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Lots of updates coming….

Wow, already at the end of June. Wasn’t it just Easter???

I’ll be updating lots of statistics starting late tonite. Not only the monthly MLS statistics but the 2nd Quarter Median Home Prices and other inventory reports.

In addition, I have been working with the Director of Business Development at Zillow in creating some Zillow tools I can add to my online home valuation page. I hope to have those up in the next few days too. Stay tuned to this Blog!

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

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From one our local experts in the North County…

This is my pick for Best of Atascadero Area Caravan for the week of 6/27/07

This 3 bed/3bath home has 1725 Sq.Ft. on a 2.5 acre flat USABLE parcel. It is a Colony Home that has been updated with AC/heating unit last approximately last year. It has an in-ground pool with waterfall. Also, has a large pole barn for storage that is a separate free standing building. It can use some upgrades in the bath/ kitchen areas to make it your dream home. There are original hardwood floors that give this house charm. It is on the desirable northwest side of Atascadero, but very close to schools, shopping and freeway.

Priced at $599,000 I think it’s a great value for someone with vision who wants views, space, parking and accessabilty.

(Keith’s note: Unfortunately, the Listing Agent chose not to include this property in the MLS Searches on agent websites so I can’t give you a link to the property details and it won’t show up in a search. If you’re interested in more info, use this form and mention you want more info on the Atascadero Best of Caravan home posted in the blog and we’ll email you the listing detail from the MLS system.)

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Best of Caravan – Scenic Coast Association (Los Osos/Morro Bay/Cayucos)

I’ll give this weeks honor to a lovely home in Los Osos. The property is located in Cuesta by the Sea, a small area in Los Osos just blocks from the bay. This one has a charm that makes it memorable. The upstairs has an open floor plan with cathedral ceilings, dual pane windows and expansive views of the bay and Morro Rock. If you want semi-single level living, there is one bedroom upstairs off of the spacious living area. Downstairs, in additional to the oversized 2-car garage, there are two additional bedrooms , including the master , which opens to a private patio.

Is this one going to sell? I think so! Click here for more details and photos

Submitted by a Keith Byrd Team Member
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“Best of Caravan” – First Time Home Buyer – Pismo Coast Association

North Grover Heights..our sleepy beach community:

Dual income first time home buyers: Look no more come to “Appreciating North Grover Heights”. Here is a fabulous wide open spaced 1350 square foot end condo, with large garage, large rooms, upstairs washer & dryer and large balconies off of every room upstairs and a outside yard large enough fit for “Lassie” “Babe”, and low maitenance at that! .. at an asking price of $399,000, this will start you on a path of your own trump real estate investments!

Click for photos and details

Submitted by a Keith Byrd Team Member

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Best of Caravan – Pismo Coast Association

From our local expert:

Owning a piece of the California Shoreline for $2.5 million, has not happened in 2 years:
This home is on an extremely sought after street in desirable Shell Beach. Ocean views hit you as you walk in the front door. Two bedrooms walk right out on to your private beach. The master suite sits alone on the second floor with additional great room space. This home needs a carpenter and some updating but well worth the buy for neighborhood and your own private piece of the California beach. Who knows maybe Paris will dump the house in Malibu and when your done come see you!!

Click here to see details and photos of this listing – Don’t snooze on this one if you’re in the market for oceanfront property.

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

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I’m excited to announce a new feature of my blog called “Best of Caravan“. My team of local expert agents who go on the Broker Caravan of new listings will pick their “Best of Caravan”. This is a property that they feel is one that stands out over all the rest. It could be because of price, location, quality, amenities, or other criteria.

Since we have 6 seperate MLS Associations on the Central Coast, each Association has their own day they do the Broker Caravans on.

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Ryan’s Mortgage Blog:
Hello from the Bay Area once again. I definitely have a love/hate relationship going on with the Bay Area. I have spent more time in traffic up here than my actual destinations…and I have gone through 2 rental cars while I’ve been waiting for my car to be fixed (transmission). Long story but I have had some good moments as well. I visited a nice bar/brewery called the Park Chalet right outside of Golden Gate Park in San Francisco. Connected to the bar is a park area where you can get drinks while your dog plays with other dogs and fellow bar patrons. The atmosphere reminded me a bit of the summer concert series “Live at the Rocks” that the Cliff’s Resort in Shell Beach hosts, which by the way starts in late July and I highly recommend it. I also spent a day visiting downtown Palo Alto and I was VERY impressed with how beautiful it was and the amount of cafés and shops there were. To finish up my trip I will be visiting the Alameda County Fair in Pleasanton which I’ve tried to attend at least once for the last 10-15 years…it’s always a good time.

So enough of the small talk…let’s get down to business. The Fed kept the rates the same this afternoon, which was expected. They still voiced their concern for inflation, but it didn’t really affect mortgage rates. Mortgage rates have eased up since their increase last month.

A product that I wanted to mention to you guys in case you aren’t familiar with it is a “pledge-asset mortgage”. I briefly spoke with a representative from Merrill Lynch recently and he told me this is a hot product right now. He is sending me more literature and a powerpoint all about it so I will let you know when I hear more…but basically you are able to take your current investments in the market and put them into one of Merrill Lynch’s investments (one option is the S&P) and this transfer will count as your down payment for a mortgage with their company. So this means no money out of pocket and your money is still invested (pledged). This sounds like a great idea for parents who have students going to Cal Poly but don’t want to cash in their investments to buy a second house while their children go to school. If your kids are going to pay rent, why not have them and their friends pay your mortgage J. If you are interested in hearing more about this product, let me know and I can explain it to you a little better and will be able to forward you some information straight from the company. You can reach me at RBaker@PeregrineLending.com or 805-540-0866.

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CALIFORNIA HOME SALES DECREASE 25 PERCENT IN MAY

Sales decreased 25 percent compared with the same period a year ago, the California Assoication of Realtors (C.A.R.) reported this week. “The decline in sales continues to be driven by both tighter underwriting standards since the start of the year and the adverse psychological impact of news regarding foreclosures and the subprime situation,” said C.A.R. Vice President and Chief Economist Leslie Appleton-Young. “In particular, the lower end of the market, which is the part of the market that is most affected by the subprime situation, has seen greater declines in sales and weaker prices than the higher end of the market. This will likely be a recurring theme in the coming months.”

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