The Huatulco Real Estate market continues to move forward with planned and strategic growth. Designed and maintained in pristine conditions by FONATUR (a branch of the federal government), many say that Huatulco is assured for nothing less than SUCCESS. After years of slow and steady growth the Huatulco Real Estate market is best compared to “the little engine that could”.
The winter season started slow and steady. Being Huatulco is dominated by Canadians and many properties are offered in American dollars it seemed Canadians were not buying as much as previous years possibly because of the exchange difference between the USD and CAD. Some also blame low oil prices and the uncertainty caused by the US elections and new U.S. president. As a result, many developers offered incentives and motivated SELLERS offered up reduced prices. BUYERS who were cash loaded capitalized and picked off one amazing deal after another. We saw the pre-sale success story BARLOVENTO release one 3 bedroom oceanfront condo back onto the market only to be sold again within a matter of hours.
The 2nd quarter of the winter season from January 1st to March 31st saw much of the same, savvy investor BUYERS, many of whom subscribe to the Own Mexico Investors Club, picking off great deals at mostly $300,000USD and under. Cosmo Residences saw 4 sales all over $300,000 as it remains a top resort destination and rental revenue generator. In addition, single family homes such as the Bocana House and the beautiful 3 bedroom ocean view home in Arrocito sold for under $500,000USD. By the later part of the 2nd quarter of the winter sales season it was noticeable that the market had picked up. Lot and land inquiries as well as sales increased to impressive levels, a great sign for future construction and development.
By the time April to June hit the market became very active, more so than the winter months, and continued that way through the summer to the end of September. The success of AGAVES, a new pre-sale development in Chahue that is currently over 90% sold out, was prevalent. Only 1 of 12 units remain available just months after launching their pre-construction prices on the market. Marina Park Plaza saw a over 6 condos sell with only a few remaining in inventory. Oceanside Cruz Del Mar saw a private sale get swept up alongside all the remaining developer inventory in Building C. Over the summer a new pre-construction development ELEVEN by Cosmo was launched with prices ranging from $319,000USD to $529,000USD. Out of the first 6 residences being constructed 1 has already sold and another is under contract. Land inquiries continued to rise from lots to large development land.
As we look toward the upcoming season it is expected that the momentum from spring and summer will continue into the winter season with the Canadian dollar improving drastically and an increased amount of Americanos discovering the hidden gem of Huatulco, Mexico. In addition, the consistent high quality and projected upcoming infrastructure, such as the new super highway, hotels and additional direct flights, remain a big draw for investors interested in the area. At this point the Huatulco real estate market is still considered a BUYERS market, but the question is ‘for how long?’ With presale success stories such as BARLOVENTO and AGAVES as well as the past success stories of Oceanside Cruz Del Mar, Cosmo and Punta Arrocito, it is obvious more people are choosing Huatulco for a better quality of life. The ideal climate, commitment to the environment and general cleanliness, world class infrastructure, laid-back vibe and of course the low oceanfront real estate prices is unparalleled.
This chart compares two developments in Playa Del Carmen both of which have only a street view in comparison to the ocean view of AGAVES. This is just one example of the investment reality in Huatulco.
As the 2017/2018 winter season starts keep your eyes on 9 BAHIAS as they are building a new beach club, have a new show suite opening in October 15th and are hosting a Huatulco Real Estate Stay & Play. The newly launched ELEVEN by Cosmo is expected to sell quickly and Viewpoint at Puerto Angel has the best dramatic oceanfront value in Oaxaca starting as low as $112USD/ft2.
Bayside Real Estate Huatulco continues to lead the market with sales, listings and overall collaboration with other real estate firms in Huatulco. We have many private listings, exclusive penthouses as well as rare lots, land and luxury villas for sale. If you are looking for an exclusive luxury property or piece of land and are not finding what you are looking for make sure register for our OFF MARKET LISTINGS. We have select properties that will not be seen advertised anywhere.
The Bayside Real Estate team looks forward to hosting you in Huatulco. As you prepare for the winter season we leave you our Insider Tips To Buying A New Home We are a one-stop shop offering vacation rentals, property management and listings from $49,000 to $4M USD.
See you in Huatulco!