Beau. Oak Studded Westside Templeton Acreage -

- This app. 15 acres in the Santa Rita Creek area is close to town but is very secluded. Newer barn with cement floor and power, 1 Acre Zinfandel Vineyard and well. To see the virtual tour and more info, go to http://www.timbryan.com/listings/index.php?listing=174170

OCTOBER NORTH COUNTY REAL ESTATE STATISTICS

- Sales of all North County real estate types decreased 12 % in October over September but are 10% over October of last year.  Sales for the first 10 months of this year are also now up 18% versus the 1st 10 months of 2010. Properties in escrow are up 5 % from last month and up 26% over October of last year. Active listings on the market are down 14% when compared to the same time last year. Northern San Luis Obispo County real estate sales are still improving versus other areas of the country. 

VERY SURPRISING!!

 - to see where homeownership is the highest and where it is the lowest ! Not where you would normally guess. Go tohttp://lowes.inman.com/newsletter/2011/10/18/news/157206

HATE TO ADMIT I WAS RIGHT -- but..

 Since the housing crisis started the federal government has come up with a few major programs to try and help distressed homeowners stay in their homes. As I looked at each one of them my first opinion was that this would not work unless the principal balance of the loan was reduced and no lender would want that to happen. Without that key ingredient, people would not qualify in today's lending environment for the same loan balance they were underwater on and would not be motivated to do so, even though if they could. The House Financial Services Committee just took a look at these and the results were not good news. Take a look at Ken Harney's excellent and detailed analysis.   Click here

 

SEPTEMBER NORTH COUNTY REAL ESTATE STATISTICS

- Sales of all North County real estate types decreased 8 % in September over August  but are up 22% over September of last year! Sales for the first 9 months of this year are also now up 19% versus the 1st 9 months of 2010. Properties in escrow are down  7 % from last month but up 22% over September  of last year. Active listings on the market are down 13% when compared to the same time last year.   Northern San Luis Obispo County real estate sales continue to improve this year over last despite the rest of the USA having a rougher time.

Everybody Up Against the Wall!

 -- I love Lou Barnes's recent column where he takes no prisoners . His column is also on the whole economy and not just real estate but I found it so thought provoking I decided to post it here. We all have the tendency to to side with whoever follows the rest of our political beliefs when they promote their brand of economic policy. In this day, we may have to stop just reacting and start listening and thinking.  Check It Out

AUGUST NORTH COUNTY REAL ESTATE STATISTICS

- Sales of all North County real estate types decreased 11 % in August over July but are up 34% over August of last year! Sales for the first 8 months of this year are also now up 19% versus the 1st 8 months of 2010. Properties in escrow are up 8 % from last month and 23% over August of last year. Active listings on the market are down 8 % when compared to the same time last year.