Covid-19 and Property Values

All of us Licensed Agents in the Rocky Point Real Estate community are being asked about the affect Covid-19 will have on property values here.

Mitigation Measures Taken Early

Fortunately, the Governor of our State of Sonora, and the Mayor of Puerto Penasco have been very proactive in imposing measures to protect the population of Rocky Point against the spread of the virus.  So far, those measures have been very effective.  Only 4 confirmed cases and 1 death.  We are now in Phase I of a 3 Phase reopening, with most of us still staying at home and restricted to essential trips to the grocery store.  Visitors have not been allowed into the community since the beginning of the outbreak.

Hopefully, if all goes well, visitors will begin returning in mid June.  There will probably still be some restrictions – social distancing, maybe face masks – as there are in US states.

We Need Our Tourists

The big question is how many tourists will return.  That may not be known until perhaps July 4th, or even Labor Day, our big summer tourist holidays.

In the meantime, the good news is that while sales have slowed as a result of no visitors coming to Rocky Point, there have not been any significant price/value reductions.

Those of us who love living in Rocky Point can’t imagine that other fans of our beautiful beach town won’t come back!

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