Team Sweasey's Real Estate Blog

Sept. 10, 2020

Virtual Tour - 235 Bridge St, San Luis Obispo 93401

Enjoy panoramic views of the city lights and surrounding hills from the spacious rooftop deck of this stunning modern luxury home. The 4 bedroom 3.5 bath Casona floor plan features 4 bedrooms, 3.5 baths and 2314 sq ft of living space designed by the award winning firm of Garcia Architecture & Design. Striking architecture, acute attention to detail, top of the line amenities make this one of the premiere neighborhoods in San Luis Obispo. The open concept main living area features an abundance of natural light throughout the living room, dining area, kitchen, and luxurious master suite. There are 2 decks on the main level, one accessed from the dining area with a spiral staircase to the rooftop deck and a private deck off the master bedroom. The ground level features 3 bedrooms, 2 baths and a 483 sq ft 2 car attached garage. Nestled in the South Hills, The Residences at Terraza offer low maintenance living with access to hiking and biking trails, a peaceful setting and less than a mile to downtown San Luis Obispo with great shopping and fine dining.

Call us on 805-781-3750 to find out more.

Sept. 10, 2020

How Can You Take Advantage of This Strong Market?

Thanks to your support, we are on our track to have our best year ever in this confusing 2020. A lot of that has to do with your referrals, and a lot of it has to do with the marketplace. This leads me to our market update today.

A lot of people have been asking me about our market lately and why it’s so strong. We don’t have all the answers, but we know a few for sure. The No. 1 reason for our market’s strength is interest rates. We have clients that are locking in 30-year loans at 2.75%. Some are getting them even lower.  

What does this mean if you’re a buyer? You could be finding a house you love at an interest rate and monthly payment that you’ll never see again. If you’re a seller, the strong demand allows you to move up, move down, etc. The buyer will be able to afford more, which makes your home more valuable. When rates go back up, that will affect home values negatively.

More people are working from home these days and trying to get away from the city. If you know someone from the Bay Area or L.A. who is looking for a change of scenery, you now know why.

Here’s the best example I can give you about the opportunity in this market. We had a client who sold a property and had to buy another for tax purposes. They were looking for rental properties to purchase and couldn’t find anything online. However, I remembered that I knew someone who was talking about selling their rental property. I showed the buyer the property once, they loved it, and bought it.

If you’re thinking of moving or know someone who is, there hasn’t been a much better time than this and we can use our vast resources and knowledge of this market to help you find opportunities you may not have with another team. We’ve done this for so long that we take it for granted, but we have solutions to help anyone in any situation buy, sell, or invest in real estate.

If you have any questions for me about this market or about real estate in general, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.

Sept. 10, 2020

Virtual Tour - 449 Terrace Street, Nipomo 93444

Enjoy panoramic views of the surrounding hills from virtually every room in this beautiful 3 bedroom 2.5 bath custom mission style home. Situated on a secluded street with only 3 neighboring properties and surrounded by mature oak and fruit trees, provides a quiet country atmosphere yet just minutes to town. Beautiful courtyard entrance featuring sautillo tiles, wisteria covered pergola and several seating areas nestled under the oaks. Attention to detail is evident throughout with high end finishes including open beamed ceilings, solid white oak flooring, a custom over-sized front door, fireplace, wainscoting and large picture windows showcasing the great views. The kitchen features solid granite counters, stainless appliances and overlooks the dining area with access to the side deck providing additional outdoor living area ideal for dinning al fresco while enjoying the beautiful, reflective sunsets. The main level features most of the living area including the master suite with french door access to the courtyard, the living room, dining area, kitchen and family room that could be 4th bedroom. The lower level features 2 guest rooms, guest bath, a bonus room and french door access to the back patio with spa, horse shoe pit and plenty of room for gardening and other outdoor projects. The lower level could easily be transformed into a separate guest/granny unit or possible rental.

Click here for more details.

