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An Insider's Guide to North San Diego County's Coastal Real Estate
Jim Klinge, broker-associate
858-997-3801
klingerealty@gmail.com
Compass
617 Saxony Place, Suite 101
Encinitas, CA 92024
Klinge Realty
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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: ‘One-Story’

New Homes for Boomers

What could really boost the market further would be if we had more new or newer single-story homes for sale.  Baby-boomers would be much more likely to ditch the older two-story family estates and glide into a ready-set single story home – if there was just an easy exit.

If you wanted a new house under $500,000, how about Las Vegas? The home above is in Summerlin, and I’ve been there.  It is a great alternative for those who don’t mind the heat!

Or if you insist on San Diego County, but might go to the outskirts?

Here are one-story new-home options for you locally:

Plus, this is the Pardee tract they sold off to Toll:

True, in order to downsize, most sellers need to leave town, but at least there are some new-home options to consider nearby.

The folks at the 55-and-over Auberge near Santaluz just wrapped up sales of their brand-new one-story homes, and it would be a good place to look for resales.  Here is a tour of the Plan 3 model, which one of my buyers purchased:

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Posted by on Sep 7, 2017 in Boomers, Bubbleinfo TV, Builders, Jim's Take on the Market, One-Story, The Future | 2 comments

Carlsbad Newer

This house was built in 2013 and has the master suite downstairs, with other bedrooms up – which isn’t as popular as you might think.

The older buyers who want a one-story think these are more house than they need, and the families with infants aren’t gung-ho about the kids being on a different floor.

This sold in February for $1,230,000, after 77 DOM:

Posted by on Aug 28, 2017 in Bubbleinfo TV, Carlsbad, One-Story | 6 comments

One-Story vs. Two-Story

The other day, an appraiser mentioned to me that he had just completed a study comparing the prices of one-story houses vs. two-story.

He had done a similar study ten years ago, and found that the premium being paid for a one-story then was about 5%.

Today, he found that the premium is about 14% – more than double!

We speculated whether it would double again over the next ten years.  When you consider how short the existing supply of one-story homes is today, and that builders are still addicted to the two-story model, it is pretty easy to guess the premium will increase further!

Here’s a sample of houses sold between La Jolla and Carlsbad this year.

NSDCC Houses Between 2,500sf and 3,500sf Sold 2017 YTD

# of Stories
# of Sales
Avg SF
Avg $$/SF
Median SP
One-Story
104
2,918sf
$623/sf
$1,450,000
Two-Story
532
2,973sf
$450/sf
$1,163,173

You can get a better ‘deal’ on a two-story home, but as boomers get older and unload two-story houses, that market could get glutty, and the quality one-story houses be even more sought-after.

Posted by on Aug 28, 2017 in Jim's Take on the Market, Market Conditions, One-Story, Thinking of Buying?, Why You Should Hire Jim as your Buyer's Agent | 7 comments

Bubbleinfo on Facebook Live

My first attempt at Facebook Live, with no warm-up.

I’ll hold the phone horizontally next time, and shoot the video out the back of the phone because this view is reversed (be patient, it rolls out slowly here):

Jim the Realtor on market conditions

Posted by bubbleinfo.com on Thursday, August 3, 2017

If you want to follow, here is the link to the Bubbleinfo Facebook page:

https://www.facebook.com/bubbleinfo/

Posted by on Aug 3, 2017 in Bubbleinfo TV, Jim's Take on the Market, One-Story, Thinking of Buying?, Thinking of Selling?, View, Why You Should List With Jim | 0 comments

RSF Open House Today 12-3pm

Kayla and I will be at 7060 Via Del Charro today 12-3pm!

An authentic California Ranch on 2.79 acres in horse country! Park-like estate with a stunning single-level main house that was redesigned and extensively upgraded in 2009 – it’s like a new house! The wide-open floor plan features wood-beam ceilings, wide-plank real hardwood floors, and several sets of french doors! Pool/spa, 3-car garage, TWO detached guest houses (perfect for multi-gen), tennis court, RSF schools, & no HOA!  The master suite was highly upgraded in 2016 with new steam shower, jacuzzi tub, and walk-in closet! On sewer too! Plenty of room for horse facilities with trails nearby. $2,750,000

https://www.zillow.com/homedetails/7060-Via-Del-Charro-Rancho-Santa-Fe-CA-92067/16730852_zpid/

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Posted by on Apr 29, 2017 in Jim's Take on the Market, One-Story, Open House, Rancho Santa Fe, Thinking of Buying? | 4 comments

Move While You Are Younger

There are already people who have decided to buy and/or sell this year, and to those folks I’ll say in advance – congratulations, and I’d like to help you!

I’d like to reach out those who are thinking of putting off the move for another month or year.

Here are reasons why you should re-consider:

  1. The actual moving is mentally and physically taxing.  Even if you have plenty of family to help sort through the junk and pack everything up, you will want to have a say in many of the decisions.
  2.  Moving to a new home almost always means getting accustomed to a new home, area, amenities, and basic things to live.  You want to be on top of your game to endure that many changes.
  3.  People are buying one-story homes in advance because of the lack of supply and the pressure on pricing – demand is heavy, and supply is light!
  4.  The current administration could mess with the tax law, and tweak the $500,000 tax-free profit you have coming from your home sale.
  5.  The move is very likely to be more difficult than you think!

Recently, I had a widow move to a retirement facility after her husband had passed away (she was younger).  We lamented that if they would have moved together, he would have loved the new place, and she would have had a network of friends already built by the time he passed.

If you are getting up in years, and know that you have at least one more move in you before you’re done, don’t wait too long.  Seventy years old is about the latest anyone should move, and 60 years old is recommended.  You want to enjoy a few years at the new spot!

Don’t wait too long!

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Posted by on Feb 6, 2017 in Boomer Liquidations, Boomers, Jim's Take on the Market, One-Story, Thinking of Buying?, Thinking of Selling? | 1 comment