As you’ll see, 2021 was a great year for real estate in Baja Sur. Also, 2022 is looking quite positive too. So now that 2021 has come to a close, Nick Fong has an update on the real estate market report for Baja California Sur. And, you may be wondering what to expect for 2022…
Nick Fong is the founder and broker of Ronival Real Estate. And, he’s the number one real estate broker in all of Mexico. As such, his insight is a trusted resource for anyone thinking about making a real estate purchase in Baja Sur. Now, read on to uncover more about the real estate market report in Baja California Sur.
Number of agents registered in Baja Sur and the MLS platform used
As Nick mentions in the video, the MLS system used for Baja California Sur real estate is called FlexMLS. It’s a fully mobile MLS system, the FlexMLS Platform gives real estate professionals the autonomy to run their business on their terms. It provides flexibility, data freedom, innovation, and reliable performance.
Right now, there are over 800 licensed real estate agents in Baja Sur that are active within the FlexMLS system.
Properties under contract or sold on 2021
During 2021, 3840 units went under contract, many of which have already closed. To be specific, 2612 units have closed already. That represents $1.5B USD of real estate. For those sales still under contract, it represents $800M USD of real estate sales waiting to be closed.
A comparison of 2021 and 2020 market reports
Being quite a difficult year due to COVID-19, the second half of 2020 had a nice rebound. To begin, there were 1168 units that closed, which represents $415M USD. To elaborate, 2021 had over a 500 percent increase in real estate sales volume. Also, that makes over 400 percent increase in the number of units sold.
What can you expect in the 2022 real estate market
As Nick explains in the video, the first half of 2022 is expected to see a continued growth. But of course, it may adjust later in the year. As Nick mentions, inflation is already becoming a factor, which started at the end of 2021. And since about four trillion dollars were printed last year to help the recovery effort, that will certainly have a global economic affect.
See what makes Ronival Real Estate so much different
Ronival Real Estate was originally set up for real estate sales services when it was started back in 2010. Ever since then, it has evolved over the years to include property management services, rental management services, and projects. Nick goes on to say that technology has been is continues to be absolutely crucial to success.
What separates Ronival Real Estate from other agencies in Cabo? First, Ronival has over 50 real estate sales agents that are ready to serve you throughout Baja California Sur. Ronival has four different offices throughout southern Baja California. To elaborate, the Ronival office locations include Cabo San Lucas, Los Barriles, La Paz, Loreto and Todos Santos.
Ronival uses technology better than anyone else. From their CRM (Customer Response Management) system, their full-time four person media team, and their call center that makes over eight thousand phone calls, sends over 250k emails, and sends tens of thousands of text messages, every single month, Ronival Real Estate covers every base to ensure you are fully informed.
There’s much more that makes Ronival Real Estate the best agency in all of Cabo and Baja California Sur. As such, these figures are just the tip of the iceberg.
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 Uncover the Baja Sur real estate market report update from Nick Fong. 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.