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January 2022 | VOLUME 7 | ISSUE 1
LO C A L L I F E ST Y L E P U B L I C AT I O N
Megan’s Message
VOLUME 5
I
ISSUE 5
Congrats Winners!
Is 2022 THE YEAR to take ACTION? What the heck is happening in San Diego real estate?! Happy New Year! We’ve all been watching the real estate market surge withAre activity over the past several years, particularly since early Spring of homes even selling? Can I even get a loan right now? 2020. Both buyers and sellers have been affected both negatively and These some of the get onaa daily basis in positively. As aare seller, values have gone questions up signiÞcantly, I but Þnding replacement home has serious challenge. As a buyer, have the midst of been ouraCOVID19 shelter in prices place period.
2021 Talmadge Food Drive Results & Prize Winner!
Meet your neighbor Congratulations to Marsha Cohen, a Talmadge resident, for winning the Wendy Reynolds
drawing for the Kensington-Talmadge Centennial Edition Book. Our spotlight this month is on gone up, but WOW, those interest rates sure have helped ease the Wendy ThanksReynolds to Marsha of andTalmadge. everyone else burden. The question I keep hearing is whether it might be a good idea to that donated, the Copley-Price and benefit thanks to their service!), and if A San Diego native, ReynoldsFamily I am here to tell you that indeed, homes wait until the market cools off to make a move. YMCA was able to bag up and feed 35 you are borrowing $701,500 or less, which grew up in Clairemont, went to are selling and people are getting loans. families! Great work Ken-Tal Neighbors! puts you in the conventional financing Mission Bay High School and It’s still a bit early to see any price This annual event is organized and category, many lenders will still allow you attended San Diego State for adjustment trends as we tend to measure executed by Megan Beauvais, Economists are projecting a steady increase in values from here on out to put as little as 5% down. All loans and college, “GO AZTECS!” Along that trend over a 3–6 month time frame Realtor¨, MeganB.com overand the we nextjust couple of have years. that This is not to say that we are allexpecting lenders are not created equal, nor are the way Reynolds moved to don’t hindsight 20% increase in values year over year any longer, but rather a steady, their financing programs. Contact me for San Francisco and after 20 as of yet. But I can tell you that I am still normal market adjustment such as between 3-5%. As a seller, I would take a referral to a trustworthy lender that can years in the Bay Area, she consistently seeing multiple offers on note of this and if you have been thinking about selling in the near future, provide you need to Lights Bike decided she needed a change in San in theon current 7th Annual Holiday Ride Best Decorated Homes! nowproperties would probably beDiego, the bestparticularly time to maximize marketyou the information get started in your research. and made the move back to her $1.2 million range and below with both conditions. While you may still beneÞt from a solid and somewhat similar What an amazing turnout at our Kensington Holiday Lights Bike Ride! value the next year or so, if prices hometown of Sanyou Diego. After who myinbuyer and seller clients. Ofcontinue course,to rise, the number of First-ever SOLD OUT event, with over 300 riders! Thank to everyone buyers available and ABLE toand buy overall today may decrease. What haslike to explore decoratedbuying their beautiful all looked amazing. to If you would and/ homes, they going to area openCongratulations houses, thisreadily depends on the location the winners of the Holiday Lights Home Decorating Contest! It was hard to been driving this market is incredibly low interest rates and even less or selling in this ever changing market, she came across Talmadge. presentation, but with an already very narrow it down to just 3. Great job, Kensington!! inventory. Traditionally in the springtime, we see more homes come to give me a call at 619.944.2798 or email According to Reynolds, “I loved limited set of housing inventory for buyers market, which will, in effect, create more competition. Currently, there is me at Megan@MeganB.com. I’d be happy the neighborhood vibe to choose from, which it’s even tighter This annual event is organized by thefriendly Kensington Talmadge Business veryout littlethere competition for sellers, could serve to beneÞt a seller. KenTalBiz.org to discuss with you what sets my service Association, and all the planned activities. now. Those that can still qualify for a apart from the rest! I haven’t seen a neighborhood loan are able to take advantage of the quite like Talmadge.” still low rates and achieve their dream of As ahomeownership, buyer, the extremely low interest rates have created more moving up, or downsizing. affordability. Those rates are starting to rise and are expected to In May of 2019, Reynolds made continue to adjust in an upward motion over the next year. If there has Talmadge her home. A graphic little thesewhether days your move up property everLoans been acan timebe toaget intotricky a property, designer for 25 years, she has for a primary residence and trickier still or your Þrst home, this is it. I have personally been buying and selling real owned her own design business, for for anover investment For a seen primary estate 20 yearsproperty. and have never rates as low as they have been with 30-year Þxed terms. That said, Olive Design for 20 years and is residence loan, with many (but notdonÕt all) expect to buy now and sell lenders, for 20-30% more in 2 years because we just donÕt know where the currently freelancing. Ultimately, you should count on having at market will20% be at that ifpoint. plan toto buy now and remain in the she is looking forMiddlesex a permanent least down you Rather, are needing 4857 Canterbury Dr. 4250 Dr. property for at least 5-7 years to give you a realistic opportunity to grow employee position (hint, hint). borrow $701,501 or higher as this puts you your equity at a normal rate and to adjust with these inßationary You can find her online portfolio in the “jumbo loan” category. Most lenders conditions. at wendyreynolds.myportfolio. are still processing VA loans up to $1 million com. In her free time, Reynolds $0 down (always an incredible opportunity loves hiking, mountain biking, Bottom line…if you have been considering buying and/or selling in the print making, art shows and near future, donÕt delay. There are some strategies to protect you during happy hour. Her passions the process that I can share with you. Give me a call at 619-944-2798 to include travel, photography set up a no-pressure consultation with honest feedback and suggestions. and she loves her adorable dog, I look forward to helping you achieve your goals and build your wealth in real estate in 2022! Diego. If you see them out in 4150 Bedford Dr. the neighborhood, be sure to Have questions about real estate? Contact Megan! say hello! Happy to have you here, Wendy! Megan Beauvais REALTOR® 619.944.2798
Have Questions About Real Estate? Megan Beauvais REALTOR¨, GRI Contact Megan! 619.944.2798
megan@meganb.com DRE 01426805
DRE# 01426805 Megan@MeganB.com Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01527365. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. www.MeganB.com Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01527365. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been veriÞed. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. This information is provided for informational purposes only and is not a solicitation, recommendation, offer or promise to provide services. Compass is not offering legal, Þnancial or other professional advice. Compass reserves the right to refuse, reject, or cancel the program for any reason at any time without liability. Compass offers no guarantee or warranty of results. Subject to additional terms and conditions. Home must qualify under Compass Concierge guidelines. Subject to additional terms and conditions.