In efforts to keep you up to date on all the events surrounding Lake Nacimiento; I’m posting the San Luis Obispo Department of Public Works press release, as well as yesterday’s notice from General Manager, Dennis Javens.

The County Sewer plant is experiencing lake water leaking into a ½ mile long pipe, that is currently under water.  At this time, there is NO reported leakage of raw sewage into the lake. The County has advised Management, that they are having divers come into Oak Shores to determine the status of the problem.

Tim Bean has informed Management that he has enough water stored in his tank to last at least 5 days. This water has been treated and is available for the residents to use.

We have not been provided with any further information at this time.

Updates will occur as new information is provided to us.

Dennis Javens
General Manager

Read the Department of Public Works press release in full page view.

Below are pictures I took yesterday at 5pm of the diver’s who are working to locate the source of the leak in Lake Nacimiento.

Here are pictures, took yesterday at 5pm, of the spillway, lake levels and Oak Shores Marina.

Please continue to check back as I’ll do my best to keep you informed of the status of Lake Nacimiento!

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!

640 Vazquez Avenue, Greenfield

Approx. 1,378 Sq. Ft.
3 Bedrooms, 2 Bathrooms
List Price: $128,900
CCR MLS#: 174901
REIL MLS#: 81113254

This nice Creekbridge residence is situated in a well-established neighborhood, and has great curb appeal! With an eat-in kitchen and family room with fireplace, this well-kept three bedroom, two bathroom home is priced right and ready to sell. This property is also near the shopping center and provides easy access to the freeway.

Click Here for More Information & Photos of this Listing!

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!

As a Lake Nacimiento Real Estate agent; I want to keep you informed of what’s going on with the lake levels on Lake Nacimiento.  I came across this recent article on www.SanLuisObispo.com and wanted to share it with you!

Storm Pushed Lake Nacimiento Over the Edge
by David Sneed

For only the fourth time in its 55-year history, Nacimiento Lake is full and spilling.

The lake reached 100 percent capacity late Sunday night at 378,480 acre-feet.

Built in 1956, the reservoir filled in 1967, 1969 and 1983, said Robert Johnson, chief of water resources planning for the Monterey County Water Resources Agency in Salinas.

Monterey County operates the lake north of Paso Robles.

The level of the lake came up quickly over the weekend. Saturday’s storm put it over the top. The webpage for the Lake Nacimiento Resort reports that the level has risen 40 feet with the recent storms.

“These rains have been unbelievable for this late in the season,” Johnson said.

The full reservoir means more recreational opportunities at the lake and plenty of water downstream for farmers. Residents report that a day-use picnic area at Heritage Ranch is now underwater.

“A full lake is very attractive for guests,” he said.

Although located in San Luis Obispo County, Nacimiento Lake is owned and operated by Monterey County as part of its Salinas Valley Water Project.

That project provides flood control, water for farmers and prevents saltwater intrusion into the valley’s aquifer.

The agency recently completed a spillway modification at the lake that allows the height of the spillway to be increased throughout the winter. At its maximum height, the spillway is 800 feet. “We did not increase the capacity of the lake, but we increased our storage flexibility,” Johnson said.

Thanks for taking the time to stop by my Lake Nacimeinto blog and for wanting to stay informed about what’s going on with our lake!  As always, feel free to contact me anytime about life on Lake Nacimiento or the Lake Nacimeinto Real Estate market!

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!

As a Lake Nacimiento Real Estate agent, my goal is to bring you the latest in real estate news; whether good or bad.  While the housing market is on the road to recovery; there is a new term that you might begin to see more frequently:  shadow inventory.

Shadow inventory are those homes that are bank owned, but have not yet been put on the market.  Banks choose to not list their entire shadow inventory for a variety of reasons.   First and foremost, they realize that by listing these homes, it can inundate the market with distressed properties, which can be detrimental for homes that are not distressed.  An areas’ market value can be greatly affected by an abundance of foreclosures on the market.  It could also be that they don’t have the staff to handle that many foreclosures at once with the amount of paperwork that is involved.  Another reason is that they don’t want to count those losses all in one quarter, but would rather spread them out over the course of a year.

