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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
2017 1st Quarter Market Report: Home Sales Start Strong in 2017

The 1st quarter of 2017 ended on a strong note with March existing home sales reaching its highest pace in 10 years despite low inventories of homes for sale.

The most notable change in the 1st quarter was another huge increase in markets where there were more buyers than sellers resulting in quick sales and low inventory. Our survey showed that in 73% of the markets surveyed there were more buyers than sellers, an increase of 15% over the 4rd quarter and an increase of 13% over the 1st quarter of 2016. Additionally, 80% of our markets survey showed a tight supply of homes, an increase of 10% over last quarter and 13% over last year. Home prices are also on the rise with 92% of markets showing price appreciation in the last year.

According the National association of Realtors (NAR) existing home sales in March were up 5.9% over last year; inventory of unsold homes is at a 3.8 month supply and 48% of all homes sold in under one month. That is a strong sellers market.

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 slightly in the 1st quarter of 2017 compared to the previous quarter. Buyer activity increased in 74% of the markets surveyed and decreased in 14% of the markets surveyed indicating a significant 8% increase since the 4th quarter o f 2016 and a 1% decline in activity from Spring 2016. Simultaneously, the trend for seller activity continued to increase in the 1st quarter with 45% of the markets indicating increased seller activity compared to 42% of the markets in the 4th quarter of 2016 and 40% of the markets this time last year. Despite increased seller activity there are still more buyers than sellers and homes are selling quickly.

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Summer 2017 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.

Average Sold Home Price: $400,000

Contact Information
Jeff and Betty Stelzl
805-674-0643
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Mortgage Rates for Jun 22nd, 2017
30 year fixed rate: 3.76%
15 year fixed rate: 3.02%
30 year jumbo rate: 4.24%
15 year jumbo rate: 3.82%
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Real Estate Professional, Jeff and Betty Stelzl 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
Brokerage Logo of Berkshire Hathaway HomeServices Hallmark Realty
(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.)
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