Year End Re-Cap
The first half of 2010 saw relatively good news for most participants in the foreclosure market. Foreclosure cancellations rose as homeowners saw more short sales and loan modifications approved. Investors quickly flipped their foreclosure purchases for solid profits as buyers hurried to take advantage of tax credits. As the tax credits expired, however, the market began to slow. Foreclosure cancellations also began to drop as the government push for loan modifications waned and short sales slowed with the rest of the housing market. Finally, in the beginning of the third quarter, the robo-signing scandal led to dramatically lower foreclosure sales, including a complete halt by Bank of America for nearly two months.

Foreclosure Starts 2007-2010

Foreclosure Sales 2007-2010

Notice of Default filings fell 16.7 percent month-over-month in California, while Notice of Trustee filings rose 1.5 percent from November. Foreclosure sales dropped slightly, with 0.7 percent fewer sales back to the bank and 8.2 perfect fewer purchased by third parties, typically investors. The time it took investors to resell properties they purchased at auction rose 6.1 percent from November and is up 51.0 percent from a year earlier to 157 days on average.

Source: ForeclosureRadar.com

Grace Borzini
Your Local Lake Nacimiento Real Estate Expert
Oak Shores Realty

Oak Shores Real Estate
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Oak Shores Realty specializes in Oak Shores at Lake Nacimiento properties. Please contact us today to get more information on Lake Nacimiento lake homes. Oak Shores Realty can also provide you an insiders “Lake Nacimiento Buying Guide” with great information including maps and market information.

Considering buying a vacation home on Lake Nacimiento?  Perhaps you’ve visited friends or family that currently live in either the Oak Shores or Heritage Ranch communities on Lake Nacimiento or you’ve heard about life on Lake Nacimiento and want to check it out for yourself.  You may even be trying to determine the best place to buy a vacation home and are weighing your options.  No matter where you’re coming from; now is a great time to buy a vacation home!

While you may be leery of taking on a second mortgage, investing in a vacation home can be a very smart decision.  Investing in any piece of real estate is a good long-term investment.  Vacation homes can be an even better option as they can bring in income if you plan to rent it out when you’re not using the home.  I’ve gathered a few other key reasons why buying a vacation home on Lake Nacimiento now is a great idea!

- Prices Are Low- This alone can be enough of a reason to buy a vacation home in the Oak Shores or Heritage Ranch community!  Home prices are at an all time low and will only go up as we reach 2012, so be sure to cash in on the deals that are currently available in the Lake Nacimiento Real Estate market.

- Interest Rates are Low- Banks are still going through a time of recovery and are keeping interest rates at an all time low.  They’re committed to bringing about a renewed trust in the real estate market and are willing to give buyers a helping hand.

- Inventory is High- There are many beautiful homes available in Oak Shores and Heritage Ranch on Lake Nacimiento!  Because this is a buyers’ market; you’ll have plenty of options from which to choose.  As a Lake Nacimiento Real Estate agent; I would be happy to show you some of the homes currently for sale on Lake Nacimiento!

- You’ll Be Ahead of the Seasonal Rush- The spring is always the busiest season for buying a vacation home on Lake Nacimiento.  Many are planning ahead to enjoy their summer on this large lake which offers endless activities, vibrant communities and complete relaxation.  Buying now will ensure you have less competition in finding your vacation home!

Buying a vacation home on Lake Nacimiento can be a big decision, but I hope these reasons help in your decision making process.  If you have questions regarding current available homes in Oak Shores or Heritage Ranch, or questions about the Lake Nacimiento Real Estate market; please let me know!  I’d be happy to answer your questions and discuss your options.  You’ll be relaxing on Lake Nacimiento in your vacation home before you know it!

Grace Borzini
Your Local Lake Nacimiento Real Estate Expert
Oak Shores Realty

Oak Shores Real Estate
View Oak Shores Listings
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Oak Shores Realty specializes in Oak Shores at Lake Nacimiento properties. Please contact us today to get more information on Lake Nacimiento lake homes. Oak Shores Realty can also provide you an insiders “Lake Nacimiento Buying Guide” with great information including maps and market information.

