Hello! Thanks for tuning in to this month’s newsletter. Our goal is to bring you valuable real estate content and local updates, so we hope you enjoy it.
We would also love to hear from you! Let us know what type of content you’d like to see more of in next month’s newsletter!
In this e-newsletter, we will share more about the state of the current real estate market, summer events in SLO county, the newest episode of The Happy House Hacking Podcast, and invite you to our next investor mixer!
The Schwaegerle Team strives to educate and empower all people on the ins and outs of real estate, so thank you for tuning in and following the team on social media!
The Market As We See It
People keep asking us about the market, and here’s the way we see it right now. Since the beginning of May, our team has closed 15 transactions, and 13 of them were buyers purchasing new homes. Today’s interest rates are not deterring as many buyers as we all would expect.
Some listings are lingering a little bit longer than expected because sellers are detached from the pain a lot of buyers are facing with the high rates. Yet, other listings are flying off the shelf with multiple offers and selling for $100K+ over the asking price. It all comes down to price point and product.
Sellers who have a nice product and price their properties well are still creating bidding wars. We’ve been in a few lately and have been able to help our client’s offers get accepted due to some of the strategies and techniques we use to help our client’s win. Overall, you have to move quickly because a lot of these homes are selling fast.
For sellers, this is still a great time to sell and make your move. Getting the ideal offer with terms that are acceptable to you can make your move less stressful. As a buyer, it is so important to make sure you have a preapproval letter ready to go. For a more in depth analysis on the market, let us know what market segment you are interested in and we can do a complete market overview with you.
Join Our Team!
Have a friend or colleague looking to take their real estate career to new heights? We’re expanding our top-producing team by onboarding driven individuals ready to thrive in a supportive environment. If you know someone hungry for success in real estate, encourage them to reach out to us today!
Local Events
San Luis Obispo’s First Annual Art in The Park
Date: 8/3/24- 8/4/24
Time: 9:00 AM – 4:00 PM
Santa Rosa Park
1050 Oak St, San Luis Obispo, CA 93405
We are thrilled to share the exciting news about San Luis Obispo’s very first large outdoor art show, “Art in the Park,” happening on August 3-4, 2024, at Santa Rosa Park. This highly anticipated event will feature the stunning works of 140 fine artists and craft designers from four western states.
Event Highlights:
- Explore a diverse range of fine arts and crafts, including paintings, sculptures, handmade jewelry, and ceramics.
- Enjoy a unique outdoor setting that celebrates creativity and artistic expression.
- Free admission and ample parking make it accessible to everyone—perfect for families, friends, and art enthusiasts.
“Art in the Park” promises to be a memorable and enjoyable experience for all who attend. This debut event is set to become a new tradition in San Luis Obispo, bringing the community together to celebrate art and creativity.
Click here for more San Luis Obispo County events!
The Happy House Hacking Podcast: Don’t Wait for the Perfect Home
Don’t Wait for the Perfect Home
Are you tired of waiting for the perfect home to come along? Looking to achieve homeownership as a first-time buyer in California? Then this episode of The Happy House Hacking Podcast is for you! We sit down with Brandon Schmiedeberg, a good friend and client, who shares his journey from renting to owning not one, but two homes in just four years. He tackles the challenges of navigating the competitive California housing market and shares his wisdom on how to make living in California work for young people. From starting small and putting in sweat equity to finding the right real estate team, Brandon’s story is full of valuable insights and practical tips for anyone looking to become a homeowner in California. Don’t let market fluctuations or interest rates hold you back from achieving your dream of homeownership.
Brandon owns and operates Schmiedeberg Designs and is offering $100 off your landscape design for anybody that mentions The Happy House Hacking Podcast at their initial consultation.
Do you want to learn more about real estate investing?
You are invited to the next SLO Real Estate Investor Meetup! We meet the second Tuesday of every month at 6 PM. This event is perfect for both beginner and intermediate investors looking to expand their knowledge and network with local experts. Don’t miss out on this opportunity to learn, connect, and grow—bring a friend and let’s build our community together!
Dream Makers: Making a Difference in Our Community
Dream Makers is now offering a special service where adults fighting terminal illness can receive a lasting letter written by one of their trained and empathetic, best-selling authors. This heartfelt addition aims to provide comfort and cherished memories for both the individuals and their loved ones. The Schwaegerle Team is proud to support Dream Makers in expanding their services and outreach, bringing hope and joy to our community.
Coming Soon
Mesa Verde 4 bed/ 4 bath home in Santa Maria – $1,000,000
3 bed/ 2 bath on 15 acres in Atascadero – $750,000
Current Active Listings
1981 Green St, Cambria – Multifamily Zoned 1.25 acre Lot Senior Affordable Apartment project
290 Daffodil Ave, Nipomo – 5 bed/3 bath HUGE home in Nipomo
3860 S Higuera St #B4, San Luis Obispo – 2 Bed/ 1 Bath Affordable living in SLO
Current Pending Listings
5255 Escarpa Ave, Atascadero – 4 bed/4 bath Atascadero Estate
570 River Oaks Dr, Paso Robles – 4 bed/2 bath wonderful Paso Robles Community
1432 Tanglewood Dr, San Luis Obispo – 3 bed/2 bath near San Luis High School
420 Campana Place, Arroyo Grande – 4 Bed/3 Bath beautiful Tudor-style home
Just Sold
1959 Devaul Ranch, SLO – $800,500
1027-1033 George St, SLO – $1,360,000
2320 Adams St, Cambria – $665,000
717 Marquita Ave. Templeton – $950,000
1680 Main St #32, Morro Bay – $163,000
3935 Kilbern Way, San Luis Obispo – $1,225,000
9171 Tiburon Circle, Atascadero – $475,000
531 Lemoore Ave, Pismo – $1,000,000
3500 Bullock Ln #53, SLO – $270,000
Let’s Be Social
Thanks so much for reading our newsletter this month! We want to hear from you! Please let us know how we can support you on your real estate journey. Whether you just purchased a new home, want to explore home-buying options, are curious about what your property might be worth, or just want to know more about the market, please reach out!
@theschwaegerleteam
@your.realtor.slo
@kylereis70
You can also follow us on YouTube and Facebook for more updates throughout the month.
The Schwaegerle Team donates 2.5% of all transactions to Dream Makers. Thank you for helping make dreams come true for terminally-ill adults in SLO County!