ROCKY POINT REAL ESTATE DISCLAIMER


Information displayed on this page was obtained from various sources and although every care has been taken to ensure the correctness of the information provided, all information has not been verified and should be viewed in that context.

No reference made to other realty companies are made with the intent to act as them or portray any item, listing or document as our property. Statistics and Historical information is left on the page for archival and reference purposes and was deemed correct at the time of publication.

No information is published with the intent to persuade current Realty clients of other brokerages to cancel their dealings with such brokerages.


ROCKY POINT REAL ESTATE MARKET NEWS DECEMBER 2013


 

 

THE REAL ESTATE MARKET 

 

The Real Estate Market in Rocky Point is still increasing with sales and prices going up and inventories shrinking.

The absorption rate for listing properties have decreased by another 37% from 2012. This means that there are fewer properties available and the likelihood of selling out all the properties are increasing. Although this would certainly not happen, this fact supports the transition to a sellers’ market. This is good news for sellers and less so for buyers. Buyers will certainly be paying more for properties in Rocky point and with projects like the Cruise port and direct flights from Vegas this trend is set to continue for the foreseeable future.

There has been a slowdown in sales during the last quarter, but the sales year to year is still up by 34.3 percent and pending sales are up by 22.4 percent.

Average sale prices have increased by 25.63 percent. This however does not increase the seller’s property value when listing, but does allow for a sale price closer to the actual listing price. Statistics show that the sold to list ratio has increased from a low of 78 percent earlier in the year to as high as 93 percent during September 2013.

All statistics are received from the AMPI Flex MLS system.

Please visit our website at wesellrockypoint.com

Condominiums, HousesCommercialRentals

or call me at USA (+1) 623 255 7454 or MXN (+521) 638 386 9595.



ROCKY POINT REAL ESTATE NEWS OCTOBER 2013



THE REAL ESTATE MARKET 

 

THE REAL ESTATE MARKET

There have been some parties that are still calling this a Buyers’ Market and are under the impression that all prices will be slashed for their offers. Warren Buffett hit the nail on the head when he pointed out that you don't go to a barber asking if you need a haircut.

In the last three offers that we were involved in, we had no less than three parties making offers on each property prior to acceptance. The inventory had decreased and the quantity of sellable units is down. In most of the resorts the lowest priced properties have increased their listing value by thousands. Well priced units receive offers quickly and there are more investors keeping their eye on properties now.

ROCKY POINT REAL ESTATE MARKET

The Real Estate Market in Rocky Point is still heading in the right direction. The Listings sold in 2012 to October 18, 2012 compared with the same period this year shows an increase of 44.7%.  Active listings on the market for the same period has decreased by 7.9%. New listings being brought into the market for this last month has decreased by 29.7 %.

The biggest change can be found in the absorption rate. The absorption rate is the months that it would take to sell all the properties in the inventory at the current rate of sale. The absorption rate came down with an astounding 48.68 %. The absorption rate has shown a constant decline from June 2012.

The average sales price has increased by 44.51% and the average list price has increased by 5.94%. This clearly indicates that the listing prices are slowly increasing and the sellers are now getting better offers on their properties.

Please visit our website at wesellrockypoint.com

Condominiums, HousesCommercialRentals

or call me at USA (+1) 623 255 7454 or MXN (+521) 638 386 9595.



ROCKY POINT REAL ESTATE NEWS JULY 2013


THE REAL ESTATE MARKET 

 

THE REAL ESTATE MARKET

There have been some parties that are still calling this a Buyers’ Market and are under the impression that all prices will be slashed for their offers. Warren Buffett hit the nail on the head when he pointed out that you don't go to a barber asking if you need a haircut.

In the last three offers that we were involved in, we had no less than three parties making offers on each property prior to acceptance. The inventory had decreased and the quantity of sellable units is down. In most of the resorts the lowest priced properties have increased their listing value by thousands. Well priced units receive offers quickly and there are more investors keeping their eye on properties now.

ROCKY POINT REAL ESTATE MARKET

The Real Estate Market in Rocky Point is still heading in the right direction. The Listings sold in 2012 to July 3, 2012 compared with the same period this year shows an increase of 50.5%.  Active listings on the market for the same period has decreased by 8.7% from 526 to 445. New listings being brought into the market for this last month has decreased by 21.7 %.

