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Wine
Notes:
(Local RE and Wine News)
Paso Robles Wine Festival:
This past month's annual Paso Robles Wine Festival was the best yet.
Each year the event's organization matures, but The
Wine! Yes, The Wines, all the wines I tasted were very
good. I've attended the event for many years now, and
I have to admit in the past there were some wines which were
marginal at best, but this year all the wines were
very good to excellent.
My favorite from the event was the Cab from a new small
winery, Ecluse. The wine has a full balanced flavor
and will probably age very well. I felt it was one of
the best Cabs I've tasted in a while!
An
Evening of Music and Wine:
It's almost Fair
time!
The
California Midstate Fair!
(con't) |
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For those not
familiar with this event, it's a time to enjoy some of
the best musical performers at one location in the country.
Most important is Friday night, August 1st. Boz Skaggs
will perform for the Evening of Music and Wine. By
far, the best event anywhere to enjoy great music and
excellent wine.
www.midstatefair.com
Quick Real Estate Facts:
(Calif) |
Median home price -
$403,870 |
Highest median home price
Santa Barbara So. Coast $1,170,000 |
Lowest median home price
High Desert $210,860 |
Mortgage rates - week ending
03/27:
-30-yr. fixed: 5.98%; Fees/points: 0.5%
-15-yr. fixed: 5.55%; Fees/points: 0.6%
-1-yr. adj: 5.24%; Fees/points: 0.6% |
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Food Corner:
(Personal recipes and Favorite Restaurants of the Paso Wine Country)
Mushroom Frittata: This recipe is from a local Mushroom Farm,
Oak Hill Mushrooms in Atascadero.
| 4 |
Large Eggs |
| 7oz |
Pepper Jack Cheese, grated |
| 4 tbsp |
Olive Oil |
| 1 tbsp |
Wine vinegar |
| 2 tbsp |
Soy Sauce |
| 1/4 cup |
Bell Pepper Chopped |
| 2 tbsp |
Diced Green Onion |
| 1 |
Garlic Clove, Chopped |
| 8 oz |
Mushrooms, Sliced |
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Beat eggs,
season to taste; Heat oil in 10" skillet over medium heat.
Add the veggies, wine, garlic, and soy, sauté until
soft. Turn heat to low, Add eggs, cook for 3 minutes.
Sprinkle cheese on top, cover, until cheese is melted.
Enjoy!
Wine
& Local Trivia:
What is the difference
between Port and Late Harvest wine?
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a) |
None, Port is a
late harvest wine from Portugal |
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b) |
Port
is a mixture of Brandy and wine. |
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c) |
Late Harvest in
another name for Ice Wine, much different than Port. |
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d) |
None, They are
both fortified wines |
(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)
The
statistics for this month are very similar to last month.
Inventory level are almost exactly the same; Average selling prices are
close; and mortgage rates are still very low. This is good news
compared to what we've seen for the past year.
I wanted to express my viewpoints on the national economy
which is at the crutch of what's affecting Real Estate. We all
know the complaints of jobs moving over seas, the price of oil
(denominated in US$s) has skyrocketed; and, of course, the Real
Estate "Bust". I think the problems all points back to the
mortgage business. Here's my reasoning. Much of the US
economy has been dominated by Mortgage Backed Securities (MBS) over the
past several years. The financial markets were fueled by the MBSs
paying high returns with a sense of minimal or no risk. These MBSs
have sucked dollars which otherwise may have been invested in factories,
jobs and infrastructure because of the high rate of return and
understated risks. Building and selling products is a risky
business and returns are not always great. These basic industries
that drive the engine of the US economy have been bypassed in search of
quick returns. Any business has to always look at it's return on
capital investment compared to the safe return of making the same
investment in financial instruments.
I'm sure we will see a shift as the markets learn again what is
considered a "safe" investment.
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Area
(5/1/08-5/31/08) |
Avg Price |
Homes Available |
Sold/Pending |
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Atascadero |
$394,503 |
242 |
37 |
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Paso Robles |
$441,371 |
350 |
105 |
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Templeton |
$690,000 |
97 |
17 |
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All Paso Wine
Country |
$448,111 |
818 |
167 |
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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, Realtor®
(805) 423-1902
www.pasostyleliving.com |
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945 12th Street, Suite F
PO Box 1981
Paso Robles, CA 93447
www.homeandvineyard.com |
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