2023 MARKET SNAPSHOT, END OF Q3

ESPIRITU 71, ESPIRITU DEL MAR

ENGEL & VÖLKERS SNELL REAL ESTATE

Copyright 2023 © by Engel & Völkers Snell Real Estate.

All rights reserved. No part of this publication may be reproduced or adapted in any manner. Data and marketing subject to change.

2023 MARKET SNAPSHOT END OF Q3, 2023 LOS CABOS, MEXICO

snellrealestate.com In Los Cabos (624) 105-8100 | Toll Free 1-866-650-5845 info@snellrealestate.com

Contents In the pages that follow, we´ve prepared a brief market snapshot detailing information from Q1, Q2 and Q3 of 2023. Data is based on MLS sales in Mexico´s Baja California Sur market. The report combines market data with insight and perspective into long-term property and lifestyle investment in Los Cabos, Mexico. We invite you to experience an extraordinary way of life.

2023 MARKET SNAPSHOT

4

LOS CABOS — THE FIRST CHOICE FOR INVESTMENT

12

HIGHLIGHTS BY DEVELOPMENTS

14

IN THE KNOW ON THE DESTINATION

22

2023 AWARD WINNING

24

FEATURED SALES

26

2023 MARKET SNAPSHOT Single-Family Homes

Q1 2023

Q2 2023

ACTIVE INVENTORY + LISTING VALUE

593 / $1,145M

634 / $1,16

NEW LISTINGS

397 / $597M

389 / $477

UNDER CONTRACT (includes contingent + pending)

229 / $277M

178 / $219

MEDIAN LISTING PRICE

$733k

$725k

MEDIAN SOLD PRICE

$349k

$694k

$436 USD

$425 USD

214

216

163 / $194M

188 / $233

AVERAGE SOLD PRICE PER AC SQ.FT. AVERAGE MARKET TIME CLOSED SALES

*PERCENTAGES SHOWN COMPARE UNITS & VOLUME OF Q2 TO Q3 OF 2023; DATA IS BASED ON MLS SALES IN ME

6 4

3

Q3 2023

+/- Q2 & Q3*

61M

617 / $1,125M

-2.7% / -3.1%

7M

236 / $342M

-39.3% / -28.3%

9M

120 / $106M

-32.6% / -51.6%

$700k

-3.4%

$524k

-24.5%

$374 USD

-12.0%

238

-10.2%

159 / $153M

-15.4% / -34.3%

D

3M

EXICO’S BAJA CALIFORNIA SUR MARKET

CASITA 700, VILLAS DEL MAR 7 5

Condominiums

Q1 2023

Q2 2023

ACTIVE INVENTORY + LISTING VALUE

798 / $541M

912 / $672

NEW LISTINGS

492 / $304M

590 / $404

UNDER CONTRACT (includes contingent + pending)

361 / $217M

301 / $191

MEDIAN LISTING PRICE

$439k

$448k

MEDIAN SOLD PRICE

$350k

$432k

AVERAGE SOLD PRICE PER AC SQ.FT.

$403 USD

$371 USD

AVERAGE MARKET TIME

335 days

263 days

366 / $284M

225 / $144

CLOSED SALES

*PERCENTAGES SHOWN COMPARE UNITS & VOLUME OF Q2 TO Q3 OF 2023; DATA IS BASED ON MLS SALES IN ME

6

3

Q3 2023

+/- Q2 & Q3*

2M

920 / $678M

+0.8% / +0.9%

4M

376 / $254M

-36.2% / -37.3%

1M

268 / $174M

-11.0% / -9.0%

$439k

-1.9%

$533k

+23.3%

D

$451 USD

+21.6%

s

268 days

+1.9%

4M

249 / $193M

+10.7% / +34.1%

EXICO’S BAJA CALIFORNIA SUR MARKET

QUERENCIA PH C 501, 502 7

Developer Opportunities/Land

Q1 2023

Q2 2023

1,018 / $1,353M

1,000 / $1,18

NEW LISTINGS

414 / $417M

388 / $339

UNDER CONTRACT (includes contingent + pending)