The biggest change can be found in the absorption rate. The absorption rate is the months that it would take to sell all the properties in the inventory at the current rate of sale. The absorption rate came down with an astounding 51.25 %. The absorption rate has shown a constant decline from June 2012.

The average sales price has increased by 43.05% and the average list price has increased by 10.29%. This clearly indicates that the listing prices are slowly increasing and the sellers are now getting better offers on their properties.

Please visit our website at wesellrockypoint.com

Condominiums, HousesCommercialRentals

or call me at USA (+1) 623 255 7454 or MXN (+521) 638 386 9595.



ROCKY POINT REAL ESTATE NEWS


THE REAL ESTATE MARKET 

 

THE REAL ESTATE MARKET

There have been some parties that are still calling this a Buyers’ Market and are under the impression that all prices will be slashed for their offers. Warren Buffett hit the nail on the head when he pointed out that you don't go to a barber asking if you need a haircut.

In the last three offers that we were involved in, we had no less than three parties making offers on each property prior to acceptance. The inventory had decreased and the quantity of sellable units is down. In most of the resorts the lowest priced properties have increased their listing value by thousands. Well priced units receive offers quickly and there are more investors keeping their eye on properties now.

ROCKY POINT REAL ESTATE MARKET

The Real Estate Market in Rocky Point is still heading in the right direction. The Listings sold in the first quarter to date compared with the same period last year has shown an increase of 75%.  Active listing on the market for the same period has decreased by 9.5% from 597 to 540. New listing being brought into the market has decreased by 11.4 %.

The biggest change can be found in the absorption rate. The absorption rate is the months that it would take to sell all the properties in the inventory at the current rate of sale. The absorption rate came down with an astounding 31.28 %. The absorption rate has shown a constant decline from June 2012.

The average sales price has increased by 12.44% and the average list price has increased by 1.85%. This clearly indicates that the listing prices are still in the current range, but the sellers are now getting better offers on their properties.

Please visit our website at wesellrockypoint.com

Condominiums, HousesCommercialRentals

or call me at USA (+1) 623 255 7454 or MXN (+521) 638 386 9595.



ROCKY POINT REAL ESTATE NEWS


 

THE REAL ESTATE MARKET 

 

THE REAL ESTATE MARKET

The real Estate forecast for 2013 is described as “Slow but promising”. Commercial store openings are on a four year high and led by Dollar stores and Restaurant chains.  Subway plans to open 5000 new stores and Five Guys Burgers are to open 1200. Dollar general is planning 650 stores, Family Dollar want to open 500 and Dollar tree 350 stores.

Big money seems to be betting on the return of the market in 2013. The Blackstone group of New York bought 6500 single family homes for more than $ 1 Billion Dollars, The Colony Capital Group bought 4000, and Two Harbors acquired 2200 houses. The sentiment is that Americans still want to own a home and although they are currently renting the dream has not changed. As the market returns they will still want to own their own home and will buy one.

ROCKY POINT REAL ESTATE MARKET

The market in Rocky Point is changing and it is becomming very clear that the market is moving into a sellers market. This process does not happen overnight, but we can definetely see the changes. An old friend uses to say that when you sit at the table and there is a steak knife at every plate, you will certainly have steak.

Here are the facts as presented by the AMPI Mls: The absorption rate for inventory on the market have decreased from 45.24 Months in December 2011 to only 33.75 months in November 2012.

The average sale price have increased by 5.05% from 2011 to 2012.

There has been an increase of 25.6% in listings sold in 2012 and there has been 38.6% more pending transactions than in 2011. If you have a condo that you would like to sell, contact us today the time is right and we would appreciate the opportunity of working with you!

Please visit our website at wesellrockypoint.com

Condominiums, HousesCommercialRentals

or call me at USA (+1) 623 255 7454 or MXN (+521) 638 386 9595.


