Team Sweasey's Real Estate Blog

Nov. 17, 2017

9018 San Gabriel Rd Atascadero 93422

A beautifully remodeled 3 bedroom, 2 1/2 bath home located in the desirable west side of Atascadero's south end, providing easy access to San Luis Obispo. Impressive vaulted wood beamed ceilings in the living room, family room and loft. Beautiful engineered hardwood and custom tile flooring through out, dual pane windows, new plantation shutters, wood blinds and solar panels. The fireplace with brick hearth is the focal point of the living room and is surrounded by windows bringing in the natural light.

Upstairs is a spacious loft ideal for a game room or additional bedroom.

The newly remodeled chef's kitchen featuring Alder cabinets and quartz counters,opens to the family room with French door access to the gorgeous grounds. Plenty of additional outdoor living space including a picnic area under the gazebo, sauna and an in-ground pool and spa with security gate. Large detached Shop and Barn with ample room for parking cars, toys and equipment behind the gated driveway. Country living at it's finest, yet just minutes to downtown San Luis Obispo.

Please click here to find out more.

Oct. 27, 2017

How Is the New Construction Trend Impacting Our Market?

Something is happening in our market. In the past year or so, we’ve had a number of new homes in the Serra Meadows Development come onto the market.

These homes are very nice, and have been taking up virtually half of all home sales each month.

A similar trend recently occurred with a condominium development called Avivo. It was difficult for those selling condos to stand up against these Avivo condos.

But let’s get back to today. Right now, we’ve got the largest increase of new home construction I’ve ever seen in my 26 years of business.

Toscano and Righetti Ranch both have a massive number of homes already for sale or coming soon to the market. There are many other developments as well. Avila Ranch has 720 new homes planned and San Luis Ranch has 580 new homes planned.

Between all of these developments, there are 1,920 potential new homes coming on the market in the next couple of years.

So, what does this mean? Last year we saw 600 homes close. This year we’ve had about 424. This means that those 1,920 potential new homes would amount to about three years’ worth of inventory.

So, if you’re considering a real estate transaction in the next six, 12, or even 18 months, you may want to let us help. We can answer any questions and help guide you through the process.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

Sept. 25, 2017

5840 Los Osos Valley Rd Unit #A, San Luis Obispo, 93405

Beautifully renovated 1916 Craftsman style home with exquisite attention to detail evidenced in every room.

The original chandelier hangs in the dining room, as a tribute to the past, surrounded by the present. Brazilian Cherrywood floors, custom hand crafted front door and moldings throughout, custom marble and granite tile work in the bathrooms, bay windows and built in cabinetry are just a few of the wonderful customized amenities. Well-appointed kitchen features large center island with bar seating, built in breakfast nook and French door access to the expansive wrap around porch, adding additional outdoor living space.

The main level features the kitchen, dining room, living room, guest room, powder room and spacious master suite featuring sitting area and private deck. Luxurious master bath features a walk in shower with multiple shower heads and jetted tub overlooking the garden. The lower level features a family room, office and additional guest room and bath. The original barn has been updated and customized with 2 garages, guest suite, expansive work shop, horse stall and 2 paddocks. The 3 bedroom, 2 bath manufactured home is privately situated near the seasonal creek.

The well-manicured grounds include over 40 fruit trees, berries, lush landscaping, several storage sheds and a horse pasture, all nestled behind the custom wrought iron private gate.

Click here to find out more

Click here for a full size virtual reality tour

Click here for a full size virtual reality tour of the guest barn

Sept. 18, 2017

177 Naomi Avenue, Pismo Beach, CA 93449

Stunning ocean views from this 4 bedroom 3 bath home located in Shell Beach, the gem of San Luis Obispo County. Wonderful opportunity to own a piece of paradise. With 2285 sq ft on a 7430 sq ft lot, and unobstructed gorgeous ocean views. Sunken living room with brick fireplace, indoor atrium, formal dining room, spacious kitchen and enclosed patio area plus 2 car attached garage with plenty of storage. Large deck off the family room to relax and enjoy the fabulous sunsets.

Please click the link to find out more -

Sept. 14, 2017

198 El Portal Drive, Pismo Beach, CA 93449

Enjoy panoramic ocean views from just about every room of this 3 bedroom 3 bath custom home located in Shell Beach, one of San Luis Obispo County's best locations. The elegant living room features wood plank vaulted ceiling, hardwood floors, gas fireplace, stunning ocean views and direct access to the front view deck. The spacious kitchen allows for enough room for an eating area overlooking the front entry deck with more great ocean views. Formal dining room and kitchen both with hardwood flooring share access to the private back deck along with one of the guest rooms. The master bedroom showcases floor to ceiling windows to bring in the natural light and to enhance the ocean views. The roomy third bedroom is located in the loft area with vaulted wood plank ceilings and attached bath. Additional deck located in the front yard ideal for enjoying the fabulous sunsets with your favorite beverage. Close to hiking, biking, world class wineries and just minutes to down town San Luis Obispo.

