Come sip, sample and savor with us as we celebrate the 22nd annual Anderson Valley Pinot Noir Festival, May 17-19th, 2019! Taste Anderson Valley Pinot Noir (plus rose and sparkling wines) from more than 50 producers, enjoy mouth-watering food pairings by our best chefs and local caterers, and listen to live music while bidding on exquisite auction lots for local charity.
Events range from educational seminars to a BBQ, grand tasting, winemaker dinners and free winery open houses – all hosted amidst the spectacular beauty of Anderson Valley’s vineyards and towering redwood trees. Music lovers will be happy to learn about an added bonus – this year Camp Navarro will host a concert on Saturday evening. Our events are uncrowded and unpretentious, and the Pinots are spectacular, so reserve your tickets (and lodging) now!
Click here to learn more about the Festival…..
Click here to visit our amazing Open House in Anderson Valley during the Festival….Hilltop Beauty on 200+ Acres
The spring season is filled with opportunities to celebrate and savor the exquisite vintages, flavors and beauty of wine country. Discover a few of our favorite upcoming festivals and celebrations you won’t want to miss!
Sebastopol celebrates the coming of spring with a parade on Saturday and two days of festivities. Come see the diverse and colorful parade floats, complete with old cars and Dachshund troops. The festival includes delicious food and fun craft vendors, as well as microbrews and local wines. Two stages will feature nonstop music both days!
This year’s festival celebrates the 100th anniversary of National Egg Day. Celebrate Petaluma’s rich agricultural history with a full day of contests and music, as well as a parade in the afternoon. There are plenty of food and craft vendors to explore, plus two beer gardens.
With a theme of “Celebrating 125 Years!” this years parade and festival is an opportunity to come together and celebrate the new season. The parade will open the day and a fun-filled festival will follow. Come out and join this resilient community for a day of fun and celebration!
With nearly 100 incredible bands featured this year, BottleRock has something for everyone. Enjoy a weekend in the sunny wine country with an abundance of wine, beer, food, and cocktails.
Boonville: 22nd Annual Legendary Boonville Beer Festival, April 27
The Boonville Beer Festival will feature over 80 breweries, including Boonville’s iconic Anderson Valley Brewing Company. There will be tons of delicious food to soak up all that beer, and fun vendors to explore. Ages 21 and up.
Head to Potter Valley for a parade, sanctioned rodeo events, BBQ, axe throwing competitions, a raffle, and plenty of vendors that will keep you sated and happy.
Celebrating Bud Break
First Signs of Spring in Sonoma, Napa & Mendocino Vineyards
If you’ve been out driving past vineyards in the North Bay, you may have noticed signs of Spring and the harbinger of the new season: Bud Break.
Though pruning crews have been out in the California North Coast’s prized vineyards since early this year prepping the plants, it’s at the first signs of new growth that the new growing season begins. And local growers Monday said “bud break” is upon us in the warmer areas of the region.
Growers often say that the outcome of the previous harvest sets the vines up physiologically for the next harvest. The official tally of the 2018 harvest is still a month away, but the North Coast haul is expected to be larger than 2017. The value of the North Coast wine grape harvest that year was $1.5 million.
“Buds on chardonnay in the Carneros AVA are swelling and bursting,” said Brittany Pederson, viticulturist at Renteria Vineyard Management, in Napa Valley Grapegrowers’ announcement of the new season that quotes several members of the trade group. “These are the first signs of bud break. In the weeks to come, when the weather gets consistently warmer, the sap will start flowing and the vines will be woken up. Bud break will really start to take off then.”
READ MORE at the North Bay Business Journal
*Article and image courtesy of the North Bay Business Journal
READ ON MOBILE…
California Real Estate Trends
Tight Supply » Low Affordability » Outmigration
Outmigration continues to be a big concern for the California housing market. Caused by the state’s housing affordability issue, outmigration has resulted in about 800,000 people leaving California since 2010. As of the fourth quarter of 2018, only 28 percent of California households could afford to purchase the median-priced home. While this number is up from 27 percent in the third quarter of 2018, it is down from 29 percent one year ago. The high cost of housing is forcing Californians out of their current county or out of the state entirely.