ROCKY POINT REAL ESTATE NEWS UPDATE


 

THE REAL ESTATE MARKET 

 

 

The Real Estate market housing segment has shown an increase for 12 consecutive months in existing home sales. There has been a 7% increase in recreation home sales from 2010 to 2011 in the USA. From May 2011 to May 2012 total existing home sales increased by 9.6%. The sales of existing homes in the USA were at the highest since 2007.
Housing is expected to add to the gross domestic product in the USA for the first time in 7 years. New housing starts have risen 2.3% in August and single family construction reached the highest level in more than two years.
CNN Money reported that home prices have reached index levels not seen in nine years. The Wall street Journal said that the year to date gains in home prices have climbed 5.9% through July and has been the strongest since 2005.
Now is a good time to Buy or Sell Real Estate in Rocky Point, contact us to assist you in finding the perfect vacation property.
ROCKY POINT REAL ESTATE MARKET
 
The active listings have been decreasing steadily and has declined by 11.1% from the previous year according to the MLS statistics.New listings have shown a decrease of 13.2% for the same period. Properties sold have increased by a whopping 22.8% for the year to date and there is a 44.3% increase in Pending sales.
 
The market is changing from a buyers market to a sellers market and we have seen many offers being rejected by sellers willing to wait for better offers and the prospect of raising prices. We have personally submitted five offers within the last ten days for various buyers. If you have a condo that you would like to sell, contact us today!

Please visit our website at wesellrockypoint.com

CondominiumsHousesCommercialRentals

or call me at USA (+1) 623 255 7454 or MXN (+521) 638 386 9595.


ROCKY POINT REAL ESTATE NEWS


THE REAL ESTATE MARKET 

The Real Estate market in the US is changing. Super-low prices and a considerable supply of condos and homes on the market is a sure sign that there is no better time to buy a home.  The prices have bounced on the bottom, and as the confidence in the market returns the pricing are starting to head upwards and many sellers are taking their properties off the market to wait for better prices.

Forbes has reported that the Real Estate market reports show home values increased by 2.1 % from the first to the second quarter. Annually the prices rose by 0.2%. CNN Money concurred and added that this was the first time in 5 years that the home prices have increased.
Bloomberg reported a strong recovery in the starting of new homes and Goldman Sachs Group Inc. said this may drive a surge in new home sales.
Besides this being an amazing time to buy a home, it is an equally favorable time to buy an investment property. There is massive profit to be made in real estate, though not simply by quickly flipping properties, as was the mistake of many investors who could not get out of their properties in time when the real estate market crashed. Purchase an investment property at these super low prices and think long-term by focusing on how much income you can generate each month.  
With the tourism returning the vacation rental opportunities are getting better and if well managed will sustain your investment while it is gaining in value and the markets stabilize.
 
ROCKY POINT REAL ESTATE MARKET
The market in Rocky Point is busy turning from a buyers’ market into a sellers’ market. More second/backup offers are received on properties and the inventory is shrinking.The inventory percentage based on July 2011 and July 2012 absorption rate is down 10.11% to 41.35 Months. This is the lowest it has been in the last year.
Real Estate Sold year over year has increased by 9.9% and Pending sales are up 42.3% compared to the same month last year.
New Real Estate listings are down 16.5% from 37 properties listed in July 2011 to only 28 listed in July 2012. Owners are taking their real estate off the market to wait for higher prices as they reason the prices will soon return to normal market prices. Year over year the total Real Estate listings fell by 12% from 961 in 2011 to 846 in 2012.
We have noticed several investors showing an interest in purchase five or more condos. They have started looking at the market in Rocky Point and have all indicated that they intend to purchase in the neer future.

Please visit our website at wesellrockypoint.com

Condominiums, HousesCommercialRentals

or call me at USA (+1) 623 255 7454 or MXN (+521) 638 386 9595.



JUNE 2012


 

 THE HOUSING MARKET HAS TURNED THE CORNER

   

 

The National Association of Realtors@ (NAR) in the US has reported that Pending home sales rose to highest level in 2 years. NAR’s pending home sales index, a forward-looking indicator based on contract signings, rose 4.1% to 101.4 in March from an upwardly revised 97.4 in February. It is 12.8% above March 2011 when it was 89.9. The data reflects contracts but not closings. The index is now at the highest level since April 2010 when it reached 111.3.

Lawrence Yun, NAR chief economist, said 2012 is expected to be a year of recovery for housing. “First-quarter sales closings were the highest first-quarter sales in five years. The latest contract signing activity suggests the second quarter will be equally good,” he said. “The housing market has clearly turned the corner,” Yun added. “Rising sales are bringing down inventory and creating much more balanced conditions ... which means home prices will be rising in more areas as the year progresses.”