Please click the link to find out more -

Sept. 11, 2017

850 Bassi Drive, San Luis Obispo, 93405

A beautiful custom home located in Bassi Ranch situated on a secluded 2.33 acre lot with lush landscaping, amazing views, and gorgeous scenery from virtually every room. Well thought out floor plan features single level living feel with the main living area including the master suite, located on the entry level. The kitchen features top of the line appliances, a large butcher block center island, pantry and opens to the dining area with large picture window and access to the deck. Sunken formal living room featuring fireplace, separate family room both featuring fabulous views. The luxurious master suite features a gas fireplace, relaxing master bath with jetted tub overlooking the hills. Downstairs is a guest suite featuring a spacious living area, bedroom and bath ideal for a granny unit, plus two additional bedrooms, a bath, laundry and wine closet. Additional laundry room upstairs as well. The outdoor space is perfect for entertaining with built in BBQ , multiple seating areas, spa, and breathtaking views of the valley and hillsides. Enjoy the peaceful tranquility this home has to offer and the close proximity to hiking, biking, beaches and world class wineries.

Please click here to find out more -

Sept. 6, 2017

340 Indian Knob Rd, San Luis Obispo, CA 93401

A unique custom home with great views situated on 3.12 oak studded acres just above Squire Canyon, one of San Luis Obispo County's most desirable areas. Located just minutes from beaches, world class wineries, downtown San Luis Obispo and Bellevue-Santa Fe Charter Elementary. Featuring 2 suites each with sitting areas, separate bedrooms and attached baths separated by the shared living room with fireplace featuring rock hearth, dining area and kitchen. The master suite features an additional rock hearth just waiting for that pot belly stove. The master bath features a jetted tub with rock surround and access to the courtyard. The guest suite also features a sitting area, separate bedroom, full bath and access to the front courtyard. The unique design consists of 4 connected modules; the master suite, guest suite, living areas and garage, all surrounding the private courtyard area, great for gatherings or just enjoying the wonderful central coast weather. Separate spacious workshop/storage unit ideal for those extra toys or vehicles. Wonderful opportunity to enjoy the peaceful retreat-like atmosphere this home has to offer.

Please click here for more details.

Sept. 6, 2017

62 La Gaviota, Pismo Beach, CA 93449

Enjoy fabulous views of the Mesa and coastline from the upper deck of this fabulous 3 bedroom 2.5 bath home located in one of Pismo Beach's most desirable neighborhoods.

Just a few steps from the entry lies the formal living room featuring a fireplace built in entertainment center and direct access to the front view deck. The main level features the bedrooms, baths, the gourmet kitchen, formal dining room and family room featuring an additional fireplace and direct access to the stunning back yard.

The extensive landscaping in the front and back yards include waterfalls emptying into a pond, deck with spa, steps to upper view deck, low maintenance, drought resistant plants plus a fountain in the front. Relax at the end of a long day in the spa with the glow from the fire pit and the sounds of the waterfall, ending the night on the upper deck with a beverage and great views of the city lights.

Please click here for more details.

Posted in Pismo Beach, Video Tour
Aug. 25, 2017

What Causes a Real Estate Bubble?

What Causes a Real Estate Bubble?

Many people are asking if we’re currently in a bubble. The short answer is no, but let’s take a closer look at what could change that, and what happened last time we were in one.

With the market headed in its current direction, I’ve been getting asked a lot recently whether we’re in a real estate bubble.

This is a valid question that's on a lot of people’s minds.

However, what I’d like to discuss first is what caused our last real estate bubble about a decade ago. Understanding those factors will help us see what might lead to another one. Today, I’ll be going over three of these factors.

1. Loose lending standards and poor lending products. In 2006 when the government made an initiative to lower lending standards, which disregarded things like bad credit, the loan products were also poor. Therefore, low lending standards increased the number of people on the market who were buying homes without the means to do so. It also increased the number of speculators, since you could buy a house for little money and then flip it for a profit.

2. Supply of homes. Looking back to 2006 in our San Luis Obispo area, we had 219 active listings. Recently, we haven’t even come close to that number. In fact, this July we had only around 90.
3. Glut of homes. Especially in conjunction with loose lending standards and poor loan products, this amount of supply became an issue. Too many people were buying homes just to flip.

Right now, we aren’t likely to find ourselves in a bubble. However, a few things could change that. If interest rates were to jump up, prices would likely be impacted negatively. Also, if more homes suddenly came on the market, this could affect home prices as well.

We must also think about big economic factors outside of real estate. If something can affect the general economy, it can affect real estate as well.

If you have any other questions or would like more information, feel free to give me a call or send me an email.

Aug. 22, 2017

Help Us Find 6 North Country Bigs in 30 Days!

Big Brothers Big Sisters of San Luis Obispo County

BIG NEWS! We are 90% to our goal of making 60 new North County matches in 2017. Have you thought about becoming a Big Brother? Apply today and get the ball rolling. Visit or call (805) 239-3534 and let's get those boys off the waitlist.