Today, Guy Rivera at Guarantee Mortgage said in his daily blog "Inflation around the globe is low and economic growth is soft - this will keep our interest rates relatively low for the foreseeable future. The Fed has said they are watching the slowdown around the globe when considering monetary policy. The two-day Fed meeting will take place next week and with growth around the globe weak and disinflation creeping in - there is virtually zero percent chance of a hike and likely none for quite some time". That should make those rate hawks out there happy and make those of you still shopping feel a little more secure in waiting until they find just the right thing.
New Listings (4)
3353 Long Valley Road, Santa Ynez (18.93 acres) 550K Sharon: Seller willing to consider a trade. Nina: A parcel that has always been appealing to me for its' location and building potential, coupled with a seller who is interested in a trade, makes this property very interesting. Priced at under $30,000 an acre in Woodstock Ranch, it's a good candidate to buy and hold or to build your dream home. Listed by Maryann Foss of Sothebys.
612 Hillside Drive, Solvang (4/3 on .24 of an acre) 825K Came on the MLS today as already pending. Listed by Jan Finley and Wendy Carpenter of Sothebys.
1260 Olesen Drive, Solvang (3/2 plus casita on .24 of an acre) 895K Sharon: I was the listing agent on this home when it sold last June. At the time, it was only on the market 27 days because it is a super awesome property. It was mint condition at the time and I assume it still is. The color palette is all currently trending so will please any of you magazine/Magnolia/HGTV groupies out there. A year ago, all the flooring was brand new. Upper level lighting choices and other amenities everywhere and a dynamite pergola and yard. The casita is wonderful for older kids, family, guests or a fab home office or gym. The builder built very few of these casita models so if you have been waiting for one, nab this one for sure. Great location too and don't overlook the climate controlled wine room in the garage ... it can hold a serious amount of wine or use it to store food etc. or even as a safe room. A real winner in its class. Nina: All of the components of a move-in ready home are present here. The property has been tastefully done and the landscaping is fairly low maintenance. The guest casistas is an added bonus. Well priced for what it has to offer. Listed by John Frederick of SYV RE.
620 Foxen Lane, Los Alamos (4/3 on .93 of an acre) $1,095,000 Listed by Suzy Ealand and Ken Sideris Berkshire Hathaway
Price Reductions (2)
800 E Highway 246, Solvang (winery on 60+ acres) Was $5,749,000 with a new price of $5,495,000. Sharon: This is a good way to take the cost mystery right out of a winery start up. Buy the winery without the start up part! No sweating bullets as the costs go higher. No daily tough decisions to make. No worrying about permits. No wondering what the final costs will be. You know what the cash up front investment is going to be instead of simply winging it and you don't have to wait for market share to ramp up either. Preferred high traffic and visibility location and easy turn in from highway 246 along this gorgeous section of the road. Formally high end horse farms, these ranches are making some mighty fine wine these days. A very pretty campus with easy access for wine enthusiasts, this is basically a turn key winery waiting for a new owner to enjoy. This is about as easy as it gets in this business, now at an even better price. Nina: This property makes sense for someone looking for a ready wine operation. It has a lot to offer in the way of location and facilities, varietals, structures and land area. The grapes and production facility are already on-site so if you're looking to move your wine operations to the Santa Ynez Valley, this could be your opportunity! . Listed by Claire Hanssen and Brett Ellingsberg of Berkshire Hathaway
2753 Gypsy Canyon Road, Lompoc (3/2 on 127+ acres) Was $5,450,000 with a new price of $4,750,000. Listed by Randy Freed and Joe Ramos of Berkshire Hathaway.
Under Contract (3)
761 Elsinore Drive, Solvang (3/2 on .44 of an acre) 920K Listed by Shane King of SYV RE
2940 Quail Valley Road, Solvang (main house plus full guest house on 1.5 acres) $1,150,000 Only 6 days on market including Easter weekend when nothing happens. Listed by Misty Means of Keller Williams
551 Ballard Canyon Road, Buellton (4/3 on 4.52 acres zoned RS-6) $1,395,000 Listed by Laura Drammer of Berkshire Hathaway
1314 Edison Street, Santa Ynez (3/2 on .23 of an acre) Listed at 679K and sold final for same, 679K. A lot of newer mint condition open concept home and pool for the money. Only on the market 3 days. Listed by Terrence Ryken of Compass.
**Click on each hyperlink to see the listing office related to each property. Property links may not open if you are using Internet Explorer as your browser. Transactions noted here were completed by myself and other Realtors. I clearly identify those that I participated in. The hyperlink to each listing shows the listing office name if you would like to contact them directly. If you aren't already, please ask to be on my Daily Real Estate Update email list to receive the complete blog post with pics and aerials sent to you daily via email versus you having to remember to check my website or Facebook. Due to recent copyright issues, pics only appear on the email version. The identity of those on my list is not shared and I don't spam anyone. My daily updates are not a complete list of everything that happened today but instead events the general reader might find interesting or items you need to know to make good decisions. These informational items are also readily available on a variety of other sites. Readers should consult other venues of information gathering to find out more or to complete their information gathering efforts but this is a great place to start and I write every day Monday through Friday letting you know what I know. I will NEVER send you a request to wire money. If you ever receive a request from me to wire money, it is a scam. Do not reply to it but do forward it to me at firstname.lastname@example.org for further investigation by our company tech staff. Real estate related wire fraud is rampant worldwide.
Sharon Currie Realtor License #01357602
Nina Stormo Realtor License #01341678
Berkshire Hathaway Home Services BRE#01317331
Physical: 2933 San Marcos Ave #102, Los Olivos
Mailing: P O Box 778 Los Olivos CA 93441
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