Aug. 26, 2020

Virtual Tour - 2293 San Luis Drive, San Luis Obispo 93401

Impressive contemporary, ultra modern, single level home showcasing open concept living at it's finest. Featuring 3 spacious bedrooms, 2 baths, 2552 sq ft of living space with top of the line finishes including tile flooring, crown molding, 8' doors, Caesar stone counters, Hunter Douglas sheer blinds, just to name a few. The gourmet kitchen includes Thermador appliances, custom cabinets, Butler's pantry and a center island over looking the great room. The 3 sets of sliding glass doors lead to the 500 sq ft courtyard with built in out door kitchen and multiple seating areas making it the ideal venue for entertaining. From the courtyard, a path leads to the orchard with apple, apricot, plum, fig, avocado, kiwi, guava, passion fruit trees, citrus including lemon, orange, mandarin, blood orange trees plus blackberries and grapes. Several spots in the orchard to sit and enjoy the mountain views and surrounding nature. Located on one of the most coveted streets in San Luis Obsipo, at the end of the cul-de-sac offering a private sanctuary just minutes to downtown restaurants and shopping.

Click here to find out more.

Aug. 26, 2020

Virtual Tour - 1236 Pismo Street, San Luis Obispo 93401

Great downtown location along the creek with a main house featuring a 2 bedroom, 2.5 bath main house with a detached guest unit. The 1775 sq ft main house features wood floors throughout, the main level which includes the living room with fireplace, built in book cases and French door access to the back patio overlooking the creek. Arched entrance into the dining room with built in buffet, wainscoting and another arched entrance into the well appointed kitchen with French door access to the deck and pathway to the creek. The upper level features the guest room, guest bath and the spacious master suite with walk in shower with glass block enclosure. The 2 car attached garage offers ample room for storage. The 609 sq ft guest unit has a separate address and is situated over an additional 2 car garage and features a kitchen, bath, living room and loft. Great investment opportunity only steps to downtown San Luis Obispo!

Click the link to find out more.

Aug. 26, 2020

Virtual Tour - 350 Ocean Oaks Lane Unit #5, Avila Beach 93424

Stunning 3 bedroom, 4 bath luxury condo featuring Craftsman Style architecture set among oak covered hills with great views of Avila Beach. End unit with only 1 shared wall located at the end of the street with no through traffic. Beautifully appointed with top of the line amenities including hardwood and stone flooring through out, French doors, tank-less hot water heater, and wood cased windows offering views form every room. The main living area features a gourmet kitchen with Wolff range and granite slab counters, the dining room with access to the balcony, the living room with floor to ceiling stone fireplace, wet bar and access to the balcony, plus an office/den and full bath. The upper level features the guest rooms, guest bath, a private sauna and the luxurious master suite showcasing a peninsula fireplace, sitting room private balcony with ocean views and spa-like master bath with walk-in steam shower and jacuzzi tub. The ground level features the laundry room and spacious 2 car garage with 3/4 bath, ideal for after a long day at the beach. The 10 unit complex provides a resort like atmosphere with beautiful landscaping, a pool, spa, waterfall and private gate access to walk or bike to the beach. Wonderful opportunity for a vacation or 2nd home, or why not live the Avila Beach lifestyle year round, with great hiking, biking trails, golf and course the Beach!

Click here to find out more.

Aug. 17, 2020

Where’s the Market As We Enter the Back Half of 2020?

There’s no denying that our market is red hot. This month, we find our inventory down roughly 38% year over year. Last month it was down 30%, so we’re witnessing a definite tightening of the market, which I’ve already touched on in previous videos.

Meanwhile, our sales are up 16%. 360 homes went under contract in the county this month, but only 180 new listings. So again, no matter how you slice it, fewer homes coming on the market and more homes going into escrow is squeezing our market. Though there are a few homes lingering in certain price ranges, most are selling quickly right now.

How should we interpret all this? Well, if inventory continues to shrink, there will be greater upward pressure on home prices. Unless we get a flood of new homes for sale, or buyer demand drops off abruptly, we’ll likely have a strong market through at least the end of this calendar year. Beyond that point, it gets significantly harder to see.