The median list prices of homes for sale nationwide in the US are up 5.56 % over the last year, according to realtor.com. Long Realty CEO Rosey Koberlain has reported that there is a sharp decline in the inventory. In Tucson AZ, they are down to 4 months supply and Phoenix, AZ is down to 2.5 months. Rocky Point is no exception.

This is a great time to list your property with us! The top company to be with in Rocky Point, Mexico.

Please visit my website at www. WeSellRockyPoint.com

or call me at US  (+1) 623 255 7454 or MX cell (+521) 638 386 9595.


TIME TO SELL YOUR REAL ESTATE

 

Now is the time to sell

Traditionally, most homes have sold during the spring months. In the current volatile housing market, the time of year is not the most reliable predictor of the best time to sell. Homes certainly show better in spring than they do on a dark and dreary winter day. In Rocky Point we have found that the most closings occur during May/June and November/December. The weather and seasons have some effect on home sales. However a bigger influence on the Housing market is the financial recovery and overall economic situation. The Bad Press about Mexico is not helping either. Bad economic news and massive uncertainty lowers consumer confidence. Buyers need to have jobs, but they also need to feel confident in their future to take on a major purchase like a vacation home.

The best time to sell is when consumer confidence is on the upswing; interest rates are low; unemployment is decreasing; the economic news is mild; and there are more buyers in your local market niche than there are sellers. A high-demand, low-inventory market gives sellers an edge.

Interest rates are currently at historic lows and are expected to stay low for the rest of the year. Capital Economics, an analytics firm, expects the housing crisis to end this year partially due to lenders loosening credit. According to Capital Economics, one indicator of loosening is that banks are now lending 82 percent of loan-to-value (LTV) an 8 point increase from last year. This means qualified buyers need less cash to buy, which should lead to more sales this year, although higher home prices are not expected.

These positive indicators combined with a drop in homes for sale at the end of 2011 and a decrease in unemployment may provide an opportunity for sellers in spring 2012, provided their homes are priced right for the market.

Regardless of the economic indicators, the best time to sell is when the time is right for you.

Please visit my website at www. WeSellRockyPoint.com

or call me at US (+1) 623 255 7454 or MX cell (+521) 638 386 9595.


 

THE REAL ESTATE MARKET

 

The Real Estate Market in Rocky Point is still heading in the right direction. The sales for the last month is reflected Here are some links to view for detailed information:

Sold Properties

Pending Properties  

Please visit my website at www.WeSellRockyPoint.com

or call me at US(+1) 623 255 7454 or MX cell(+521) 638 386 9595.


ROCKY POINT REAL ESTATE NEWS


 

THE REAL ESTATE MARKET

 

The Real Estate market has bottomed and is on the UP according to various governing bodies and realtor associations.

The National Association of Realtors@ (NAR) in the US has reported that Pending home sales rose to highest level in 2 years. NAR’s pending home sales index, a forward-looking indicator based on contract signings, rose 4.1% to 101.4 in March from an upwardly revised 97.4 in February. It is 12.8% above March 2011 when it was 89.9. The data reflects contracts but not closings. The index is now at the highest level since April 2010 when it reached 111.3.

Lawrence Yun, NAR chief economist, said 2012 is expected to be a year of recovery for housing. “First-quarter sales closings were the highest first-quarter sales in five years. The latest contract signing activity suggests the second quarter will be equally good,” he said. “The housing market has clearly turned the corner,” Yun added. “Rising sales are bringing down inventory and creating much more balanced conditions ... which means home prices will be rising in more areas as the year progresses.”

In California, one of the worst hit areas in the US, the California Association of Realtors C.A.R. has reported that the home prices have increased 9.2% from a year ago. The inventory of available housing has also declined over the same period.

In Palma, CA, Mark Prather, A Broker confirmed that buyer interest has shown a 35% increase from a year ago.

CoreLogic a real estate data firm has indicated a 0.7% increase month over month in Phoenix, AZ, the first in 4 years.The average increase is 13% and places like Miami FL has surged to 14%.

JP Morgan Chase issued 6 % more mortgages and 33% more applications. Wells Fargo issued 54% more mortgages and received 84% more applications.

All indications are that the market is on the rebound and Puerto Penasco is no exception. Contact me today to find the lowest priced condo before they are all sold.

Please visit my website at www.WeSellRockyPoint.com

or call me at US(+1) 623 255 7454 or MX cell(+521) 638 386 9595.


