It goes without saying that the world has changed so much in recent years. Everyone was taken by surprise by the COVID pandemic. It consequently prompted many changes in various sectors including family life, businesses, schools, and more. One notable change because of COVID has been a shift to working remotely. Since more people are now able to work from home than ever before, they also have additional flexibility in terms of where they can live. As a result, people are traveling more and buying second homes in other locations, too. Do you want to buy a second home in Mexico? If so, Baja California Sur is a top choice. Coastal real estate is still affordable in Baja when compared with similar properties in other locations. Is 2023 the year to invest in a vacation home in Cabo? Read more below to find out.
Top Destination in Mexico
The Cabo San Lucas Real Estate market is expected to grow even more in 2023 as more flights from countries are being added each month. Cabo’s excellent climate, natural beauty and modern conveniences make it an ideal place for a second home. Cabo San Lucas has a lot of features that make it a desirable location to buy a retirement home or vacation home. To start with, the area has spectacular natural beauty including miles of beautiful Sea of Cortez beaches. Plus, there is world class shopping and international cuisine. As far as outdoor activities, popular activities such as water skiing, paddleboarding, hiking, mountain biking, snorkeling, scuba diving, and ATV-riding can be enjoyed all year long. The weather is great so it’s easy to find fun and active things to do in Cabo. Today’s active and modern homebuyers are expected to continue to invest in Cabo real estate in 2023.
Market Trends for Cabo Real Estate
Recent market trends in Cabo have shown that home and condo sales volumes slowed slightly after an especially strong second quarter in 2021. While Q3 showed a slight decline in Sales and Dollar Volumes, the numbers are still ahead of previous years Q3 sales. In fact, the Q3 dollar volume is approximately 75% of a normal year’s sales. Some experts believe that real estate sales may have slowed slightly as Covid restrictions are being lifted or relaxed in many people’s home countries. However, real estate sales in Cabo are expected to rise in 2023. Buyers now realize that they can work from home, and they would like that home to be in Cabo. Plus, many buyers are simply ready to leave the US altogether and move to Mexico full time. The laid back atmosphere in Cabo and family-centric vibes are very attractive for people wanting a slower paced lifestyle.
Vacation Home in Cabo: Villa La Estancia
If you want a dream vacation home in Baja, check out Villa La Estancia Los Cabos. Located on Medano Beach which is considered the best beach in Cabo, Villa La Estancia is a hotel-condo concept property. This means that homeowners have their private residence and exclusive access to the resort amenities and services. Right now, Villa La Estancia has a limited number of vacation homes for sale, too. The luxurious beachfront residences are spacious, solidly constructed and elegantly furnished. Plus, homeowners enjoy premiere access to the resort’s amazing amenities such as multiple pools, a gym, a spa, fitness center, delicious onsite restaurants, and more. In addition, COVID safety measures have been added to make sure guests and homeowners are safe. Also, homeowners have access to the front desk concierge to help arrange transportation, book tours, and make dinner reservations, too.
Seize the moment! 2023 is nearly here and it’s a great time to invest in a vacation home in Cabo. You simply can’t beat Baja’s amazing climate, natural beauty, and modern conveniences. If you want to see what living in paradise can be like, contact us at Villa La Estancia. Right now, we still have a limited number of beachfront residences available for sale. Our homeowners really enjoy having a vacation home on the best beach in Cabo. We have COVID safety protocols in place to make sure visitors, homeowners, and staff members are safe. Plus, our residences are spacious, comfortable and elegant. The large terraces and balconies offer amazing Sea of Cortez views that make a perfect place to enjoy your morning cup of coffee or glass of wine at sunset. Contact us today to see if you are eligible to participate in our Try and Buy Program.