San Carlos, Sonora, Mexico Forums Home 

San Carlos Mexico Forum
Welcome to our forum. In order to post in our forums you must be registered. Please take a minute to register to enjoy the full benefits of the forum. Registration is FREE and your information is kept private. When registering, please make sure your email address is entered correctly-if incorrect, you will not receive your validation message. Please do not use your email address as your user name for your own privacy and security. Gmail account users should check spam or trash folders for our validation message after initial registration. We also suggest you add host@sancarlosmexico.com to your white list.

This message board requires you to register in order to post new topics, reply to topics started by other users, start polls, or vote on polls. As a registered user, you can edit your own posts, upload photos and view our photo gallery, and send private messages to other members of the board. Registered users can keep track of the topics they are interested in, and receive e-mail notifications when someone posts to one of those topics. Registered users can choose a theme and setup a profile, to include hometown, email & web address and avatar if desired.
We do ask that you post in the appropriate forum-look over the subjects and topics of all forums including the mercado section before making your first post. Posts in the wrong forum or not related to San Carlos may be moved or deleted without notice.
Please take a moment and register to enjoy all the benefits of the forum.
Bienvenidos!

 Moderated by: bartmanaz Page:  First Page Previous Page  1  2  3  4  5  Next Page Last Page  
New Topic Reply Printer Friendly
Selling house  Rate Topic 
AuthorPost
 Posted: Mon Nov 18th, 2019 01:22 pm
  PM Quote Reply
61st Post
frankie
Member


Joined: Fri Sep 1st, 2017
Location:  
Posts: 1277
Status: 
Offline
Mana: 
frankie wrote; for approximately 4 years the market up to about $150,000. has been fair, anything on the beach selling at asking prices, and many many times over a million!


so then you have the market OVER $150,000 NOT ON THE BEACH! THAT MARKET HAS BEEN STAGNATE FOR NEARLY A DECADE! many quality beautiful homes, many in gated communities! ALL ON THE MARKET FOR YEARS!!!


also in these last 4 years the demographics has drastically changed, now the predominate buyers are Mexican citizens!



the forecast for the coming real estate  market, IMHO is bleak!!!!!
there are to many negative factors that need to be resolved before San Carlos returns to a vibrate pre 2008 market!



hook, i am standing by this previous post! 
i believe most but not all the "cycle" resales you refer to are in this fair market!
i would venture to say most of the new development housing west of the bahia are over $200,000.



Back To Top PM Quote Reply  

 Posted: Mon Nov 18th, 2019 01:52 pm
  PM Quote Reply
62nd Post
will rogers
Member
 

Joined: Mon Oct 31st, 2005
Location:  
Posts: 386
Status: 
Offline
Mana: 
Hello Tammi, or any real estate agent. Please give us a state of the state of the real estate market in San Carlos.

Back To Top PM Quote Reply

 Posted: Mon Nov 18th, 2019 01:57 pm
  PM Quote Reply
63rd Post
StuAz
Member
 

Joined: Fri Aug 31st, 2007
Location:  
Posts: 30
Status: 
Offline
Mana: 

For the past couple years, MLS SFR # of sales has been about flat.


The sweet spot pricing is $200-$250k regardless of area.


The high end $400k and up is very, very slow bordering on dead.


There are far too any realtors for the # of MLS transactions.




Back To Top PM Quote Reply  

 Posted: Mon Nov 18th, 2019 01:59 pm
  PM Quote Reply
64th Post
frankie
Member


Joined: Fri Sep 1st, 2017
Location:  
Posts: 1277
Status: 
Offline
Mana: 
frankie wrote: maybe some one can chime in how many homes from $200,000 to $800,000 have sold in the last 2 years?? there are a lot of them on the market!






will, i basically asked the same question! i would really like to know what has sold over $200,000 / $800,000 NOT ON THE BEACH!!!

Back To Top PM Quote Reply

 Posted: Mon Nov 18th, 2019 02:03 pm
  PM Quote Reply
65th Post
frankie
Member


Joined: Fri Sep 1st, 2017
Location:  
Posts: 1277
Status: 
Offline
Mana: 
StuAz wrote:
For the past couple years, MLS SFR # of sales has been about flat.


The sweet spot pricing is $200-$250k regardless of area.


The high end $400k and up is very, very slow bordering on dead.


There are far too any realtors for the # of MLS transactions.






HAH!!! thank you stu! bordering on DEAD and what i describe as STAGNATE, pretty much mean the same!
what do you have justifying the sweet spot from $200/ $250K ????? 

Last edited on Mon Nov 18th, 2019 02:05 pm by frankie

Back To Top PM Quote Reply  

 Posted: Mon Nov 18th, 2019 02:08 pm
  PM Quote Reply
66th Post
StuAz
Member
 

Joined: Fri Aug 31st, 2007
Location:  
Posts: 30
Status: 
Offline
Mana: 

"what do you have justifying the sweet spot from $200/ $250K ????? "


I receive a copy of the MLS sales every month.


