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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: ‘Rancho Santa Fe’

Local Zillow Forecasts

I snipped this Zillow forecast (above) in October, 2016.  They expected La Jolla home values to go up 2.1% in 2017, which earned a ‘Very Cold’ label.

The La Jolla ZHVI rose 7% in 2017, so their forecast was a tad conservative.  The index has been dropping lately, but they are expecting values to flatten:

 

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Other Zillow forecasts – they like Carmel Valley:

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You can find more data here (they predict the U.S. market will be +6.4%):

https://www.zillow.com/home-values/

Posted by on Dec 6, 2018 in Carlsbad, Carmel Valley, Encinitas, Forecasts, Jim's Take on the Market, La Jolla, Rancho Santa Fe | 0 comments

My Best Listing Ever

My new listing in Rancho Santa Fe! Authentic Old-Spanish custom estate with a legal 2-br guest house on 2.3 acres! Oozing with charm and character borrowed from the old California missions, this sensational one-story has open-beam ceilings, custom cabinetry, wine cellar, 4 fireplaces, and plenty of natural light! Newer infinity-edge pool/slide, outdoor party room, 3-stall barn, tack room, 2 arenas, and on horse trail. Secluded on gated flag lot, and on sewer too. Guest house has newer kitchen & HVAC plus a 2-car garage – wow! Trophy property!

LP = $3,995,000:


2br/1ba Guest House

Guest House interior

https://www.zillow.com/homedetails/17442-Via-De-Fortuna-Rancho-Santa-Fe-CA-92067/16731335_zpid/

Posted by on Nov 12, 2018 in Bubbleinfo TV, Jim's Take on the Market, Listing Agent Practices, Rancho Santa Fe, Why You Should List With Jim | 7 comments

The ‘Rancho’ Effect

People are feeling a ‘change’ in the market, and wonder what will happen. The rapid escalation of prices has turned real estate into a rich man’s game – and you need serious horsepower to participate!

As the rest of North San Diego County’s coastal housing market feels the ‘Rancho’ effect, we will see more listings coming to market, listings taking longer to sell, and bigger gaps between list prices and sales prices.

In the surrounding lower-priced areas, the action has been much faster – we’re used to the quality homes selling in the first week or two. Let’s compare RSF to Encinitas to demonstrate what we can expect from now on:

Category
Encinitas
Rancho Santa Fe
Population
63,184
3,117
Active Listings
134
172
October Solds
48
23
Actives/Solds
2.8
7.5
Oct Average DOM
40
73
Oct Average SP:LP
95%
87%

We’ll have more homes on the market, slower market times, and bigger gaps between the list prices and sales prices. It’s how they do it in the Ranch!

Posted by on Nov 8, 2018 in Encinitas, Jim's Take on the Market, Listing Agent Practices, Market Conditions, Rancho Santa Fe | 1 comment

NSDCC August & Jan-Aug Sales

How did your area do last month, and for the first eight months of the year? It would be sufficient to just keep close to 2017, which was a good year for sales:

Town or Area
Zip Code
Aug17
Aug18
Jan-Aug17
Jan-Aug18
Cardiff
92007
7
8
49
39
NW Carlsbad
92008
23
20
147
143
SE Carlsbad
92009
45
47
390
324
NE Carlsbad
92010
10
14
109
117
SW Carlsbad
92011
28
24
189
142
Carmel Vly
92130
28
48
342
335
Del Mar
92014
20
4
105
108
Encinitas
92024
54
36
317
282
La Jolla
92037
18
24
207
227
RSF
92067
22
30
170
159
RSF
92091
11
5
28
21
Solana Bch
92075
13
13
73
63
NSDCC
All Above
279
273
2,126
1,960
Coronado
92118
22
11
124
115

Total NSDCC sales for the first eight months are down 8%, which isn’t the end of the world.  The median sales price is up, and the average cost-per-sf is down:

NSDCC median sales price, August, 2017: $1,245,000

NSDCC median sales price, August, 2018: $1,325,000

NSDCC average $$/sf, August, 2017: $549/sf

NSDCC average $$/sf, August, 2018: $534/sf

You would think that the high-dollar areas might be showing some struggle, but in August, both La Jolla and Rancho Santa Fe had great months.

In May, 2018, there were 13 sales in the 92067!

Posted by on Sep 16, 2018 in Jim's Take on the Market, North County Coastal, Rancho Santa Fe, Sales and Price Check | 1 comment

RSF Bank-Owned Mold Farm

This sold for $4,000,000 in 2001. On 9/11/2007, the former owners of this property took out a mortgage for $8,500,000, and the bank foreclosed in 2014…….but they haven’t sold it yet:

It will be back on the market some day!

We might see this REO sooner, now that the bank foreclosed after the former owner who got sentenced to 34 months (WaMu/Chase had $4.5 million in loans):

https://www.zillow.com/homedetails/6036-San-Elijo-Ave-Rancho-Santa-Fe-CA-92067/16730510_zpid/

Posted by on Aug 30, 2018 in Bubbleinfo TV, Foreclosures/REOs, Jim's Take on the Market, Rancho Santa Fe, REO Pre-Listings | 5 comments