Team Sweasey's Real Estate Blog

May 29, 2020

Virtual Tour - 80 Encanto Lane, San Luis Obispo 93401

Just listed in San Luis Obispo. A beautifully updated single level 3 bedroom 2 bath attached home located in the Los Verdes Park II community. Enjoy countless hours of relaxation on the patio landscaped with privacy and beauty in mind. Vaulted ceilings and an abundance of windows provide a roomy atmosphere for the living room and dining area overlooking the lovely patio area. The kitchen has been remodeled with new counters, undercounter lighting, cabinets, appliances and reverse osmosis water purification. Click here to find out more and contact us on 805-781-3750.

May 20, 2020

SLO County Real Estate Update...Good News!

To kick off our mid-month market update, I want to briefly cover some items you may have already heard about but are relevant nonetheless: Our state colleges and universities will only be enrolling for online classes in the fall. President Armstrong released a plan detailing how he intends to handle this developing situation, because autumn for Cal Poly is still virtually four months away—we know a lot can happen in that time frame.

I encourage you to visit Cal Poly’s website for more information, but here I’ll abbreviate each possible scenario:

Scenario A): A partial or modified reopening wherein roughly 15% of classes would resume in person.

Scenario B): If the public health crisis simply doesn’t allow for a reopening, and it still seems too risky to hold in-person classes, then there will be a continuation of online classes.

Scenario C): If the situation improves such that a delayed reopening would provide a safe resolution, Cal Poly may simply push back the start of the quarter two to four weeks.

As you can see, there are a lot of possible contingency plans in place, and even though the next quarter doesn’t start until the fall, it’s important to stay up to date on this situation because what happens at Cal Poly affects our community and our county.

The second reason I’m bringing you a mid-month update is to report that I’ve seen a lot of activity in the marketplace recently. In April, people were reeling from the effects of the health crisis, whereas in May, I’m seeing an expansion into the market.

In April, we had 127 new pendings; only halfway through May, we’ve already had 109! That means we’re on track to hit 218 for the whole month, which would be 71% more pendings than the previous month.

In April, we had 145 new listings come on the market, whereas so far in May we’ve already had 109 (coincidentally the same number as new pendings). If things continue at that rate, we’ll finish May with 50% more new listings than the previous month.

Overall, people are becoming more comfortable with how we can safely and effectively operate in the real estate market amid this crisis. While danger and confusion are still present in our world at the moment, the initial paralyzing shock of COVID-19 seems to be subsiding and people are beginning to adjust as best they can. If you have questions about this or any other real estate topic, or are interested in buying or selling a property right now, reach out by phone or email. We’re always happy to hear from you and help in whatever way we can.

May 11, 2020

Virtual Tour - 1705 Garden St, San Luis Obispo 93401

An adorable 2 bedroom 1 bath home featuring hardwood floors, updated bath and a white Pickett fence lined with white roses. Most of the 1 car garage has been converted into a bonus room with a few feet remaining for storage and can easily be converted back to it's original use. The kitchen retains some of it's 1950's charm in the tile work and drawer pulls and a cheery black and white checkered floor. Convenient location just a few blocks from downtown San Luis Obispo, parks, transportation, shopping and restaurants. Great starter home or investment opportunity! Click here for more details.

May 6, 2020

What’s the Latest From Our Market?

Today I’ll discuss what’s happening in the market, what’s going on with mortgage rates, and what that all means as we move forward.

The change in our market since the onset of the pandemic has been pretty marked:

  • The number of homes for sale dropped by 15%
  • There was a 60% reduction in the number of pending sales compared to April 2019
  • Closed sales are down by 25%
  • The number of new listings on the market dropped by 50%
  • Mortgage rates are down to 50-year lows. Lots of people are looking for properties to buy; we had around eight new buyers leads in just the last week.

So what does this all mean?

This reminds me of the market we experienced during the holiday season - those who are in the market to sell their homes are very serious, and those who withdrew when the pandemic hit weren’t that serious. Current buyers are serious; given all the measures required to be able to visit a property, they’d have to be to search in this market. Overall, the number of both buyers and sellers has shrunk, which means that home prices are relatively unaffected.

So what typically happens right after the holiday season? Activity picks up. I’ve contacted agents around the country to see what they were experiencing. In Florida and Oklahoma, where they’ve been reopened for a week or so, agents said their activity picked up above previous levels. That shows that as things begin to settle down, the market will also open back up.

If you have any questions about what this means for you, don’t hesitate to reach out to us. We look forward to hearing from you soon.

April 24, 2020

Virtual Tour - 660 Monadella Street, Arroyo Grande 93420

Elegant and spacious single level 3 bedroom 4 bath 3183 sq ft home situated on 1.24 acres with nice views of the dunes. Featuring custom design features including cathedral ceilings, arched doorways, columns, lighted niches, dual Lennox furnaces, and On-Q audio system throughout. Open and inviting floor plan with formal living and dining rooms, custom kitchen with breakfast bar seating overlooking the great room with fireplace and breakfast nook. Ease of access from the interior living areas to the back patio make it an ideal venue for entertaining. The master suite is located at the opposit end of the house and features dual walk in closets, a sitting area and luxurius master bath with soaking tub and seperate shower enclosure. Off the kitchen are 2 guest rooms sharing a full bath, a spacious office/den with access to a private patio, laundry room with built in cabinets and sink plus additional powder room. Beautifully landscaped providing a park like atmosphere and featuring raised beds, fruit trees, a large patio, lovely lawn area, gas fire pit, basketball court and several sitting areas to enjoy stunnning sunsets. The 3 car attached garage means ample room for parking, storage and recreational toys. Enjoy country living yet just 1 mile to the beach and just minutes to world class wineries, fine dining and shoppping. Click here for more details.

