Mexico Resort Properties

St. James Gate is a Development and Market Services company located in Puerto Penasco, Sonora, Mexico.

Look for the introduction article on our website; www.stjamesgate.ws or in the March Rocky Point Times newspaper.

St. James Gate, Development and Market Services company was founded with the intent of providing premier sophisticated real estate development and market services.  

 The development services can take an investor from the initial project idea, land selection through to delivering of the titles to unit owners and the delivery of Home Owner's Operations to its Associations (HOA).  The development services can of course also be provided in smaller service packages, or just a specific service to fill in any requirements a developer needs in this market like project set up, project management, construction, lisencing, or legal structures. 

 The market services includes; providing market analysis helping the investors make better decisions, investment services; financial services;  real estate and corporate legal services. We take an investor / buyer from the initial interest in a property through to title of their property; we provide business consulting to make the best return for their investment.

Wayne Corcoran

Yesterday I had the privilege of working with Lannette Phipps from the Rocky Point Times Newspaper in covering the award ceremonies for this prestigious event. I was networking on behalf of AMPI (Association of Mexico Real Estate Professionals) in promoting tourism for our community.  In light of the news releases and university warning against coming to Mexico I wanted to hear from these university golfers how they felt coming to Mexico. To a person they were very happy to have come here, they felt safe as they enjoyed the golfing, the hospitality and our beautiful beaches.  Several told me they will be telling their friends to come and enjoy the beaches, to take safety precauctions but they believe this area is a lot safer than being reported. 

Puerto Peñasco is not like the border cities that are in the middle of fighting the drug cartels, the border crossing is Sonoyta is a small town with a very low crime rate, the highway to Puerto Peñasco is heavily patrolled even though there has not been a history of trouble on the highway. The city of Puerto Peñasco is a quiet fishing and tourism location with the whole community protecting it's most valuable resource, you the visitors.  in 2008 2.6 million visitors made their way by car to this area that has a population less than 100,000 of mostly Mexican, American, and Canadians. 

Now that you feel safe, lets talk about the golf, there were 90 golfers from 22 countries represented and every golfer I talked to really enjoyed their visit to Puerto Peñasco (Rocky Point).  A common remark was how beautiful and challenging the golf course was, how well the people were treating them and how they want to come back.  A few records were established during this tournament, not only the first hole in one but two holes in one, a new course low round of 67 (come try to beat that here at the Mayan golf course), and this was the first time the Arizona Wildcat tournament was ever held outside of the US and obviously the first time here in Mexico.  Interesting a Mexican gal won the tournament.   

Wayne Corcoran
www.stjamesgate.ws

When you look at how much the Puerto Peñasco (Rocky Point), Mexico market has been impacted by the U.S. and world financial crisis, it might be surprising to learn that the number of total sales decreased only 11.70% from 2007 to 2008 - much less the 30% decrease Arizona experienced.

The volume of real estate resales in USD decreased 23.30% equalling a very healthy price adjustment for the region and the median sales price of 2008 decreased 9.50% compared with 2007.But remember these numbers are for the resale sector not the new condo market, which was hit much harder. For more information on our 2008 Puerto Peñasco Market Analysis, please read the February edition of the Rocky Point Times Newspaper or visit our website at www.stjamesgate.ws for a copy of the complete Market Analysis.