There is now a buyer’s market in Mexico beach front real estate because various factors have reduced both the demand and prices for property in areas like Puerto Penasco.
Many property owners are now so desperate to sell that they are now willing to reduce down payments and carry the notes on beach front properties. That’s right sellers are willing to carry notes on beach houses. Some sellers have even reduced the price on homes to as low as $40,000.
Best of all much of this beach front property is within easy driving distance or a short flight from some of the fastest growing areas in the United States. Puerto Penasco is only a three to five hour drive from Phoenix and Tucson. It’s only a five hour drive from San Diego on a new coastal highway. This means that millions of people who have been priced out of beach front property in California are within driving distance of Rocky Point.
The region also has a new international airport so it could soon be possible fly to Rocky Point from cities such as Los Angeles, Phoenix, Denver, San Diego and Dallas within a couple of hours. That will enable hundreds of thousands of Americans to fly to second homes in Puerto Penasco easily.
Rocky Pointe Real Estate Boom Coming
All of these factors indicate that the Rocky Pointe real estate market is going to boom when the American economy and the Mexican real estate market recover. Prices for houses in Mexico are going to skyrocket when people realize that they can own a beautiful beach front home within an hour’s drive of the US border.
Millions of Americans are going to be reaching retirement age in the coming decades and many of them will want beachfront property. With beach property in places like California selling at astronomical prices these people will be looking to Mexico and areas like Puerto Pensaco.
Persons who invest in Puerto Penasco condos, homes, and other real estate now will be able to cash in on this coming boom. With property selling at low prices and buyers willing to carry notes now is the time to buy Mexican beachfront real estate.