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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’

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.

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

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