TOP 14 CENTRAL COAST CITIES by David Norwood

In the next few week and months, I am planning on writing about all of the Cities on the Central Coast of California.

TOP 14 CENTRAL COAST CITIES by David Norwood - Central Coast Real Estate

My plan is to write about:
SOUTH SAN LUIS OBISPO COUNTY
Arroyo Grande - ARROYO GRANDE WONDERFUL SMALL TOWN ON THE CENTRAL COAST
Avila Beach -CALIFORNIA’S HIDDEN SECRET
Cayucos -– BEST BEACH – WARM WEATHER – DOG-FRIEND
Grover Beach - HISTORICAL BEACH TOWN – BUILT IN THE 1800’S
Los Osos - “THE BEAR” – GATEWAY TO MONTAÑA DE ORO STATE PARK
Morro Bay – BEACH TOWN – SANDY BEACHES
Nipomo - HISTORIC VILLAGE WITH THE BEST CLIMATE IN THE NATION
Oceano -FAMOUS FOR ITS SANDY BEACH YOU CAN DRIVE ON
Pismo Beach (Shell Beach) NOT YOUR TYPICAL BEACH TOWN
San Luis Obispo- (SLO) CALIFORNIA – “THE HAPPIEST CITY IN AMERICA”

NORTH SAN LUIS OBISPO COUNTY
Atascadero,
Paso Robles,
Templeton.

So, if you read my blog, and you are familiar with a particular city on the list above, I certainly would like to hear from you in advance so I can add your comments about any of the cities I will be writing about.

David Norwood- Central Coast Real Estate – Real Time Home Search

David@DNorwood.com 805-270-5860

www.DNorwood.com

SAVE $10,000 BY BUYING A HOME COMPARED TO RENTING

There are several reasons to buy a home, and the most important reason is that it is the ONLY way a working person can lower their income taxes.  Loan interest on homes are tax deductible and there is NO tax advantage when you rent.

How much can you deduct off of your income tax will depend on how much your salary is.  The average amount a person pays is around 25% of their salary in federal income taxes, so the more money you make the more you can deduct from you income taxes.

Below are several charted examples of how much you can deduct, but these two statements should make it clear if your tax bracket is at 25%:

If your rent is $2, 147.00 per month you are paying $30,730 for housing per year.

If your loan is $2,147.00 per month you are paying $20,801 for housing per year.

If you buy a home you can save up to $10,000 or more per year.

Interest rates today with 20% down can be under 4%.

INTEREST RATES; 4% WITH A TAX BRACKET OF 25%

Loan Amount	Rent or Loan Payment Per Month	Cost to Rent First Year	Cost To Borrow First Year	Rent Verses Loan Savings First Year
$600,000.00	$2,864.50	$40,326.00	$28,422.00	$11,904.00
$500,000.00	$2,387.08	$33,605.00	$23,685.00	$9,920.00
$400,000.00	$1,909.67	$26,884.00	$18,948.00	$7,936.00
$300,000.00	$1,432.25	$20,163.00	$14,211.00	$5,952.00
$200,000.00	$954.83	$13,438.00	$9,478.00	$3,960.00
$100,000.00	$477.42	$6,721.00	$4,737.00	$1,984.00

Interest rates today with less than 20% down can be over 4%.

INTEREST RATES; 5% WITH A TAX BRACKET OF 25%

Loan Amount	Rent or Loan Payment Per Month	Cost to Rent First Year	Cost To Borrow First Year	Rent Verses Loan Savings First Year
$600,000.00	$3,220.00	$46,101.00	$31,201.00	$14,900.00
$500,000.00	$2,684.00	$38,417.00	$25,994.00	$12,423.00
$400,000.00	$2,147.00	$30,730.00	$20,801.00	$9,929.00
$300,000.00	$1,610.00	$23,051.00	$15,601.00	$7,450.00
$200,000.00	$1,073.00	$15,367.00	$10,401.00	$4,966.00
$100,000.00	$536.83	$7,684.00	$5,200.00	$2,484.00

Keep in mind that you also have to pay 1% of the sales price for property taxes, but the increase in value, (equity) should make up the cost of taxes plus property taxes are also deductible.

Check back next month as I will be writing a blog on home equity after the recession. If you cannot wait, give me a call at 805-27-5860 or email me David@DNorwood.com

David Norwood- Central Coast Real Estate – Real Time Home Search

http://DNorwood.com

David Norwood-Central Coast Real Estate 

HOW TO SAVE 30% ON YOUR HOME UTILITIES – GAS AND ELECTRIC CARE PROGRAMS

HOW TO SAVE 30% ON YOUR HOME UTILITIES – GAS AND ELECTRIC CARE PROGRAMS

If you are a first time home buyer, retired, work for minimum wage or a student, most likely will qualify for the CARE programs offered by Southern California Gas Company, Pacific Gas and Electric (PG&E), and Southern California Edison.

