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Welcome to Northern Baja California Realty
 We are excited to be a part of the Baja lifestyle and the Baja real estate business!
Our team offers you the best combination of market expertise, knowledge and professional service, delivered in a friendly environment all focused on helping you navigate the process of buying or selling your home in Baja California, Mexico.
We offer information on all Baja real estate developments including Club Marena, Trump Baja, The Residences, Las Olas, Bella Vista, Calafia, Las Palmas, Bajamar, Pacifica, Palacio del Mar and Baja Diamante in San Felipe. In addition, we offer resale and new Baja homes in the communities of Punta Bandera, San Antonio Del Mar, Real Del Mar, Baja Del Mar, La Paloma, Las Gaviotas, Mission Viejo, Plaza Del Mar, Rosamar, Baja Malibu, La Mision and Puerta Del Mar.
Search for Baja Real Estate for Sale on our "Baja Real Estate Listings" page, then contact us to arrange a viewing. Please note that all of our Baja real estate listings have undergo a due diligence process for financial, legal, tax, environment and market/commercial situation.
Furthermore, we have certified agents specializing exclusively
in the Ensenada, San Felipe, Tijuana, Tecate and Rosarito real estate
markets, each with exclusive listings and first hand experience on the area.
Learn more about Prubaja or the Baja Real Estate market .
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 (CNN) -- The Dow Jones on Monday fell below 10,000 points for the first time since 2004 as U.S. stocks followed Europe and Asia with heavy losses after government bank bailouts on both sides of the Atlantic failed to stem slowdown fears.
The index was hovering above the 9,800 mark in early afternoon trading as a 4.8 percent drop added to days of losses amid unrelenting financial turmoil.
London's FTSE 100, Germany's Dax 30 and France's CAC 40 all saw significant drops with indexes falling between seven and nine percentage points.
The declines were led by the banking industry, with the mining and oil sectors also suffering.
"What we thought was going to be a contained domestic (U.S.) problem is definitely global," said William Larkin, portfolio manager at Cabot Money Management told CNNMoney. "It is now rooted in Europe and it looks like it is probably spreading to Asia."
In Russia, trading in shares was suspended after the RTS stock index fell more than 15 percent. Iceland's exchange was also closed while the government rushed to draft a plan to deal with the financial turmoil's impact on its over-leveraged banking sector.
In Brazil, stocks lost up to 15 percent, while Asian and Pacific markets closed roundly lower on Monday. Back in New York, the Nasdaq and S&P were following the Dow down with slides of more than five percent.
Oil prices were lower, with U.S. light crude oil for November delivery $3.61 to $90.24 a barrel. The contract briefly fell below $90 for the first time since February.
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 (CNN) -- The major stock markets of Europe and Asia fell sharply Monday after government bank bailouts on both sides of the Atlantic failed to stem fears about slowing economic growth.
By midafternoon in Europe, Britain's FTSE 100 lost 245.70 to 4,734.55 -- a 4.93 percent fall. The declines were led by the banking industry, with the mining and oil industries also suffering drops. HBOS PLC's share price dropped 13.4 percent, while the Royal Bank of Scotland Group PLC fell 14.6 percent.
Germany's DAX index fell 5.23 percent to 5,493.95. France's CAC-40 index dropped 5.59 percent to 3,852.63.
In Russia, trading in shares was suspended after the RTS stock index fell more than 15 percent. Iceland's exchange was also closed while the government rushed to draft a plan to deal with the financial turmoil's impact on its over-leveraged banking sector.
The slump followed a weekend in which Germany's private financial sector promised to put up an additional €15 billion, in addition to the €35 billion already pledged, to help shore up Hypo Real Estate bank, the nation's Finance Ministry said Sunday.
The rescue package will help ailing Hypo, one of Germany's largest housing lenders.
In France, BNP Paribas committed to taking a 75-percent stake in troubled European bank Fortis NV, and Sweden and Denmark followed Ireland and Britain in raising the amount of savers' deposits guaranteed by the government.
Britain's treasury chief Alistair Darling said he was "ready to do whatever it takes" to get the country through the credit crunch, and was looking at a "range of proposals," The Associated Press reported.
