Central Coast Real Estate and Community News

Check here for local real estate news, market forecasts and new listing announcements! 

Feb. 1, 2021

January 2021 Wrap up

January 2021 Graphic

How have we already completed the first month of 2021? So much has happened and our team has been so busy that the month just flew by.  For those of you who are still struggling through issues related to the pandemic, our hearts go out to you.  So many families have lost so much, we can only hope that brighter times are on the horizon. 

If you are on social media, check out our Facebook and Instagram pages.  We do our best to post current information on a regular basis.  Just type in @thewinecountryteam and look for our logo.  We will begin posting and tagging local business soon so if you use social media and would like a shout out, message your favorite team member and we'll make it happen! 

On to a quick market update.  As most of you know, the homes available for purchase is very limited at the moment.  Hopefully, with spring right around the corner, more homes will hit the market.  2020 saw more real estate transactions than we could have imagined, and we could have sold more if more properties were available!!  So far 2021 has been similar. Don't take our word for it! According to Fred Bruen- AKA The RE/MAX Parkside Statistician- as of January 26th the median sales price is up 6% and inventory is down 53.7%!  

Currently we have multiple buyers looking for estate properties in Northern San Luis Obispo County and Southern Monterey County.  These are well qualified buyers ready to go. 

We also have multiple buyers looking for a recreational property, vacation home or a remote location to move out of town.  

If you have been thinking about downsizing, upgrading or moving out of the area, let's talk. We are always happy to help you make the best decision for your unique situation.  

A few notable new properties for sale- 

Renegade Ranch, King City- 3,400+/- acres game fenced locate in Southern Monterey County with approximately 50 acres planted in Cabernet Sauvignon, two homes, a pond and water system to feed both the vineyard and animals on the land (cattle, bison and more!) $6,500,000

75+/- Acres on Las Tablas Willow Creek Road- Willow Creek AVA, beautifly gently rolling land with a stunning build site, seasonal creek, oaks, pine trees, power on the property and a recycled based road to the top of the hill.  Two wells, ready for someone to fulfil their dream.  $2,800,000

2985 White Oak Road, Templeton- unique 2,000+/-sf home on just under 17 private acres with a shop building that is just under 3,000sf.  Conveniently located, just minutes to highway 101 or (more importantly) Trader Joes and Pier 46! $1,125,000

Posted in Market Updates
Jan. 3, 2021

New Year, New Team, New Listings!

Welcome to the new blog for The Wine Country Team of RE/MAX Parkside Real Estate! We are happy to announce that Wade Taylor, Vicki Silva, Mitch Culver, Alicia DiGrazia and Jamie Kelton have joined forces to become the most knowledgeable and most experienced real estate team in SLO county. We look forward to working with you in the upcoming New Year!

Now on to the important stuff.... Take a look at this new listing! This charming, newer home (2014) is just a short stroll from the Templeton Farmer's market and downtown park. Conveniently located near three of Templeton's highly acclaimed schools. This well maintained 4 bedroom, 2.5 bath home boasts many tasteful features and upgrades. Full virtual tour and professional photos will accompany this brand new listing when it hits the market and MLS tomorrow morning! Dont miss out, call or email if you have any questions or interest. This one wont last! 675 Lincoln Ave, Templeton. Priced at $699,000.  

Posted in Market Updates
Dec. 31, 2020

2020 North SLO County Review and 2021 Forecast

Hopefully this first blog post finds you and your family healthy and ready to leave 2020 behind.  It is time to move forward into 2021.  

Home buying demand has been fierce in North SLO County since June of 2020.  Our county and our community are experiencing a generational shift in real estate demand and activity.  A seemingly perfect storm of low interest rates, remove workplace options, deteriorating urban environments and the high cost of city living have created an exodus of urban refugees seeking a higher quality of life and lower cost of housing. North County is in the right place at the right time to service this raging buyer demand. 

Our 2020 year started out strong but hit a speed bump with COVID in early spring.  Once our markets opened backup we have seen strong demand and supply limitations due to seller reluctance to list property with the COVID cloud overhead.  The median price will finish the year at $575,000 versus $505,000 in 2019.  That 15% increase, year to year, is similar to what many communities experienced nationwide. 

There were 340 available homes for purchase a year ago versus 194 available today.  It's the strongest seller's market in decades.  The actual numbers of sold homes rose 7% year to year.  More homes would sell if more homes were available. 

Ranch properties and vineyards have enjoyed an increase in demand but supply still is ample in these categories.  Grape prices rebounded a bit as smoke taint from the North Coast caused the bulk market overhang to be depleted.  There is good value in these larger offerings for buyers. 

In the commercial property arena, multi-family and renal homes are still in strong demand.  Downtown retail and hospitality properties are dormant for health reasons.  The vacation rental market is still strong even with the serial shutdowns from Sacramento. 

We want to give credit to our city leaders here in Paso Robles.  These people have managed outside elements of chaos and COVID challenges with calm and clarity.  We have something good in North County and there will always be those looking to tear down our city.  Our police are awesome.  Safety is the number one quality of life issue and we have safety. 

Later into December, our clients are busy so we are busy.  Our market will soften when values in the urban markets start to drop.  We are an inbound market and out values lag a bit behind San Francisco and Los Angeles.  The urban values have not started to decline but rents have started to decline in these areas of urban decay. 

North County is a citizen governed community that will face many challenges in the coming years.  Our wine industry and the hospitality industry is world class.  Politically and financially our community has stood tall as many have failed.  We have natural resources that are rich and accessible.  We will see strong buyer demand in the first quarter.  Call us today if you want to get your property sold, this is an optimum market moment for sellers. 

 

Posted in Market Updates