Helping People Live the Paso Style,  Events, Wine, Food, Living                                                                   June 2007


Events:
4th Annual Pinot and Paella Festival

If you like Paella or if you like Pinot this, in my opinion, is one of the more fun events of the area.  It's an opportunity to taste paella prepared onsite by chefs from across the state.  Paso is not well know for it's Pinot Noir, but there are several locally wineries producing  an excellent wine.  It's much smaller and intimate than the hugely successful Wine Festival, but it small size allows everyone to mingle and enjoy some great wine and great food. That's what makes it fun! 

Templeton City Park, June 10
 

Quick Real Estate Facts: (Calif)
Median home price
    $597,640
Highest median home price
    Santa Barbara So. Coast $1,475,000
Lowest median home price 
     High Desert $317,420
Mortgage rates - week ending 3/22:
  -30-yr. fixed: 6.37%; Fees/points: 0.4%
  -15-yr. fixed: 6.06%; Fees/points: 0.4%
  -1-yr.   adj:   5.64%; Fees/points: 0.6%

Local News: (Local RE and Wine News)
I follow the San Luis Obispo Planning Commission very closely for important changes in winery land use issues.  In May a winery was approved which isn't, in itself, important,  but I decided the Wine was worth a discussion.

Secret Winery.  I use the term secret winery to highlight a point that it doesn't require lots of advertising, distribution, and tasting room glitz  to be successful in the wine business.  It just takes good, or should I say excellent wine. 

The wine I'm referring to doesn't have estate vineyards, you will not find it at Albertsons or any retail wine outlet.  Matter of fact, I have no idea how to buy a bottle since they don't have a tasting room.  So how could a winery be successful this way.  Well, this winery sells it's entire production to it's wine club.  Now even more extraordinaire is that the waiting list is over two years for membership.

So most people have never heard of the wine.  But I don't think that matters to the members of the prestigious group.  I'm just  hoping that John Munch's new winery  will allow Le Cuvier to produce enough wine so I can get on the list. 


Featured Property:
  Living among the Oaks
 Atascadero Westside Dream Home!
2600 SqFt Custom Home on 5 Acres

http://www.pasostyleliving.com

(Office Listings)

Cooking Corner:  (Personal recipes and views on Cooking Paso Style)

Paella: My own special Pork Paella recipe.
  1 lb Pork Tenderloin, cubed
  1 large Onion, chopped
  1/3 cup chopped Garlic
  1 Can Chicken Stock
  1 tsp saffron
  1 cup rice
  1 cup peas
  1 cup Red Bell Pepper, chopped
  1 cup white wine (Viongier)
  1 fresh pear chopped
  3 Tbsp Olive Oil
  1/2 cup White Raisins
Brown pork, add onions and garlic. Gently heat the chicken stock and dissolve the saffron in a saucepan. Using a paella pan, heat 2 tbsp olive oil over med heat, add rice gently stirring.  Add wine, allow liquid to absorb. Add chicken stock, again allow liquid to absorb. Add pork, onions ,garlic, bell peppers, and peas. Reduce heat and cook for 5 minutes.  Add pears and raisins and finish cooking over low heat.  Serve with Pesto sauce. 
Enjoy
 

Wine & Local Trivia:
What famous couple spent their honeymoon in Paso Robles?
  a) Clark Gable and Carole Lombard
  b) Marilyn Monroe and Joe DiMaggio
  c) Humphy Bogart and Lauren Bacall
  d) None of the Above

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

Paso Style Living Real Estate: (Real Estate market conditions in Paso Wine Country)
What's Selling! What's Not! The California Association of Realtors reports for April that home sales are down 27.8% while median home prices are up 6.2%.  So why are home prices up and sales volume down?  
     Good Quality, Stylish homes are still selling for good value!  There is a volume of homes on the market that, to use the official term, are Functionally Obsolete. More commonly, "Dated".   Two years ago people were willing to buy a "dated" home because they knew they could invest $100,000 bringing it up to today's style and make money in the expanding market. 
     Home styles seem to go in 10 year cycles.  When you walk into a home and can immediately identify the probable year of construction based upon the style of Kitchen Cabinets, Countertops, Flooring, Tile, etc.  The Home is "Dated" and will not yield the same pricing as a updated home.   
(Single Family Homes, SFRSB)

Area  (4/1/2007-4/30/2007)

Avg Price

Homes Available

Sold/Pending

Atascadero

$596,880

228

69

Paso Robles

$614,002

511

87

Templeton

$666,180

93

17

All Paso Wine Country

$654,180

978

193

Paso Wine Country contains the following real estate areas (Paso Robles, Atascadero, Templeton, San Miguel, Creston, Shandon, Santa Margarita, Bradley, and Chalome)

Ron Johnson
Broker Associate, RealtorŪ
(805) 423-1902
www.pasostyleliving.com