REAL ESTATE NEWS ROCKY POINT MEXICO


Real Estate in Rocky Point, Mexico

The rising in Job creation and employment is having a positive effect in the housing market and although the market is still bouncing on the bottom, the lower priced (Bargains) investments are becoming less frequent and more expensive.

In Rocky Point, Mexico we have seen an increase in the amount of visitors over the last year and figures indicate increased influxes of both American and Mexican Nationals. Where our market was largely fed by the residents in Arizona the bad economy has not allowed us to expand marketing to Canada, Chili, Europe and Mexico. The interest received from these countries is growing and all indications are that this will increase the future growth of Rocky Point, Mexico astronomically. Canadians have already purchased large quantities of Real Estate in Rocky Point, Mexico and the country of Netherland is one of the biggest investors in Mexico.

Rumors in Rocky Point are that the Marriot Hotels Group who owns a piece of beachfront will continue building the hotel (Foundation is complete) as soon as the Dock is completed for the passenger liners. The diving exploration has commenced for the passenger liner dock and surveys are under way with the intent of obtaining the necessary permit for the construction. With the passenger liners arriving in Rocky point, Mexico we will expect an increase of approximately 1 million visitors per year.

 

Please visit us at www.WeSellRockyPoint.com for great deals on:

Real Estate for sale -Condo’s - Rentals (Vacation and Long Term)

Or mail us at:  wesellrockypoint@gmail.com

 


REAL ESTATE NEWS ROCKY POINT MEXICO


Rental Real Estate in Rocky Point

The rental income of landlords is increasing faster as rents rise with the demand created by foreclosures and people walking away from the debt. Residential Real Estate investors are capitalizing on once in a lifetime pricing opportunities and low interest rates. It is estimated that 6 million people have moved from being owners to being renters, with most of them wanting to own again in the near future.

Greg Rand, CEO of Own America, downplays concerns over near term price declines and urges investors to take a long view of the opportunities.

“This is a long term investment,” said Rand, who differs with what he calls the “get rich quick” approach to investing.  “Rents are a steady return on your investment through the years, leaving you with an attractive asset when prices improve.  And they will.  The best profits in real estate accrue to long term investors who take a long term view.”

Rentals have grown from 4.72 to 5.17 percent year over year from 2010. An estimated 1.4 million new renters will be entering the market this year. Investors have accounted for between 20 and 40 percent of homes sales, according to surveys of Realtors by Campbell/Inside Mortgage Finance and the National Association of Realtors. There is a general prediction that the investor market share will increase next year.

Author “Crash! Boom,” Rand argues that even in the Great Depression, owning real estate was always better than not owning real estate. Holding real estate for the long term has always been a formula for success and most family wealth has been accumulated by purchasing real estate and keeping it in the family for many generations. Real estate owned and kept for a long enough time has always led to financial success. Rand said. “The stars are aligned to make this the best time in modern history to be a landlord,”

Please visit us at www.WeSellRockyPoint.com for great deals on:

Real Estate for sale -Condo’s - Rentals (Vacation and Long Term)

Or mail us at:  wesellrockypoint@gmail.com


REAL ESTATE NEWS ROCKY POINT MEXICO


Credit defaulters renting and buying again

A study in the United States has shown that 81 percent of all defaulters have been able to rent again even though their credit scores have not been as high as the landlords would have preferred. 8 percent of these defaulters have been successful in buying Real Estate.

The one factor to consider is that most of the ex homeowners want to own property again in the near future. The renters claim that they are saving approximately 30 percent while renting and will shortly be in a position to buy.

The effect of this will be increased prices and greater demand for real estate.

Good news for renters in Mexico is that their credit scores in the US does not necessary apply when they want to buy or rent in Rocky Point, Mexico.

Previous owners can now own property on the beach, while renting in the US. They might even make money through renting out their vacation property and use it when they need a break from the cares and stresses in the US.

The assets they then own in Rocky Point, Mexico can be held in a trust and will not be attachable by their creditors. This will enable them to plan for a well deserved retirement in a great location while watching their assets increase in value.

Please visit us at www.WeSellRockyPoint.com for great deals on:

Real Estate for sale -Condo’s - Rentals (Vacation and Long Term)

Or mail us at:  wesellrockypoint@gmail.com

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