In 2012 we saw real estate sales climb on average 40% from the previous year and, it looks like 2013 will remain on this upward trend. The much improved US economy and the solid economic climate in Sonora are two key factors.
Many communities north of the border are not just seeing real estate prices stabilize; we are starting to see bidding wars once again. We all know that what goes down must come up and after years of suffering through such tremendous decline and stagnation we are relishing the light at the end of the tunnel.
For those of us who live in San Carlos we have seen the growth in Guaymas with the increase of foreign factories , the arrival of Walmart, Sam’s Club, Home Depot and the expansion of the Port. The port expansion alone is expected to create over 1,000 new jobs. In fact, Guaymas was recently voted one of the top ten cities of the future!
Along with strong job growth in Sonora and Guaymas there is a major program underway by our current Mayor, Otto Claussen with a focus on cleaning up our community. San Carlos and Guaymas have never looked better! Every single day work crews are in various neighborhoods cleaning up trash or graffiti, removing old signs that cause visual pollution and generally making our communities more beautiful and livable.
And, if all this good news was not enough, let’s look at the real estate numbers for the first quarter of 2013! The real estate information listed below is from the local San Carlos Multiple Listing Service (www.sancarloslistings.com), MLS. Please note that these sales figures do not include properties sold directly between seller and buyer or any other private transaction. I am also noting the 2012 sales figures for the same quarter for comparison.
Real Estate Sales for the 1st Quarter of 2012=$2,622,813 USD
Real Estate Sales for the 1st Quarter 2013=$4,168,500 USD
This is an increase of 37%
First Quarter 2013 Summary
Homes: 15 sold at median sales price of $199,000 USD
Condos: 2 sold at a median sales price of $86,500 USD
Lots: 1 sold at a median sales price of $12,500 USD
Notes:
There are approximately 3,000 single family homes and 690 condominiums in San Carlos.
Currently there are 253 single family homes, 90 condos, and 210 lots actively listed on the MLS.
We welcome our new neighbors to San Carlos and in the meantime if you have more specific questions regarding real estate please visit one of our local MLS member brokers!
