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Paso Robles Local News
News for Paso Robles, CA - October 20th, 2015 3:11pm
Paso Robles is like living in paradise. Our quaint downtown area surrounds our park offering dining, wine tasting, a cinema and more. Paso Robles is perfect for families with children offering lots of sports, 4H activities. For the retirees we offer golf, lots of equestrian events, over 160 wineries and art galleries. Our home prices are affordable offering single family homes, ranches, acreage, vineyards and more. You can enjoy country life and be only 15 minutes from downtown. It's the best of both worlds. Call us today for a free DVD of the area. Once you come to Paso Robles you won't want to leave.
News for Paso Robles, CA - Tuesday February 16th, 2010 5:15pm
Paso Robles is like living in paradise. Our quaint downtown area surrounds our park offering dining, wine tasting, a cinema and more. Paso Robles is perfect for families with children offering lots of sports, 4H activities. For the retirees we offer golf, lots of equestrian events, over 160 wineries and art galleries. Our home prices are affordable offering single family homes, ranches, acreage, vineyards and more. You can enjoy country life and be only 15 minutes from downtown. It's the best of both worlds. Call us today for a free DVD of the area. Once you come to Paso Robles you won't want to leave.
National Market Conditions
2018 1st Quarter Market Report: Home Sales Steady - Prices Continue to Rise
The 1st quarter of 2018 ended on a good note with March existing home sales only down slightly over last year, and with 2018 home sales expected to exceed 2017 excellent year. Home Prices in 2018 continue to rise, increasing 5.8% over the end of March last year.
The most notable change in the 1st quarter was an increase in seller activity. Our survey showed that in 46% of the markets surveyed there were still more buyers than sellers, but a decrease of 27% from March 2017. Additionally, 17% of our markets surveyed showed more seller activity than buyer activity, an increase of 8% over last year. The remaining 37% of the markets showed an equal amount of buyer and seller activity which was an increase of 19% over last year. The increased activity, however did not ease the tight inventory 73% of our markets showing a very tight supply of homes available for sale. Home prices are also on the rise with 86% of markets showing price appreciation in the last year.
According the National association of Realtors (NAR) existing home sales in March were down 1.2% over last year, but annual sales are expected to hit 5.6 million units compared to 5.1 million in 2017; inventory of unsold homes is at a 3.6 month supply and 46% of all homes sold in under one month.
The data in this report is generated primarily from our survey of HouseHunt.com exclusive member real estate agents across the United States. This grass roots approach to studying the housing market gives us a thorough look at where the real estate market is through the eyes and perspective of the local real estate agents who are living and working in the trenches of each community.
Buyer and Seller Activity
The trend in both buyer and seller activity is up significantly in the 1st quarter of 2018 compared to the buyer and seller activity from last year. Buyer activity is steady or increasing in 94% of the markets surveyed and decreased in only 6% of the markets surveyed indicating a significant 8% increase in activity from Spring 2017. Simultaneously the trend for seller activity posted a solid 10% gain in the 1st quarter of 2018 with 85% of the markets indicating steady or increased seller activity compared to 75% of the markets at this time in 2017. Despite increased seller activity there are still more buyers than sellers and homes are selling quickly. In fact, according to NAR inventories have decreased to 3.6 month supply compared to 3.8 months in March of 2017. A balanced "normal market" is considered to be a 6 month supply of homes for sale.
...Read Full Article
The 1st quarter of 2018 ended on a good note with March existing home sales only down slightly over last year, and with 2018 home sales expected to exceed 2017 excellent year. Home Prices in 2018 continue to rise, increasing 5.8% over the end of March last year.
The most notable change in the 1st quarter was an increase in seller activity. Our survey showed that in 46% of the markets surveyed there were still more buyers than sellers, but a decrease of 27% from March 2017. Additionally, 17% of our markets surveyed showed more seller activity than buyer activity, an increase of 8% over last year. The remaining 37% of the markets showed an equal amount of buyer and seller activity which was an increase of 19% over last year. The increased activity, however did not ease the tight inventory 73% of our markets showing a very tight supply of homes available for sale. Home prices are also on the rise with 86% of markets showing price appreciation in the last year.