All three utility companies have CARE programs.  The more people in your household the greater chance you will qualify.  For example, if you are a couple with one child, and earn up to $47,700, you will save 30%.  So, an electric bill for $82.22 could be as little as $57.15.

ENROLL IN PG&E CARE PROGRAM

ENROLL IN SOUTHERN CALIFORNIA GAS COMPANY CARE PROGRAM
Below are the requirements to qualify.

 Total income for all persons in your household meets the following income guidelines:

Number of persons in household	Total yearly household income* no more than
1-2	$31,460
3	$39,580
4	$47,700
5	$55,820
6	$63,940
7	$72,060
8	$80,180
For each additional person in your household add $8,120. * Includes current household income from all sources before deductions

View all of the available homes on the Central Coast of CA in REAL TIME at
David Norwood- Central Coast Real Estate – Real Time Home Search

David Norwood-Central Coast Real Estate David@DNorwood.com

805-270-5860  http://DNorwood.com

WILL HOME PRICES GO UP OR DOWN IF INTEREST RATES GO UP?

Contrary to popular belief, it is statically NOT true if the Fed increases interest rates, home prices will come down. It IS true, if interest rates are increased home prices will go UP.

In August 2014, Dr. Steve Sjuggerud from Stansberry and Assoc. Investment Research wrote, “Housing rises faster than normal when the Fed raises rates. And it rises slower than normal when the fed cuts rates, and home prices tend to do better when the Fed is raising interest rates … based on data over 46 years, Take a look”

Average Return	6 Months	1 Year	2 Years
Start of cutting rates	1.8%	4.7%	8.9%
Start of raising rates	3.7%	6.7%	13.3%
All Periods	2.7%	5.3%	10.9%

Fear of prices or interest rates increasing is one of the factors that motivate buyers to buy a home.  When the feds increase interest rates, the news media reports the change and people start to buy again. As home sales increase, inventories go down and prices go up—“Supply and Demand”.

Today, interest rates are still historically low at around 4% for both conventional loans and jumbo loans.
In San Luis Obispo County, homes are certainly selling.  This year, 2014, 1,794 homes have sold with 503 homes in escrow.

Currently, there are 1,092 homes available for sale priced as low $239,000 for a condo in Templeton, CA or as high as $19,000 for a 3,500 acre range in Arroyo Grande, CA.

Inventories are high, which historically is the best time to buy.  If you are a buyer and have not decided if it is time to buy, you may want to decide before interest rates increase and price go up.

Check out all of the available one in San Luis Obispo in Real Time on my web site at www.DNorwood.com or Call me at 805-270-5860 and I can send you link to affordable homes you will love.

David Norwood-Central Coast Real Estate David@DNorwood.com

WHY IS THAT HOME PRICED SO LOW? HOW TO VIEW A HOME USING GOOGLE STREET MAPS

If you have been looking for a home, you might see a home that is priced lower than all of the others in the same neighborhood and wonder why?  If it is too good to be true, than you need to ask yourself why?  In most cases it is because it is located next to a busy street, or freeway?
The solution is simple, look at an Aerial view and or a Google Street map. If you are not already aware of it, Google has been photographing the US and has created an amazing way to look at the front of a home. Below are instructions on to use Google Street maps.

1. In Google search, type in and address of the home or street, which should bring up a map. Click on the map.

2. Click on the Satellite square in the corner of the map—is the home next to a busy street?

3. Click on the little yellow or yellow & white man in the corner, which will turn the roads blue.

4. Use the pointer and drag the little man to the marked address or street.

5. The map will turn in to a virtual view of the street, which you can move around in any direction.

6. To get back to the map view, click on back to map in the corner of the Street View.

Google Street map Link to Matte Road, Pismo Beach California, next to the freeway
Example; Google Street map Link to Matte Road, Pismo Beach California, next to the Freeway

Google street maps is one of my favorite tools to help people find homes and before I set up an appointment to show a home, I will look at the map and see if it is on a busy street.  So, when you are looking for a home you like, look at in on an aerial view map. It will save you a lot of time and ware on your car.

The rule of thumb is if you can see the tires, it is probably too loud.

There are several other reasons why a home may be priced low and homes are often are priced incorrectly. A lower price is not always an indication that it is next to a busy street. Call me at 805-270-5860 and I will be happy to help you determine if a home is priced correctly or why is it priced lower than other homes in the same area.

View all of the available homes on the Central Coast of CA in REAL TIME at
David Norwood- Central Coast Real Estate – Real Time Home Search

Pismo Beach CA 2011, 122 Homes Sold – Only 20 Shell Beach Homes for Sale

Since the first of January, 2011, 122 single family, Pismo Beach homes have sold or are in escrow. 66 Homes sold or were in escrow during the same time period in 2010


With an amazing sales year coming to an end, currently there are only twenty homes available in Shell Beach.

