Forecast: The industry is stable with a chance of oversupply
While short crops eliminated a glut of wine grapes, the potential for overproduction still exists. According to Tim Hearden of Western Farm Press, two years ago, Allied Grape Growers’ president Jeff Bitter made waves by calling for a 30,000-acre reduction in West Coast wine grape acreage to correct an oversupply of fruit. Growers responded by taking out about half of those acres, mostly where it was more difficult to turn a profit. But two short crops in 2020 and ‘21 cured the glut and stabilized the industry, at least for now.
Realtor.com names San Luis Obispo County as one of “the hottest luxury real estate markets in America right now.”
According to a recent article from realtor.com, “the demand for luxury homes in popular vacation areas, particularly along the coasts, has surged.” Our county is no exception. The beautiful landscape of the Central Coast has become more sought after than ever, as many of the wealthiest buyers have begun working remotely.
Read more about our local luxury market and see who else made the list:
Check out this rare opportunity to invest in a vineyard property in peak production years!
Located in the celebrated Estrella District of Paso Robles AVA, this property is home to 65 acres of desirable varietals (Cabernet Sauvignon, Petite Sirah, Albariño, Malbec, Petit Verdot, Cabernet Franc, Merlot, and Zinfandel), these in-demand grapes have strong historic yields. The average age of these vines are 8 to 9 years-old.
You’re the first to know! Diversified wine country farm with high-end custom home, prestigious vineyard and a number of passive income streams generating multiple six-figure income annually.
A profitable opportunity for a sharp investor, this leading vineyard property in a renowned District of the Paso Robles AVA totals 100 fenced acres and yields a substantial annual income.
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