214 / $103M

205 / $117

MEDIAN LISTING PRICE

$229k

$250k

MEDIAN SOLD PRICE

$91k

$160k

AVERAGE SOLD PRICE PER SQM

$181 USD

$248 USD

AVERAGE MARKET TIME

293 days

300 days

CLOSED SALES

157 / $42M

174 / $82M

ACTIVE INVENTORY + LISTING VALUE

*PERCENTAGES SHOWN COMPARE UNITS & VOLUME OF Q2 TO Q3 OF 2023; DATA IS BASED ON MLS SALES IN ME

6 8

Q3 2023

+/- Q2 & Q3*

87M

1,005 / $1,233M

+0.5% / +3.9%

9M

387 / $424M

0% / +25.0%

7M

138 / $60M

-32.6% / -48.7%

$244k

-2.4%

$141k

-11.9%

D

$160 USD

-35.5%

s

309 days

+3.0%

M

157 / $63M

-9.8% / -23.2%

3

EXICO’S BAJA CALIFORNIA SUR MARKET

PIEDRAS PRIMERAS, NORTHERN EAST CAPE 7 9

Commercial

Q1 2023

Q2 2023

ACTIVE INVENTORY + LISTING VALUE

70 / $53M

69 / $56M

NEW LISTINGS

65 / $74M

11 / $9M

UNDER CONTRACT (includes contingent + pending)

18 / $13M

7 / $1.5M

MEDIAN LISTING PRICE

$179k

$223k

MEDIAN SOLD PRICE

$78k

$399k

$423 USD

$240 USD

173

152

13 / $3M

8 / $1.5M

AVERAGE SOLD PRICE PER AC SQ.FT. AVERAGE MARKET TIME CLOSED SALES

*PERCENTAGES SHOWN COMPARE UNITS & VOLUME OF Q2 TO Q3 OF 2023; DATA IS BASED ON MLS SALES IN ME

6 10

3

Q3 2023

+/- Q2 & Q3*

M

65 / $43M

-5.8% / -23.2%

M

21 / $16M

+90% / +77.8%

M

10 / $3.7M

+42.9% / +146%

$349k

+56.5%

$217k

-45.6%

$280 USD

+16.7%

201

+32.2%

12 / $1.6M

+50%/+6.7%

D

M

EXICO’S BAJA CALIFORNIA SUR MARKET

COMMERCIAL BUILDING CABO 7 11

LOS CABOS — THE FIRST CHOICE FOR INVESTMENT

Purchasing in Los Cabos, Mexico makes for a truly incredible buying opportunity. Buyers are drawn to Los Cabos for ease of travel, comfortable temperatures, exquisite beaches, recreational activities, the finest in amenities, arts and culture, philanthropy, and value for money representation in terms of second and third home markets. It’s the travel and leisure worlds, media and celebrities, confident investors, and people of high net worth from the USA, Canada, Mexico, Europe, Russia, Asia and Australia who continue to place Los Cabos as their first choice for investment.

12

EXPERIENCE LIFE BY THE OCEAN 13

Highlights

By Developments Exclusively represented by Engel & Völkers Snell Real Estate

SOLD OUT

4 RESALES NOW SELLING (2- and 3-bedroom options)

The Residences at Las Ventanas Al Paraiso, A Rosewood Resort For 24 years, Las Ventanas al Paraíso has expertly blended the very best of Mexico presenting extraordinary places of residence in company with first-class personalized Rosewood services. For those who expect unmatched luxury with perfection, there simply is no better place to call home than The Residences at Las Ventanas al Paraíso. #OwnYourKeyToParadise.

• 30 Residences now sold out • Signature, Pool, Penthouse Residences • 4 RESALES AVAILABLE (Penthouse Residence 6501, Signature Residence 5402, 3101 and 1103) • Starting at $2,450,000 USD • Location: Corridor View listings at The Residences at Las Ventanas al Paraíso. lasventanas@snellrealestate.com 14

ONLY 1 RESIDENCE REMAINS Waldorf Astoria Residences, Los Cabos Pedregal Each ready-to-move-in luxury private home encompasses custom designed living spaces, private terraces, an infinity plunge pool, stunning architectural features, the very finest of furnishings and picture-perfect ocean, marina and city views. Endless benefits to ownership.

