Here's what you need to know about the past 12 months in Vineyard Real Estate:
High Level Market Conditions
💧 Water
Well restrictions (Executive Order N-7-22) and the Sustainable Groundwater Management Act affect Paso Robles Groundwater Basin. Limited ground for new vineyards and limited water are impacting supply with rising demand for the area.
🍇 Grape Pricing
Limited supply and a dried-up bulk wine market have increased grape pricing and demand.
⭐️ Buyers
Lifestyle buyers continue to pour in from LA and the Bay Area with significant wealth. They see value in Central Coast vineyard properties and the phenomenal lifestyle this desirable region has to offer.
Takeaway: California Water Restrictions are creating a continued narrowing supply of land suitable for high-end wine production.
Check out more 2022 highlights on Jenny’s latest Blog Post:
Congratulations to the winner of our Gratitude Challenge, Kate Graham! Kate will receive a mixed half case of yummy Paso Robles wine.
Thanks to all who participated—we loved reading what you’re grateful for. Here are a few of our favorite submissions:
A prominent wine country asset located in the desirable Willow Creek District of Paso Robles AVA—this 50 acre property offers it all from 40 acres of plantable vineyard land, a winery, and tasting room, to an inviting 3 bedroom vacation home, historic barn, and picturesque pond. The popular tasting room features a wraparound porch surrounded by lush green landscaping while extensive grounds include a 7,000 sq.ft. pond and historic 1,800 sq.ft. barn.
Vast views of rolling hills dotted with oak trees make this 17+ acre vineyard property a scenic paradise complete with a primary home, casita, and barn—plus the opportunity to build a second home of any size. Located in the desirable Adelaide District of Paso Robles AVA, you found the perfect escape or potential wedding venue complete with a pool, spa, and inviting outdoor veranda. Both the remodeled 2,500+ sq.ft. primary home and 900 sq.ft. casita feature spacious floor plans with stunning green views.
The perfect scenic vineyard setting to build a custom home you love, this gated 10.5 acre property is completely fenced for your peace and privacy. Located on Paso Robles westside in the Adelaida AVA, the desirable 8.4 acre vineyard includes 2.15 acres of Petite Sirah and 6.28 acres of Zinfandel. Planted in 2004, the vineyard operates under organic farming practices and goes into a $47 bottle of wine.
Beyond closing 7 transactions for a total of $35,000,000—additional deals are scheduled to close this month for $11 and $9.5 million respectively. Our team at Jenny Heinzen Real Estate is committed to continuing to provide our clients the highest standard of care.
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