In this blog, I’ll share the latest in East Cape Real Estate market trends, some news items on my continued involvement in conservation and sustainable development efforts on the Baja Peninsula, and an important update!
I recently decided it was time to shake things up professionally and moved to The Agency Los Cabos. I already know this was a great decision and will help me take my business to the next level. I’m blown away by the organization and capability of the marketing and closing teams supporting the agents at The Agency Los Cabos. To top it off, my broker, Bernardo Mucino, is readily available to answer questions, connect with buyers and sellers, and has demonstrated his vast market and development knowledge, partly obtained from the London School of Economics, where he obtained a degree in sustainable development.
On the topic of sustainability, I was a proud sponsor of WildCoast’s Baja Bash 2023 fundraising event in June. WildCoast continues to do incredible conservation and regenerative work throughout the Baja Peninsula, including sponsoring the recycling program in Cabo Pulmo, my original Baja home, after it grabbed my heart and imagination back in 2001. I continue to sponsor and contribute to the Legacy Works Group East Cape Futures project that was launched in December 2022 to promote sustainable development in the East Cape, among many other projects.
Foro Futuro Cabo del Este 2022: Resultados y Oportunidades | VIDEO
In April, I joined other East Cape Future participants to participate in a workshop at Rancho Cacachilas, where we witnessed the impressive results of their water and soil retention projects. At Cacachiles, they’ve built dams with readily available materials like branches, rocks, and gabions (rock and wire cages) to slow down the flow of rainwater, thereby increasing its retention in the aquifers below. The positive impact of these simple dams must be seen to be believed! In just eight short months, they’ve increased the amount of water present in downstream wells by over THREE TIMES! The last rains in the region were in October, yet, water still flowed at the surface of the arroyo in many places, allowing herbaceous plants to continue to grow, drawing insects, birds, and mammals.
In June, I participated in the municipal public consultation process called POEL, or Programa de Ordenamiento Ecológico Local, which translates to “Local Ecological Management Program” for East Cape Futures. We hope This program will inform the upcoming Urban Master Development Plan (Plan Director de Desarrollo Urbano or PDU 2040). The goal of our participation is that the most sensitive parts of the southern East Cape – those that remain wild and untouched or are in direct contact with Cabo Pulmo National Marine Park – will receive special designations that will reduce the density of development permitted.
Sales in the Southern East Cape keep ticking along, and whether you like the speed with which the East Cape is growing or not, we can probably all agree that good tacos are always welcome! Many of you have probably enjoyed tacos, burritos, or many of the other items available on the menu at Lateral Tacos in San Jose just behind La Comer Supermarket (aka “Mega” to those of us who’ve been around a while), but have you been to their new location on the beach at La Fortuna? Restaurateur Fernando has created a super atmosphere right on the beach overlooking the surf break.
Now to the topic that you’d expect from your local real estate advisor – the real estate market in the Southern East Cape held its own over the past year and compared to the previous 12 months (Year-over-Year stats starting 10 July). Land sales volume fell only 20% from just over $38M to $30.5M. I believe that is more a reflection of the disappearance of high-value inventory, especially beachfront lots. The volume of house sales dropped 56%. Again this is at least in part due to the quality of the available inventory. Seven of the homes still on the market have been for sale for over a year, many of them for multiple years (coming on and off the market during that time). There are also four active listings that are preconstruction – The off-grid Quintas Terranova homes listed by The Agency are 2-bedroom 2-bath ocean view homes with spacious garages located in the Terranova II subdivision, just across the Coast Road from the highly popular Destiladeras Bay and surf break. Also available and a great value is my new listing Casa Vista Perfecta, a well-constructed 4-bedroom 2.5 bath beachfront home overlooking the famed Punta Perfecta surf break. Listed for just $1,700,000, this is the best-value beachfront home in the southern East Cape and the only one with direct access to a great surf break.
The East Cape Road Maintenance fund is an ongoing effort spearheaded by Wendell Williams of Costa de Oro subdivision that employs a grader to maintain the Coast Road more regularly. If you’d like to contribute to the fund, please contact Wendell for ways and means to contribute (wendellwilliams22@hotmail.com) or drop into VidaSoul Hotel and leave the money with Joan Haffenaker when she’s in residence.
The surf is up, and the breezes are sweet now that we’ve had a tiny bit of tropical storm influence in the region (they had downpours in Palo Escopeta, San Bernabe, and San Jose del Cabo on Saturday, July 8th). The sea has heated up to nearly 29 degrees Celsius (84 deg F), so it’s fair to assume that storms will keep coming closer as the season progresses.
And remember, while I might be considered the East Cape Expert, I also represent buyers and sellers throughout Los Cabos. So if you’re looking to buy or sell, I’m happy to answer any questions you may have about the Los Cabos real estate market.
And now it’s time to catch some waves!
More post from Dawn
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