"gringos packed up and left or aged out," I think that's a big factor. Who is the demographic that would be interested in this? Remember Rancho
Costa Verde? It's about 70 (?) miles north of Alkimia - closer to San Felipe - an actual town. In the 13 years that Rcho C Verde has been selling
lots, there are reportedly 55 built, with 40 planned. To its credit, a smallish motel and clubhouse with a pool has been built. There ya go. In
2015 when I went there for a presentation, lots were selling for $17k. On their website today, lots are selling for $22k. The spiel back in 2015 was
that prices of lots would skyrocket like Cabo - you could re-sell your lot for profit. Back then they were bringing busloads of people down for sales
presentations - a lot of staff and expense to do that. But that's what it takes - big time marketing. And in all the time that Punta Final has been
known to be available for development of lots, how big is it? I first went there in 1980 - a few houses then. In fact, there are two properties for
sale right now! One house for $75k, and one nice 4 bdrm for $190k. And there's a run-down "garage" for $35k for the more ambitious with "vision".
Certainly doesn't look like any big demand is taking place. Thousands of properties for sale all over Mexico. |