Now that 2021 has come to a close, Nick Fong, the broker and founder of Ronival Real Estate, has an update on the real estate market report for Baja California Sur. And, you may be wondering what to expect for 2022…
2021 was a great year for real estate in Baja Sur. Also, 2022 is looking very positive. Therefore, continue reading to learn more about the real estate market in Baja California Sur.
MLS platform and number of agents registered in Baja Sur
The MLS system used for Baja California Sur real estate is called FlexMLS. And right now, there are over 800 licensed real estate agents actively registered within FlexMLS.
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.
Number of properties under contract or sold on 2021
In 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. And for those sales still under contract, that represents $800M USD of real estate sales waiting to be closed.
Comparing 2021 to the 2020 market report
A tough year due to the pandemic, the second half of 2020 had a nice rebound. To begin, there were 1168 units that closed, which represents $415M USD. That means, 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 to expect in 2022
As Nick explains in the video, the first half of 2022 is expected to see continued growth. But as he 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.
What makes Ronival Real Estate different?
Originally, Ronival was 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.
This is what separates Ronival Real Estate from other agencies in Cabo. To begin, Ronival has over 50 sales agents ready to serve you throughout Cabo and all of Baja California Sur. They boast over four different offices throughout southern Baja California. And, these locations include Cabo San Lucas, Todos Santos, Los Barriles, La Paz and Loreto.
To begin, Ronival Real Estate 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.
These figures are just the tip of the iceberg. There’s much more that makes Ronival Real Estate the best agency in all of Cabo and Baja California Sur.
Work With Ronival Real Estate
Ronival Real Estate has helped thousands of buyers and sellers across Los Cabos since 2010. If you’re interested in Cabo Real Estate, our team can assist with everything from showings and negotiations to closing and property management. Have questions? Contact us here or call +52 (624) 227 5766.