SMA Market Report
SanMigueldeAllendeRealEstateMarketReport:January2026
12 sales, 39 new listings and a 5.3% discount: how January closed in the 13 San Miguel de Allende neighborhoods I track.
January started quietly across the 13 neighborhoods I follow closely: along with August, it was the month with the fewest closed sales of the year, and buyers had plenty of room to negotiate.
The month at a glance
Homes and lots sold: 12
New listings: 39 (35 homes and 4 lots)
Sale price vs. asking price: the typical sale closed at 94.7% of asking (5.3% discount)
Average price: $622k · Highest sale: $1.26M
Days on market: 179
Buyers: 58% American, 25% Canadian, 8% Mexican and 8% other nationalities
By neighborhood
Neighborhood | Sales | Average price | Highest sale | Days on market |
|---|---|---|---|---|
4 | $265k | $345k | 206 | |
3 | $856k | $1.26M | 108 | |
2 | $755k | $1.05M | 199 | |
1 | $1.10M | $1.10M | 178 | |
1 | $560k | $560k | 269 | |
1 | $311k | $311k | 151 | |
All 13 neighborhoods | 12 | $622k | $1.26M | 179 |
Prices in US dollars. Neighborhoods not listed had no sales this month.
My take
What stands out to me is the weight of Canadian buyers: one in every four closings this month, the highest share of the year. With so few sales, each deal moves the percentages a lot, so read it as a signal rather than a trend.
About this data
These numbers cover 13 San Miguel de Allende neighborhoods: Centro Histórico, San Antonio, Guadiana, Ojo de Agua, Guadalupe, Atascadero, Balcones, Obraje, Ventanas de San Miguel, Club de Golf Malanquín, Independencia, Los Frailes, Viñedos. They include only homes and lots for sale. The discount is the typical (median) gap between asking price and sale price for the month. Source: AMPI San Miguel de Allende MLS.
If you're thinking about buying or selling in San Miguel de Allende, email me at [email protected] and we'll go over the numbers for your neighborhood.