2010 Buyers Market In Rocky Point Mexico!
2010 has started with some of the largest price reductions we have seen in this region of Mexico EVER. Beachfront lots that were selling and valued at $600-700k are down to @$400k and less. One developer is selling half acre beachfront lots - services included for less than $100k. We are also seeing an increase in sellers who need MONEY NOW~so they are more willing to forego the return on investment for CASH NOW offers. Some buyers leveraged their properties here and are currently in default, causing an alarming rate of private foreclosures. Now is the time to make a solid investment in Mexico Real Estate and Puerto Penasco has some of the best deals available in the market today!
Don't Know About Puerto Peñasco Mexico Yet? Puerto Peñasco is also referred to by many Americans as Rocky Point. This town is located just south of the Arizona border, only a 3.5 hour drive from Phoenix / Tucson and only 2.5 hours south of Yuma on the new coastal highway completed in 2009. Puerto Penasco International Airport is open as of November 2009. 2008 Puerto Peñasco was designated a home port to cruise ships! This destination is now on the International Map for tourists, investors and retirees to travel to with ease. As Mexico has been well known as the #1 place to retire in for many years, Puerto Peñasco is a perfect choice in Mexico to consider. Only 1 hour from the border you can easily go back into the USA! If you have not been here, take a closer look here www.century21penasco.com and see why everyone is talking about Puerto Peñasco / Rocky Point Mexico as "the" place to invest, retire and vacation in. With the recent inaguration of our new International Airport in Puerto Penasco aka Rocky Point Mexico, this area is poised now more than ever to attract international attention.
As the market climbed in early 2000-2005, prices skyrocketed!
Some 2010 Buyers Market Examples:
** Condominiums that were selling in 2005 for $400k are now down to the low $200's and some desperate sellers are down to below $200k.
**Beachfront homes that listed at $1.4 million, sold for $850k in 2009. NOW in 2010, same beachfront community has homes that are in must sell scenarios... $499k for a beachfront lot-has 3 livable casitas. Neighbors here are all holding their lots off market until it gains strength again...and they are staying firm for land only at $600-700k!
Mexico has become a hot topic as a retirement consideration to enance quality of life and affordable healthcare. Consider Century 21 Sun & Sand as "Your Gateway To Real Estate In Mexico". We are experts in Mexico Real Estate. We are Americans who moved to Mexico to make our dreams come true, we are here full time and highly value referrals. We will treat your clients like a family member, and we are the ONLY brokerage that utilizes US style escrow and closing processes.
Century 21 Sun & Sand
www.century21penasco.com
WE LOVE TO PAY REFERRAL FEES!
Office: USA # 480-626-4687
MEX # 011-52-638-388-1295
"Your Gateway To Real Estate In Mexico"