Across Jenny's lifetime of experience brokering California wineries and vineyards, this is by far the best vineyard real estate market she's seen. Now here's what you need to know:
1. A flood of vineyard lifestyle buyers only continues to increase throughout the Paso Robles wine region. In fact, a recent vineyard listing of Jenny's received 21 showings and 7 offers—many of them cash. With bidding reaching more than a million dollars over asking price, the property proved to be a desirable asset mix for the current market and was ultimately leased, taking the risk and learning curve out of the equation for the buyer.
2. The biggest factors? Location and asset mix. Fringe areas aren't seeing this type of buzz and activity—it's all about Paso Robles. Ideal properties also feature multiple assets from a vineyard and houses to production facilities. The simpler, the better.
3. On the commercial side, vineyards and production facilities are also selling faster than ever. Many of Jenny's recent listings haven't even made it to the open market before being snatched up by savvy wine groups. These are vineyard properties in the $5 to $20 million range with buyers more than willing to pay full price.
4. For the first time in decades, both the real estate and grape markets have converged. While the grape market typically lags behind real estate, today both are healthy and creating a remarkably hot market for Paso Robles vineyards.
Looking to make the most of this historic moment?
Jenny Henizen Real Estate is here for you. With 6,500 acres of vineyard property sold in 2020 and 2021, there's no one better to ensure you reach your goals. California's #1 Vineyard Real Estate Broker, Jenny is the seasoned Vineyard agent of choice for discerning lifestyle buyers and institutional investors alike.
Contact Jenny Heinzen Real Estate now:
(805) 260-0581 | [email protected]
Call/Text (805) 260-0581
Vineyard Broker #01436553
