-grid real estate in the mountains or other rural areas are all available in Cabo. From first-time homebuyers to retirees, there are plenty of fantastic houses that are ideal for everyone.

Cabo San Lucas Homes for a Single Family

Nearly all single-family homes have a pool, are frequently found in gated communities, and occasionally can be found near a golf course or other similar facilities. A two-bedroom, two-bathroom home starts at about $250,000, although single-family homes near the ocean cost about $400,000, and luxury models in gated communities cost several million dollars.

The Market for Luxury Real Estate in Cabo San Lucas

Naturally, there will always be a need for upscale housing. The average price of a luxury residence in Cabo San Lucas is $3 million, while a private beachfront villa has been sold in Cabo for as much as $16 million.

Most of the purchases up until this point have come from its two northern borders, the United States and Canada. Now that there are several flights that fly directly to Los Cabos airport from many major US cities, traveling here is simple and uncomplicated whether you reside in New York or Chicago on the east coast, Atlanta in the south, or Los Angeles on the west coast.

Real estate in Cabo San Lucas Today

Real estate in Cabo San Lucas is still reasonably priced, and there are plenty of fantastic deals to be had there. You don’t have to be wealthy to live here, thus you might be amazed to find that the majority of the inventory sold is below $1,000,000.

In order to accommodate current needs, those who are reselling their properties in Cabo San Lucas are being compelled to remodel their houses and condominiums. At least not until there is a price shift that would make it worthwhile to take the risk, buyers are not willing to address the issues of repairs, upgrades, or renovations. They desire to buy brand-new homes, live in gated communities, and have access to a variety of amenities.

For older homes and condominiums, Cabo real estate is now a buyer’s market, and this is likely to remain so for some time.

Contact us

Are you planning to retire in Cabo or are you a first-time property buyer? Our well-informed team can provide you with a selection of outstanding homes that are ideal for your requirements.

To get your real estate experience in Cabo off to a great start, we have some of the top homes in Cabo San Lucas that are currently on the market.

Contact us at 1-800-975-5569 to learn more.