Market Analysis for January 2018: Ocean View Homes Under $400k Are Nearly All Sold in the Costa Ballena, Costa Rica

May 11, 2023 in Buying Process, Tips for Buyers, Real Estate in Costa Rica, Selling Process

Thanks to the growing popularity of our region of expertise in Costa Rica real estate called the Costa Ballena (which includes the townships of Dominical, Uvita, Ojochal, and Tres Rios), buyers have been flooding the market this high season.  Our team at Osa Tropical Properties have nearly sold out of ocean view listings in the <$400,000 price range.

There are a growing number of buyers coming into our region, ready to spend more than $400k on a great property, however this gap in the lower price bracket of ocean view homes has created a vacuum that can be easily filled by gathering new listings of off-market properties whose owners have been thinking about selling; or by savvy investors willing to purchase some of the great ocean view lots available in our region, and building a home to be sold upon completion. 

Our team thoroughly understands the local real estate market, thanks to weekly in-depth analyses of market trends, new listings, and sales records in our region of operation.  We are more than happy to share our analyses on a per-client basis, offering investment advice based on years of experience.  We know what to buy or build and where to do so for your best return on investment.

We see that our real estate market is trending upwards, thanks to recent campaigns by the Costa Rican government (ICT) in partnership with CNN, as well as the growing reputation of Costa Rica as an ideal location for investment by foreigners - especially those who value a greener lifestyle.  Costa Rica is home to almost 5% of the world’s biodiversity, 2.5% of which exists in the Osa Peninsula alone.  The Costa Ballena is known as ‘The Gateway to the Osa Peninsula’ and it is the region of Costa Rica that has the most nature and adventure activities, existing alongside flourishing expat communities that are well integrated with the local Costa Rican population.

About Osa Tropical Properties

It has recently come to our attention that there are many newcomers to our region who do not know about our company origins, or even what our name means.  This region of Costa Rica is in the Osa Canton, which is the fifth canton in the province of Puntarenas.  This region has a population of nearly 30,000 inhabitants and extends from the Río Barú near Dominical in a thin stretch along the coast to Palmar, Sierpe and the top of the Osa Peninsula.  As its name suggests, this is the region where humpback whales and dolphins migrate to calve, mate and rest for 8 months out of the year.

Osa Tropical Properties is a family-run business that began in 2005, a few years after current owner Kevin Champagne’s father, Remy Champagne, moved to the Osa region and found a niche in the burgeoning real estate market.  This was a time when a small but growing number of foreign investors began finding this region, looking for virgin tropical land for development.  Remy began brokering deals on behalf of local landowners out of his ceviche shop at the entrance to Piñuelas Beach.  

Kevin purchased the company from his father in 2011, and the team has been growing steadily since.  Osa Tropical Properties has one of the leading team of realtors in our region, which is populated by branded real estate companies.  Even still, our small team is dedicated to our client success, evidenced by our incredible reputation thanks to our client testimonials.  We lead this region annually in the number of happy, successful clients, and it is our pleasure to continue to offer great services to the real estate needs of the Osa region.

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