Please let us know how we can help!

3120 East Beach Circle, Bradley

Approx. Lot Size: .20 Acres
List Price: $115,000
MLS #: 172429

Build your lake home and private dock! Enjoy mountain views and lake views. Seasonal cove on shared private beach. Enjoy all that Lake Nacimiento and Lake San Antonio has to offer.

Grace Borzini
Your Local Lake Nacimiento Real Estate Expert
Oak Shores Realty

Oak Shores Real Estate
View Oak Shores Listings
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Oak Shores Realty specializes in Oak Shores at Lake Nacimiento properties. Please contact us today to get more information on Lake Nacimiento lake homes. Oak Shores Realty can also provide you an insiders “Lake Nacimiento Buying Guide” with great information including maps and market information.

Please let us know how we can help!

11327 Nacimiento Lake Drive, Bradley

2 Bedrooms, 2 Bathrooms
Approx. Lot Size: 81.55 Acres
List Price: $720,000
MLS #: 172523

Three nicely remodeled homes! A Central Coast Recreational Retreat with magnificent views overlooking San Antonio Lake and surrounding oak covered hills. There are several additional building sites if desired. Enjoy the outdoors on your ATV’s, or hiking and enjoying the peace and quiet. Abundance of wildlife: turkeys, wild pigs, deer and many different birds. Excellent for additional income as rental property. Eagles soar above!

View more information and photos of 11327 Nacimiento Rd, Bradley!

Grace Borzini
Your Local Lake Nacimiento Real Estate Expert
Oak Shores Realty

Oak Shores Real Estate
View Oak Shores Listings
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Oak Shores Realty specializes in Oak Shores at Lake Nacimiento properties. Please contact us today to get more information on Lake Nacimiento lake homes. Oak Shores Realty can also provide you an insiders “Lake Nacimiento Buying Guide” with great information including maps and market information.

Please let us know how we can help!

Lake Nacimiento is ideally placed in Central California’s San Luis Obispo County.  Oak Shores and Heritage Ranch, along with the surrounding communities enjoy the temperate weather and the fruits of local vineyards.  While living on Lake Nacimiento presents residents with a wide variety of activities and events, sometimes taking advantage of the surrounding area is just the thing to do on the weekend!

The nearby town of Paso Robles is known for its wineries and fine dining, and this weekend is hosting an event that highlights their dedication to the vineyards which are a part of the Paso Robles lifestyle.  The 8th Annual  Esprit du Vin event takes place this weekend, January 14- 17, and features the wineries of Highway 46 East in Paso Robles!

Special events will be taking place Friday through Monday at participating wineries with a main event on Saturday evening.  A complementary Wineries of Highway 46 East tasting passport will be given to each attendee and can be used all weekend long.  The more wineries and events you visit, the better chance you have of winning prizes which will be drawn on Saturday evening.  The highlighted prize, of course, is a Paso Robles Wine County Tour!  View more information and see the participating wineries on the Paso Robles website.

If living in Central California’s beautiful wine country on Lake Nacimiento is something you’ve been considering; please let me know!  I’d be happy to answer any questions you may have about the Oak Shores or Heritage Ranch communities, or about the Lake Nacimiento Real Estate market.  Feel free to contact me anytime-  I look forward to hearing from you!

Grace Borzini
Your Local Lake Nacimiento Real Estate Expert
Oak Shores Realty

Oak Shores Real Estate
View Oak Shores Listings
Visit My Website Email Me

Oak Shores Realty specializes in Oak Shores at Lake Nacimiento properties. Please contact us today to get more information on Lake Nacimiento lake homes. Oak Shores Realty can also provide you an insiders “Lake Nacimiento Buying Guide” with great information including maps and market information.

Please let us know how we can help!

