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Author: Subject: Real estate sales sliding
oldjack
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[*] posted on 11-19-2008 at 11:01 AM


Prices in Los Barriles seem to be higher than any of the surrounding communities... the builders offer "built to U. S. standards"(you can bet that is a very rare occurence) ... for the past two years I have noticed that folks looking to have a place in the East Cape have ignored the price and just looked at how much money they have to spend.... there are a large number of trophy houses in Los Barriles/Buenas Aires and there are many more under construction.... a local builder offered me a lot in Cardinal for $280,000(usd) that was just under an acre... he was hyping the remoteness and the pleasant village... he ignored that the road is closed several times a year and you get isolated... maybe this would be a good time to sell my palapa and move to San Bartolo...
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slimshady
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[*] posted on 11-19-2008 at 04:31 PM


The going construction rate in Los Cabos is betwen $200-$350 per square foot. The high end finishes clearly demand the higher limits. In high I mean show case homes and not the ones designed for everyday use with nice finishes.

In Los Barriles the going rate is about $120 to $130 per foot. that is a fair value for contsruction I think for the entire region.

I talked to one guy over at Zoe's and he said he wouldn't touch ofr less than $250 in Los Cabos. That was last year. This year he would probably do it for $200, but I will not him the chance.

The prices clearly got out of hand in the past because a lot of people had money, now that the economy is dead, deals need to be made and don't pay until you get a good fair one.
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Osprey
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[*] posted on 11-19-2008 at 07:26 PM


Oldjack, you are point on. The "beach or nothing" mindset gringos bring down, realtors encourage and hype has brought us all to where we are today. A nice place in San Bartolo might cost you $50,000 for house/lot/mangos/guavas/tranquility --- need the beach, need to fish, swim, picnic -- it's all free thirty minutes south and east. All bets are off as soon as some canny realtor reads more things like this, goes inland a few kilometers and ruins what's left.
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bajaguy
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[*] posted on 11-19-2008 at 09:31 PM


Quote:
Quote:
Originally posted by buddha
Yup, gated and 24/7 security.....off the beaten track, quite peaceful


Can someone just buy a golf membership and what do they cost nowadays?





Here is the info from a source at the BCC.......

There is no membership.....the fee is $250 for a months play beginning the 1st of each month. You get 18 holes per day, any day, at any time. That is for any day for which a tournament is not scheduled....very few....and you can even play after the tournament is over if it is a small one. The break even point is 6 to 8 rounds per month.

I guess if you like to play 2-3 times a week, it's a good deal.




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slimshady
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[*] posted on 11-19-2008 at 09:58 PM


People go to baja for various reasons. Some like the ocean, desert, customs etc. Living ocean close will always be the most desired location. To travel 1000 miles to go live in a Palapa and grow mangos in San Bartolo is not something I see myself doing. That being said I will not talk down someone who views that as their own paradise.

I like the golden corridor for many reasons, and like Los Barriles for others. thats why I own properties in both. Los Barilles is rustic but ever changing. But nothing is better than walking a few feet and dipping your feet in the ocean and looking at that beautiful colored water. Nothing I ever seen on California's shoreline even comes close.
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Osprey
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[*] posted on 11-20-2008 at 07:14 AM


Slim, people buy what they can afford, not just what they like. There are often several hundred thousands of dollars between being here, living just the best way you can on the beach and "near the beach". I won't talk down to people who will not settle for anything less than "right on the water" -- God bless em. There are getting to fewer of them. Were I in the money I would not buy/build/live right on the water -- the surf noise down here, where I choose to be, is killer near the water.
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Terry28
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[*] posted on 11-20-2008 at 09:20 AM


$220-250 a square foot?? You are out of you mind!!! I know what labor costs are and who ever is charging that much in Baja is just greedy...but then again people are free to charge what ever they want....getting someone to pay that much is another issue...



Mexico!! Where two can live as cheaply as one.....but it costs twice as much.....
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slimshady
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[*] posted on 11-20-2008 at 09:22 AM


The only reasonable beach front properties in the the East Cape are in the Boca Alamo/Cardonal area. Beachfront will cost about 300k-600k just for dirt. Regardless nothing is wrong with buying what you can afford and being near the water. Walking distance is awesome also and chances are your house will be left standing when the Hurricanes decimate the beachfront homes.
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