Paso Robles Area Real Estate

Eagle School, Indian Valley

Occasionally, we get to represent buyers and sellers in the purchase of historical properties.  Today we had the pleasure of representing both the buyer and the seller on is beauty!

The sellers family purchased the school house in Indian Valley back in the 1960s and we are happy that a local family purchased the property and plan on breathing life back into the structure.

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Photo by Johnny Mckane on Pexels.com

Thank you

We would like to thank all of our family,  friends and clients who have supported us over the years.  We appreciate each and every one of you.

It’s not just the referrals of your friends and family, and using us to buy and/or sell property (although that is what we love). It’s also understanding when we have to cut a visit short to go meet a client or inspector.  It’s understanding when we show up to an event or a meeting late because we needed to help a client with an issue.  It’s answering the phone when we need your expertise to guide us, and our clients, through an issue on a property.

From the bottom of our hearts, thank you.

 

 

2018 Closed Sales

A friend recently sent me this graph tracking the closed real estate transactions of 2018. The deep red line is 2018.  Keep in mind that closings are typically negotiated 30-60 days prior to closing. June and August had steep inclines in velocity however the remainder of the year it really tapered off and ended the year at the lowest number of close sales in the past 7 years while August set the record for the most closings in the past 10 years.

As the stock market continues to be volatile, and the interest rate remains low despite the slight uptick it had in 2018, we will see what 2019 brings.  I’d say it will likely be challenged by low inventory.  We have buyers wanting to purchase so if you have been on the fence about selling, now would be a great time to give us a call so we can map out a plan that is right for you.

 

2018 Northern San Luis Obispo County Home Sales

The best quote that caught my eye on social media lately: “The interest rate on rent is 100%.  Remember that when you hear rates in the 4s, 5s and 6s!”.  One thing I always tell my clients: “Don’t base your decision to buy on appreciation alone.  Real estate goes in cycles meaning prices go up and down.  If you have a fixed payment that you can afford, you can weather any cycle, your payment every month will help pay down what you owe like a built in savings account.  The appreciation in the market is a bonus.”  This is true for purchasing a primary residence and investment properties alike.  Everyone’s finances and financial goals are unique.  That being said let’s dig into what happened in the market in 2018!

Below is a summary of the 2018 real estate market.  According to the information tracked by Fred Bruen, Realtor with RE/MAX Parkside Real Estate, the number of sales in Northern San Luis Obispo County decreased 15% from 2017 while prices increased 3% over the same period.  This tells me that buyers are really taking the time to evaluate their wants and needs before making a purchase.  This may be partly due to the slight uptick in interest rates but in the last month or so rates have dropped a little.

The 2 graphs below show Northern San Luis Obispo County single family home sales totaled 302 units in the 4th quarter of 2018. This is down 15% from the 354 units sold in the 4th quarter of 2017. This downward movement is in line with most markets across the U.S. You may click on a graph for a larger image. This is an indication that demand is waning when we consider that we had only 2.6% fewer new listings come on the market in 2018 over 2017 but 15% fewer sales. You may click on a graph for a larger image.

 

The following 2 graphs illustrate that the median sale price for the 4th quarter 2018, $475,000, is up 3% over the median sale price in the 4th quarter of 2017 at $462,500. That’s 8 straight quarters of upward movement in value for our little micro-market and nearly double the national median sale price increase reported. You may click on a graph for a larger image.

 

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Additionally, if you are active or retired teacher, veteran, military, fire fighter, law enforcement, medical professional, EMS let us show you how you can save by using the Homes for Heroes program. The program is not limited so you can use it if you are buying or selling real estate and it’s easy to use.  If you are thinking about buying or selling please feel free to reach out to our team, leave a comment below.  We are happy to discuss options and help put you in a position to attain your real estate related financial goals.

SOLD! 550 Hanson Road, Paso Robles

This wonderful property has a new owner for the holidays! Congratulations to our Client, the Sellers and the new owners.   This property closed over a week early, all parties worked together to make it happen before Christmas!  Go Team Work!

874 Sycamore Canyon, Paso Robles

Exquisite move in ready home! This spacious home boasts 4 bedrooms plus a large bonus room, 3 bathrooms, separate family and living rooms and a generous dining area. One guest bedroom and bathroom are located on the main level. The delightful kitchen features granite counter tops, walk in pantry, lots of counter and cabinet space, a generous island, stainless steel appliances, double ovens, and charming tile floors. The kitchen opens to a cozy living room warmed by a fireplace. The large master suite includes an adjoining bonus room, soaking tub, separate shower and giant walk-in closet. Enjoy the benefits of an on demand water heater and a fully equipped home security system. Outside you’ll find a concrete pad along side the house for your RV or boat parking and a low maintenance back yard.

Check out the virtual tour

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Paso Robles Open House

Cynthia Canet of RE/MAX Parkside Real Estate will be hosting an open house at 874 Sycamore Canyon, Paso Robles Saturday, November 17th from 1-3pm.  Come by, say hi, and tour this wonderful home.

Can’t make it Saturday?  That’s okay just let us know and we can set up a private tour that works with your schedule!

 

5355 Camp 8 Road, Paso Robles

This is one spectacular property!  The 3 bedroom 3 bathroom house has stunning views of the neighboring vineyards and surrounding irrigated land. The house is 2,500+/- sq ft with a large enclosed office area between the house and attached garage.  A beautiful covered entertaining area complete with BBQ and bar overlooks the irrigated pasture and the vineyards of Windfall Farms.  The property is powered by a leased solar system.

The land is  approximately 81 acres with 39+/- acres in irrigated alfalfa, 5+/- acres in irrigated pasture and more grazing ground near the back of the property.  The terrain is level to gently rolling with a seasonal creek splitting the irrigated and alfalfa ground.

Priced at $2,600,000 Click here for more information.

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Reduced! 550 Hanson Road, Paso Robles

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Wonderful 20+/- acre parcel adjacent to Paso Robles with a quaint manufactured home, shop, barn, well designed pasture and pen system for horses and livestock.  Enjoy the beautiful vineyards from surrounding the property from the back yard.

$679,000 click here for more information.

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Sold! Congratulations!

Congratulations to our dear client for selling their home in Quail Run 55+ community in Paso Robles.  We hope the new owners will enjoy the home for years to come.