None of us have been able to avoid being affected by COVID-19 in some way or another. This global pandemic has opened all of our eyes to how susceptible we are. In fact, most of us never realized we had to such a fast-spreading virus happening right under our noses. This truly has been quite an experience for all of us around the world! Therefore, as you’ll see in this Saturday Cabo update about the Cabo COVID-19 recovery, now that most of us have put extensive precautions in place like social distancing, and we’ve done an amazing job buckling down, we are ready for recovery!
Regarding Cabo, there’s some great news! Ronival Real Estate and all of Baja California Sur is a shining example of recovery and resilience as Nick Fong reveals in his Saturday Cabo update about the Cabo COVID-19 recovery. Resort communities like Quivira Real Estate are beginning to welcome back homeowners and visitors with new safety protocols in place, showing strong signs of market stability.
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Focusing on Mexico as a whole, along with Baja, here is the latest on how Mexico and Baja California Sur has been affected by COVID-19 according to Nick Fong during his Cabo COVID-19 recovery Saturday update on June 6th, 2020. So far in Mexico, there have been 110,026 confirmed cases of COVID-19 and 10,015 currently active cases of the virus. In Mexico overall, there has been 13,170 reported deaths from COVID-19. The currently active cases have gone down by about 3,000 in the last two weeks.
In the Mexican state on the south end of the Baja California peninsula, Baja California Sur, there are currently 312 active cases of COVID-19. Next, there were 44 deaths throughout all of Baja California Sur. And just in case you’re unfamiliar, Baja California Sur includes the amazing towns of Loreto, La Paz, and all of Cabo. As of Saturday, June 6th, 2019, there are 108 active cases in La Paz and there were 27 deaths there. In Loreto, there are seven active cases and there have been zero deaths from COVID-19 so far.
Reporting the latest about Mexico, Baja, and Cabo
Ericka in Mexico City has been researching and preparing reports for Nick Fong in order to keep you up-to-date every Saturday morning in the weekly Cabo Update. She is a Journalist for La Jornada Newspaper, where you can stay informed about the situation in Mexico.
Economic recover in Baja California Sur
Starting on June 1st, 2020, the mining and construction industries are resuming and starting to open back up. Furthermore, it has been reported that some hotels are reopening their doors to ttimeshare owners. That’s good news for Cabo! It means that some clients are now back in town, which helps the local economy to recover as new money comes back in. Still, non-essential businesses like restaurants are not open yet, but essential businesses like grocery stores are open. But that will change soon. So far, June 20th still looks like the reopening date for other businesses in town. Communities like Diamante Cabo Real Estate are already seeing a return in buyer interest thanks to their secure layouts and world-class amenities.
2020 First quarter update
The first quarter of 2020 was normal – it was similar to Q1 2019. Regarding properties that went under contract, there were 85 houses, 107 condominiums, 91 lots, and one commercial property. That’s just under 300 units and just over $103M in sales volume, all in Q1, 2020.
To reveal even more data, 82 houses, 71 condos, 78 lots had closed, equaling about $92M in total. Also, the list price to sales price was 92%, which is a great sign! And the average days no the market came to exactly 365 – one year, which was about the same as last year, 2019.
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.