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Wine
Notes:
(Local RE and Wine News)
Paso Robles Wine Festival:
It's May, so that means it's time for the 26th annual Paso Robles Wine
Festival. This annual event held the 3rd weekend in May has become one
of the largest outdoor tasting events in the country. Over 100
wineries will be pouring over 400 premium Paso Robles wines. This year
some new activities are planned with a Demonstration Kitchen, Artisan Alley
of local foods and more. This is a don't miss event for any wine
lover. May 16-18
Paso Wine
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Quick Real Estate Facts:
(Calif) |
Median home price -
$413,980 |
Highest median home price
Santa Barbara So. Coast $1,140,000 |
Lowest median home price
High Desert $210,660 |
Mortgage rates - week ending
03/27:
-30-yr. fixed: 6.03%; Fees/points: 0.3%
-15-yr. fixed: 5.62%; Fees/points: 0.3%
-1-yr. adj: 5.29%; Fees/points: 0.5% |
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Featured Property:
The best Multi-Family lot in Paso
Robles and what could be the best Multi-Family lot in the county.
Easily accessible, 5.8
acres of level, easy to develop land in a great location. Near golf
course, new retail development, wineries and other recreation facilities. Paso Robles
specific plan zoning of MF-12.
Call me for more information!
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Food Corner:
(Personal recipes and Favorite Restaurants of the Paso Wine Country)
Spicy Cucumber and Mango Salad: As spring and summer approach
here is a cooling and tasty salad which is easy to make and is certain to
please.
| 1 |
Mango |
| 1 |
English Cucumber |
| 1 |
Small Jicama |
| 1 |
Jalapeno Pepper |
| 1 |
Serrano Pepper |
| 1 |
Juice of 1 Lime |
| 2 tbls |
Paso Wine Vinegar |
| 1/2" |
Grated Ginger Root |
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Peel and cube
the Mango, Cucumber, and Jicama into 1/2 inch cubes.
Finely chop peppers grate ginger. Combine all
ingredients. Refrigerate 30 minutes before serving.
Enjoy!
Wine
& Local Trivia:
Who was Ignacy Paderewski?
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a) |
Early Paso Robles
Vineyard owner and Vintner. |
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b) |
First
Prime Minster of Independent Poland |
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c) |
World Famous pianist
and composer |
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d) |
All 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)
Is
this the right time to buy Real Estate? I think it is.
Prices are down because of excess inventory. We have excess
inventory because just 2 years ago 20 to 30% of the homes sold were to
people had no intention of making them their primary residence or
renting. This was fueled by escalating prices and availability of
easy to qualify loans. When the world financial markets stabilize
the market will return and the inventory will quickly dissipate.
It's going to cost money to build additional inventory. There are
homes on the market today that construction costs would be greater to
rebuild assuming a $0 land cost than what the home is selling for.
In some cases I've seen nice homes sell for less than the
land cost. There is an excellent example in Atascadero. The
home is on 3.8 acres with oak trees, paved drive, quiet serene area with
beautiful mountain views. A a dream location. A vacant lot
of this type and size would normally be priced around $450,000, maybe
more considering a water meter is already in place. The home
recently sold for $464,000. So someone purchased a 2700 sqft
home build in 1980, recently remodeled for the value of the land!
With some simple remodeling this home can be someone's dream home.
The cost to buy the land and rebuild this home would probably be over
$1,000,000..
Deals are out there. Let me help you look.
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Area
(4/1/08-4/30/08) |
Avg Price |
Homes Available |
Sold/Pending |
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Atascadero |
$392,946 |
243 |
42 |
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Paso Robles |
$387,207 |
359 |
103 |
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Templeton |
$694,600 |
98 |
10 |
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All Paso Wine
Country |
$407,493 |
827 |
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, RealtorŪ
(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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