The National Association of Realtors recently put out an article giving statistics for the states that have the most shadow inventory.  Florida came in #1 with over 441,000 homes that are waiting to go on the market.  The #2 spot is held by California, and although significantly less that Florida, our state still has nearly 228,000 properties in our shadow inventory.   It’s estimated by NAR that it would take California 11 months to clear our entire shadow inventory, which seems minimal compared to New York’s 34 month prediction.  NAR notes that the timeline for delinquent mortgage loans have been significantly extended.  It could take up to 638 days for a distressed property in Florida to move through the foreclosure process!  Since 2008, the foreclosure process for both Florida and California has jumped 156% and 157% respectively.

The amount of foreclosure sales across the nation increased to 39% for all of February’s transactions. NAR pointed out that the average sale price of a home has decreased 5.2% since last year and is now at $156,000.  Reports from Capital Economics show that there are currently 5.3 million homes in limbo between foreclosure and the sales market.   The chart below shows each state’s share of distressed properties.

If your home is currently underwater and have questions about your options to avoid foreclosure; please let me know!  As a Certified Distressed Property Expert, I can answer your questions and help find the best option for you and your home.  Please feel free to contact me anytime!

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!

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!

Lake Nacimiento is the key ingredient for life in the Oak Shores and Heritage Ranch communities on Lake Nacimiento!  Those living on Lake Nacimineto enjoy skiing, boating or just lounging beside this great body of water.  As a Lake Nacimiento Real Estate agent; I am involved not only with those who are buying and selling their homes on Lake Nacimiento, but with the overall lifestyle that is offered for residents.

In keeping you up to speed on all that’s going on around Lake Nacimiento, I thought I’d share with you what is currently going on with the lake levels.

I spoke with Rob Johnson of the Monterey County Water Resources agency this morning regarding Lake Nacimiento flood control releases. The lake is currently at 91% or 793.81 elevation. The Monterey County Water resources agency took advantage of the Salinas Rivers lower flows after its peak flows late Tuesday and increased releases from Lake Nacimiento to 2500 cfi’s.  As of yesterday at 4:00pm they reduced that release to 1435 cfi’s.

They are meeting this morning and expect to shut down the releases depending on the current forecast.  We are expecting another good size storm today thru tonight. They need to prevent the lake from reaching the 801 level mark. If it reaches this they are required by state mandates to lower the spill way completely and release at the 25,000 cfi level.  This could result in a 50,000 acre feet release.

Right now they have to work hard to create a balance to control lake levels and releases so we do not reach the 801 lake level. The Salinas Valley is currently experiencing flooding in several areas along the river do to water backing up of water. The flow of the river down the main channel is impeded due to the fact that land owners are not currently allowed to obtain permits to keep the main channel cleared.

I’ll attempt to keep you updated on this situation!  If you have any questions about living on Lake Nacimiento; I’d be happy to answer them for you!  Many enjoy the lifestyle that is offered by Lake Nacimiento and its vibrant community!

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!

You’ve heard many great things about life on Lake Nacimiento from friends, family or searching online for vacation spots in Central California, but you haven’t had a chance to visit. Now you can without ever leaving your home! Our Lake Nacimiento web cam allows you to take in views of this beautiful lake and get a glimpse of what make this area such a great place to vacation or even settle in long term!

If you already are a resident of Lake Nacimiento, this is a great tool for you as well. You can determine whether the lake is calm, if there are a lot of people out enjoying boating and skiing, and if you want to venture out for a day on Lake Nacimiento!

Our web cam refreshes the image every three seconds; so you’ll always have an up to date view of Lake Nacimiento!

Interested in the Lake Nacimiento water levels? We’ve teamed up with the Monterey County water resources to provide you with access to the lake levels report! View the Lake Nacimiento lake levels report.

As a Lake Nacimineto Real Estate agent, my goal is to provide you with as much information about life in the gated Oak Shores or Heritage Ranch communities on Lake Nacimiento. If you have questions regarding Lake Nacimiento, or are interested in buying a home in Oak Shores or Heritage Ranch; please let me know!

I would be happy to take you on a tour around the lake and show you the homes that are currently available on Lake Nacimiento. With a wide variety of styles, lake views and price ranges; you’re sure to find a home to fit your needs and lifestyle. Whether you’re looking for a permanent residence or just want to spend your vacations relaxing on Lake Nacimiento; you’ll be glad you chose the Oak Shores or Heritage Ranch community! 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!