According the National association of Realtors (NAR) existing home sales in March were down 1.2% over last year, but annual sales are expected to hit 5.6 million units compared to 5.1 million in 2017; inventory of unsold homes is at a 3.6 month supply and 46% of all homes sold in under one month.
The data in this report is generated primarily from our survey of HouseHunt.com exclusive member real estate agents across the United States. This grass roots approach to studying the housing market gives us a thorough look at where the real estate market is through the eyes and perspective of the local real estate agents who are living and working in the trenches of each community.
Buyer and Seller Activity
The trend in both buyer and seller activity is up significantly in the 1st quarter of 2018 compared to the buyer and seller activity from last year. Buyer activity is steady or increasing in 94% of the markets surveyed and decreased in only 6% of the markets surveyed indicating a significant 8% increase in activity from Spring 2017. Simultaneously the trend for seller activity posted a solid 10% gain in the 1st quarter of 2018 with 85% of the markets indicating steady or increased seller activity compared to 75% of the markets at this time in 2017. Despite increased seller activity there are still more buyers than sellers and homes are selling quickly. In fact, according to NAR inventories have decreased to 3.6 month supply compared to 3.8 months in March of 2017. A balanced "normal market" is considered to be a 6 month supply of homes for sale.
...Read Full Article
Fall 2018 Market Update
If you can qualify, now is an exceptional time to buy a home in Paso Robles. Low rates with affordable home prices makes a home purchase a great value! Buy now because we expect our market prices to continue to rise. Call now for more information on 0 money down financing at 805-674-0643
Average Sold Home Price: $400,000
Average Time on Market: 10-30 days
Best Selling Price Range: $350,000 - $399,000
Existing Home Prices for the past 90 days: Increasing
Market Trend: Decreasing
Buyer's or Seller's Market: More buyers than sellers
Buyer Activity for the past 90 days: Increasing
Seller Activity for the past 90 days: Increasing
Multiple Offers? Yes
Multiple Offers Commentary: Seller’s are starting to experience mulitple offers due to the limited supply of homes in the area.
What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? 5-10%
Is Financing Available For Qualified Buyers? Yes
Comments on Financing For Qualified Buyers: We have a no money down program called USDA that allows buyer to purchase a home with 0 down payment. It allows the seller to pay buyers closing costs. This is a great program for the first time buyer.
Housing Inventory: Limited Supply
Housing Inventory Comments: Our inventory is still on the low side. Our prices have increased and getting close to the 2005 prices. Our homes seem to be selling quickly and close to the asking prices with multiple offers
Greatest Activity: Repeat Buyers
Best reason to buy or sell: Paso Robles is a great place to live. We have fewer available properties which creates are prices to be a little higher. Properties in this area seem to hold their value, it is a good place to invest your money. Paso Robles offers the small town feel. Perfect place to raise a family.
Nearest Metro Area: San Luis Obispo
Housing Hot Spots: Most cities within the San Luis Obispo County area are considered �Housing Hotspots�. We have many newer neighborhoods in Paso Robles with large family homes. San Miguel is also a growing city and we have new affordable developments hitting the market.
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Mortgage Rates for Dec 14th, 2018
30 year fixed rate: 4.51%
15 year fixed rate: 3.90%
30 year jumbo rate: 4.41%
15 year jumbo rate: 4.12%
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Jeff and Betty Stelzl Berkshire Hathaway HomeServices Hallmark Realty Specializing in Paso Robles Real Estate 800 11th Street Paso Robles, California 93446 805-674-0643 Email Me | Receive New Listings by Email |
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(Because current market conditions can change rapidly in any given marketplace,
please check with Jeff and Betty Stelzl for current Paso Robles, CA market conditions before acting on this information.)
please check with Jeff and Betty Stelzl for current Paso Robles, CA market conditions before acting on this information.)
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