If buying a waterfront home has been your dream for either a permanent residence or vacation property; there are a few things you’ll want to know!  Buying a home on Lake Nacimiento that enjoys the convenience and views of being a water front home can be an exciting time, but knowing what comes along with owning a Lake Nacimiento waterfront home is important.

As a Lake Nacimiento Real Estate agent; I’ve had years of experience in dealing with waterfront properties and understand the ins and outs of buying a waterfront home.  While buying a home can be a little overwhelming, a waterfront property can be a little more complex.  However, having someone to walk with you each step of the way will enable the Lake Nacimiento waterfront home buying experience a smooth and stress free one.   Below are the top things of which you’ll want to be aware when buying a waterfront home on Lake Nacimiento!

1. Find a Waterfront Real Estate Agent- This should be a top priority as there are additional things that go along with a waterfront home.  Again, the agent should be experienced with waterfront properties and, ideally, with Lake Nacimiento Real Estate as well!

2. Consider the Property More than the Structure- While it’s important to love the Lake Nacimiento home that you are buying; you’ll want to especially look at the property that it’s on.  The house can always be updated, but not being thrilled with the view or the murky swimming area are serious considerations and things you have to be willing to live with long-term. You will also want to consider whether an excellent water view will work for you instead of the pricier waterfront homes. Remember in Oak Shores and Heritage Ranch that the ramps are just mere minutes away. You then avoid the hassle of having to deal with moving your dock as the lake fluctuates.

3. Look into Loans Early- While the homes on Lake Nacimiento in the Oak Shores and Heritage Ranch communities have some very reasonably priced options; buying a waterfront home is typically more expensive than an inland home.  As lenders are buckling down on loan regulations this year; they’ll only consider very qualified buyers.  This should be one of the first steps you take before you begin your Lake Nacimiento waterfront home search.

4. Insurance can be Costly and Complicated- Oftentimes waterfront homes will need additional insurance for wind or water damage and the costs can add up.  Your Lake Nacimiento Real Estate agent will be able to answer all of your questions and lead you in the right direction about your insurance options.

5. Find Out What You Can Do with the Property- You may want to add a deck or balcony to your home, or a fence to contain pets.  Knowing the regulations for Lake Nacimiento homes before you begin your project will save you time and energy.  You’ll also want to find out if your property has any restrictions on swimming, is a no-wake zone, etc..  Get to know your property!

6.  Talk to the Neighbors- Residents in Oak Shores and Heritage Ranch are very community oriented and would love to answer questions you may have about life on Lake Nacimiento or owning a waterfront property.

7.  Get to Know Your Responsibilities- As a waterfront home owner, you’ll have additional responsibilities.  Not only will you have additional upkeep on your home as you deal with weather elements, there are also options for of being a part of the homeowners association.  Your Lake Nacimiento Real Estate agent will be able to help you determine what’s expected of you when buying a waterfront home.

While it may seem like there are a few more hoops to jump through when buying a Lake Nacimiento waterfront home; they’ll be well worth it!  When you’ve found the home that fits your lifestyle and you begin to get to know the Oak Shores or Heritage Ranch communities on Lake Nacimiento; you’ll soon forget the additional leg work that was involved in buying your waterfront home.  As a Lake Nacimiento Real Estate agent who has dealt with many waterfront homes, I can answer any questions you may have and help you through the Lake Nacimiento waterfront home buying process!

I look forward to hearing from you!

Grace Borzini
Your Local Lake Nacimiento Real Estate Expert
Oak Shores Realty

Oak Shores Real Estate
View Oak Shores Listings
Visit My Website Email Me

Oak Shores Realty specializes in Oak Shores at Lake Nacimiento properties. Please contact us today to get more information on Lake Nacimiento lake homes. Oak Shores Realty can also provide you an insiders “Lake Nacimiento Buying Guide” with great information including maps and market information.

Please let us know how we can help!