Lake Nacimiento State of the Market Report

Properties SOLD in Lake Nacimiento in 2011

1.    2334 Lakeview Drive, Bradley – Single Family, Sold for $185,000 on 03/16/11
2.    4423 Longview, Paso Robles – Mobile Home, Sold for $110,000 on 03/11/11
3.    4611 Windward Way, Paso Robles – Mobile Home, Sold for $73,000 on 03/11/11
4.    5775 Aluffo Road, Paso Robles – Vacant Land, Sold for $176,500 on 03/10/11
5.    5029 Meadow Lark, Paso Robles – Single Family, Sold for $194,000 on 03/09/11
6.    4625 Smugglers Point Lane, Paso Robles – Vacant Land, Sold for $64,900 on 03/03/11
7.    2512 Shoreline Road, Bradley – Single Family, Sold for $242,000 on 02/28/11
8.    3345 Water View Drive, Paso Robles – Single Family, Sold for $125,000 on 02/25/11
9.    3121 Gray Fox, Paso Robles – Mobile Home, Sold for $95,000 on 02/25/11
10.  4777 Tumbleweed Way, Paso Robles – Mobile Home, Sold for $255,000 on 02/25/11
11.  1948 Willowbrook Lane, Paso Robles – Single Family, Sold for $165,000 on 02/18/11
12.  Interlake Road, Paso Robles – Vacant Land, Sold for $80,000 on 02/17/11
13.  4567 Tumbleweed Way, Paso Robles – Single Family, Sold for $150,000 on 02/16/11
14.  4583 Tumbleweed Way, Paso Robles – Single Family, Sold for $140,000 on 02/01/11
15.  4195 Hackney Way, Paso Robles – Single Family, Sold for $115,000 on 02/11/11
16.  2852 Lands End Road, Bradley – Single Family, Sold for $450,000 on 01/28/11
17.  3112 E Beach Circle, Bradley – Single Family, Sold for $368,300 on 01/28/11
18.  4610 Fishermans Court, Paso Robles – Single Family, Sold for $225,000 on 01/28/11
19.  144 Timberline Drive, Paso Robles – Vacant Land, Sold for $52,000 on 01/19/11
20.  4943 Pretty Doe, Paso Robles – Single Family, Sold for $157,000 on 01/12/11
21.  3640 Delaney Place, Paso Robles – Vacant Land, Sold for $20,000 on 01/07/11
22.  2438 Captians Walk, Bradley – Single Family, Sold for $287,500 on 01/04/11

Properties Currently UNDER CONTRACT in Lake Nacimiento

1.    2660 Pine Ridge Road, Bradley – Single Family, Currently Listed For $215,900
2.    5125 Bluebird Lane, Paso Robles – Single Family, Currently Listed For $139,900
3.    9826 Steelhead Road, Paso Robles – Single Family, Currently Listed For $499,900
4.    4732 Meadow Lark, Paso Robles – Single Family, Currently Listed For $189,500
5.    2421 Sandpiper, Paso Robles – HUD Planned Unit Development, Currently Listed For $90,000
6.    9140 Windmill Road, Paso Robles – Single Family, Currently Listed For $370,000
7.    9415 Reservoir Road, Paso Robles – Single Family, Currently Listed For $408,000
8.    2616 Pinto, Paso Robles – Single Family, Currently Listed For $155,000
9.    4799 Pintail Ave, Paso Robles – Single Family, Currently Listed For $265,900
10.  5046 Meadow Lark, Paso Robles – Single Family, Currently Listed For $142,900
11.  1985 Wood Duck, Paso Robles – Single Family, Currently Listed For $225,000
12.  4689 Silver Saddle, Paso Robles – Single Family, Currently Listed For $259,000
13.  2697 Brindle Trail, Paso Robles – Single Family, Currently Listed For $199,000
14.  4149 Quarterhorse Way, Paso Robles – Mobile Home, Currently Listed For $162,900
15.  4961 Pretty Doe Lane, Paso Robles – Single Family, Currently Listed For $159,000
16.  4546 Windward Way, Paso Robles – Mobile Home, Currently Listed For $139,900
17.  5033 Bluebird Paso Robles – Single Family, Currently Listed For $178,500

