March 2024 Real Estate News

{original post 3/20/2024}

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!

In this e-newsletter, we are so happy to introduce our fantastic new assistant, provide the latest market data for our county, feature upcoming local events this spring, and introduce the newest addition to our family. We are always here to offer encouragement and support in your real estate journey.

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

Meet Haley: The Team’s New Executive Administrative Assistant



We are so thrilled to introduce Haley, our newest addition to The Schwaegerle Team! After a decade in the dental field, Haley is eager to start her journey in real estate with us, bringing her passion for growth to her new role. Haley is kind, driven, and very communicative. She is client-focused and works hard to make your real estate journey as smooth as possible. Haley has called San Luis Obispo home for the past seven years—a place she adores and now calls her forever home. When not exploring her new passion for real estate, she can be found playing pickleball, backpacking with her partner Bryce, or spending quality time with her friends and family. Please join us in welcoming Haley to our team!

Housing News for SLO County

What is with this market? Is it going up, down, or sideways? Are prices crashing and people losing their homes? Not exactly. Prices have plateaued and are hovering around a median sales price of $850,000 for SLO County. This is higher than the median price of a home in California. 

Does this mean I should wait to buy a house until rates come down or the market crashes? No! Please don’t wait. The cost of owning a home is only going to go up. If you are renting right now, it’s time to seriously consider how the cost of renting at an “affordable” rate is actually more costly to you in the long run. The cost of homeownership is only going to rise, as we’ve all seen firsthand in just the last five years. Even Barbara Corcoran is saying that now is the best time to buy, and all buyers must find a way to scrape together enough cash, budget, save, and get into a home as soon as you can!



Take a look at the snapshot of the inventory below. From 2012 to 2020 SLO County consistently had about 1,000-1,500 residential listings on the market at any given time. Since the pandemic, record low mortgage rates, and population growth in our county (due to people relocating out of major metros in California), we have seen inventory stay low.

As of the end of February, we had only 472 active listings available. This further adds to the case that the cost of ownership is only going to increase. We simply do not have enough supply of homes available to bring down prices in a meaningful way. Rather than wait to buy real estate, buy real estate and wait! You will see massive equity growth the longer you are in the market. For example, the average net worth of a homeowner in America right now is about $300,000! 



What does all this mean for you? We believe in real estate ownership as the ultimate wealth building tool. If you haven’t gotten into the market yet, what is holding you back? We are meeting with buyers every single week, and several of them have never purchased before. We can meet with you and help you make a plan too! 

If you already own a property, we are so stoked for you. Maybe it is time to start considering a second home. Maybe an investment property. Maybe upsize into your dream home! Whatever the case may be, if you are thinking about making a move soon, schedule a consultation with us today through Calendly.

Local EventsSpring Fling
March 23 @ 11:00 am - 1:00 pm at Meadow Park'

FREE, BE SURE TO BRING MONEY FOR FOOD TRUCKSJoin SLO Parks & Recreation and Mr. Bunny for an EGGciting adventure at Meadow Park this spring. Kick off the day at 11 am with an Egg Hunt for ages 0 to 8 (bring your own basket). After the hunt, stay and enjoy lunch! Included in the event are special appearances by the Bunny and Roman the Romaine, live music, and food trucks on site with lunch for sale. Bring a basket and enjoy the fun! The SLO Food Bank will be in attendance and optional donations may be made to them directly.
 

San Luis Obispo Wedding and Event Expo
April 21, 2024 | 12-4 PM
Madonna Expo Center 
Address: 120 Madonna Rd, San Luis Obispo, CA 93405

Welcome to the San Luis Obispo Wedding and Event Expo, your one-stop destination for all things wedding and event planning. Whether you’re engaged and planning your dream wedding or organizing a special event, this expo is the ultimate source of inspiration, expertise, and the latest trends.

The Happy House Hacking Podcast: Goal Setting for 2024

We are still in the first quarter of 2024. If you haven’t made a goal to make a move and buy real estate this year, you still have time! Check out this episode of The Happy House Hacking Podcast where we go over how to create a vision for your life, set goals, and work to achieve them. This podcast is designed to help people navigate the path to homeownership and investing through the house hacking strategy. What is the house hacking strategy? Imagine if you could live for free. What if your house paid you to live there? Well, it’s totally possible. We’ve done it, and we know you can too. Tune into this podcast to learn how you can start house hacking your way to financial freedom today!

Dream Makers: Making a Difference in Our Community

Did you know that The Schwaegerle Team donates 2.5% of every transaction to Dream Makers? Dream Makers is a local nonprofit that helps make dreams come true for terminally ill adults in our community. 

This past month, our team was able to donate enough funds to help a terminally ill woman achieve her lifelong dream of going to New York City with her husband to see a Broadway show. This woman has been given only a few months to live by her doctor, and she is about to experience this wonderful bucket list moment thanks to the support of our clients and supporters, like you, who have chosen to work with us over the years.

We want to express gratitude from the bottom of our hearts for continuing to choose us as your Realtors for life. If there are any questions you have about Dream Makers, or if you would like to get involved with this incredible organization, please reach out to us!

Welcome to the World, Baby Girl! We are over the moon to announce the birth of our darling girl, Liesl. She is the first girl born in the Schwaegerle family line in over 100 years! Named after the firstborn daughter in The Sound of Music, Liesl means “God’s promise” and is a German name to honor her German heritage. We are so thankful for all your love and support as we transition to life as a family of four!

 

Coming Soon
3 bed/2 bath fixer upper in Los Osos - $599,000
3 bed/2 bath manufactured home in SLO - $320,000
3 bed/2.5 bath home in Cambria - $850,000
4 bed/2.5 bath home in Oak Shores, Lake Nacimiento - $599,000
Vacant Land in Jardine - $125,000

Current Active Listings
1981 Green St, Cambria - Multifamily Zoned 1.25 acre Lot Senior Affordable Apartment project
1680 Main St #32, Morro Bay - 2020 new, small trailer in 55+ community
1638 7th St, Los Osos - 3 bed/2 bath home in Los Osos with beautiful yard
5255 Escarpa Ave, Atascadero - 4bed/4bath - Back on market with short sale approval! 

Current Pending Listings
3211 Fennel Lane, San Luis Obispo - 3 bed/3.5 bath townhome in the Avivo Community
3860 S. Higuera #125, San Luis Obispo - 3 bed/2 bath mobile home, pending in 7 days!
13190 Cambria Rd, Santa Margarita - 2 bed/2 bath manufactured home on 2.55 acres
3355 Greenacre Dr. Santa Maria - 3 bed 2 bath manufactured home on OWNED land 

Just Sold

957 Calle De La Rosa - 3 bed/2.5 bath in Rice Ranch, Santa Maria
2114 Fallen Leaf - 5 bed/4 bath, 4,102 SF, beautiful Santa Maria home
1208 Pismo Street -  4 bed/3 bath downtown SLO victorian home 
4358 Franklin Rd, Orcutt - 4 bed/2 bath with big yard
1471 La Loma, Nipomo - 4 bed/2.5 bath on a 1 acre lot 

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!