The first-half 2025 numbers admit no ambiguous interpretation. The Los Cabos real estate market closed the January-June period with USD 878 million in total sales volume — a 24% increase over the same period in 2024 — with 1,038 completed transactions. In the first quarter alone, volume reached USD 559 million, 70% more than Q1 2024. For a market that many external analysts had catalogued as "mature," these figures represent acceleration, not a plateau.
The segment with the highest percentage growth was ultra-luxury — properties between USD 2 and 5 million — with 48 transactions in Q1 alone and a cumulative volume of USD 166 million. The average sale price for residential homes reached USD 1.6 million, while cost per square foot stood at approximately USD 467. These figures confirm something the market has been processing for years: Los Cabos is no longer an "accessible luxury" destination. It is luxury in its most rigorous sense.
Two transactions from the semester deserve particular attention. At Hacienda Beach Club, a beachfront villa sold for USD 12 million — the highest closing in the community's history. At Cabo del Sol, a trophy estate closed at USD 18.7 million. Both operations occurred with the discretion typical of the ultra-high-net-worth segment, but their figures establish new value floors for their respective communities.
Chileno Bay in particular has recorded more than USD 230 million in real estate sales since November 2024. First-row properties in that community are trading privately in the USD 30 to 40 million range. This level of liquidity in the ultra-premium segment is unprecedented in the history of the local market.
An important contextual note: active inventory expanded from approximately 1,100 properties one year ago to over 2,500 today. This is not a sign of weakness — it is a sign of depth. A market with adequate inventory is a market where serious buyers can find the right property without competing in bidding wars. For the well-advised buyer, more inventory is an opportunity, not a risk.
The buyer profile in 2025 remains predominantly North American — over 80% from the United States — with significant growth from the Canadian segment, particularly notable in January 2025, when Canadian arrivals reached their highest level in two years. Los Cabos is today connected to 61 global destinations, 45 of them international, with the airport processing more than 7.5 million passengers in 2024.
For the investor evaluating Los Cabos today, the data's message is clear: the market does not wait. Well-positioned and correctly priced properties generate activity. Those that are not, stagnate. The selectivity of the 2025 buyer is your greatest ally — if you work with the right information.
Frequently Asked Questions
How much did the Los Cabos market sell in the first half of 2025?
USD 878 million in total volume, with 1,038 closed transactions between January and June — a 24% increase over the same period in 2024. The first quarter alone reached USD 559 million.
Does more available inventory mean the market is weakening?
Not necessarily. Active inventory grew from about 1,100 properties to more than 2,500 in a year. That gives the market depth: the serious buyer finds the right property without bidding wars. More inventory, with good guidance, is opportunity.
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