Prices Just REDUCED this month in Lake Nacimiento

1.     2399 Comanche Way, Paso Robles – Mobile Home, 1 Bed/ 1 Bath, Currently Listed For $54,900
2.     2105 Clamath, Paso Robles – Mobile Home, Sleeps Six, Currently Listed For $69,900
3.     8383 Stub End Circle, Bradley – Vacant Land, .12 Acres, Currently Listed For $94,500
4.     9912 Sunfish Circle, Paso Robles – Vacant Land, 1.18 Acres, Currently Listed For $105,000
5.     8055 Pine Branch Road, Bradley – Vacant Land, .24 Acres, Currently Listed For $125,000
6.     9975 Bluegill Drive #48, Paso Robles – Vacant Land, 1.38 Acres, Currently Listed For $145,000
7.     9940 Bluegill Drive, Paso Robles – Vacant Land, 1.00 Acres, Currently Listed For $145,000
8.     4961 Pretty Doe Lane, Paso Robles – Single Family, 3 Bed/ 1.5 Bath, Currently Listed For $159,000
9.     3087 Bridle Trail, Paso Robles – Mobile Home, 3 Bed/ 2 Bath, Currently Listed For $187,000
10.   2697 Bridle Trail, Paso Robles – Single Family, 3 Bed/ 2 Bath, Currently Listed For $199,000

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!

Lake Nacimiento Water and Weather Update

Lake Nacimiento’s levels are currently at 78% and an elevation of 754.1 with a total of 14.17 inches of rain fall so far this year which is almost 4 inches less than last year on this date. We are expecting rain for the next 10 days, so do your rain dance to maximize results!

Click here for more photos of Lake Nacimiento at 78%!

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 you are considering buying a home in the Oak Shores or Heritage Ranch communities on Lake Nacimiento, you’ll find that this year has brought about a few changes.  The Lake Nacimiento Real Estate market is still leaning somewhat towards buyers, although it is still continuing on its steady road to recovery.  The change that stands out the most in 2011 is that lenders are tightening the reins on qualifying for a home loan.

While there are more restrictions on getting a home loan; that’s not to discourage you!  Buying a home this spring just means you’ll have to do a little more work before you begin the home buying process!  As a Lake Nacimiento Real Estate agent, I want to be sure to provide you with all the information you need for a smooth home buying process.  I’ve compiled a few tips that will help you qualify for a Lake Nacimiento home loan and will be sure to have you searching for your dream home on Lake Nacimiento in no time!

- Know your borrowing limit- If you’re not sure how much you want to borrow, a good rule of thumb is to look at the Federal Housing Administration requirements.  FHA will limit mortgage payments at 31% of gross monthly income before taxes for most buyers.  This can help ensure that you’re not getting in too far over your head.  If we’ve learned anything over the past few years, it’s to play it safe in the housing market.

- Have the right credit score- Credit scores are moving to the forefront of being approved for a Lake Nacimiento home loan.  Most lenders are expecting a credit score of 600+ even for FHA loans.  A good credit score will not only help you qualify for a home loan, but can lower your interest rate, which can save you thousands of dollars in the long run.

- Shop around- The interest rate is important, but there are other costs to consider such as discount points and even the type of mortgage loan. When shopping for best rates, compare various combinations of discount points and loan types. Your Lake Nacimiento Real Estate agent can help you decide on the best option.

- Consider a No-Closing-Cost Loan- If you have positive equity, but are lower on cash up front, you do have an option to choose a no-closing cost loan.  This simply means that you’ll have a slightly higher rate, but the closing costs will be paid over time instead of up front.

As you can see these changes are minimal, but something of which you’ll want to be aware.  If you have questions about qualifying for a Lake Nacimeinto home loan; please let me know!  I’d be happy to answer your questions and help you each step of the way through the home buying process!  There are many great homes in Oak Shores or Heritage Ranch from which to choose, so you’ll be sure to find one that fits your needs and lifestyle.  Please feel free to contact me today to begin your Lake Nacimeinto home search!

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!