Looking back on 2022, Jenny Heinzen Real Estate earned new levels of success. 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.
A wine country insider with 20+ years in business and an in-depth understanding of the Paso Robles AVA, Jenny averaged $5 million per transaction this year. So, what consistently makes all the difference? Jenny and her team stand out for providing clients with the highest standard of care. Now, 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.
2022 Highlights
Confidential Listing | Paso Robles, CA
Sold for $5,600,000 in February
Located in the Paso Robles AVA, this investment property totals 100 fenced acres and yields a substantial annual income.
20300 Cachagua Road | Carmel Valley, CA
Sold for $7,500,000 in August
A luxury estate vineyard and winery in the prestigious Carmel Valley AVA of Monterey County, this expansive property features hundreds of acres and numerous buildable parcels.
6725 Von Dollen Road | San Miguel, CA
Sold for $3,200,000 in March
Judd Manor has it all from a thriving 28-acre vineyard, two modern homes that double as in-demand vacation rentals, and a versatile event center
2023 Vineyard Real Estate Forecast
There will be some bumps in the road with the economy and interest rates, however in the long term Central Coast Vineyards in premium areas will continue to gain equity.
Looking Ahead
Seeking to buy or sell vineyard real estate? California's top vineyard broker, Jenny Heinzen is the go-to agent for acclaimed wine industry clients, investment funds, and high-net-worth individuals. Equipped with over two decades of industry expertise and $250+ million in closed real estate transactions, she's prepared to help you achieve your goals.
Contact Jenny at (805) 260-0581 or email [email protected].