• 7 luxury hillside private homes • Starting at $2.75M • 3 bedrooms • Over 5,580 square feet of luxurious indoor-outdoor Cabo living • Iconic 24-acre site • Location: Pedregal View listings at Waldorf Astoria Residences, Los Cabos Pedregal. waldorf@snellrealestate.com

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The Paraiso Residences Located in the heart of the Cabo San Lucas marina, The Paraíso Residences brings urban luxury living to the foreground. Connected to the famed Luxury Avenue Shopping Mall, this vibrant residential community of private residences and vacation properties delivers architectural sophistication and sleek elegance with one-of-a-kind exquisite marina views. Experience Cabo´s hottest address.

• 16 RESIDENCES REMAIN from the initial 58 Bliss Residences Phase I • Starting at $720,000 USD up to $1,680,000 USD • 2 - 4 bedrooms • Location: Cabo San Lucas marina • By the developers FREL View listings at The Paraíso Residences. paraiso@snellrealestate.com

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ONLY 2 UNITS REMAIN The Break at El Arenal The Break at El Arenal introduces 13 remarkable residences each with privileged 220° Sea of Cortez views that overlook the entire bay of San Jose del Cabo. Located on the iconic Costa Azul cliffside, the two- and three-bedroom residences present a turnkey option with amenities including rooftop terraces, pool and bar with lounging area, and a wellness room. In seamless harmony with the surrounding Baja mountains and ocean, homeowners and guests are set to experience a landscape of breathtaking natural beauty.

• Turn-key options starting at $959,000 USD • Appliances and furniture packages available • 2-3 bedrooms • Location: San Jose del Cabo • Designed by renowned Mexican architect Javier Sánchez View listings at The Break at El Arenal. thebreak@snellrealestate.com

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ONLY 2 RESIDENCES REMAIN Cabo Mare Cabo Mare is a coastal community that magically merges modern architecture with the organic soulfulness of the earth. Combining contemporary influences, timeless aesthetics and breathtaking panoramic views, these ocean view residences and villas are a true reflection of all things Cabo.

Each three- and four-bedroom residence offers up to 4,908 sq.ft of pure luxury living.

• Pre-construction houses • Starting from $1,750,000 USD • Model unit ready • Location: Rancho Cerro Colorado • By Californian developer and architecture Kom Studio View listings at Cabo Mare. cabomare@snellrealestate.com

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La Mar A modern lifestyle village inspired by nature and the rhythms of the ocean. Offering a limited collection of villas, La Mar merges thoughtful design, upscale amenities and dramatic views.

• 7 properties • Turn-key available • 3-4 bedrooms • Unforgettable sea, mountain and city vistas • On-site amenities • Appealing investment opportunity with excellent rental potential • Starting from $575,000 USD | $10,700,750 MXN* • Location: El Tezal, Cabo San Lucas View listings at La Mar lamar@snellrealestate.com

27 19

Tamarindos Tierra Viva Wellness Villas Nestled in the pristine heart of San Jose del Cabo, find Tamarindos Tierra Viva. This eco-minded community boasts a limited collection of Tamarindos Wellness Villas promising homeowners optimum comfort, privacy and a sense of sanctuary. Built around the thriving self-sustainable destination of Los Tamarindos, this master-planned holistic project brings new meaning to Los Cabos luxury living combining a farm-to-table culture, high-end amenities and the most tranquil of settings.

