I can advise you on the current value of your home in Cabo San Lucas or San Jose del Cabo.
As of early 2025, the real estate markets in Cabo San Lucas and San José del Cabo are exhibiting distinct trends.
Cabo San Lucas: The market remains active, with 162 new listings and 34 closed sales in the first quarter. The average sale price is $727,000 USD, below the regional average, making it attractive for buyers seeking affordability. Condos and houses have seen moderate price declines of 3% and 9%, respectively, while land prices have dropped sharply by 23%, with an average of 435 days on the market, indicating challenges in this segment.
San José del Cabo: This area leads in sales volume, with 103 properties sold totaling $121.13 million USD in Q1 2025. The average sale price is approximately $1.38 million USD, reflecting its status as a premium market. However, houses and land have experienced significant price reductions of 12% and 24%, respectively. Condos have seen a modest 4% decline but are selling relatively quickly, averaging 189 days on the market.
Overall, Cabo San Lucas offers more accessible entry points for buyers, while San José del Cabo appeals to those seeking luxury properties. Both markets present opportunities, with Cabo San Lucas favoring buyers due to increased inventory and longer days on market, and San José del Cabo maintaining strong demand in the high-end segment.
