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!
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.
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!
Reader AI wondered what happened to the homes for the middle class. The Seaport is a good example. In 1977, these 1,512sf to 1,946sf homes across the street from the La Costa Resort were priced reasonably:
A remodeled house with an extra 500sf addition just sold for $1,035,000!
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.
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).”
Carlsbad Sales, last 90 days
Average SP/LP Ratio
Average Price Per SF
Avg. Days on Market
Median Sales Price
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%!
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.
Could not be happier with my experience with Jim and his team. He helped me sell a very unique and challenging property. Throughout the entire process he was always available, honest, transparent, trustworthy, and always put my interests as a seller first. A (rare) true professional! During close of escrow Jim went above and beyond to complete the deal. It would not have been possible without his experience, fantastic team, and pure dedication. Highly recommended!
Thanks Jim and Donna Klinge! more “
Jim and the team at Klinge Reality are without a doubt the best in the business! Not only was Jim helpful and extremely knowledgeable, he was patient and determined to help me find my first home. Jim and his team have been in the business for many years, and it shows. Jim is a wealth of knowledge and was my biggest proponent despite the temperature of the competitive market. I ended up getting the perfect property in my dream neighborhood all thanks to Jim. From the day my offer was accepted, Donna was a real lifesaver. She was extremely helpful, responsive, and knowledgeable when it came to every minute detail, and held my hand through the process. more “
We first encountered Jim back in 2010 when we were looking to move from Pismo Beach, CA to to San Diego area. We had been having a difficult time finding (1) finding a realtor and (2) being able to see a home since we were so far away. Then we found Jim. He made the process really easy – he was able to take incredible video tours of the homes and it was as if we were there touring the homes ourselves. once we found homes we really liked, we took a trip to see it in person. One of the things we really liked about Jim was that he was honest with us about the homes and advised us weather a home was a good buy or not. He was not just out to quickly sell us a house just to make a commission. He really cared about ensuring we found the right one. more “
I have followed Jim’s BubbleInfo blog from the early days of the bubble when “real estate could only go up in value” and I knew him to be a straight shooter who would not sugar coat properties nor gloss over their faults.
So when we decided to move back to California after 7 years in the more “
Jim met with us prior to listing – provided guidance on preparation, detailed information and stats regarding local market conditions. He was invaluable for providing contacts for repair and improvements that would provide return on investment. Our combined efforts, strategy and his attentativeness more “
Jim and Donna Klinge are an impressive team. They work extremely well together and back each other up, as well as their clients, along every step of the way. Their expert guidance made a tremendous difference in the experience we had, both buying a new home and selling our previous home of 40 more “
Since Zillow only allows me to write 1 review per real estate transaction, per team of agents we worked with, this is going to be a super long review.Review on Jim Klinge:
Jim Klinge is the quintessential real estate agent, the “broker’s, broker” of real estate agents. My husband and I reached more “
by Louie and Tim Cook
Jim and Donna are the BEST of the BEST! Their knowledge, professionalism, work ethic, and devotion to their trade are unrivaled. It was refreshing to have worked with a pair of professionals who truly understand the meaning of customer service, a lost art in our opinion. Despite living over 3,000 miles away on the opposite coast, Jim and Donna were with us every step of more “
Jim found me a multi family property that we purchased as an investment (Please see my review of Donna Klinge for details on how it went). But the bottom line is this: I never would have found this property, which cash flows right out of the gate, if it weren’t for Jim pointing me toward that house. It just was not on my radar, even though I consider myself a savvy real estate troll. Jim is giving of his time, and his intelligence. And he is also transparent and truthful. And I think he is funny, which is helpful in stressful situations like RE transactions. Jim and Donna have earned every last penny they made from our deal — and in fact they deserve more. And that is why I will use them for my RE transactions the rest of my life. Thank you, Jim and Donna! more “
I can’t say enough about Jim and Donna. Jim got a great price for us and negotiated well. Donna walked us through escrow, handling vendors, and negotiating everything we asked for in the request for repairs. They are know exactly what they are doing and I’ve already recommended them to two other people. more “
I followed Jim’s blog for several years and decided to contact him (along with several other realtors) when an out-of-state work relocation required me to sell my home in San Marcos, Ca. At our initially meeting, Jim spent a significant amount of time discussing pricing options, strategy, as well… more “
Honesty. Integrity. Professionalism. Dedication. Commitment. Jim and Donna Klinge hold these attributes in abundance. They have acted as both our buyer agent and our seller agent delivering highly relevant insight into local market conditions, spot-on advice to maximize the home’s value, and unparalleled management of the transaction process… more “
I cannot imagine a better experience! Jim was our broker when my husband and I bought our first house. Jim never pressured us or glossed over anything. He was patient, knowledgeable, and helped us buy our dream home. His office was detail-oriented, always responsive and we closed in 30 days! The excellent service didn’t end when we bought our house, either, the Klinges have given us excellent and fast referrals along the way. We feel privileged to have worked with such a consummate professional and appreciate how rare this level of skill is. Jim is simply the best in the field. more “
Jim and his team are top flight. He knows the market better than anyone, and his team ensures the deal goes through without a hitch. There’s always something at the last minute, but you’d never know it with Jim and his crew. I’ve bought and sold houses with Jim as my agent over the years, and I wouldn’t use anyone else. Save yourself the headaches and potential costly mistakes… more “
Buying a house is one of the most emotional,exciting, and sometimes confusing milestones you’ll reach for in your life! Being a buyer in this market can make it even more interesting! My husband and I have been looking to buy for a year, and when the time came we wanted a realtor team that would be on our team! Being that I’m a business woman and was 7 months pregnant, I wanted, NEEDED, communication, dependability, and consistency! The Klinges went so far above and beyond … more “
Jim was recommended to me when I bought my first house here in the US five years ago. He and Donna explained the whole process and it was a great experience to work with them. Not surprisingly, when my company asked me to relocate my first choice was to work with them again… more “
I have followed Jim’s real estate blog for years and by the time I got ready to sell my townhouse I felt I knew him both personally and professionally. At our first meeting he was prepared with recent comps and listings for the area… more “
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