Real Estate – Baja Rental Occupancy Rates Improve

September 12, 2009 by  
Filed under Press

Baja Times – September 2009 – Jose Lopez

Poolside in Todos Santos

Poolside in Todos Santos

As Baja real estate and tourism had declined in the latter part of last year and in the first few months of 2009, we have seen tourist traffic slowly returning to our tourist corridor. “More and more people are starting to rediscover Baja… there are so many charms and amazing people, views, and much more… we are very excited” said Juan Pablo, who supervises the rentals at REMAX.

Confidence is growing as the media is starting to report early beginnings of economical recovery.

Along with this confidence, come a new group of cautious buyers that while still having their “dream hose” in mind, they approach real estate in a very different way than previous years.

Many scenarios we have seen in the current local real estate market is “should I rent before I buy”.
All though in the long-run, most of the time buying is better than renting, this is a smaller risk and gives you the opportunity to feel out the city, the people, areas of interest and the real estate market. Smaller risk and simple!

So, if you are interested in our area, but still undecided if you want to make the big purchase – why not rent before you buy? Or you can also lease-to-own. Many owners are realizing that offering this option gives them an advantage versus “cash out” sales.

There are oceanfront and ocean view properties that you can lease-to-own, where 100% or a good portion of your monthly payments go towards the purchase at the end of the rental lease.

Since the beginning of the year we have seen a huge increase on rentals with about 55% being Mexican nationals and 45% from the United States.

Most are renting ocean front condominiums or homes and the majority is looking for long term (6 months to 1 year). Still vacation rentals were considerably higher this summer versus 2008.

Hotel occupancy is starting to pick up again too. Occupancy percentages for the month of August stood at around 87% on the weekends and 65% on weekdays!

We hope to see you as our neighbor soon!

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Welcome to the website for CalyCanto, offering Todos Santos vacation rentals and information about the area. We operate a boutique community, currently consisting of 3 casitas in Todos Santos, each with ocean views, about 2.5 miles from the town center, on the way La Pastura, a world class surf break. We at CalyCanto are passionate about eco-friendly travel that provides us with succulent surfing, pristine beach combing, intimate restaurants, exotic bird watching, super special sunsets, horseback riding on the beach, local tours and activities that support the local community. We believe in causing the least harm (approaching zero) while doing business. Environmentalism, sustainability and a commitment to protecting the natural environment through activism are part of our mission as we work to continually reduce our carbon footprint. We hope you'll follow our adventure here, on Twitter and on Facebook while you enjoy your coffee (or tea) or drink a Pacifico (if you've already made it here). If the tequila gets passed around the table too much, gringos might try and spell CalyCanto like calicanto, calecanto, or cal y canto. However you spell it, you are always welcome at Calycanto Casitas. Thank you for visiting.