1. We have a new simple, mobile, tablet friendly website
with custom search options. We will add more as needed.
Real estate is the property consisting of land and buildings on it,
along with its natural resources such as crops, minerals or water
immovable property of this nature. An interest vested in this as
an item of real property. (more generally) buildings or housing in
general. The business of real estate is the profession of buying,
selling, or renting land, buildings or housing.”
Commercial Property (also called commercial real estate,
investment or income property) refers to buildings or land
intended to generate a profit, either from capital gain or rental
income.
November 2014 Newsblo is mostly facts with a little air-relief. Source, Lora Eade.
Quick North County SLO Stats YTD Gross
Quick North County SLO Stats YTD Gross
Commercial sales
(excluding the
zones)
Totaled over
$10,900,000
Multi-family sales over
$3,560,000
Ag. Sales over
$45,600,000
Target’s new CEO is Brian Cornell. CYA management change,
with major security breach.
Quiznos, entered and exited chapter 11, Yay!
Jamba Juice, started by Cal Poly Students in 1990,
made Forbes top Franchise list for 2014.
Walmart got the thumbs up for an Atascaderolocation. Besides
Mexican bribery, reduced health benefits and those lovely photos of
shoppers, their stock, since they first attempted to locate in
Atascadero is up over 20%.
2. Newsblo, November 2014
Tractor Supply, found it’s resting place off Black Oak drive after naming
it’s home in Atascadero years before. They have opened 85 new stores,
as of 3rd quarter in 2014. They have great shovels and rodent traps!
Tractor Supply, found it’s resting place off Black Oak drive after naming
it’s home in Atascadero years before. They have opened 85 new stores,
as of 3rd quarter in 2014. They have great shovels and rodent traps!
American Society of Farm Managers and Rural Appraisers. Call for the full report….2014
SAN LUIS OBISPO AND SANTA BARBARA COUNTIES
LAND USE LAND USELAND USELAND USE LAND USE
Row Crops
Coastal Rangeland
Inland Rangeland
Rangeland
Wine Grapes
(San Luis Co)
(San Luis Co)
(Sants Barbara Co)
$20, 000
to
$54, 000
$2, 500
to
$9, 000
$500
to
$7, 500
$1, 000
to
$9, 000
$25, 000
to
$60, 000
Limited / Stable
Limited / Stable
Limited / Stable
Limited / Stable
Limited / Stable
Strong
/ Increasing
Limited / Stable
Limited / Stable
N/A
Limited / Stable
None
$1, 000
to
$2, 000
$5
to
$20
$5
to
$15
$5
to
$20
4. Newsblo, November 2014
Top 5 Value Crops in California
Top 5 Value Crops in SLO County
Third quarter market commercial market trends nationwide
Wine Grapes Strawberries Cattle and Calves Broccoli Avocados
$220,355,000 $210,579,000 $96,390,000 $64,135,000 $44,299,000
23% 22%
10% 7% 5%
Milk & Cream Grapes Almonds NurseryCattle and Calves
CCIM Transaction Survey HIGHLIGHTS
With rising deals and investor confidence, CCIM members provided
insights into their markets in an August/September 2014 survey.
Industrial deal flow saw the biggest increase with 71% of respondents reporting year-over-year GAINS.
5. Newsblo, November 2014
Approximately 79% of respondents said they received MORE SERIOUS INQUIRIES form buyers in 3Q14.
Multifamily property PRICE ROSE in 3Q14 for more than 68% of respondents.
REIT Pick: Vanguard REIT index fund – 13.03% over the last Year.
6. Newsblo, November 2014
2015 Looking forward………………….Question to you?
Highlights of the September 2014 California Forecast – Dr. Jeffrey Michael
California is forecast to experience 3.4% growth in real gross state product over the next year, and accelerate to
3.8% growth in 2016.
California unemployment rate has fallen to 7.4%. We expect the unemployment rate to decline more gradually in
the months ahead and fall below 7% in the 2nd quarter of 2015, and reach 6% by the middle of 2016.
Nonfarm payroll jobs recently reached their pre-recession, 2007 peak. Payrolls are projected to grow at a 2.1% rate
over the next 12 months, and increase to 2.3% growth in 2015.
State and local government employment stabilized in 2013 after four years of decline. We expect modest, 0.6%
growth in state and local government payrolls in 2014 and a gradual increase to 1.6% growth by 2017. Because of
this slow recovery, we project state and local government payrolls will still be slightly below 2008 levels in 2018.
The Health Services sector was the only private sector to experience consistent job growth throughout the recession.
Health care employment will continue substantial gains of about 60,000 jobs per year over the next few years.
Professional Scientific & Technical Services is a high-paying sector that has led job growth in the recovery and fully
recovered pre-recession employment in early 2012. This sector is projected to continue over 3% growth, adding
35,000 jobs over the next year.
Manufacturing employment has shown very little growth over the past four years after a decade of large declines.
We project roughly 1% growth in manufacturing jobs in 2015 and 2016 with some of the growth driven by the
construction rebound and the increasing demand for building materials.
About 250,000 new Construction jobs are expected to be created over the next four years, about one-fifth of the
nearly 1.3 million jobs California will add between 2014 and 2018. Despite leading the state in job growth over the
next four years, there will still be fewer Construction jobs in 2018 than before the recession.
Single-family housing starts have been slow to respond to increased housing prices, and we project 43,000 single
family housing starts in 2014. We project an increase to 61,000 single-family units in 2015, 86,000 in 2016, and
remaining just below 100,000 units in subsequent years.
Multi-family housing starts have recovered pre-recession levels, and are projected to increase from about 40,000
new starts in 2014 to just above 60,000 units each year from 2016 to 2018.
Of course water is a tremendous topic, however what will the new AVA’s do to real estate?
Will bottle sales in each AVA impact real estate values?
If you’re a vineyard/winery, can the inflated real estate value of 20-30%, balance in the investment analysis?
Can the investment recover the additional real estate expense in the price per ton or price per case?
What do you do about the AVA
neighbor who makes less than
desirable wine with good grapes
and downgrades your AVA?
Have you heard of the
Internet of things?
I’m investing long in GE & Qualcomm
for the Internet of things.
What do you think
of this newsblo?
How can we make
it better for you?
7. Newsblo, November 2014
Side Notes
Sources
1. California Department of Real Estate has made a steady changes toward becoming the California Bureau of
Real Estate. The website address is the same www.dre.ca.gov.
2. Big SLO Events: 2014 California Mid State Fair 415,421 in attendance & 2013 Sunset Savor Central Coast
over 10,500 in attendance.
3. There is a new domain extension in town…………..www.joedonut.realtor, there are no geographic area id’s
like www.pasorobles.realtor
4. What is CREIA? California real estate inspection association Click here
5. Did you know that real estate brokers complete, for you, continuing education courses in order to maintain
a license?
6. 2014 is almost over, talk to you tax accountant today about your tax returns and then call me if you need
last minute real estate changes.
1. Wikipedia.org
2. Realist. (interfamily sales included, multi-parcel sales were addressed)
4. San Luis Obispo County Department of Agriculture | Weights & Measures | 2013
5. NASS
6. Dr. Jeffrey Michael – University of the Pacific.