The City of Puerto Peñasco officially welcomed over 30,000 tourists during Labor Day Weekend giving the city and its local businesses the much-needed revenue boost and demonstrating that the city is open for business and returning back to normal since the Covid-19 pandemic.
Lizette Ibarra, Director of the Puerto Peñasco Convention & Visitors Bureau (OCV), Puerto Peñasco reached an 80% occupancy rate resulting in over $1.5 million in revenue for the city. She said that this is one of the most important holidays for tourism during the year. She stressed these figures reaffirm Puerto Peñasco remains the preferred beach destination for the southwest region of the United States and continues to gain popularity in California.
The OCV says that Puerto Peñasco attracts many foreign and Mexican tourists because the beautiful and warm beaches, hotel infrastructure and fine cuisine. This, along with the welcoming attitude towards visitors and the proximity to the largest cities in Arizona make Puerto Peñasco a safe destination that is close and easy for everyone to enjoy.
In other notable news, real estate purchases and housing construction starts are up dramatically over the previous year which is a good indicator of the strength of the local economy and shows that investment dollars are continuing to flow into town through the purchases of existing homes, land/lots and/or building new homes. Also, home prices have seen a steady 11-16% gain in values depending on location each year and is expected to rise as dwindled inventories continue to meet exuberant demand.
Investment opportunities come and go throughout one’s life and most of the time we don’t realize an investment opportunity until it passes us by. I believe that we are in the middle of a once-in-a-generation real estate boom in one of the fastest growing, safest cities in Mexico primed for future growth given its proximity to the U.S. border and access to the warm waters of Sea of Cortez.
If you have ever dreamed of making Puerto Peñasco more than just a weekend getaway now is the time to make a move by purchasing a lot to build a future home, purchasing an existing home or condominium but make your move before it’s too late and prices become unaffordable. Contact your local builder or real estate agent for expert advice on how to make your next move!
About the author: Joseph Sanchez is president of Rocky Point Home Builders a design/build contractor specializing in custom home design, construction and engineered renovations and a real estate agent with RE/MAX Legacy. He resides here in Puerto Peñasco with his wife and three children and is originally from Chicago. For more information email him at email@example.com.
Aerial Photo of Malecon Photo – The City of Puerto Peñasco officially welcomed over 30,000 tourists during Labor Day Weekend
Puerto Peñasco Malecon Photo – If you have ever dreamed of making Puerto Peñasco more than just a weekend getaway now is the time to make a move.