Those who are leaving California are mostly middle class and almost entirely comprised of people who make less than $100,000. In 2017, the minimum income required to buy a median-priced home in California was $110,890, while the annual mean wage for a variety of professions, including Registered Nurse ($102,700), Police and Sheriff’s Patrol Officer ($93,550), Elementary School Teacher ($77,990), and Firefighter ($73,860) was well below that minimum.
Outmigration is even more problematic in areas that have poor affordability, most notably the Bay Area. In San Francisco the minimum income required to buy a median-priced home reached $290,630 in 2017, while the income of those same professions did not even reach half the income requirement.
Outmigration is a direct consequence of tight inventory in the housing market in California. Home building has not kept pace with housing demand in the last 12 years. Between 2005 and 2016, California only added 270 units for every 1,000 new inhabitants, and the Golden State lagged other states in housing per capita by as much as 40 percent. The more California “underbuilds”, the higher prices grow, and the lower homeownership rate becomes. In fact, California is ranked the second lowest in homeownership across all states, out ranked by only New York.
Because of the state’s low housing affordability and its difficulty in achieving homeownership, Californians are leaving and headed to more affordable states such as Texas, Arizona, Nevada, and Oregon.
Businesses and jobs follow the California exodus as well, with companies such as Toyota, Jamba Juice, and Comcast leaving the state, resulting in fewer jobs for those still in the state, higher income inequality, and a reduction in the access of less skilled workers to high-wage labor markets.
That said, California is still a place where people want to live. Results from a recent poll of those who live in California show that 63 percent would not be willing to move out of California to achieve homeownership. In addition, 31 percent of home buyers surveyed in the California Association of REALTORS® 2018 Consumer Survey said they did consider purchasing a home in another state that met their needs but ultimately ended up staying in California because they like the city that they live in/like living in California as a whole (38%), didn’t want to leave their job or friends and family (20%), and California is either their home state or they have deep familiarity with the area (11%).
CALIFORNIA REAL ESTATE NEWS:
A More Balanced Market
*Article courtesy of car.org
According to California Association of Realtors, “California continued to move toward a more balanced market…”
“California continued to move toward a more balanced market as we see buyers having greater negotiating power and sellers making concessions to get their homes sold as inventory grows,” said C.A.R. President Jared Martin. “While interest rates have dropped down to the lowest point in 10 months, potential buyers are putting their homeownership plans on hold as they wait out further price adjustments.”
With this shift in the market, California home sales fall to lowest level in more than 10 years.
Here’s the article summary:
– Existing, single-family home sales totaled 357,730 in January on a seasonally adjusted annualized rate, down 3.9 percent from December and down 12.6 percent from January 2018.
– January’s statewide median home price was $538,690, down 3.4 percent from December and up 2.1 percent from January 2018.
– Statewide active listings rose for the 10th straight month, increasing 27 percent from the previous year.
– The statewide Unsold Inventory Index was 4.6 months in January, up from 3.5 months in December.
Sonoma County Barrel Auction
Rare Vintages Available For the First Time
If you are in the wine trade, don’t miss out on this one-of-a-kind experience…
Stay on top of this year’s Barrel tastings and discover rare vintages that are offered to the public for the first time… and will never be offered again! The invitation-only fifth annual Sonoma County Barrel Auction will be hosted at Mac Murray Estate vineyards on Friday, May 3rd. You can preview the action lots on the Sonoma County Barrel Auction website.
More from the North Bay Business Journal…
Trade and media guests are invited to the preview tastings. Hosting on May 2 will be the Petaluma Gap, Russian River Valley and West Sonoma Coast American Viticultural Areas at 11 a.m.–1 p.m., and at 2–4 p.m. Alexander Valley, Dry Creek Valley and Sonoma Valley AVAs. The tastings will feature participating wineries pouring barrel auction lots and current-release wines.
Discover Highlights Of The Auction Lots This Year…
*Article & Images Courtesy of the North Bay Business Journal