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Helping People Live the Paso Style; Real Estate News, Events, Wine, Food, Living February 2009

WINE NOTES(Local Wine and Real Estate News)

Wine Happenings: 
This past week has been a busy wine week.  January 26 and 27 in Sacramento was the Unified Wine Symposium, probably the largest wine industry event in the US.  Saturday, January 30 was ZAP, Zinfandel, Advocates, and Producers in San Francisco.  ZAP is one of the largest pure Zinfandel events anywhere.

Real Estate Updates:
Styles and desirable  home amenities change regularly.  Average home sizes were starting to grow out of control but are now shrinking again.  According to data published by the National Association of Home Builders the average size new home in 2006 was 2,520 square feet and the average in 2009 was 2,480. 

Taste for particular amenities change also.  The following list is expected to be the standard home features for homes built in 2010:
  1.   Walk-in Closets in Master Bedroom
2.   Laundry Rooms
  3.   Insulated Entry Doors
  4.   Great Rooms
  5.   Energy Efficient Windows
  6.   Linen Closets
7.   Programmable Thermostats
  8.   Energy Efficient Appliances and Lighting
  9.   Separate Tub and Shower in Master Bedroom
  10. Nine Foot Ceiling on first Floor
The above list is what builders are expected to build as standard.  Now the interesting thing,  the list below is the buyer requirements list for a home.
 
  1. Large kitchens with islands
  2. Energy efficiency, including energy-efficient appliances, super insulation, and high-efficiency windows.
  3. Home offices
  4. Main-floor master suite
  5. Outdoor living space
  6. Ceiling fans
  7. Soaking tub in the master suite and/or an oversize shower with a seating area
  8. Stone and brick exteriors rather than stucco or vinyl
  9. Community walking paths and playgrounds
  10. Two-car garages, but three-car garages are even more desirable

Quick Real Estate Stats:(California)
 
Median Home Price-
California $306,820
Highest Median Home Price
Santa Barbara So. Coast $847,500
Lowest median home price
High Desert $121,010
Mortgage rates- week ending 1/21/10:
30-yr fixed 4.99% Fees/points: 0.7%
15-yr fixed 4.40% Fees/points: 0.6%
1-yr adj 4.32% Fees/points: 0.6%

WINE and LOCAL TRIVIA

Most have heard of the recent financial problems associated with David Weyrick.  York Mountain Winery was owned by Martin and Weyrick and this week was foreclosed upon.  So a fitting question,  What AVA (American Virticultural Area) is the York Mountain Winery located?
a)Paso Robles
b)Central Coast
c)San Luis Obispo
d)York Mountain

(Please visit http://www.pasostyleliving.com for the answer)

PASO STYLE LIVING REAL ESTATE (Local Real Estate Market Conditions)
Paso Robles Housing InventoryThe Real Estate market has been a bit confusing lately.  Locally, it was recently reported that the foreclosure rate for 4Q 2009 was higher than the previous year (Although lower than 3Q 2009).  National news indicates that some California markets (San Diego) are expected to drop significantly more (7%).  The numbers below generally represent lower volume and lower prices for most local markets,  but the California statistics represent higher numbers overall for the state.  Inventory or Absorption rates jumped in January as well.  There's a lot going on!

Statistics are indicators of trends in the market.  Each home, ranch, or vineyard is unique as is each market area.   

Real Estate Up, Down, and Around:

 
Area(01/1/10-1/31/10) Avg Price Homes AvailableSold Pending
Atascadero $411,077 112 13 16
Paso Robles $349,476 22129 38
Templeton $534,351 454 4
All Paso Wine Country $363,823450 6265
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)

Buffalo Wings

  Superbowl is quickly approaching and what better snack for Superbowl is Buffalo Style Chicken Wings.  The traditional method of cooking is deep frying the unbattered wings,  but alternatives are baking.  The key thing is the sauce which is quite simple. 
  24 Chicken Wings (Deep Fried or Baked)
  4 tbs Butter Melted
  1/3 C Hot Pepper Sauce (Crystal is a good brand)

Combine butter and hot sauce in a large bowl. Swirl chicken wings until coated with the mixture.  Serve hot with celery and Ranch or Blue Cheese Dressing.
Enjoy!

Ron Johnson
 Broker, RealtorŪ
(805) 423-1902
 www.PasoStyleLiving.com
945 12th Street, Suite F
PO Box 1981
Paso Robles, CA 93447
www.PasoStyleLiving.com