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Baja California Sur real estate market trends for 2022

As 2021 was such an amazing year for both COVID-19 recovery and the real estate market, Nick Fong, the broker and founder of Ronival Real Estate says that growth will continue – there is no slow-down in sight.  As he mentioned in his 2021 market report, the only concern is inflation, which is manageable.

Nick Fong is ready to share his inside knowledge about Baja California Sur real estate market trends expected in 2022.  In the video, Nick states that he is asked questions about this quite often.  Now, he’s now ready to share his answer.  Therefore, continue reading to see some great insight from Nick Fong of Ronival Real Estate, the top real estate broker in all of Mexico.

Real estate market projections for 2022

According to Nick Fong, the Baja California Sur real estate market will not let up in 2022 – strength will continue.  As such, the momentum from the market as reported for 2021 will not stop in the foreseeable future.  To elaborate, regarding the market in each city in Baja Sur, like Cabo San Lucas, Loreto, Todos Santos, La Paz and East Cape, to name just a few, the real estate market is quite robust.  And, it will continue to strengthen as the year moves forward.

As Nick states in the video, there’s a primary reason for continued market strength.  First, Baja California Sur is a destination where people want to live.  Next, Baja Sur is where people want to invest.  As he says, that’s due to the great popularity as a tourist destination.

Why Baja California Sur is so popular

To begin, according to Nick, the the way of life and the weather is hard to beat.  As he mentions, the Baja California Sur destinations provide a luxurious and affordable way-of-life.  Also, you don’t even need to speak Spanish!  As you’ll see, the English-speaking population makes life easy to manage no matter where you go throughout the area.

If you’re looking to buy real estate in Baja California Sur, be sure you buy sooner than later as prices are always on the rise.  As another option, you may buy with pre-construction lock-in prices in various places throughout the area.  Using this option, by the time that property is delivered to you, most likely it’s going to be valued at 20 or 30% more.  That means, this is quite an awesome investment for ROI!

A comparison of 2020 and 2021 real estate market reports in Baja California Sur

As quite a difficult year due to COVID-19, the second half of 2020 ended up with a nice rebound.  To explain, there were 1168 units that closed, which represents $415M USD.  2021 had over a 500 percent increase in real estate sales volume – amazing!  Also, there was over a 400 percent increase in the number of units sold that year.

To detail the 2021 real estate market report for 2021, 3840 units went under contract, many of which have already closed.  To be specific, 2612 units have closed already.  Interestingly, that represents $1.5B USD of real estate.  And for those sales still under contract, it represents $800M USD of real estate sales waiting to be closed.

Baja California Sur real estate

Many Americans, Canadians, and people from other countries choose to make Los Cabos and other magical towns in Baja California Sur, Mexico, their home or vacation home.  Discover how to purchase your dream home in Baja.  Make an appointment with the top Real Estate Broker in Baja: Nick Fong, featured on HGTV’s Beachfront Bargain Hunt.

Since 2010, Ronival has been helping clients find the best homes in Cabo and throughout Baja California Sur. And, they’re highly-skilled negotiators that’ll get you the best price. Whether you plan to buy a property or quickly sell your Baja real estate, they’ve got you covered!

If you’d like to take a tour of a property in Cabo or anywhere else in Baja California Sur, just click CONTACT to inquire.  Or, call directly at 619-831-2000.  Ronival will be happy to answer your questions.  You can also schedule a time to show you around this breathtaking location.

Ronival on YouTube

See Nick Fong in action on his Ronival YouTube Channel.  Find his videos on the Rovival VLOG, where you can read a short, yet in-depth post.  Below is an example of one of Nick Fong’s Ronival videos:

Thank you for reading Baja California Sur real estate market trends for 2022.  Be sure to read other posts about Cabo and Baja California Sur on the Ronival blog. There, learn about the many wonderful aspects of Baja California Sur, Mexico, from blog posts like this.

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