Market Watch · March 2026

Los Cabos
Real Estate
Report

San José del Cabo · Corredor · Cabo San Lucas

Total Sales

10 above 12-month monthly average — strongest month since mid-2024

US$99.3M

Total Volume

US$21.4M above the rolling 12-month average

US$5,311

Price per sqm

8.8% above the rolling 12-month average

Disclaimer: This study delivers a general vision of reported transactions via the Flex-MLS system, which includes a significant portion of the market but not all of it. It is not to be used as an absolute market study. Escuadra Asesores nor any of its subsidiaries or employees assume any responsibility for decisions made upon this information. This report accounts only for Houses and Condominiums sold in the San José del Cabo, Corredor San José, Corredor San Lucas and Cabo San Lucas zones per Flex-MLS definitions.

Key Findings

March 2026 Highlights

El Tezal-West leads in volume

Most units sold with 20 transactions at an average price of US$399K and US$3,137/sqm — the most active submarket this month.

Palmilla Ocean Side tops dollar volume

3 sales totaling US$21.5M with an average of US$17,549/sqm — the highest price per sqm recorded this month.

20 transactions above US$1M

A quarter of all sales surpassed the million-dollar mark, reflecting continued strength in the luxury segment.

Under-$1M condos: stable pricing

43 condo sales at US$3,720/sqm — 2% below the 12-month average, signaling relative stability in the accessible segment.

Under-$1M houses: price surge

17 house sales at US$3,034/sqm — 19% above the 12-month average (US$2,539), the sharpest monthly increase this year.

Inventory continues rising

Full market: Houses 23.0 months (+0.8) / Condos 26.5 months (+1.0). Buyer-favorable conditions persist across all segments.

Full Market Analysis

Los Cabos MLS + SJ Corridor

Market Watch — Los Cabos (MLS)

Units Sold

	12-Month	YTD	This Month
Houses	290	79	27
Condos	549	151	53
Total	839	230	80

Average Price (US$)

	12-Month	YTD	This Month
Houses	1,983,235	1,554,004	1,933,760
Condos	656,003	693,692	889,296
Total	1,114,760	989,191	1,241,803

Avg Price per sqm (US$)

	12-Month	YTD	This Month
Houses	5,412	5,092	6,014
Condos	4,601	4,678	4,953
Total	4,881	4,820	5,311

Total Volume (US$)

	12-Month	YTD	This Month
Houses	575,138,012	122,766,309	52,211,511
Condos	360,145,508	104,747,527	47,132,702
Total	935,283,520	227,513,836	99,344,213

Inventory & Days on Market

	Months	Units	Avg DOM
Houses	23.0	556	184.8
Condos	26.5	1,212	226.1
Total	25.3	—	—

Market Watch — SJ Corridor

Units Sold

	12-Month	YTD	This Month
Houses	56	13	7
Condos	57	17	9
Total	113	30	16

Average Price (US$)

	12-Month	YTD	This Month
Houses	5,481,365	4,933,038	5,263,857
Condos	1,498,528	1,898,595	2,240,666
Total	3,472,323	3,213,520	3,563,312

Avg Price per sqm (US$)

	12-Month	YTD	This Month
Houses	12,428	12,938	12,931
Condos	7,432	8,744	8,500
Total	9,908	10,561	10,439

Total Volume (US$)

	12-Month	YTD	This Month
Houses	306,956,421	64,129,500	36,847,000
Condos	85,416,076	32,276,108	20,165,991
Total	392,372,497	96,405,608	57,012,991

Inventory & Days on Market

	Months	Units	Avg DOM
Houses	19.1	89	225.7
Condos	27.6	131	298.6
Total	23.5	—	—

Trends

Price per sqm — 24 months

Los Cabos Full Market · Price per sqm (US$)

Under US$1M Market · Price per sqm (US$)

Under US$1 Million

Accessible Market Analysis

Los Cabos — Under US$1M

Units Sold

	12-Month	YTD	This Month
Houses	179	44	17
Condos	477	83	43
Total	656	127	60

Average Price (US$)

