Wow - what a market, what a time to buy and it is still seems Rocky Point Mexico ( also known as Puerto Penasco ) is still a secret to many but not for long. With beacutiful weather 9 months out of the year, clear skys and calm waters it will be the next Florida for all west coast residents. With 1 bedroom condos on the beach selling for under $90,000.00 in a location that is only 3.5 hours driving distance from 3 plus million people in Phoenix Arizona it is the time to know about Rocky Point.
As usual the 80/20 rule is alive and well with 20 percent buying while 80 percent wait for the masses.
We have seen 2 bedroom condos sell for over $400,000.00 in 06 now being sold for under $150,000.00 on the beach. Just amazing and if condos is not your cup of tea than how about a beach front home for sale on the beautiful beaches of Playa Encanto. We just recently sold 3 beachfront homes for under $325,000.00.
Now, do we have a hill to climb? you bet however I would also believe the glass is half full.
What an amazing time it is for Rocky Point Mexico!
For more information call RE/MAX 602-334-4359
It's a great life!