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Events:
It's Christmas and there is no more
popular and fun event in the Paso area than the annual
Vine Street Victorian Holiday Showcase.
Each year fourteen blocks of Victorian lined Vine
street is blocked off and decorated for the holidays. There are
storytellers, Scrooge, Santa, Grinch, Carolers, Dancers, Music, Hot cider, Trolley rides and lots of joyous people enjoying the evening. Be
there! Vine Street, 8th-21st streets, 6 - 9PM, December 8. |
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Quick Real Estate Facts:
(Calif) |
Median home price -
$497,110 |
Highest median home price
Santa Barbara So. Coast $1,325,000 |
Lowest median home price
High Desert $265,880 |
Mortgage rates - week ending
9/20:
-30-yr. fixed: 6.2; Fees/points: 0.5%
-15-yr. fixed: 5.83%; Fees/points: 0.5%
-1-yr. adj: 5.42%; Fees/points: 0.6% |
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Wine
Notes:
(Local RE and Wine News)
Two recent news
items are likely have have significant
impact on the local Paso Wine scene.
Paso Creek: I was watching the Food Channel recently
and just caught a glimpse of a wine label, Paso Creek.
Since I had never heard of Paso Creek, it deserved some
investigation. Well, as it turned out,
Paso Creek is the latest premium wine from Constellation.
Constellation has purchased and planted 350 acres in the Estrella
River area. The wine is made in Gonzales.
Wild Horse: Just recently Constellation
purchased Fortune Brands from Jim Beam, parent company of
Wild Horse in Templeton.
For those not aware, Constellation is the the world's largest wine
maker. With their significant presence in the Paso
region, it's certain to have an impact. If you have
any doubt about their marketing expertise, Corona is one of
their Beer Brands, |
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Cooking Corner:
(Personal recipes and views on Cooking Paso Style)
Years ago, before Paso was know for it's great wine, Paso was known for
Almonds. Paso at one time was the world's largest producer of Almonds (it's difficult, but you can make out the Blue Diamond on the old co-op
building off Riverside),.
What better way to
enjoy the holidays than with some good Almond Brittle.
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1 cup Sugar |
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1/2 cup Karo Light
Syrup |
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1/4 tsp salt |
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1 cup roasted
Almonds, unsalted |
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1 tsp baking soda |
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1 tsp Vanilla
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2 tsp butter |
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Combine Sugar, Syrup &
Salt, Microwave for 4 min, Stir in Almonds,
Microware for 2 add'l min. Add remaining ingredients,
stir and spread on a greased pan to cool. |
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Wine
& Local Trivia:
What famous
Wild West Outlaw had roots in Paso Robles?
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a) |
Frank & Jesse
James |
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b) |
Billy the Kid |
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c) |
Doc Holiday |
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d) |
None of the Above |
(Please visit
http://www.pasostyleliving.com for the
answer) |
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Paso
Style Living Real Estate:
(Real
Estate market conditions in Paso Wine Country)
Everyone has seen the late night TV
infomercials on buying properties in foreclosure and getting
rich. I thought it may be helpful to give you the real
facts of buying Pre-Foreclosure and Foreclosure Properties.
(continued from Last Month)
Foreclosure Auction: There
are technically two types of Foreclosures in California, Judicial
Foreclosure and non-Judicial Forclosures (Power of Sale). Seldom is a
Judicial Foreclosure used because of the legal expense so we'll focus on
the Power of Sale or Trustee Sale. The Trustee has the right under
the Deed of Trust and Power of Sale clause of the loan agreement to sell
the property to pay unpaid loans. When a loan is in default a
Notice of Default will be filed with the County and notice given.
After 90 days, if the Default is not rectified, A Notice of Sale will be
made for the auction to take place at least 21 days later. Almost all of these auctions take place at the San Luis
Obispo County Count house on Osos Street in San Luis Obispo.
Everyone thinks they can get a deal at these auctions, but
it's not so easy. First, in all circumstances the opening bid is
made by the lender and generally the amount of the outstanding loan.
Second, It is a Cash only Auction. You must show Cash or
Certified Check for the full amount of all bids. Third, it
is a "As Is, Where Is" sale. No investigation is allowed
of the
property condition. And Lastly, there is no Title Insurance.
You have no guarantees against other liens on the property. It's
risky unless you really do your homework.
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Area
(9/1/2007-9/30/2007) |
Avg Price |
Homes Available |
Sold/Pending |
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Atascadero |
$520,460 |
222 |
26 |
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Paso Robles |
$425,959 |
414 |
53 |
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Templeton |
$447,667 |
79 |
16 |
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All Paso Wine
Country |
$442,209 |
839 |
104 |
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Paso Wine Country
contains the following real estate areas (Paso Robles, Atascadero,
Templeton, San Miguel, Creston, Shandon, Santa Margarita, Bradley,
and Chalome)
(Single Family Homes, SFRSB) |
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Ron Johnson
Broker, RealtorŪ
(805) 423-1902
www.pasostyleliving.com |
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