Acorn Building, Paso Style Living - Ron Johnson
Buyer Resources Property Browser Bank Owned (REO) Featured Vineyards Property Search Mortgage Calculator City Comparison Schools Williamson Act 1031 Exchange Glossary Property Notify Move In Information Contact
Sellers Overview Free Market Analysis City Comparison Short Sales Williamson Act 1031 Exchange Glossary Contact Ron
Current Newsletter Newsletter Archive Subscribe to Newsletter Wine Trivia Contact Ron
Paso Area Best Places to Live Others are Saying Paso Chamber Real Estate Info Forbes on Paso Paso Wine Contact Ron
Paso Wine Wine Trivia Interactive Wine Map Far Out Wineries Paso Wineries Paso Wine Map IGGPRA Hwy46West Wineries Wine Slob Contract Ron
About Ron Contact Ron
Helping People Live the Paso Style; Real Estate News, Events, Wine, Food, Living February 2012

WINE NOTES(Local Wine and Real Estate News)

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.

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 

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

 

QUICK REAL ESTATE STATS:(California)

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%

WINE AND LOCAL TRIVIA

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
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)

   
Paso Robles Housing InventoryOpinion:  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.
 

Real Estate Up, Down, and Around:

Area(1/1/12-1/31/12) Avg Price Homes AvailableSold Pending
Atascadero $323,593 76 15 31
Paso Robles $307,860 15125 43
Templeton $567,863 458 9
All Paso Wine Country $336,245326 5890
Paso Wine Country contains the following real estate areas (Paso Robles, Atascadero, Templeton, San Miguel, Creston, Shandon, and Santa Margarita) (Single Family Homes, SFRSB)

REAL ESTATE HOT LIST (Special Properties for Sale in the Paso Wine Country)

● Lowest price Single Family Residential Property

● Most Expensive Single Family Residential Property

The above properties are listed in the Central Coast MLS and may or may not be listed by  Home and Vineyard Real Estate Brokerage.  The presentation of this information is not meant to imply any advertisement of these properties. 

FOOD CORNER (Personal Recipes and Favorite Restaurants of the Paso Wine Country)

Desert Pizza



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!
Ron Johnson
Broker, RealtorŪ
(805) 423-1902
www.PasoStyleLiving.com



Paso Robles, CA 93447

www.PasoStyleLiving.com