Baja Real Estate Back on Track

Tiger`s Golf Course coming soon






















By Gustavo Torres









CONTRIBUTOR





















Punta Brava developers expect to break ground this year









This piece contains a few excerpts from an article by Sandra Dibble on Tiger Woods’ Baja Golf Course, from the San Diego Union-Tribune. Sandra Dibble writes many articles on Baja and often attends Baja events, developments, etc.





















Punta Brava sales team member Ryan Osterdorf teed off at what would be the location of the golf course’s 10th tee.





















According to Rosarito’s AMPI (Mexican Realtors Association), sales in the northern Baja area are increasing at an unexpected pace.









“We are very excited to see what we are seeing, this is something we did not expect until 2011”said Blanca Guerrero of RE/MAX Baja Realty in Rosarito Beach. She added that, “sales levels are now at the 2003/2004 levels which are very good.”





















Most of the buyers are Americans: 70% were from California, a few from other West Coast states and the rest from the East coast. They range in ages, from 40 to 65 years old, and are looking for retirement (35%), a second home (30%), long term investment (25%) and other (10%).





















“Many of our buyers are escaping from the high cost of living in California, especially the extremely high property taxes” says Victor Loza of RE/MAX/Your Baja Connection. Loza further added that, “Indeed, property taxes in California could be around $7,000 annually, while in Rosarito - for an oceanfront condo - they are about $300 per year, and approximately $80 for an ocean view home.”









A number of incredible opportunities can be found at the moment, particularly in Rosarito Beach in Baja, and at just a short 30 minute drive from the San Diego border, it is an excellent option for many.





















Sales have increased tenfold compared to the start of 2009, when the economic crisis exploded and the influenza scare dealt Baja California a very strong blow. Then it was followed by the bad press about the drug cartels fighting in the region. The drug wars were portrayed as if they affected all citizens of Baja, not taking into consideration that these terrible fights where occurring in areas not visited by regular folks, let alone tourists.





















Americans living here – around 15,000 in Rosarito and 30,000 in Ensenada- immediately started posting testimonials, U-tube commentaries, blogs, etc. to show that life was very different to what the US media was “advertising.” Many even created blogs and forums which are easily accessible on the Internet now.





















Even with the crisis fading and sales improving faster than once thought possible, we still have several development projects that are barely beginning to renew their construction and some that are still in the wait-and-see stages.





















Real Estate prices in Baja dropped approximately the same percentage as Southern California. The 35% drop found in the third quarter of 2009, has since increased around 5%, making the average price of an ocean view and oceanfront residential property in 2009 in the Rosarito region approximately $285,000, and oceanfront condos at $306,000.





















Now, with Tiger Woods’ Punta Brava, Baja will be getting lots of positive attention again. “This is the best we could ask for. Similar to the type we were getting in ‘04 and ’05,” said James Bond, a U.S. retiree realtor working hard in Baja. “Back in those days, the U.S. media was portraying Rosarito and Baja as the ‘American Dream found… just south of the border’… then the whole economic turn hit, and Baja stopped being the darling of the American media.





















Since the announcement of Tiger Wood’s Baja development, almost 170 “super” prospective buyers have been flown down to tour the site; looks like most have showed excitement for the project.









Brian Tucker, the development’s director said “This is to be one of the singular golf clubs in the world.”









With views of the ocean at every tee or green, the Tiger Woods golf course will be the centerpiece of the development planned at the tip of the Punta Banda peninsula overlooking Todos Santos Bay. The project includes 120 units, with prices starting at $3 million for a lot and $3.5 million for a condominium, according to information released at the project’s unveiling.





















Punta Brava’s financial backer is Red McCombs, co-founder of Clear Channel Communications and former owner of the San Antonio Spurs, the Denver Nuggets and Minnesota Vikings. McCombs is a principal of The Flagship Group, headed by the Austin-based developer Brady Oman. The project’s estimated cost is $100 million.





















This past President’s Day weekend/Valentine’s Day was a blast. So many tourists came, the weather was just perfect, and buyers were all over the place. “I had two different groups wanting to see the same oceanfront house, and at the same time! This hadn’t happened since 2007,” said Victor Loza, referring to a $245,000 oceanfront listing, a 3bed/2ba house in northern Rosarito.





















This is the best time to invest in Baja California real estate, and you should wait no further.





















By the way, for more information on this article, and excerpts of a related article by Sandra Dibble, and Baja real estate, please visit http://www.bajainvestment.com/

Gustavo Torres


AMPI Rosarito Realtors

Merger Creates Baja’s Real Estate Powerhouse

One of Rosarito Beach’s Star Brokers Joins RE/MAX!!!!