European Union finance ministers were to meet in Luxembourg Monday and Tuesday to discuss ways to boost the battered banking system.
Italian Prime Minister Silvio Berlusconi is pushing is bailout similar to the one passed by the U.S. Congress last week and signed by President on Friday.
Meanwhile, Asian and Pacific markets closed roundly lower on Monday.
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 July home prices plunge 16.3% in 12 months, according to the Standard & Poor's/Case-Shiller 20-city housing index.
NEW YORK (AP) -- A closely watched index released Tuesday showed home prices tumbling by the sharpest annual rate ever in July, but the rate of monthly declines is slowing.
The Standard & Poor's/Case-Shiller 20-city housing index fell a record 16.3% in July from a year earlier, the largest drop since its inception in 2000. The 10-city index plunged 17.5%, the biggest decline in its 21-year history.
No price gains
Prices in the 20-city index have plummeted nearly 20% since peaking in July 2006. The 10-city index has fallen more than 21% since its peak in June 2006.
No city in the Case-Shiller 20-city index saw annual price gains in July, the fourth straight month that has happened.
However, the pace of monthly declines is slowing, a possible silver lining. Between May and July, for example, home prices fell at a cumulative rate of 2.2% - less than half the cumulative rate experienced between February and April.
But there's "no evidence of a bottom," said David M. Blitzer, chairman of the index committee at S&P.
Trouble in Vegas
Las Vegas prices plunged the most at nearly 30%, with Phoenix diving 29% and Miami 28%. Prices in the seven cities in the Sunbelt all fell between 20% and 30% from a year ago.
Only seven cities showed positive or flat returns from June to July, down from nine that showed month-over-month gains in June. Atlanta, Boston, Dallas, Denver and Minneapolis all posted positive returns for three months or more
Baja real estate prices keep falling
Baja real estate prices keep falling down, averaging 30% percent less than last year's prices. Some homowners are taking their properties off the market. This has been the trend along the Baja gold coast where the average sales price for an oceanfront Baja condois now at the low $200,000's.
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 For 2009, real estate developers who desire a partnership with the Baja California State Government will have to build eco-friendly homes. This was laid out by Luis Manuel Bustamante, Indivi: Instituto para el Desarrollo Inmobiliario y de la Vivienda (Institute for Real Estate and Housing Development) Director.
He added that some of the features that these homes should have are for instance, energy saving light bulbs, water saving faucets and in Mexicali’s case, thermal insulation.
All of this was announced during a press conference in which Bustamante along with the Infonavit Delegate, Victor Manuel Ruiz, announced the increase of over 8 thousand additional credit grants for housing in 2008. This adds up to the 24 thousand 600 originally intended making a 32 thousand 600 total, this is due to the high demand for Baja real estate.
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 Most Baja real estate developers in the Tijuana-Ensenada coast are paralyzed due to the North American crisis, which represents 120 thousand million pesos, around 12 billion dollars stuck in the freezer.
Indivi: Instituto para el Desarrollo Inmobiliario y de la Vivienda (Institute for Real Estate and Housing Development) State Director, Luis Bustamante, pointed out that 60 out of 100 community developments are at a stand still, as their main market is outside Mexico.
‘Among these, are projects with considerable investment like Trump Towers. What is required for these developments to pick up again is for the United States to solve its economical problem, which will surely happens when the next administration takes over after this year’s election’, Bustamante commented.
Bustamante, former president of the Association of Realtors of Tijuana manifested that the Baja real estate market has been stuck in the last year and this trend is not happening in other Mexico real estate markets located further south inside Mexico.
Among the few Baja real estate developments currently in construction progress are Calafia Condos, an established beach front community in Rosarito currently finishing their third Condominium tower, and Palacio Del Mar, an astonishing luxury complex located right at the water’s edge among the sand dunes of Bahia Descanso also in Rosarito, Palacio Del Mar will deliver its nearly finished luxury tower with a grand opening on November 2008
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Meet Our Agents
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Mario Restrepo
Northern Baja California Realty
Mario Restrepo is an expert in helping buyers and seller in all real estate market conditions, and draws from over 10 years of experience from both the California and Mexico markets. Mario Restrepo has experience with creative real estate transactions and offerings and has successfully sold difficult to handle properties.
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