If you have any questions feel free to call me at
805-471-0828 or e-mail David@DNorwood.com

Go to http://dnorwood.com/arroyo_grande_pismo_shell_beach_newsletters.aspx to see all of my Newslwtter and sales data going back to 2008

Arroyo Grande CA 2011, 309 Homes Sold – Only 10 Homes for Sale

Since the first of January, 2011, 252 single family, Arroyo Grande homes have sold or are in escrow. 168 Homes sold or were in escrow during the same time period in 2010.


With an amazing sales year coming to an end, currently there are only ten homes available in the most desirable neighborhoods in Arroyo Grande.

There are no homes for sale in The Highlands or Village Glenn. Oak Park Estates has three homes for sale. In Royal Oaks there is one home for sale, and in all of Rancho Grande there are only six homes available.

If you have any questions feel free to call me at

805-471-0828 or e-mail David@DNorwood.com

Go to http://dnorwood.com/arroyo_grande_pismo_shell_beach_newsletters.aspx to see all of my Newslwtter and sales data going back to 2008

Pismo Beach CA - 2011 114 Homes Sold - Only 19 Shell Beach Homes for Sale

Pismo Beach CA - 2011 114 Homes Sold - Since the first of January, 2011, 114 single family, Pismo Beach homes have sold or are in escrow. 65 Homes sold or were in escrow during the same time period in 2010


Only 19 Shell Beach Homes for Sale - After record summer sales, currently there are only nineteen homes available in Shell Beach.

If you have any questions feel free to call me at
805-471-0828 or e-mail David@DNorwood.com

Go to http://dnorwood.com/arroyo_grande_pismo_shell_beach_newsletters.aspx to see all of my Newslwtter and sales data going back to 2008

Arroyo Grande, CA - 2011 291 Homes Sold - Only 13 Homes for Sale

Arroyo Grande, CA - 2011 291 Homes Sold -Since the first of January, 2011, 291 single family, Arroyo Grande homes have sold or are in escrow. 229 Homes sold or were in escrow during the same time period in 2010




Only 13 Homes for Sale After record summer sales, currently there are only thirteen homes available in the most desirable neighborhoods in AG. There are no homes for sale in The Highlands or Village Glenn. Oak Park Estates has three homes for sale. In Royal Oaks there is one home for sale, and in all of Rancho Grande there are only ten homes available.



If you have any questions feel free to call me at

805-471-0828 or e-mail David@DNorwood.com



Go to http://dnorwood.com/arroyo_grande_pismo_shell_beach_newsletters.aspx to view Recent sales and litings going back to 2008.

Pismo Beach 2011, 96 Homes Sold

Since the first of January, 2011, 96 single family, Pismo Beach homes have sold or are in escrow. 51 Homes sold or were in escrow during the same time period in 2010




To see more blogs and newsletters go to http://dnorwood.com

Arroyo Grande 2011, 252 Homes Sold

Since the first of January, 2011, 252 single family, Arroyo Grande homes have sold or are in escrow. 168 Homes sold or were in escrow during the same time period in 2010.




To see more blogs and newsletters go to http://dnorwood.com

2011 San Luis Obispo Arroyo Grande Pismo Beach Home Sales Update

After 8 months into 2011, the total single family homes sold in San Luis Obispo County is almost equal to the total sales in and 2010. If home sales continue at this amazing rate, by the end of 2011 the total home sales could double compared to the last two years.




San Luis Obispo County

Year Homes Sold or In Escrow

2009 2208

2010 2238

2011 2156 (January to August 31) 8 months.



Pismo Beach

Year Homes Sold

2009 70

2010 65

2011 96 (January to August 31) 8 months.



Arroyo Grande

Year Homes Sold or In Escrow

2009 218

2010 242

2011 252 (January to August 31) 8 months.



To see more blogs and newsletters go to http://dnorwood.com

Five Reasons To Google Your Address

For many, it is common to search the internet to find products or services, but it is less common to search for your home's address. Homeowners will benefit from searching their address, and this is why:

1. See If Megan's law registrants live nearby - Megan's Law requires law-enforcement to provide information regarding registered sex offenders.


2. Find crime reports for your home - A Google search for your address and "crime reports" will likely turn up a police crime map and statistics about crime in your neighborhood.


3. Detect scammers trying to rent or sell your home - Scammers may compose fake listings offering your property for rent or lease-to-own at extremely low prices or terms.


4. Get a copy of your home's property records - Online records about your home are from public records, often so old, they do not reflect accurate details about your home. If you discover inaccuracies in online reports, I recommend you contact the SLO county public records to correct these problems; especially if you are considering selling your home.