One of the largest and most successful independent real estate offices in northern Baja, Your Baja Connection, has joined the RE/MAX network.



Victor Loza, on behalf of his partners in Your Baja Connection, negotiated the merger of their multi-agent office with RE/MAX. Loza along with Don and Sharon Heafey and Miles Smith have owned and operated one of the top producing Real Estate agencies in Baja for the last three years. Victor had the following comment: “We chose RE/MAX over others because it allowed us to place our efforts on our first priority -- helping buyers and sellers accomplish their ultimate goals.”



Gustavo Torres, Broker/Owner of RE/MAX Baja Realty had this comment on the merger between Your Baja Connection and RE/MAX; “We are going to see a lot more mergers like this around the country. RE/MAX excels at giving their brokers and agents the most extensive training, the best technology, and the best systems in the real estate industry. In Northern Baja we have experienced an increase in market share as more and more agents have realized the advantages that RE/MAX provides for them, especially in today’s real estate market.”



Loza went on to say, “We won’t need to be involved in the day-to-day operations of an office; instead we’ll be free to do what we do best, and that is interacting with people and helping buyers and sellers achieve their dreams in Baja.” We had a few choices, but after weighing them all, RE/MAX gave us the freedom and the tools we needed to be successful. With RE/MAX we receive an international exposure, marketing tools, a well-established website, and the world-wide recognition that comes from a well-respected company like RE/MAX. We’re very thankful for the warm welcome we’ve received from our new broker and colleagues.”



This merger is part of an ongoing strategy from RE/MAX Baja Realty’s growth initiative that began last year. RE/MAX Baja brokerage was established in 2004 when Rosarito Beach Real Estate, the most successful Rosarito real estate office, became a REMAX office.



“Victor, his partners, and their agents will be a tremendous addition to our expanding team. They have relentless energy and Victor is a nonstop marketing machine,” says Gustavo Torres, Broker/Owner of RE/MAX Baja Realty. “They do whatever it takes to help clients sell or find the homes of their dreams. They don’t simply list a property; they follow through until the home is sold. This level of energy and extra effort is why Your Baja Connection has been a top real estate company and why RE/MAX is the right place for them.”



Sharon Heafey, one of the principals of Your Baja Connection, had the following statement about the merger: “We chose to be affiliated with RE/MAX because of Gustavo Torres’ wonderful background and strong community ties,” adding that “Gustavo has done everything possible to make us feel at home and able to get up and running immediately. The merger gives us the opportunity to provide the highest level of service to our buyers and sellers. We are looking forward to working with the respected professional agents that are part of the RE/MAX network.”



Don Heafey added, “After being involved in real estate in the United States, we moved to Baja and found real estate an exciting opportunity for our clients and ourselves. I look forward to joining the Ensenada office and working with Arturo Novelo and the other professionals there.”



RE/MAX Baja Realty is the second-largest real estate office in Baja and #1 in sales in Rosarito Beach, with over 44 percent of the market. With the addition of Your Baja Connection’s team, RE/MAX Baja Realty is poised to become the leader in Baja California. The firm is an attractive option for real estate agents looking to relocate with a proven successful broker.



“By Your Baja Connection joining RE/MAX, it proves once again that the RE/MAX system is the best for all real estate professionals who want to succeed and operate their own business. Most of all it allows us to work with other successful top professionals,” affirms Ana Minondo, Top Chairman’s award of RE/MAX.



“This is a true merger.” Blanca Guerrero, RE/MAX Baja Popotla office’s president, told the Baja Times Journal. “We chose to be a stronger force, and that says a lot. Instead of cutting costs, we chose to grow.”



The RE/MAX– Your Baja Connection merger will result on a better service to you; this merger means more exclusive properties for you to choose from and many more bargains.



RE/MAX– Your Baja Connection provides real estate and relocation services for buyers in Mexico.



Yes, you can have a good experience purchasing property in Mexico. You want to make sure that you have a knowledgeable, experienced, and ethical agent. When you are ready to make an offer there are a myriad of additional considerations and concerns, but if you have selected the right agent, you will have the right person to guide and protect you.

At Re/Max - Your Baja Connection, we understand all these issues; we have purchased and gone through the process ourselves. Re/Max Baja wants to be Your Baja Connection, Our team is ready to assist you in a worry-free purchase of your new retirement or vacation home or condo in Mexico.

http://www.bajainvestment.com/