| Helping People Live the Paso Style;
Real Estate News, Events, Wine, Food, Living |
February 2012 |
WINE NOTES(Local Wine and Real Estate News)
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Winery Value
What's a winery worth? How is
that value determined? I recently attended a Seminar in Napa on
"Winery Purchase & Sales". Obviously, this is a complex
subject that cannot be overly simplified, but there were some
interesting points to consider:
- Over the past couple of years grape acreage and wine inventory
levels have shrunk, but there is an over capacity of Wine
Making facilities currently. This is probably caused by a
consolidation of the market more than anything else. Larger
wineries buying smaller operations, absorbing the winemaking
into centralized operations.
- What's Hot and What's Not in the Winery business: Well
respected larger wine brands, with good operating history are
selling for premium values. Small, boutique operations
without name recognition are generally selling at or below asset
value.
- Like any business, a winery value is based either on a
multiplier of revenue or profit or the value of the assets.
Let's be honest, a business making money is much more valuable
than a business that's losing money.
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Holme Estate Cellars
Wine
making is a tough job, I wanted to put a plug in for friends who
are doing that job double duty, Craig and Julie Holmes. Craig and
Julie are a husband and wife wine making team that work at Vino Robles
in Paso Robles making wine as well as having their own label. That
is not unique, but when their personal label is located in
Australia that is unique. I applaud their hard work. I can't
imagine the work involved making wine in two hemispheres! Check
out their website for a little bio on both of them.
www.holmeestatecellars.com
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Carpenter's Shop
There are
few true craftsmen still around it seems. I wanted everyone to
checkout the website of this craftsman in San Miguel.
www.sanmiguelstyle.design.officelive.com
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QUICK REAL ESTATE STATS:(California)
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Median Home Price-
California $285,920 |
Highest Median Home Price
Marin $693,880 |
Lowest median home price
Madera $106,000 |
Mortgage rates- week ending
1/19/12:
| 30-yr |
fixed |
3.880% |
Fees/points: 0.8% |
| 15-yr |
fixed |
3.17% |
Fees/points: 0.8% |
| 1-yr |
adj |
2.74% |
Fees/points: 0.6% |
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WINE AND LOCAL TRIVIA
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 In
Europe an Estate Wine has a very precise definition. The
grapes must be grown by and the wine made by the proprietor.
It is common in the US for someone to buy grapes and make
wine. It's also more common that people realize to buy
wine in bulk and re-label. In France this would be
called a Negociant. The business value is in the
marketing. So the question is, which of the
following would be considered a Negociant?
| a) | Barton & Gustier |
| b) | Barefoot
Cellars |
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c) |
Louis Jadot |
| d) | All of the
Above |
(Please visit
http://www.pasostyleliving.com for the answer) |
PASO STYLE LIVING REAL ESTATE (Local Real Estate Market Conditions)
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 Opinion: I
can't help but continue on the same subject as the last newsletter
issue. Inventory; Available Homes; Marketable Product;
real estate jargon for how many homes are available for sell.
If you are looking to buy how many homes you have to choose from.
If you are looking to sell, what's your competition to making that
sale.
The reason for the discussion is simple,
the number of available homes continues to shrink dramatically.
As stated last issue At the end of December 2006 there were 870
homes available for sale. Now, it's down to 326. For
buyers, the number of available homes to choose from is limited.
For Sellers that should indicated higher prices, but that
hasn't happened yet.
I was at the California
Association of Realtors state meeting in January and it's the same
up and down California. I don't know the answer, but
here's my guess. Normal buyers have held up on selling until
the market improves. The biggest group of home owners (Banks)
are also holding back on selling waiting for an improved market.
Do your research and work with a qualified REALTOR.
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Real Estate Up, Down, and Around:
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Area(1/1/12-1/31/12) |
Avg Price |
Homes Available | Sold |
Pending |
| Atascadero |
$323,593 |
76 |
15 |
31 |
| Paso Robles |
$307,860 |
151 | 25 |
43 |
| Templeton |
$567,863 |
45 | 8 |
9 |
| All Paso Wine Country |
$336,245 | 326 |
58 | 90 |
| Paso Wine Country contains the following real estate areas (Paso Robles, Atascadero, Templeton, San Miguel, Creston, Shandon, and Santa Margarita) (Single Family Homes, SFRSB)
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REAL ESTATE HOT LIST (Special Properties for Sale in the Paso Wine Country)
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FOOD CORNER (Personal Recipes and Favorite Restaurants of the Paso Wine Country)
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Desert Pizza
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This is a simple very flavorful dish which can be an
appetizer or desert pizza. There's no sugar,
but is naturally very sweet. Until you try it,
you will not believe how good it taste.
| 2 c |
Onion, thinly sliced |
| 1/2 c |
Gorgonzola, Crumbled |
| 1 |
Large Pre Baked Pizza Crust (Can be
purchased Ready made) |
| 2 tbls |
Butter |
In a large skillet melt the butter and add the
onions. Good the onions on low to medium heat
until they are lightly caramelized. Spread the
caramelized onions lightly over the pizza crust,
sprinkle the Gorgonzola lightly over the onions.
Bake in a 350 degree preheated oven until the cheese if
fully melted. Believe me it is delicious.
Enjoy!
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