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Are you looking for an experienced agent to help you buy or sell a home? Contact Jim the Realtor!

Jim Klinge
Cell/Text: (858) 997-3801
klingerealty@gmail.com
701 Palomar Airport Road, Suite 300
Carlsbad, CA 92011


Most recent articles

Real Estate Disruption

The idea of disrupting realtors has been around for years, but now several companies, backed with mega-millions in VC money, are making a dent.  They may not be taking a lot of the business away (yet), but they are being noticed.

It appears some of the big brokerages might be starting to feel it:

http://www.notorious-rob.com/2018/07/stages-of-decline-the-keller-williams-edition/

KW isn’t going anywhere – they have 180,000 agents.

But there is an underlying threat, real or imagined, that the entire real estate industry will be upended by technology that could change everything.

From the link above:

Zillow spent $320 million in 2017 on Technology and Development. In 2016, they spent $255 million on Technology. Over the past five years, from 2013 to 2017, Zillow spent a total of $893 million on Technology and Development with significantly more than 200 people who touch code.

The mom and pop brokerages are getting smashed by this tech steamroller.

Combine the tech advances with higher home prices and fewer sales, and we have a toxic blend for the old-fashioned veteran agents.  Many are getting out of the business, and others are left wondering what happened.

Realtors who plan to get out of the business in the next couple of years will just ride it out.  But those in for the long haul need to buck up.

If your not moving forward, your going backwards.

Nothing stays the same.

Posted by on Jul 20, 2018 in Jim's Take on the Market, Realtor, Realtors Talking Shop | 2 comments

Faster Selling in NSDCC

How fast are houses selling between La Jolla and Carlsbad this year?

Number of Days On Market Number of Houses Sold Percent of Total
0-14 days
719
47%
15-30
278
18%
31-45
153
10%
46-60
97
6%
61-75
73
5%
76-90
44
3%
91+
180
12%

We may be selling fewer homes, but they are selling faster!  Nearly two-thirds are finding a buyer in the first 30 days on the market.

How does this compare with previous years?  For the first 6.5 months:

2015: 39% sold between 0-14 days on market (675/1,711).

2016: 39% sold between 0-14 days on market (651/1,662).

2017: 45% sold between 0-14 days on market (770/1,707).

2018: 47% sold between 0-14 days on market (719/1,544).

Sellers should expect immediate action, and take advantage of it! If you don’t want to sell in the first couple of weeks, then you should wait until you get closer to your preferred exit date.

This is also why the re-freshing of listings is so widespread – buyers want the new meat. Check the history of every new listing!

Posted by on Jul 19, 2018 in Jim's Take on the Market, Listing Agent Practices, Market Buzz, North County Coastal | 0 comments

Brady House

The Brady Bunch house, a Traditional-style residence near the Colfax Meadows neighborhood, was used for outdoor representations of the beloved television family’s abode. That included the show’s opening and closing scenes as well as numerous interludes to denote the time of day. Interior scenes for “The Brady Bunch” were filmed in studio.

Violet and George McCallister bought the two-bedroom, three-bathroom house in 1973 for $61,000, records show. The series ran from September 1969 to March 1974 before moving into reruns in syndication.

The desirability of the property is enhanced by its size, a 12,500-square-foot lot that abuts the L.A. River. It sits in an area that has been ripe for tear-downs and new development in recent years. But the owners will give first consideration to bidders who want to keep the home intact, Carswell said.

“We’re not going to accept the first big offer from a developer who wants to tear it down,” he said. “We’re going to wait a few days, in case there are others who want to purchase it as an investment to preserve it.”

Carswell expects to see overwhelming interest in the property. “We’re preparing for an avalanche,” he said. “Emails, telephone calls — we may see upwards of 500 calls a day.”

Link to Article

Posted by on Jul 19, 2018 in Historic Homes, Jim's Take on the Market | 0 comments

The Adolescents

Founding member and bassist of the Fullerton punk rock band The Adolescents Steve Soto passed away in his sleep on June 27th. While no official cause of death has been confirmed, friends, family, fans and members of numerous Orange County bands took to social media to express their grief over the loss of the 54-year-old who was widely known as the nice guy of punk rock.

The Adolescents’ official Twitter account simply posted: “With a heavy heart I share the passing of Steve Soto, my friend and bandmate since 1979. I don’t know what to do or to say. Goodbye my brother.”

Link to Article

Posted by on Jul 18, 2018 in Wednesday Rock Blogging | 0 comments

NSDCC 2Q Sales

Let’s examine by zip code where the market might be slowing recently. These are the detached-home sales for the second quarter, plus the current number of pendings in each area:

Area
Zip Code
Sales 2Q16
Sales 2Q17
Sales 2Q18
Pendings Today
Cardiff
92007
25
30
11
9
Carlsbad NW
92008
49
67
67
20
Carlsbad SE
92009
161
181
148
64
Carlsbad NE
92010
49
51
47
26
Carlsbad SW
92011
80
91
60
26
Del Mar
92014
55
45
47
8
Encinitas
92024
144
141
110
51
La Jolla
92037
113
105
104
42
RSF
92067
76
79
55
43
Solana Bch
92075
19
33
21
10
Carmel Vly
92130
173
153
166
55
All Above
All
944
976
836
354

If the numbers for 2Q18 are remarkably under the first two columns, and the number of pendings are so low that the 3Q18 doesn’t look promising either, then you can figure that the market is soft, and getting softer in that zip code (Cardiff, Carlsbad SW, & Encinitas).

Posted by on Jul 18, 2018 in Jim's Take on the Market, North County Coastal, NSDCC Pendings, Sales and Price Check | 0 comments