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New Listing! 2 Bdrm, 2 Ba. Rice Ranch Home

Beautiful 2 Bedroom 2 Bathroom plus Den at Trilogy at Rice Ranch, located on California’s spectacular Central Coast. With an abundance of upgrades and options this home will satisfy your buyers looking for top quality. Spacious Kitchen has ample storage, walk-pantry and island that opens to living room. Large laundry room with counter space, sink and office area. Beautiful stone tile flooring in all areas other than bedrooms which have carpet . Private back yard includes large covered patio area. The community also offers park, extensive walking, hiking and biking trails as well as dog park. Solar City lease has been paid off so there will be no lease or electricity payments for new owner.
Shea Hutchinson 805.260.6322

Written by Keith Byrd - Go to Keith's Website/Profile

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New Listing! Beautifully Maintained Los Osos Home

Beautifully maintained home in Los Osos with open, expansive interior spaces. Cathedral ceiling in living/family room adds to wide open feeling. Two woodburning fireplaces, one with a handcrafted mantel and both with gas starters, complement the living and dining areas. Stove, microwave, and dishwasher are new as is the flooring and carpeting. French doors open from master bedroom onto a large patio area as do french doors from the living/family room. Parking is abundant right on the property. The driveway is reinforced with steel fibers and double base concrete. It is triple wide and deep with plenty of additional room to park a large RV. With brick accentuating the front of the home as well as lovely landscaping, the curb appeal is awesome. Located just one block from the Elfin Forest. Professional photos to follow.
Pat Crowe 805.550.1264 Lic#00820238

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New Listing! 4 Bedroom Oceanview Home

Enjoy breathtaking, unblockable, panoramic ocean views from Morro rock to Cayucos Pier and beyond from this recently remodeled four bedroom, three bath, 2800 square foot home! Just blocks from the beach and downtown Cayucos make for easy and convenient access to nearby dining, shopping and beachcombing. Relax with your favorite beverage while watching the sunset from your newly renovated deck completely replaced in June 2017. Plumbing, electrical and lighting throughout the home is brand new, all appliances included with the home were installed in 2016 along with all ducting, air conditioning and heating. Soaking tub and large walk-in shower in master bathroom with a bonus room off the master bedroom. Lots of storage throughout this amazing home. Plenty of outside parking for up to six cars.
Kelly Vandenheuvel 805.471.1046 Lic#01472453

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New Listing! Rare, Custom-Built Ferrini Heights Home

RARE, CUSTOM BUILT Upper Ferrini Heights home with panoramic views of both Bishop’s Peak and Cerro San Luis! This immaculate 4 bed, 3 bath home is move-in ready. The master suite boasts a stunning view from the sliding glass door which also provides access to a private balcony. A fireplace and large seating area creates a relaxing environment for comfortable livability. The master bathroom has dual sinks, a soaker tub, and a separate oversized shower. There is a formal living room as well as a centrally located family room with natural wood beam vaulted ceilings, a built-in entertainment center, and fireplace. The kitchen has ample cabinetry and counter space, dual ovens, provides direct access to the backyard. A breakfast nook with a full-sized window wall highlights a spectacular view of Cerro San Luis while illuminating the kitchen with natural light. A separate dining area located near the formal living room provides space for large gatherings and more elegant affairs. Three additional bedrooms are located on the main level in a separate wing, away from the master bedroom. A bonus loft makes the perfect office as it is open to the main living room, providing the ability to stay engaged when desired, but secluded enough as the only room on the second floor. Other features include an indoor laundry room, three car garage, and a beautifully landscaped backyard. This luxury home will not last long!
Wes Burk 805.801.7061 Lic#01253969

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New Listing! Trillium on Grand

Phase 3 now selling! Brand new home in a brand new community! This is on of 36 homes in Trillium on the Grand in quaint Arroyo Grande. Stop by and see the 2 model homes. This community has 4 floor plans to choose from, 1700 to nearly 2000 square feet. Designer-selected standard finishes, including granite slab counters in the kitchen, wood cabinets, and elegant smooth textured finished walls. Well appointed owners suites with large closets and dual sink vanities. 9′ ceilings in second floors and oversized low-e vinyl windows that make these homes light and bright throughout. Handset paver entry walkway. Common community outdoor space is a wonderful gathering place for family, friends, and neighbors. Fenced yard. Handset paver entry walkway. Attached 2 car garage. You will appreciate the convenient location not far from freeway access, minutes from the beach, downtown, and from San Luis Obispo and South County cities. Photo is a rendering which may not be exact to actual property.
Kim Bankston 805.674.2298 Lic#01051016 or Collette Kutil 805.801.8114 Lic#01880851

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Housing Update

Mortgage Applications

Despite mortgage interest rates being the highest in ten months, homebuyers led the 4.5 percent increase in mortgage application activity in the week of January 19th. Purchase applications for home mortgages rose on a seasonally adjusted basis by 6.0 percent from the week prior. This increase left the year on year gain in the unadjusted Purchase Index unchanged from the previous week’s 7 percent. Applications for refinancing, which is usually more sensitive to interest rates, rose one percent from the previous week. The refinancing share of mortgage activity was down 0.8 percentage points to 49.4 percent.

