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Rocky Point (Puerto Penasco): News Archives

Interested in reading old articles about Puerto Penasco? You are welcome to read our news archives

Archive for August, 2006

Here's a snippet from 'Mexican resort areas boom in soft real estate market', a reprint from the LA Times:
Real estate experts in Mexico worry that the giant sound they hear is the softening U.S. housing market sucking money Americans have poured into vacation homes south of the border.

But neither the cooling American housing market nor tense Mexican presidential politics so far has stemmed the influx of foreign dollars into Mexico's booming coastal resort areas, government and real estate officials said.

When FONATUR, Mexico's tourism development agency, put the first phase of its newest Pacific Coast resort, Litibu, on the market a few months ago, buyers snapped up the 500 acres for $125 million. Foreign investment into Mexico is on track to hit $20 billion this year, up from $17.6 billion in 2005, according to the government.

There are some more interesting numbers further on in the story, which you can read here.

Sonoran Sky lottery turns out to be huge success
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In my last writing, I outlined what I consider to be the eight segments that form the greater Puerto Penasco marketplace, but I am still left wondering. What is Puerto Penasco to become? Who are the property owners? What is their exit strategy? What are the demographic of our visitors? Why do they come here? Is, as Alan Greenspan made famous, Puerto Penasco’s current market experiencing “excessive exuberance”?
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Rocky Point Mexico
Jose P. has sent me a really neat set of Cholla Bay photos - both taken from the same spot - along with a little bit of history:
This two pictures shows the growth in Cholla Bay since 1960 to the present. Both of them taking from the same spot. We have been going to Cholla since 1962. We do own the green house in the right of the latest picture.

I'm always looking for cool photos of Puerto Penasco! Especially old photos, especially black and whites from way back, so drop me a line if you have any lying around :)

P.S. A new issue of De Frente has just been posted as well - check it out.






DON'T SPEED!!!!!! A head on collision in rocky point takes the lives of 6 people.....
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We recently stayed at Sonoran Sea 607W. We loved our vacation......
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Everyone is talking about the new Sonoran Sun Resort.
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I have been involved with real estate investors since 1968. After spending forty years in California, three, soon to be four grandchildren proved to be a powerful draw back to Arizona, and fortunately to Puerto Penasco. About ten months ago a group of investors and I purchased some property in Puerto Penasco for a condominium development.
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