We are more than halfway through 2023 and the average sale price for real estate compared to the same time last year shows most neighborhoods falling in price but Sandy Beach rose in price by 30% in June when you compare it to the same time last year.
Some would argue that this year’s economy has slowed as evident by the negative price growth in every subdivision in Puerto Peñasco, except for Sandy Beach. I believe continued price growth even during a slow economy demonstrates that Sandy Beach Real Estate will net top dollar even during slow times.
There are many great investment opportunities on Sandy Beach and its location in relation to town is unmatched by other beaches. Many opportunities to purchase an investment are mostly in the condo-affiliated market but recently it was announced that buyers now have an opportunity to reserve single-family homes on Sandy Beach thanks to two new developments.
The first opportunity is a recently started project known as Las Palomas Blue which is offering two-story, three-bedroom homes situated on their popular golf course. Homes vary in price from $485,000 up to $549,000 according to the Multiple Listing Service and according to their website the homes offer traditional Mexican touches throughout. You can learn more about this project at www.blueatlaspalomas.com.
Another new development announced recently is Viviente at Sandy Beach is a 109-home, clubhouse beach community situated behind Las Palomas who started taking home reservations in their lifestyle community last month. According to their website, Viviente as Sandy Beach will have its own Towne Center or Downtown Main St giving access to fine services such as 5-star restaurants, bakeries, coffee shops, food essentials, and much more. Homes start from the $200s and you can learn more about this project at www.viviente.mx.
Finally, for those not looking for a single-family home you have the best selection of beautiful, 5-star condos up and down Sandy Beach just waiting for your family to purchase and occupy. Remember whenever shopping for real estate you always want to work with an AMPI-certified real estate advisor who are trained to close successful legal transactions.
The market is slowing according to recent data, but I see it differently and believe that Sandy Beach is a bell-weather indicator meaning the market could in fact be trending upward soon. Whatever the case may be, the fact remains that Sandy Beach is still the one, and where you want to put your investment dollars.
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 visit www.rockypointrealestate911.com.