SHOW YOUR OAK SHORES COMMUNITY SUPPORT

The Fire Safe Counsel of San Luis Obispo has made it clear that they need to see support from the community in order to act on minimizing the fire outbreak risk in Oak Shores.  Please read the below letter from the Oak Shores Community Association and voice your concern!

Grace Borzini
Your Local Lake Nacimiento Real Estate Expert
Oak Shores Realty

Oak Shores Real Estate
View Oak Shores Listings
Visit My Website
Email Me

Oak Shores Realty specializes in Oak Shores at Lake Nacimiento properties. Please contact us today to get more information on Lake Nacimiento lake homes. Oak Shores Realty can also provide you an insiders “Lake Nacimiento Buying Guide” with great information including maps and market information.

Lake Nacimiento offers a great lifestyle for vacationers and year round residents alike!  It may be, however, that you’re expecting changes in 2011 and now have the need to sell your Lake Nacimiento home.

Before beginning the home selling process, there are few things to know that will help make the sale of your home run smoothly.  Of course finding the right Lake Nacimiento Real Estate agent to sell your Oak Shores or Heritage Ranch home is key.  You’ll want to be sure to find an agent who has had a lot of experience with buyers and sellers on Lake Nacimiento .  Here are a few more things of which to be aware.

Don’ts

1. Don’t do major renovations before selling- While you may feel that your kitchen needs to be gutted and completely redone; this will not pay off in the long run.  These types of home construction projects are not likely to bring in the return on investment that you would need to make it worthwhile.  Instead, play up the highlights of your home.  Small changes to key features will make your Lake Nacimiento home stand out.

2. Don’t try to make the hard sell- While you may feel the need to be present at open houses because you know the ins and outs of your home; this makes it hard for the potential buyers. They don’t want to feel pressured by the seller and will want the opportunity to talk openly with their agent about their concerns.  Let your home speak for itself.

3. Don’t wait until spring to sell- The common belief is that Spring is the best time to sell as this is the time that buyers will begin searching.  It is true that Spring is typically the busiest season in Lake Nacimiento Real Estate; there are still people looking right now.  Why not get a jump start and reach out to those buyers who are actively looking for a Heritage Ranch or Oak Shores home right now?

4. Don’t set your sale price too high- Of course your will help you in determining the price of your home by providing information on what comparative Lake Nacimiento Real Estate agentLake Nacimiento homes are selling for; you want to be realistic. The moment buyers see that your home is overpriced, they will most likely look elsewhere.  Pricing it fairly will make it a desirable option for many hoping to buy on Lake Nacimiento.

Do’s

5. Do provide easy access for showings- Ensure that there’s a clear path to your front door and that there is a convenient place to park.  Your home remains de-cluttered as you never know when you’ll get a showing and you want to be ready at a moment’s notice.  Having your home available as much as possible for showings allows the agent to feel comfortable setting showing appointments for your home.

6. Do market your home in different ways- You’ll want to check with your Lake Nacimiento Real Estate agent to see what type of marketing they will do for your home.  The majority of their marketing should be online since 80% of people search for homes online.  I would be happy to talk with you about my extensive marketing strategy!

7. Do showcase your home’s best features- Decorating tastes can vary greatly from buyer to buyer, so take time to look around your home.  Is your home’s interior anything that would detract from the great features of your home?  Making your home a more neutral zone will help buyers envision themselves living there and they’ll more clearly see what sets your home apart from other on Lake Nacimiento.

Selling your Heritage Lake or Oak Shores home on Lake Nacimiento can be a smooth and efficient endeavor if you begin with the right steps.  If you have questions about the sale of your Lake Nacimiento home or are ready to get started; please let me know.  I have years of experience in the Lake Nacimiento Real Estate market and will get your home sold!  I look forward to hearing from you!

Grace Borzini
Your Local Lake Nacimiento Real Estate Expert
Oak Shores Realty

Oak Shores Real Estate
View Oak Shores Listings
Visit My Website Email Me

Oak Shores Realty specializes in Oak Shores at Lake Nacimiento properties. Please contact us today to get more information on Lake Nacimiento lake homes. Oak Shores Realty can also provide you an insiders “Lake Nacimiento Buying Guide” with great information including maps and market information.