It breaks down SFR,condo and lot sales by # sold and price.


I think most realtors would agree with our view of pricing and high end.

Back To Top PM Quote Reply

 Posted: Mon Nov 18th, 2019 03:28 pm
  PM Quote Reply
67th Post
TrueBlue
Member
 

Joined: Tue Oct 7th, 2014
Location:  
Posts: 247
Status: 
Offline
Mana: 
Remax puts out a monthly (quarterly?) newsletter which summarizes sales. Here is a copy and paste along with a link to the actual data from their October newsletter. I am only mentioning Remax because I feel I should credit them as the source. I should also disclose that they were our rental managers and real estate agent.

Real Estate Update:

The third quarter of the year is behind us and we find that the Real Estate market in San Carlos remains similar to 2018. In this month's updated statistics we found two properties that had not been entered into the MLS in the month of closing so these have been added to the correct month and the figures adjusted.

The total number of sales year to date is precisely the same as this time last year. The dollar value of lot sales continue to drive the numbers. Click on the link to see year over year sales.

September 2019 Year to date sales in San Carlos: http://r20.rs6.net/tn.jsp?f=0017DudTa_a1yWQJ55k7Hd_d-P4HN7AbPfoK8hA-KA03HXdN4xeHyJvdx59wpS6kyiPoad1DJ32FV4dl3CgS4Y5KgAhRs3QXVzt77spJvfrL_1J4OCOmMCfNxSwBOaIRgb_zhC2yn_hrIljhojNj_INlKSEGRPxo1o_cHKT2zo1Ug1A_Cur0Hz7HqQp3OGRujJl4Wo_dnZzODaFI8ukUYbZGOu11fTQS1g3ti70wDbmK0B9fhx5ZK9ewEOJfaMEy33F&c=ZROqdlup8baEaFmvPfjHViYJNbr7GRJ-UImsvtjjPNtQI76o97IARQ==&ch=aVlB3KTBsgj45_8bIiTK_qSP2RMiiT8p4AsjQ0t2Dwp5H_xkwOiovA==

In addition to the closed sales there are 4 homes, 3 condos and 1 lot under contract and expected to close in the coming months. Note that we have not included the one month time share to sell at Pilar.

Last edited on Mon Nov 18th, 2019 03:29 pm by TrueBlue

Back To Top PM Quote Reply  

 Posted: Mon Nov 18th, 2019 04:01 pm
  PM Quote Reply
68th Post
frankie
Member


Joined: Fri Sep 1st, 2017
Location:  
Posts: 1277
Status: 
Offline
Mana: 
TrueBlue wrote:
The dollar value of lot sales continue to drive the numbers. Click on the link to see year over year sales.


TB, thank you! so lot sales are driving the numbers! consumers are purchasing lots to build in favor of purchasing resales!
i know for a fact that of the total real estate sales in 2018/2019, several were million dollar homes on the beach! take those high end numbers off the total and the number isn't that impressive!
which leaves us to the topic of the thread!
i just did a search on "google" "what is a stable housing appreciation rate" of course it was reporting general sales in the USA, but "ZILLOW" is reporting a 3/5% appreciation annually!
that is the problem here, we should be having an appreciation of value in our homes!
3/5% IMHO is excessive and i have conservatively posted a 1% appreciation rate! 
many homes bought and sold since the turn of the century, where purchased by acquiring 2nd or equity loans on existing their primary homes NOB!
that may be the major problem for sales between $150,000 to 800,000. usd, the easy availability of financing moneys!

Last edited on Mon Nov 18th, 2019 08:19 pm by frankie

Back To Top PM Quote Reply

 Posted: Mon Nov 18th, 2019 08:09 pm
  PM Quote Reply
69th Post
Bullshipper
Member
 

Joined: Thu Aug 23rd, 2012
Location:  
Posts: 2705
Status: 
Offline
Mana: 
I have a different take on this.


Sales in all the resorts in Mexico by US buyers were up in 2000-2008 because people had money to spend. The rise in USA home prices along with low interest rates used to stimulate the economy in the Bush years allowed a lot of people to refinance their homes to get cash to buy second vacation homes.
Once that bubble burst in 2008, everyone was upside down and the foreclosure and selling spree ensued up North and down south. 
I really don't think that out of work contractors were overbidding work they were desperate to find and land with so much excess inventory around and that developers sitting on lots paying interest were not overcharging either, imo.
Since 2010, prices have recovered in the states, but I think there is still an excess on inventory here in Mexico as buyers are more gun shy and less affluent than they were 10 years ago. 

Back To Top PM Quote Reply  

 Posted: Mon Nov 18th, 2019 08:12 pm
  PM Quote Reply
70th Post
Bullshipper
Member
 

Joined: Thu Aug 23rd, 2012
Location:  
Posts: 2705
Status: 
Offline
Mana: 
I would say you need to be around $150k or less if you want to move small homes that are not on the beach in this market, and even less than that in Ranchitos.

