New Listing! 3 Bedroom 3 Bath inSLO

This naturally lit end-unit in the AVIVO Development has south and west sun exposure. The many tall windows allows for sunshine to illuminate almost every room. This unit was completed in 2016, with a contemporary feel and open concept living spaces. The large great room upstairs is open to the new kitchen and dining area spaces. The generous patio, on the living room level, adds to the space making this home perfect for large groups while entertaining. It’s a 3 bed/ 3-1/2 bath with 1,865 sqft of living space. Each bedroom acts as a mini suite with each room having a full bathroom. One bedroom and bath downstairs with the other bedrooms on the top third level. This home is new construction and no detail was left undone in this well planned unit. Walk- in Closets in the upper bedrooms are spacious. The full laundry room is a wonderful amenity. There are views to the hills and community spaces. Don’t miss the outdoor community lounge, packed with BBQ’s, bocce-ball court, fire-pit and other entertainment activities. The HOA fees are $241 a month. Come see this perfect home.
Traci Ferguson 805.235.6396

New Listing! 3 Bedroom 3 Bath Orcutt Home

Beautiful 3 bedroom, 3 bath home with incredible features! This home has been lovingly cared for and features 50’s style bathrooms and a quaint, roomy kitchen with lots of storage as well as a large family room with adjoining dining area. Enjoy the beautiful real hardwood flooring, tile and remodeled family room and guest bath – and an indoor laundry, too. There’s a large walk in safe, new windows, a great patio and backyard. Upstairs you’ll find a one bedroom apartment currently occupied. Great location, quiet neighborhood! (This home is to be sold with the adjacent lot and close concurrently – see MLS #17183709)
Wendy Teixeira 805.310.3505

New Listing! 4 Bedroom 3 Bath Beauty

This Foxenwoods beauty is situated at the end of a culdesac with a south facing backyard. Enjoy a cozy courtyard with a water feature and a nice area to enjoy our moderate climate! One bedroom and a ¾ bath are downstairs near the indoor laundry. The family room offers both a fireplace and wet bar for entertaining. Upstairs offers three nicely sized bedrooms and plenty of storage. Enjoy the serenity this home has to offer!
Wendy Teixeira 805.310.3505

New Listing! Great Atascadero Parcel

Priced to sell! This great parcel has several mature oak trees and a view of the city and the mountains to the west. Beautiful oak trees on this sloping lot. Walking distance to town and shopping. Price reflects the easement work needed to put in a driveway to the property.
Kathryn Birkhahn 805.610.6650

New Listing! 3 Bedroom in Oak Park Villas AG

This delightful, single-story 3 bedroom, 3 bath home is located in the highly sought after Oak Park Villas neighborhood in northeast Arroyo Grande. The home features an updated kitchen, hardwood floors in the common areas, updated bathrooms, and a beautifully landscaped yard with views of the hills. Both the living room and spacious master bedroom boast vaulted ceilings and gas fireplaces. The master bedroom opens to a lovely deck, perfect to relax with a good book in the beautiful, oasis-like back yard. The guest suite offers visitors their own private bath. The location provides easy access to shopping, services, restaurants, the highway, and local beaches.
Diane Moroski 805.550.2543 & Sandy Lee 805.550.6052

Consumer Spending

Gallup US Consumer Spending Measure

Americans’ daily self-reported spending averaged $109 in July, the sixth consecutive month where the average was $100 or more. July’s report of $109 is the highest spending average since May 2008. The $6 increase from June is not statistically significant. It is, however, the highest for the month of July for this index. Spending among both higher and lower earning Americans was slightly up in July and is among the highest of the recent upward trend. Higher earners’ spending has consistently been more than double that of lower earners. Adults in households whose annual income is $90,000 or more reported spending an average of $178 throughout July. At the same time, spending with households less than $90,000 annually, averaged $80. This is a strong start for the second half of 2017, but given Augusts’ history spending is likely to remain flat or lower, Americans’ relatively high spending average in July Is not likely to hold.

Consumer Price Index

Consumer prices remains very soft, failing to match economists’ expectations’ for July. Total prices edged one tenth higher in July as did the core which does not include food and energy, both of these factors are no better than what economists’ predicted as their low estimates.  Yearly rates are also at the low estimates at 1.7 percent for both. Moderation in housing costs remains a major disinflationary force, inching only 0.1 percent higher for a yearly 2.8 percent which is down 2 tenths from June. Wireless services continue to move lower falling 0.3 percent on the month for a yearly decline of 13.3 percent. Vehicle sales have been weak this ye4ar and is being reflected in prices which fell 0.5 percent in the month. Lodging away from home is another major negative in the July report, falling from a record 4.2 percent as motels and hotels cut prices. On the plus side, apparel prices which have been on a long negative streak recently, rose 0.3 percent, however the yearly rate remains in the negatives at minus 0.4 percent. Medical care rose 0.4 percent for the second straight month, yearly rates, however, edged lower to 2.6 percent. Energy prices at minus 0.1 percent were a negative in the report, but were offset by a 0.2 percent rise in food. Lack of inflation remains the central trouble in the Federal Reserve’s policy efforts. Today’s report and results will not be improving expectations for the beginning of balance sheet unwinding at the September FOMC.

New Listing! 3 Bedroom Rice Ranch Home

Trilogy at Rice Ranch. This beautiful 3 bedroom, 2 bath + Den open floor plan home features wood floors in living, kitchen and dining areas. Spacious open kitchen with granite counters and stainless steel appliances. Fire place and surround sound system in living room. Recessed lighting throughout. Large master bedroom with slider to covered patio. Custom paver patio area with gas and electric connections. Back yard also features, fruit trees, synthetic grass area, river rock and raised planting beds with custom pergola. The Rice Ranch neighborhood features a 26-acre award winning park and sports complex featuring championship soccer fields, baseball fields, dog parks, play grounds, and picnic areas. The community also offers extensive walking, hiking and biking trails. Solar City System.
Shea Hutchinson 805.260.6322

New Listing! Beautiful Building Parcel in Atascadero

Beautiful building parcel in West Atascadero with a water meter, located in Long Valley Ranch. This property is in the vicinity of beautiful homes! There are large oak trees, seasonal creek, and amazing views. There is a paid water meter, worth $22,000. Water meter, phone, natural gas are available near the street in front. There was a permit pulled for a Will Bateman (architect) house in 2007, the master bedroom is on the same location as the great room, and kitchen. Seller will give you those plans, or build your own plans. Owner will carry with 50% down!
Kathryn Birkhahn 805.610.6650