• 160m² air-conditioned 2-bedroom villas epitomizing well-being and luxury • Pre-construction villas • Offering unparalleled value for those seeking a serene oasis in Los Cabos • An array of unmatched amenities • Location: San Jose del Cabo • Official launch end of November, 2023 • By Chef Enrique Silva, Michel Rojkind, Alvarez Tello, ASPJ, Hugo Vargas, Nacho Cadena

Listings coming soon. tamarindos@snellrealestate.com

20

What You Call Paradise, We Call Home

21

In The Know On The Destination • In July 2023, nearly 347,000 passengers arrived to the Los Cabos airport, representing a growth of 9.3% compared to 2022 • Travelers on international flights represent nearly 60% of total passengers

• Remainder of 2023: 1.2 million seats are scheduled from the U.S; 88.2 thousand from Canada; and 1 million from domestic fligh

• 2023-2024 upcoming new hotels: Grand Velas Boutique hotel (November 2023); the second Four Seasons hotel (February 2024 Park Hyatt (June 2024); Soho House (July 2024); St. Regis Los Cabos (July 2024); Aman Hotel (end of 2024) Source: The Los Cabos Tourism Board

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FOUR SEASONS VILLA “O,” COSTA PALMAS 23

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2023 Award-Winning • Best Luxury Real Estate Agency in Mexico 2023; Luxury Lifestyle Awards • Best Real Estate Brokerage in Mexico 2023-2024; International Property Awards; six years running • Best Luxury Real Estate Firm 2023 – Mexico; Corporate Excellence Awards • Female Executive of the Year 2023, Vanessa Fukunaga; Titan, Women in Business Awards • TOP 100 Real Estate Brokers & Developers of the World 2023; Luxury Lifestyle Awards (currently shortlisted) • 2023 Outstanding Property Award, Villa Love & Peace; Opal Awards (currently shortlisted) • Transaction Of The Year 2023; GRI Awards Mexico (nominee) • Best Overall Company Marketing; Luxury Real Estate (nominee) We are thrilled to once again be distinguished as among the best property professionals from across the globe. These high-level international accolades further recognize our value in the luxury real estate sector and the relevance of continuing to do business at the highest level.

Achieving overall excellence takes an expert team who are passionate about their every move and we are proud to be leading the way with competence, market expertise and notable service.

TAKE A CLOSER LOOK 25

Current Featured Listings Below, please find a collection of some of our signature listings available for purchase. For a complete list of exclusive real estate opportunities, visit us online at snellrealestate.com

Four Seasons Villa “O” $45M | $837,450,000 MXN

Punta el Encuentro $22.44M | $417,548,364 MXN

Villa Love & Peace $19.85M | $369,408,500 MXN

Espiritu 71 $17.35M | $322,883,500 MXN

Querencia PH C 501, 502 $10.95M | $203,779,500 MXN

Cabo Colorado Estate #1 $9.99M | $186,099,981 MXN

Las Ventanas Penthouse Residence 6501 $9.95M | $185,169,500 MXN

Oceanfront Development Lot $6.589M | $122,621,290 MXN

Values shown reflect the listing price of each property.

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Piedras Primeras $75M | $1,395,750,000 MXN

Casita 700 $5.8M | $107,938,000 MXN

Casa Ocho Nueve $5.895M | $111,380,850 MXN

Casa Colina 22 $5.288M | $98,424,568 MXN

Casa Las Glorias $4.9M | $91,189,000 MXN

Casa White $4.8M | $89,328,000 MXN

The Eagles Nest $4.8M | $89,328,000 MXN

Ritz North Enclave 201 $4.2M | $78,162,000 MXN

Casa Flip Flop $3.985M | $74,160,850 MXN

Casa Manzana $3.595M | $66,902,950 MXN N

TOUR AND LEARN MORE

Visit us online at snellrealestate.com In Los Cabos (624) 105-8100 | Toll Free 1-866-650-5845

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After 25 years and nearly $3.3B in sales since inception, Engel &Völkers Snell Real Estate continues to innovatively bring Los Cabos to the world. Our extensive market knowledge combined with a drive for excellence makes us the #1 top-producing brokerage in the Baja California Sur. As we continue to monitor current trends and prioritize a market specialization that resonates with the dynamics of buyers and sellers — we keep our finger on the pulse. Thinking beyond the traditional market practices, we are leading the charge forward into the future and revolutionizing the way luxury real estate is sold. ...

snellrealestate.com In Los Cabos (624) 105-8100 | Toll Free 1-866-650-5845 info@snellrealestate.com