Please let us know how we can help!

Many of Lake Nacimiento’s vacationers and year round residents enjoy the relaxed and peaceful setting of Lake Nacimiento.   Life here is ideal for those who want to get away from it all.  Whether you’re looking to get involved in the friendly Oak Shores community or  prefer to live in peaceful solitude;  living on Lake Nacimiento is sure to fit everyone’s tastes!

Speaking of taste, living on Lake Nacimiento in either the Heritage Ranch or the gated Oak Shores communities allows you to be in the center of the vibrant San Louis Obispo County; a gastronome’s paradise!  The San Luis Obispo County Visitors and Conference Bureau in partnership with the California Travel & Tourism Commission have cooked up a fun month long event you won’t want to miss!

The 4th Annual Restaurant Month makes January one of the most delicious months of the year!  Over thirty mouth-watering restaurants throughout San Louis Obispo County will provide a three-course meal menu for $30!  Many of these restaurants buy their food from local growers and pare their creations with exquisite wines from California’s Central Coast- giving guests a true taste of the area.  Below are just a few of the restaurants that will be highlighted this month:

San Luis Obispo

Buona Tavola
805.545.8000
www.btslo.com

Luna Red
805.540.5243
www.lunaredslo.com

Splash Cafe ~ Artisan Bakery
805.544.7567
www.splashbakery.com

Novo Restaurant & Lounge
805.543.3986
www.novorestaurant.com
Paso Robles

Artisan
805.237.8084
www.artisanpasorobles.com

Enoteca Restaurant & Lounge
805.238.2834
www.labellasera.com/dining

Thomas Hill Organics Wine Bistro
805.226.5888
www.thomashillorganics.com

il cortile
805.226.0300
www.ilcortileristorante.com

To view the complete list of participating restaurants, visit the San Louis Obispo County website.

I hope you take advantage of being able to get a taste of the area surrounding Lake Nacimiento!  Whether you currently reside in the Oak Shores or Heritage Ranch communities on Lake Nacimiento or  are visiting at any point this month; you’ll enjoy all that San Louis Obispo County has to offer!  If you’ve been consider buying a home on Lake Nacimiento in 2011; now is a great time to begin your search!  Homes in Oak Shores and Heritage Ranch are reasonably priced and there are many styles to fit your needs and lifestyle.

Please let me know if you have any questions about the Lake Nacimiento Real Estate market or any of the homes available in Oak Shores or Heritage Ranch! I would be happy to help you with each step of the home buying process.  Feel free to contact me anytime!  Bon Apetite!

Grace Borzini
Your Local Lake Nacimiento Real Estate Expert
Oak Shores Realty

Oak Shores Real Estate
View Oak Shores Listings
Visit My Website Email Me

Oak Shores Realty specializes in Oak Shores at Lake Nacimiento properties. Please contact us today to get more information on Lake Nacimiento lake homes. Oak Shores Realty can also provide you an insiders “Lake Nacimiento Buying Guide” with great information including maps and market information.

Please let us know how we can help!

January 2011 Market Watch for North San Luis Obispo County and Monterey County

North San Luis Obispo County Active Listings: There are a total of 1,778 properties actively on the market with an average list price of $648,048.

North San Luis Obispo County Sale Pending/Sold: There are currently 188 properties with sales pending and 1,041 properties that closed in the past 6 months.  The average sold price is $390,082 and the average time on market is 116 days.

North San Luis Obispo County Absorption Rate/Supply: The current month supply of homes on the market is defined as the ratio of the current inventory of active listings compared to sales.  In other words, given recent sales activity, one can estimate how long it would take for the entire inventory of active listings to sell, assuming no new listings were to appear on the market.  At the present time it will take about eight and a half months to sell all of the current active listings, without adding any new homes for sale.

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