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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


Category Archive: ‘Carlsbad’

Premium for One-Story Houses

It’s easy for me to pop off about how hot the one-story market is when I already had this video in the can.  Here are a few examples of how much over list price people have paid – I’m not making fun of them, just pointing out the struggle if you are a buyer in this specific coastal one-story SFR market.

In 2018, the one-story Carlsbad houses have been selling for an average of $446/sf, and the others are averaging $381/sf – which is a 17% difference!

Posted by on Aug 16, 2018 in Bubbleinfo TV, Carlsbad, Jim's Take on the Market | 2 comments

The Future of Palomar Airport

The City of Carlsbad will hold a public meeting to discuss how city officials and the community can work together to influence the future of McClellan-Palomar Airport, which is owned and operated by the County of San Diego and largely under the jurisdiction of the Federal Aviation Administration.

McLellan-Palomar Airport Meeting
Tuesday, June 19
6 to 9 p.m.
City of Carlsbad
Faraday Administration Center
1635 Faraday Ave.

After receiving input during the county’s recent public review process for its draft airport master plan, the City Council directed staff at its April 10 meeting to:

  • Enter into discussions with the County of San Diego over future airport operations and facilities.
  • Initiate a stakeholder dialogue to identify and understand community concerns and priorities about airport operations and facilities.
  • Develop and implement an action plan to guide the city’s approach related to the airport in the future.

The master plan is a blueprint for future development of the airport, which includes adding safety features at the west end of the runway, extending the runway to the east of the property and reconfiguring the tarmac and taxiway areas for better operational efficiency.

More on City Website

Posted by on Jun 11, 2018 in Carlsbad, Jim's Take on the Market | 1 comment

Ocean-View Condo

My new listing is west of the I-5 freeway at 801 Kalpati, unit F, in Carlsbad.

Top-floor single level penthouse with soaring ceilings and panoramic ocean views from the family room, kitchen, master suite! Hardwood floors, numerous skylights, stained glass windows, extra-large master bath with three closets, plus multiple ocean-view balconies for your morning coffee!! Two-car garage too. Home is located on the furthest west end of Windsong Cove – the best location of the whole complex! There have been nine sales on Kalpati between $660,000 and $699,900 over the last two years!

LP = $699,000-$739,000

Open 12-3pm on Saturday, May 12th!

Zillow listing

Posted by on May 9, 2018 in Bubbleinfo TV, Carlsbad, Jim's Take on the Market, View | 2 comments

Robertson Wrap Up

It was almost four years to the day that the drone visited Robertson Ranch – before the development began.  Here is a post from 4/17/2014 when I was still piloting the drone, and hit my peak elevation:

http://www.bubbleinfo.com/2014/04/17/drone-at-robertson-ranch/

They only have six houses left to sell, plus the models, which means they’ve sold nearly 300 houses at an average of about $1,100,000 (guessing) in the last 2-3 years – or about 100 million-dollar-houses per year:

I’ve sold multiple houses across the street from the R-Ranch for less than $200,000. Now that they can get 13x times that money on what was a strawberry field five years ago is mind-boggling.

Posted by on Apr 14, 2018 in Bubbleinfo TV, Builders, Carlsbad, North County Coastal, Sales and Price Check, Why You Should Hire Jim as your Buyer's Agent, Why You Should List With Jim | 0 comments

Carlsbad 2009 vs. 2018

In the last post, I included a link to April, 2009.

Local Boy left this comment there with stats – let’s compare to today:

“Carlsbad Statistics (Single Family–all 4 zips)
I think the sellers in Carlsbad have been doing an excellent job pricing–in the last 3 months, 123 properties have closed escrow at 96% of asking price at a average price per sqft of $280 and 70 days on the market average (42 median)–not bad. 409 active listings with less than 3 months average market time, 155 houses currently in escrow with 52 days on the market average–Fairly healthy market–2.6 ratio of active/pending (single family).”

Category
April, 2009
March, 2018
Carlsbad Sales, last 90 days
123
183
Average SP/LP Ratio
96%
96%
Average Price Per SF
$280/sf
$425/sf
Avg. Days on Market
70
32
Active Listings
409
161
Pending Listings
155
126
Actives/Pendings
2.60
1.28
Median Sales Price
$630,000
$960,375

There have probably been 200-300 houses built in Carlsbad since 2009, yet the active inventory isn’t half of what it used to be.  But closed sales are +49%!

Posted by on Mar 25, 2018 in Carlsbad, Jim's Take on the Market, Market Buzz, Sales and Price Check | 0 comments

Timing is Everything

Here’s an example of how fast the market has been moving:

It was only nine years ago when you could buy a decent Carmel Valley starter home in the $600,000s.  This 2,056sf house built in 1985 on Santa Nella sold for $678,000 in April, 2009.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Five years later, this 2,057sf house in Carlsbad sold for $679,000 in April, 2014.

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You can still buy a 2,096sf house in the $600,000s today; you just have to go to Oceanside.  Here’s an example of a house that just closed for $620,000, and though it does back to a busy road, you do get a 3-car garage!

Meanwhile, the value of the Carmel Valley house is around $1,000,000 today.

Posted by on Mar 25, 2018 in Carlsbad, Carmel Valley, Jim's Take on the Market, Market Buzz | 7 comments