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

Rosarito 2009 Crime Rate Falls 21% To A Baja California Best 5-Year Low

By Ron Raposa





ROSARITO BEACH, BAJA CALIFORNIA, MEXICO---For 2009 Rosarito had the largest year-to-year decline in crime of any city in Baja California --- 21 percent --- and was the only city to reach a five-year low, according to state figures.









“These are very encouraging figures for Rosarito, especially in difficult economic times, when crime historically increases,” said Mayor Hugo Torres.









Calling the fight against crime a lifelong challenge for any city, Torres, who ran in 2007 on a platform of public security, said strong efforts will continue this year to reduce crime.









Those efforts, he said, will include increased policing in certain areas, more emphasis on neighborhood watch and private security, plus sports and other programs to keep city youth from delinquency and drug use.









Baja Gov. Jose Guadalupe Osuna Millan told the San Diego Union that Rosarito’s reduction in crime was one of Baja California’s success stories.









Overall, Baja California crime declined by an average of 10 percent in 2009 from 2008 and was lower than the level of the previous two years. The state’s rate was the same as 2006 and higher only than 2005.









Rosarito led all Baja cities in major categories for 2009, recording a 24 percent year-to-year decline in robbery and burglaries, 38 percent in violent crimes and 56 percent in murders, from 61 to 27, according to the Baja state figures.









Five of the killings were between members of rival drug cartels as the government makes it more difficult for them to operate, and three were of police officers.









Torres said that the drug-related killings are very troubling but even with them Rosarito has a lower homicide rate than many U.S. cities, including New Orleans, St. Louis and Baltimore, and Washington, D.C. (Based on FBI figures for 2008, the latest published)









“Understandably, much of the media coverage in the U.S. has focused on the crackdown on organized crime --- it’s a vital international issue,” he said. “But that has helped create a misleading impression about security here.”









Since taking office, Torres has led efforts to replace more than half of the city’s police force while expanding its size from about 150 to 230 officers.









He also established a special tourist police force that uses bilingual traffic tickets that can be mailed in from the U.S., an ombudsman office and a city department for visitor assistance.









The mayor also brought in former Army Capt. Jorge Montero to lead the police department as director of public security. He has praised his work as well as the support of the City Council









Torres also cited federal and state support plus a close working relationship with the Rosarito office of the state attorney general, which is responsible for most reporting and investigation of crime.









“Prevention is the key to crime reduction,” said Torres, who added that the city’s focus would remain on public security.









Rosarito also is working on expanding positive activities including sports and drug prevention programs for youth. Torres has personally talked to more than 15,000 of the city’s 23,000 school children and plans to visit the remainder this year.









Many programs have begun to benefit city youth, including the start of construction last year on the city’s first Boys & Girls Club.

http://www.bajainvestment.com/