April 24, 2020

Virtual Tour - 395 Mesa Road, Nipomo 93444

A beautiful single level 4 bedroom 3 bath home situated on just under an acre of land. Premium custom design features include, hardwood flooring in the entry and formal dining room, cathedral ceilings, skylights, arches and Milgard windows providing an abundance of natural light. Open floor plan. The 3 additional guest rooms are situated at the opposite side of the house and share access to the 2 additional baths. The 2 car garage has been converted into office space and storage and can easily be restored to its original use. The grounds have been thoughtfully designed and landscaped to provide privacy in a park like setting while maintaining a natural feel. Great location just 2 blocks from Nipomo Regional Park and minutes to beaches and world class wineries. Click here for more details.

April 8, 2020

A Market Update You Won’t Hear in the News

As I prepare to give you a market update from an emptied office that’s usually bustling and full of life, I sort of feel like an astronaut giving his last correspondence from a spaceship. Looking back on my March 1 update, I realize I never could have imagined world events would unfold like they have.

To all of our friends and clients, I hope you’re staying safe and healthy. There’s so much misinformation swirling around out there, so my intent with this market update is to provide some clarity on what’s actually going on in real estate. People still need our services, and we’re still rising to the challenge.

Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch it in its entirety or use these timestamps to browse specific points at your leisure:

1:20 - An important shoutout to our medical professionals, first responders, teachers, and all those who continue to do the work needed to keep our society moving

2:57 - Quick overview of what’s been going on in the marketplace

3:52 - Answering questions about the continuity of our industry

4:19 - What the last 10% to 15% of a real estate transaction looks like under new safety protocols

5:25 - How our team is operating as safely and efficiently as possible under the circumstances

6:15 - What’s going to happen in the market? Using the principles we know to make responsible predictions

7:06 - Wrapping things up: We’re here for you, and we’re honored to help

If you have questions about anything I discussed in this video, or if you’re interested in buying or selling a home soon but aren’t sure how to proceed in these times, reach out to us. We’re always here to help and we look forward to hearing from you. Be safe and stay healthy!

April 3, 2020

Virtual Tour and Video Tour - 14030 San Miguel Rd, Atascadero 93422

Situated on just under 5 oak studded acres within the gated community of Summit Hills. Stunning main home featuring 4 bedrooms, 2.5 baths, 3233 sq ft and a 1000 sq ft detached secondary home with separate mailing address. Premium custom design features include an impressive formal entry with sweeping staircase, marble, tile and wool berber carpet throughout, vaulted ceilings, and great views from nearly every room in the house. Truly an entertainer's delight with a natural flow from the formal living room with wood burning stove to the formal dining room into the well appointed kitchen, breakfast nook and family room overlooking the majestic oaks. Main level bedroom, currently used as an office, powder room and 3 car garage with mirrored wall and ballet bar. Upstairs are 2 additional guest rooms sharing a full bath and an amazing master suite replete with fireplace, wet bar and french door access to a private deck, ideal for watching the sunset. Enjoy great views while soaking in the jacuzzi tub in the luxurious master bath with separate shower enclosure, and an another private deck. The second home features Luxury vinyl plank flooring, kitchen with stainless appliances, laundry room, full bath, bedroom and a large deck. The grounds include walking paths, seasonal creek, patio area, spa and saltwater pool located in a telescopic pool enclosure all overlooking the scenic hills. Desirable West Atascadero location, yet just six minutes to Hwy 101, and 15 minutes to Morro Bay!

Click here for more details.

April 2, 2020

3D Virtual Tour - 525 Dana St, San Luis Obispo 93401

Great downtown San Luis Obispo location for this 2 bedroom 1 bath Craftsman Bungalow with separate studio apartment. Nicely updated while still retaining that 1920's charm. Featuring gorgeous hard wood floors, large picture window in the living room and pot belly stove. The well appointed kitchen features banquette and breakfast bar seating, solid granite counters and Wolf 6 burner range and hood. The luxurious bath showcases a jetted tub and separate shower enclosure. The studio features tile flooring in the kitchen, stainless steel appliances including full size stackable washer and dryer. The bedroom and bath area features hardwood floors, mirrored wardrobe and decorative tile. Patio are with spa is ideal for relaxing or BBQs with friends and family. Great investment opportunity, or home for family with extended family needs. Walk to downtown restaurants, shopping, entertainment and the Farmers Market on Thursday evenings.

Click here to find out more.

March 27, 2020

3D Virtual Tour - 2915 Aerie Lane, Avila Beach 93424

Gorgeous views of Avila Valley from this immaculately maintained Kingfisher Canyon home within the gated San Luis Bay Estates. Gated courtyard entrance to the main level featuring skylights, huge picture windows and hard wood floors throughout. The floor plan is ideal for entertaining with the well appointed kitchen opening to the dining area and living room with fireplace and access to the deck and front courtyard, offering multiple areas to mingle. The master suite is situated on the main level and has a luxurious master bath and plenty of windows to take in the view. The lower level features 2 guest rooms, one with access to a private office/den or could be an ideal nursery or 4th bedroom plus a family room which accesses a beautifully landscaped patio area. The garage is finished with an epoxy floor, ample room for storage, with guest parking conveniently located across the street. Plenty of opportunities to enjoy nature with hiking and biking on the nearby Bob Jones trail, and just minutes to the always lovely Avila Beach.

Click here for more details