Back To Top PM Quote Reply

 Posted: Mon Nov 18th, 2019 08:16 pm
  PM Quote Reply
71st Post
frankie
Member


Joined: Fri Sep 1st, 2017
Location:  
Posts: 1277
Status: 
Offline
Mana: 
Bullshipper wrote: I have a different take on this.


bullshipper, there are now at least 3 of us beating the same drum!
the strongest description of us;
 not really "pessimists"
 not really "optimists" 
but for damn sure "realists"!!!!!!!!!!!!!!!!

Back To Top PM Quote Reply  

 Posted: Mon Nov 18th, 2019 08:27 pm
  PM Quote Reply
72nd Post
will rogers
Member
 

Joined: Mon Oct 31st, 2005
Location:  
Posts: 386
Status: 
Offline
Mana: 
Yes, but who's on first?

Back To Top PM Quote Reply

 Posted: Mon Nov 18th, 2019 08:31 pm
  PM Quote Reply
73rd Post
frankie
Member


Joined: Fri Sep 1st, 2017
Location:  
Posts: 1277
Status: 
Offline
Mana: 
WHO!!


P.S. EVERY ONE KNOWS "WHATS ON 2ND" AND "IDON'TKNOW" ON 3RD!

Last edited on Mon Nov 18th, 2019 08:40 pm by frankie

Back To Top PM Quote Reply  

 Posted: Mon Nov 18th, 2019 09:25 pm
  PM Quote Reply
74th Post
lasninas
Member
 

Joined: Fri Dec 5th, 2008
Location:  
Posts: 378
Status: 
Offline
Mana: 
Not sure that comparing the RE market here to the US is valid. The fact that you cannot get a mortgage for a home in SC makes a huge difference. If you could get a mortgage here you would see the prices spike imho.

Back To Top PM Quote Reply

 Posted: Mon Nov 18th, 2019 09:32 pm
  PM Quote Reply
75th Post
frankie
Member


Joined: Fri Sep 1st, 2017
Location:  
Posts: 1277
Status: 
Offline
Mana: 
frankie wrote: NO EASY OBTAINABLE FINANCING for home investment!


OMG, now a 4th drummer?
i have made the same observation on several posts, thanks lasninas!!!!!!!!!!!!!!

Back To Top PM Quote Reply  

 Posted: Mon Nov 18th, 2019 11:51 pm
  PM Quote Reply
76th Post
nice guy
Member
 

Joined: Mon Jun 25th, 2007
Location:  
Posts: 963
Status: 
Offline
Mana: 
This thread seems to have lost sight of reality. I live here because I came here accidentally - and liked it and built a house - in 2002. I had just sold an above avg tract home in Lag Bch for 800K appreciation. You think I built a stupid house like so many that remain unsold here. No - I retired at 53. 

Back To Top PM Quote Reply

 Posted: Tue Nov 19th, 2019 12:22 am
  PM Quote Reply
77th Post
Bullshipper
Member
 

Joined: Thu Aug 23rd, 2012
Location:  
Posts: 2705
Status: 
Offline
Mana: 
Mexican buyers can get home financing here but they pay about 12% a year if not subsidized.
And USA buyers can take seconds on their USA homes to finance homes here too.

I think the RE market is quite healthy here and there at present with record low interest rates and record stock prices. If you can't sell easily now, you are overpriced or in an area with no water.

Back To Top PM Quote Reply  

 Posted: Tue Nov 19th, 2019 12:47 am
  PM Quote Reply
78th Post
StuAz
Member
 

Joined: Fri Aug 31st, 2007
Location:  
Posts: 30
Status: 
Offline
Mana: 

Only 49 SFR houses have sold YTD thru Sept.


That means it is not all about pricing.


It is about demand for housing in the market.


49 includes  MLS listings in SC and Guaymas.

Back To Top PM Quote Reply

 Posted: Tue Nov 19th, 2019 01:24 am
  PM Quote Reply
79th Post
TrueBlue
Member
 

Joined: Tue Oct 7th, 2014
Location:  
Posts: 247
Status: 
Offline
Mana: 
I believe the stats I posted apply only to San Carlos and do not include Guaymas.

Back To Top PM Quote Reply  

 Posted: Tue Nov 19th, 2019 01:34 am
  PM Quote Reply
80th Post
StuAz
Member
 

Joined: Fri Aug 31st, 2007
Location:  
Posts: 30
Status: 
Offline
Mana: 

The local MLS includes Guaymas as to listings and sales.


The bulk of listings and sales are SC but not all.


I would add that many who want to sell have quit trying or know the market is so weak for their type property than listing it makes no sense.


I would rather post + info as to the market conditions however that isnt the way it is




Back To Top PM Quote Reply

Current time is 03:01 am Page:  First Page Previous Page  1  2  3  4  5  Next Page Last Page    
San Carlos, Sonora, Mexico Forums > Topical Forums > San Carlos Forum > Selling house Top




UltraBB 1.172 Copyright © 2007-2014 Data 1 Systems