FHFA House Price Index

Home prices rose a solid 0.4 percent in November with the year on year at 6.5 percent for the FHFA’s house price index. October’s monthly rate is revised 1 tenth higher to 0.6 percent with the yearly rate revised two tenths higher to 6.8 percent. This index has held near the 7 percent rate through much of last year.

Existing Home Sales

Lack of supply continues to be an issue in the housing market as it pulled down existing home sales in December and may possibly pull down sales in January as well. Existing homes sales fell 3.6 percent in December to an annualized rate of 5.570 million which is at the low end of what economists predicted after seeing a solid 5.6 percent jump in sales to a 5.810 million annualized rate. November did however get revised by a small amount to a 5.780 million rate, it remains still the best month of the expansion. Supply in December’s market fell a very steep 11.4 percent in the month to only 1.480 million homes. On a sales basis, supply fell from 3.5 months in November to 3.2 months which is a 19-year record low. Prices softened slightly, the median slipped 0.2 percent in the month to $246,800 for a year on year increase of 5.8 percent. This year on year price rate is well above the 1.1 percent gain in overall sales pointing to perhaps future price concessions and even less supply. On a yearly basis supply is down a sizable 10.3 percent. Sales for condos show weakness as they were down 11.6 percent on the months to a 610,000 annualized rate. Single family sales fell a monthly 2.6 percent to 4.960 million. The lack of supply will be a serious obstacle moving forward and is very likely to effect existing home sales.

New Home Sales

Despite the headline 9.3 percent decline in new homes sales for December, the report is actually a solid new home sales report. December’s 625,000 annualized rate is the fourth best of the expansion following November’s revised 689,000 rate which is the best. Most importantly supply has finally moved into the market, up 3.9 percent at 295,000 units. On a sales basis, supply improved to 5.7 months from November’s 4.9 months. Prices were steady in the month, the median edged up 0.1 percent to $335,400 for a modest year on year improvement of only 2.6 percent. Given the sales supply is up 15.2 percent and sales rate up 14.1 percent prices may have room to grow. This report shows upward sales momentum, incoming supply and room for prices to move higher. Residential investment has been dragging GDP down in recent quarters, this report points to this sector finally adding a solid contribution in the GDP report.

 

Written by Central Coast Lending - Go to Central Coast Lending's Website/Profile
805.543.LOAN info@centralcoastlending.com
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New Listing! 3 Bedroom 2 Bath Oceanview Condo

Ocean views and a rooftop deck, this beautiful condo is clean, clean, clean and perfect for the coastal lifestyle. The 3 bedrooms, 3 1/2baths, 1534 square feet is just blocks to the beach. Completed in late 2016, this is a small complex of just four homes. The spacious master suite with sweeping ocean views is on the upper floor with the roof deck plus one guest bedroom and a full bath. Bright and cheery, the main floor has open plan living, kitchen and dining with plenty of windows for natural light plus one bedroom, laundry and full bath. Take full advantage of outdoor living from the neighborly front porch, the kitchen deck ready for your grill, the sweet fenced back yard and patio plus the oh-so-private rooftop deck. Flooring is stylish and easy care, colors are coastal chic. Ground floor is a mudroom for flip flops with the 2-car garage roomy enough for toys and beach cruisers plus drive space parking for friends.
Nancy Heins 805.458.3583 Lic#01757840

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New Listing! 3 Bedroom 3 Bath in Carriage District

Carriage district!! ! Step back in time when seeing this 2,331 square-foot cottage built to 1936 on a 13,000+ square feet lot. This beautiful home offers all the timeless features such as original hardwood flooring and lathe and plaster walls. But you’ll be surprised to find that all three bedrooms have their own personal bathrooms. The large family and living room provide ample room for entertaining and feature a pretty fireplace as the focal point. A separate laundry room storage area and two car garage are situated next to the cute and cozy kitchen. French doors lead to the brick patio that is sheltered in the backyard and makes a great place to prepare Santa Maria style BBQs in the built in pit. This home has so much character and has been lovingly maintained. Hurry!
Wendy Teixeira 805.305.3505 Lic##01345995

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New Listing! 4 Bedroom Orcutt Home

Orcutt! This four bedroom, three bath with over 2300 sq ft of living, home offers the downstairs bedroom and bath room everyone asks for! The front living room ceiling soars 20 feet high with huge picture windows allowing sunlight to naturally lighten the home. Enjoy a formal dining/den area off the kitchen that could be suitable for an office, extra den or ? The kitchen is open to the huge family room complete with stone fireplace and wet bar. French doors lead to the private, east facing back yard. Upstairs there are three more bedrooms, one bath and a master suite large enough for an army. With a walk in closet the size of a normal bedroom, and a remodeled bathroom complete with glass block, gorgeous tile, separate tub and shower as well as dual sinks… All this with a three car garage, too! Close to Joe Nightingale elementary school, Waller Park, shopping and the Santa Maria Country Club.
Wendy Teixeira 805.310.3505 Lic#01345995

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New Listing! Located in San Luis Country Club


List the things that make a home most desirable, and you will find a great many of them in this one lovely property. Located in the gated San Luis Obispo Country Club on a quiet cul-de-sac, it is beautifully upgraded, meticulously maintained, with formal living room plus family room, kitchen with breakfast bar, formal dining room, three bedrooms and office – all in one beautiful home. It is comfortable, peaceful, gracious and not to be missed!
Beverly James 805.748.8613 Lic# 01856768

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