Recently named Travel + Leisure’s Top City of 2017, Mexico’s San Miguel de Allende is a colonial city, a part of which has been designated a UNESCO World Heritage site. Here, we check in with Larry Stebbins, owner of Agave Sotheby’s International Realty in San Miguel, to discover the latest from within the T+L top city.
The region’s notoriety reaches beyond locals. “The current trend that we are seeing is the arrival of buyers from California and New York. They represent a younger demographic that are looking to move to a destination that has rich cultural activities and an inclusive, progressive community,” says Stebbins. “The majority of our buyers are from the United States (85%) with approximately 5% Canadian and 5% Mexican nationals.” Even with the influx of younger buyers, San Miguel’s average buyer is between 40-65 years old and financially independent.
San Miguel de Allende has opportunities for a wide variety of buyers; property prices range from $200K to $2M with an average sales price of $550k. “The most common architectural style is traditional Spanish Colonial with high ceilings, wood beams, bovedas, and ample patios and terraces, as the climate is temperate year around and conducive to indoor/outdoor living,” says Stebbins.
San Miguel de Allende is located in the historical and cultural heart of Mexico. Founded in the 16th century, it is rich in the history of Mexico. It experienced a renaissance of sorts after WWII when it became an artist community, one that continues to thrive today. It is culturally rich with great art, music, food and a center of philanthropic endeavors with more than 50 non-profit organizations giving back to the community.