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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 2nd Quarter Market Report: Home Sales Stall but Prices Rise

The 2nd quarter of 2017 ended on a down note with pending home sales dropping for three straight months. However home prices continue to rise at a rapid pace with median home prices up 6.2% year over year. The primary reason for the slow-down in sales is the limited number of homes for sale, higher prices and less buyers being able to afford to buy a home.

The most notable change in the 2nd quarter was how fast the homes were selling. Our survey showed that in 70% of the markets surveyed homes sold in under 60 days compared to 53% in 2nd quarter 2016, resulting in a whopping 17% increase. Additionally we found that 84% of the markets reported a tight to very tight supply of homes compared to 66% last year...another whopping 18% increase. The tight supply of inventory is causing homes prices to rise with 91% of all markets surveyed reported price appreciation. 34% of the markets reported appreciation over 5% and another 27% reported appreciation in excess of 10%.

According the National association of Realtors (NAR) existing home prices were up 6.2% over last year. The inventory of unsold homes is at a 4.6 month supply and 54% of all homes were sold in under one month. Still home sales dropped overall due to the low inventory of homes for sale.

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 buyer activity is significantly higher than seller activity. Our Realtors reported increasing buyer activity in 89% of the markets - up 15% from last quarter and 5% over last year. However seller activity increased in only 49% of the markets - down 9% from last year and up 5% over last quarter.

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Fall 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.

Contact Information
Jeff and Betty Stelzl
805-674-0643
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Mortgage Rates for Nov 19th, 2017
30 year fixed rate: 3.84%
15 year fixed rate: 3.15%
30 year jumbo rate: 4.10%
15 year jumbo rate: 3.80%
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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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