Just like we are seeing here in Baja real estate, northern Baja second homes and Baja vacation homes are being sought after at an increasing phase.
Since the end of 2009, we have seen an average of thirty Rosarito ocean properties sold every month.
The sales are mostly for oceanfront and ocean view Baja homes and condos, with an average sales price of $250,000 US.
Most of Rosarito and Ensenada's real estate sales are for retirement or future retirement (35%) second or vacation homes (35%), investment (10%) and other reasons (20%).
We are very excited that most Americans are looking into Baja homes and condos again, says Victor Loza, Rosarito's AMPI treasurer.
We are at levels, both in prices and number of sales, as we where in 2003 and 2004.
Please enjoy the Bloomberg article:
http://www.bajainvestment.com/blogs/bajainvestment/default.aspx
