June 30, 2006

La Paz July Update

Posted in Newsletter at 7:33 pm by osmx

July Update

 

Hóla

Not a lot of tourists from the northern states as the weather warms up and hurricane season starts.  However there are lots of things that are going on in the Baja and
Mexico in general.

 

Statistics released by INEGI, the Mexico Department of Statistics, Baja California Sur is the second fastest growing state in
Mexico.  Just over 512,000 people.  The capital
La Paz now has a population of 219,596 persons.

 

There are several new golf courses scheduled to be built in the Baja, including the one on El Mogote for Paraiso del Mar in
La Paz. 
La Paz has a turf nursery that supplies special turf for golf courses, soccer fields or private homes.

 

Near the downtown area there are plans for and properties under construction for the American and Canadian market as well as the pent up demand in the Mexican market.

 

The old 11 story beach front Grand Baja hotel is being renovated and will be turned into luxury 123 one, two, and three bedroom condo units.  Most all will have a view of the bay.  Two additional towers plan to be built next to the original building.  The site will include tennis courts, swimming pools and a spa.  Prices will be from the low $200,000’s up to $400,000.  Reservations are now being taken for these units.

 

At Vista Coral(on the water front) the existing condo building will be added to by another 17 unit 5 story building called Vista Coral Marina Estates.  A few of the two bedroom 2 bath units are still available for purchase.  They have a great view of the bay and the downtown water front.  These are priced from $$374,000 to $457,000 USD.

 

At Marina Palmira there are condos for persons that have a boat and want to live on the water front. 2 bedroom, 2 bath units of 1,281 sq ft to 1,636 sq ft.  Priced at $300,000 to $420,000 USD.  3 bedroom 3 bath penthouse, 2,938 sq ft. $1,000,000 USD.

 

At the La Concha Resort are plans for the La Concha Pearl luxury condominium in a new 7 story 34 units on the beach.  The luxury units will be studios, one, two, and three bedrooms plus luxury penthouses from 3,800 to 5,000 square feet.

 

North of La Concha on the beach is another development called Playa de La Paz.  A 60 unit luxury condo project with one, two and three bedroom units.  Square footage runs from 2,100 to 4,500 square foot penthouse unit.  Construction time about two years.  Prices start at about $700,000 USD.

 

These are just some of the things happening in
La Paz at this time.  Lots of other smaller gated areas from $125,000 to $279,000 in the planning stages or already under construction.

 

We have financing available for homes throughout
Mexico for foreign and Mexican buyers.  Mortgages provided by Conficasa International.

 

Enjoy the July 4th holiday and your summer

 

Regards

Gordon

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