Keep in mind, however, that things can shift very quickly. After all, this market went from being soft and quiet at the onset of COVID-19 to absolutely explosive once summer rolled around.

COVID hasn’t gone anywhere obviously, and in today’s ever-changing environment, having the right mortgage professional in your corner is invaluable. Here’s a recent example: A buyer working with an out-of-state lender had to wait a full month for the qualification process to be completed—well beyond the 17-day contingency removal we were supposed to have. Though the lender was doing their best, they had to be the bearer of bad news for a buyer who had already waited 30 days: Sorry—the buyer didn’t even qualify! Yikes…

We ended up taking that buyer’s lending package to a trusted local lender and, in just two days flat, the loan was approved. They also signed the documents allowing us to close within eight or nine days. Not all service providers are created equal; we know who’s able to provide excellent, timely service in our marketplace, and when it’s crunch time for our clients, we get those folks involved in the process so everyone can have a seamless transaction.

In summary, our market is strong and will continue to be so, but working exclusively with experts has never been more important than it is right now. As always, reach out if you have questions on the market’s course, the lending process, or anything else pertaining to real estate. I look forward to hearing from you and being of service!

Aug. 6, 2020

Virtual Tour: 304 Longview Ln, San Luis Obispo 93405

Beautiful views of Bishop's Peak and the surrounding hills from the living room and multiple decks of this stunning 5 bedroom 3 bath home. Featuring vaulted wood plank and beamed ceilings with floor to ceiling windows, 2 fireplaces, a sauna, wine cellar and newly re-cemented driveway. Newly remodeled foyer and staircases featuring Brazilian hardwood flooring. The kitchen with 2 solar light tubes to bring in natural light, opens to the family room with direct access to the back deck with lush vegetation offering privacy and the ideal location to enjoy family gatherings or quiet get-togethers. Three of the five bedrooms are situated on the main level including the spacious master bedroom and recently remodeled master bath with new flooring, tile, shower enclosure, toilet and fixtures. Enjoy fabulous sunsets from the private balcony off the master suite. All 3 bedrooms on the main level share access to the sauna and the back deck. The lower level features two additional guest rooms with a full bath in between. Just a few more steps down to the wine cellar with built in shelving and bar. The attached 2 car garage features an elevator, laundry area, high ceiling and windows adding light plus ample room for storage. Great Cal Poly rental opportunity, just a couple of blocks from campus and just a few minutes to downtown San Luis Obispo.

Click here for more details.

Aug. 4, 2020

Video Tour - 880 Climbing Tree Lane, Templeton 93465

Templeton Valley Farms is an established organic farm with a 60 member CSA, commercial accounts and a retail farm stand. Located in the heart of the Paso Robles wine country and selling to some of the finest wineries. A fully developed 5 acre farm with 200 producing fruit trees, blackberries and raspberries, 10 producing honey bee hives, 50+ laying hens, and heaps of row crops. The farm is completely deer fenced, has a 70 gpm well, new redwood barn, walk in cooler, 18' x 36 ' tractor shed and a fully established automated irrigation system. A 4,000 s/f hoop house extends the growing season for warm weather crops and the berries are under hoops as well. The owners are retiring but will be available to help run the farm for a few months to make a smooth transition. The farm has a dedicated established customer base and is a turn key operation. The farm is offered as a going concern with the real estate, business, web sites, and all of the equipment. There are 3 tractors, a side by side, quad, many implements, seeders and all the hand tools.

Click here for more details and contact us on 805-781-3750.

July 22, 2020

Virtual Tour - 1526 Mill Street, San Luis Obispo 93401

A great investment opportunity within walking distance to Cal Poly and downtown San Luis Obispo. Featuring 5 bedrooms, 3 bathrooms, a large living room and a charming bright sunroom! This 2-story property boasts a 7500 square foot lot with plenty of room to add an additional dwelling unit. Covered parking and spacious storage room off carport. Numerous of upgrades including foundation work, newer windows, roof and more. Currently leased through June at $5100/month.

Click here to find out more.