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.
