15 Acres on Templeton's Westside

 -- Located in the Santa Rita Creek area, this beau. property has a 2,400 sq. ft. newer barn, 1 acre Zinfandel vineyard, well, a secluded location and is only a short drive to town.  Go to Here

FEBRUARY NORTH COUNTY REAL ESTATE STATISTICS

- Activity continues to increase and the big news is at the bottom so keep reading!
 Sales of all North County real estate types increased 12% in February over January and are up 19% over February of last year.  Properties in escrow are up 7 % from last month and up 11% over Feburary of last year. Active listings on the market are down 31% when compared to the same time last year.  The inventory of properties on the market is down a whopping 43% from the same time last year!!

IT"S EVERYWHERE!

- As I reported at the 1st of the month, properties available for sale in the North County are down a whopping 31% from last year at this time. It seems that is happening almost everywhere across the nation. So; prices are at 2001-2003 levels, interest rates are at record lows and inventories are almost 1/3 down. What does economics 101 tell us?? Time to buy?? Check out this Wall Street Journal article. Click here

In the Heart of the Wine Country

Looking for Vineyard Property or a Prime Location for a New Country Home? - then take a look at this very nice app. 81 acres in an area of vineyards and country estates.  Click Here

A Huge Problem

 - for homeowners  has been that if they owe more on their home then it is worth (underwater)  they have not been able to refinance and  lower their interest rate with the new low rates since the home will not appraise for the amount owed on it.  However, if you are current on your payments and if  your loan was backed by FNMA  (fannie mae) or FMAC freddie mac) on or before 5/31/2009, you may be luck.    You can now refinance your home no matter what the balance may be to the new current rates and lower your payments if you meet customary underwriting guidelines.   To learn more, go to http://www.mainstreet.com/article/real-estate/more-help-homeowners-harp-20

JANUARY NORTH COUNTY REAL ESTATE STATISTICS

- Sales of all North County real estate types decreased 23% in January over December and are down 1% over January of last year. It is normal for January closed escrows to be much lower then December due to not many escrows being opened in November and December due to the holidays. Properties in escrow are up 15 % from last month and up 24% over January of last year. Active listings on the market are down 31% when compared to the same time last year.

New Listing

- Beau. 3 bdr. 2 1/2 bath with an office on 3.4 acres -- See Here