Ken-Tal NEWS Local Lifestyle NEWS - JAN 2022 - brought to you by realtor Megan Beauvais

PRSRT STD U.S. POSTAGE PAID SAN DIEGO, CA PERMIT NO. 3175

LOCAL POSTAL CUSTOMER *******ECRWSSEDDM****

www.localumbrellanews.com January 2022 | VOLUME 7 | ISSUE 1

Megan’s Message

Congrats Winners!

Is 2022 THE YEAR to take ACTION?

Happy New Year! We’ve all been watching the real estate market surge with activity over the past several years, particularly since early Spring of 2020. Both buyers and sellers have been affected both negatively and positively. As a seller, values have gone up signiÞcantly, but Þnding a replacement home has been a serious challenge. As a buyer, prices have gone up, but WOW, those interest rates sure have helped ease the burden. The question I keep hearing is whether it might be a good idea to wait until the market cools off to make a move.

Economists are projecting a steady increase in values from here on out over the next couple of years. This is not to say that we are expecting 20% increase in values year over year any longer, but rather a steady, normal market adjustment such as between 3-5%. As a seller, I would take note of this and if you have been thinking about selling in the near future, now would probably be the best time to maximize on current market conditions. While you may still beneÞt from a solid and somewhat similar value in the next year or so, if prices continue to rise, the number of buyers readily available and ABLE to buy today may decrease. What has been driving this market is incredibly low interest rates and even less inventory. Traditionally in the springtime, we see more homes come to market, which will, in effect, create more competition. Currently, there is very little competition for sellers, which could serve to beneÞt a seller.

2021 Talmadge Food Drive Results & Prize Winner!

Congratulations to Marsha Cohen, a Talmadge resident, for winning the drawing for the Kensington-Talmadge Centennial Edition Book.

Thanks to Marsha and everyone else that donated, the Copley-Price Family YMCA was able to bag up and feed 35 families! Great work Ken-Tal Neighbors!

This annual event is organized and executed by Megan Beauvais, Realtor¨, MeganB.com

7th Annual Holiday Lights Bike Ride Best Decorated Homes!

What an amazing turnout at our Kensington Holiday Lights Bike Ride! First-ever SOLD OUT event, with over 300 riders! Thank you to everyone who decorated their beautiful homes, they all looked amazing. Congratulations to the winners of the Holiday Lights Home Decorating Contest! It was hard to narrow it down to just 3. Great job, Kensington!!

This annual event is organized by the Kensington Talmadge Business Association, KenTalBiz.org

As a buyer, the extremely low interest rates have created more affordability. Those rates are starting to rise and are expected to continue to adjust in an upward motion over the next year. If there has ever been a time to get into a property, whether your move up property or your Þrst home, this is it. I have personally been buying and selling real estate for over 20 years and have never seen rates as low as they have been with 30-year Þxed terms. That said, donÕt expect to buy now and sell for 20-30% more in 2 years because we just donÕt know where the market will be at that point. Rather, plan to buy now and remain in the property for at least 5-7 years to give you a realistic opportunity to grow your equity at a normal rate and to adjust with these inßationary conditions.

4857 Canterbury Dr. 4250 Middlesex Dr.

Bottom line…if you have been considering buying and/or selling in the near future, donÕt delay. There are some strategies to protect you during the process that I can share with you. Give me a call at 619-944-2798 to set up a no-pressure consultation with honest feedback and suggestions. I look forward to helping you achieve your goals and build your wealth in real estate in 2022!

4150 Bedford Dr.

Have Questions About Real Estate? Contact Megan!

Megan Beauvais

DRE# 01426805

REALTOR¨, GRI

Megan@MeganB.com

619.944.2798

www.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 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.