5. Look at your home's Google street views - When considering selling your home, it is important to see what prospective home buyers will see. You may discover that the map is not accurate or your home not listed. Buyers often Google the location of a home for sale, if you are not on the map, or in the wrong location, you may have problems selling your home.

http://dnorwood.com/ - david@dnorwood.com - 805-471-0828

Pismo Beach 2011, 17 Homes Sold

Since the first of January, 2011, 17 single family, Pismo Beach homes have sold or are in escrow.

13 Homes sold or were in escrow during the same time period in 2010 - If you have any questions feel free to call me at  805-471-0828 or e-mail David@DNorwood.com

Arroyo Grande 2011, 54 Homes Sold

Since the first of January, 2011, 54 single family, Arroyo Grande homes have sold or are in escrow.

55 Homes sold or were in escrow during the same time period in 2010.
If you have any questions feel free to call me at  805-471-0828 or e-mail David@DNorwood.com

Total San Luis Obispo County Arroyo Grande Pismo Beach sales in 2010 were the same as 2008 and 2009

Surprisingly, the total amount of homes sold in San Luis Obispo County: Pismo Beach and Arroyo Grande in 2010 was the same as 2008, 2009 and 2010.  See Chart below.  http://dnorwood.com - david@dnorwood.com – 805-471-0828

Pismo Beach Single Family Homes Sold



Year……Homes Sold……..Average Price…..Foreclosures


2010……79……………….$614,000………….20


2009……70……………….$792,000………….18


2008……82……………….$895,000………….5






Arroyo Grande Single Family Homes Sold


Year……Homes Sold……..Average Price…..Foreclosures


2010……285………………$571,000…………81


2009……218………………$552,000…………71


2008……244………………$648,000…………58






SLO County Single Family Homes Sold


Year……Homes Sold……..Average Price…..Foreclosures


2010……2,223…………….$460,000……… .1,701


2009……2,220…………….$479,000……….2,040


2008……2,057…………….$550,000…….…1,799

2010 Pismo Beach CA Sales up Compared to 2009

Since the first of January, 2010, 71 single family, Pismo Beach homes have sold or are in escrow. 63 Homes sold during the same time period in 2009 

2010 Arroyo Grande CA Sales up Compared to 2009

Since the first of January, 2010, 265 single family, Arroyo Grande homes have sold or are in escrow. 202 Homes sold during the same time period in 2009

Eliminating Mortgage Tax Deduction Proposal Rejected

Early in November 2010, Obama's deficit commission proposed to curtail the tax deduction for mortgage interest.  Fortunately, the unpopular proposal was defeated.  The affect on an already fragile real estate market would have been devastating.  According to the National Association of Realtors, if the proposal was not defeated, property values would have plummeted an additional 15%. 

Announcing my new multiple listing ( MLS) web site search at http://Dnorwood.com

Announcing my new multiple listing ( MLS) web site search at http://Dnorwood.com under the Search Homes and Foreclosures Tabs. The new search engine is amazing. You can explore all of the available listings with the simple form fill.

Hope you will like my new MLS search web site. I look forward to receiving your feedback.

David Norwood - Central Coast Real Estate

Higher Limit Loan Amounts Extended - 229 Homes Sold in Arroyo Grande 2010 65 in Pismo Beach

ARROYO GRANDE
Since the first of January, 2010, 229 single family, Arroyo Grande homes have sold or are in escrow. 158 Homes sold during the same time period in 2009.

PISMO BEACH
Since the first of January, 2010, 229 single family, Pismo Beach homes have sold or are in escrow. 52 Homes sold during the same time period in 2009.


Higher Limit Loan Amounts Extended – President Obama signed a resolution in September, extending until the end of 2011, the higher temporary $687,500 conforming loan amount for SLO County. Had the resolution not passed, the maximum a buyer would have been able to borrow, at a lower non “Jumbo” interest rate, and would have gone back to $417.000.


This is great news for owners with home values around $860,000, because it will allow a buyer to borrow up to $687,500, with a 20% down payment, at a lower interest rate. This will help homes remain more affordable and ultimately, it will help to stabilize the overall home values on the Coast. Ref: CA Association of Real Estate

FREE MLS (MULTIPAL LISTINGS) SAN LUIS OBISPO CENTRAL COAST CA

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Buy Homes On The Central Coast Of California / San Luis Obispo

Want to live on the California Coast?  Real Estate broker David Norwood, at http://DNorwood.com offers Free MLS / multiple listings http://dnorwood.com/MLS.aspx to buyers along with other great home buying and selling resources.

David Norwood

Central Coast Real Estate

Broker Lic. # 01260196

Arroyo Grande, CA 93420

C  805-471-0828

E  David@DNorwood.com

W  http://DNorwood.com

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