	12-Month	YTD	This Month
Houses	412,217	450,383	463,207
Condos	414,268	421,479	401,923
Total	413,708	431,493	419,287

Avg Price per sqm (US$)

	12-Month	YTD	This Month
Houses	2,539	2,837	3,034
Condos	3,809	3,934	3,720
Total	3,462	3,554	3,526

SJ Corridor — Under US$1M

Units Sold

	12-Month	YTD	This Month
Houses	4	2	0
Condos	38	10	4
Total	42	12	4

Average Price (US$)

	12-Month	YTD	This Month
Houses	490,625	616,250	N/A
Condos	632,055	687,611	716,498
Total	618,585	675,717	716,498

Avg Price per sqm (US$)

	12-Month	YTD	This Month
Houses	3,342	4,252	N/A
Condos	4,976	5,569	5,720
Total	4,820	5,349	5,720

Inventory

Market Absorption

Full Market · Houses

23.0

Months of inventory

556 active units · +0.8 vs prev. month

Full Market · Condos

26.5

Months of inventory

1,212 active units · +1.0 vs prev. month

Under US$1M · Houses

Months of inventory

291 active units

Under US$1M · Condos

Months of inventory

1,022 active units

*Inventory months = Active Listings ÷ 12-month average monthly sales · 1 sqm = 10.76 sqft

By Subdivision

Sales by Community — March 2026

Subdivision	Units	Avg Price (US$)	Price/sqm (US$)	Total Sales (US$)
Cuatrovientos	5	391,607	4,273	1,958,033
Ventanas	4	526,250	3,070	2,105,000
Tramonti Paradiso	3	442,376	3,866	1,327,128
Section 6 – Las Verandas	3	3,983,333	11,033	11,950,000
Casa Nima	2	712,500	5,022	1,425,000
Auberge Residences	2	2,265,000	8,236	4,530,000
Vista Vela III	2	307,500	2,725	615,000
Hermitage	2	745,000	3,434	1,490,000
Tortuga Bay	2	1,159,250	8,038	2,318,500
Palmilla Estates	2	3,168,500	8,532	6,337,000
Villas del Mar	1	10,700,000	22,949	10,700,000
Espíritu del Mar	1	7,300,000	20,970	7,300,000
Section 28 – Ocean Residences	1	4,250,000	17,063	4,250,000
Hacienda CSL	1	4,950,000	17,616	4,950,000
Section 10 – El Parque	1	5,150,000	12,522	5,150,000
Pedregal CSL	1	3,590,000	8,328	3,590,000
Oceano Baja	1	3,500,000	8,729	3,500,000
Villa La Estancia	1	1,750,000	6,481	1,750,000
Terrasol	1	850,000	6,091	850,000
Residencial La Jolla	1	1,200,000	2,727	1,200,000
El Encanto	1	2,700,000	9,220	2,700,000
Villas de Oro	1	1,100,000	3,459	1,100,000
The Canyon Entre Piedras	1	925,000	6,681	925,000
Palmilla Dunes	1	870,000	6,479	870,000
Section 9 – Club Villas	1	3,860,000	8,286	3,860,000
El Tezal W:General	1	640,000	2,783	640,000
El Tul-Inland:General	1	540,000	4,065	540,000
Santarena	1	530,991	5,657	530,991
Finisterra	1	575,000	2,477	575,000
Vista Vela	1	595,000	3,719	595,000
Rancho Paraíso	1	800,000	1,977	800,000
Tesoro	1	410,000	6,055	410,000
Club La Costa	1	365,000	4,500	365,000
Other subdivisions	15	—	—	~6,000,000
Total / Average	78	1,260,195	5,347	98,295,213

Los Cabos Real Estate Report

March 2026 Highlights

El Tezal-West leads in volume

Palmilla Ocean Side tops dollar volume

20 transactions above US$1M

Under-$1M condos: stable pricing

Under-$1M houses: price surge

Inventory continues rising

Los Cabos MLS + SJ Corridor

Price per sqm — 24 months

Accessible Market Analysis

Market Absorption

Sales by Community — March 2026

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