These new REO listings in the Covenant should help loosen up the stand-off between buyers and sellers in the Ranch.
When checking the sales in 92067, 92091, and Fairbanks, you could say sales have been a bit stagnant. In 2005 there were 253 houses that closed escrow between Jan. 1 and Oct. 30, and this year there have been 119 houses close YTD, a 53% decline.
Here’s the latest REO:
Jim Klinge
Klinge Realty Group
Are you looking for an experienced agent to help you buy or sell a home?
Contact Jim the Realtor!
CA DRE #01527365, CA DRE #00873197
Trustindex verifies that the original source of the review is Google. We sold a home with Jim and Donna and from beginning to end they were consummate professionals. Their initial walk through the property resulted in a list of items to be repaired or updated. They supplied a list of vendors and job quotes to do the repairs and updates. We originally wanted to sell âas isâ and just get it over with. They gave us a selling price for âas isâ and options for doing a few updates/repairs to doing it all with the selling price for each option. We agreed to do all they suggested and we sold for the exact price they predicted. For every dollar spent we got back more than $2 back in the selling price. And they got that price in a rising interest rate environment! Donna and Jim are extremely detailed and guide you through ever aspect of the sale. There were no surprises thanks to their guidance. We couldnât be more pleased with their representation. Thank you Donna and Jim, Jerry and MaryTrustindex verifies that the original source of the review is Google. We have known Jim & Donna Klinge for over a dozen years, having met them in Carlsbad where our children went to the same school. As long time North County residents, it was a no- brainer for us to have the Klinges be our eyes and ears for San Diego real estate in general and North County in particular. As my military career caused our family to move all over the country and overseas to Asia, Europe and the Pacific, we trusted Jim and Donna to help keep our house in Carlsbad rented with reliable and respectful tenants for over 10 years. Naturally, when the time came to sell our beloved Carlsbad home to pursue a rural lifestyle in retirement out of California, we could think of no better team to represent us than Jim and Donna. They immediately went to work to update our house built in 2004 to current-day standards and trends â in 2 short months they transformed it into a literal modern-day masterpiece. We trusted their judgement implicitly and followed 100% of their recommended changes. When our house finally came on the market, there was a blizzard of serious interest, we had multiple offers by the third day and it sold in just 5 days after a frenzied bidding war for 20% above our asking price! The investment we made in upgrades recommended by Jim and Donna yielded a 4-fold return, in the process setting a new high water mark for a house sold in our community. In our view, there are no better real estate professionals in all of San Diego than Jim and Donna Klinge. Buying or selling, you must run and beg Jim and Donna Klinge to represent you! Our family will never forget Jim, Donna, and their whole team at Compass â we are forever grateful to them.Trustindex verifies that the original source of the review is Google. WeI had the pleasure of working with Klinge Realty Group to sell our home in Carmel Valley, and I cannot recommend them highly enough! Jim and Donna demonstrated exceptional professionalism, offering expert guidance on market conditions and pricing strategy, which resulted in a quick and successful sale. Communication was prompt and we were well-informed throughout the entire process. For anyone looking for a dedicated and knowledgeable real estate team, look no further! ---Trustindex verifies that the original source of the review is Google. Donna and Jim Klinge of Klinge Realty Group have our highest possible recommendation. From Donna and Jimâs first visit to our house through closing their advice and counsel was candid and honest in all dealings. They kept us fully informed throughout the process. The house sold less than three days after listing with a two-week closing. My wife and I have sold several houses during our lives. This was by far the best experience. Klinge Reality is a premium service realtor. You canât make a better choice for someone to sell your home fast and for top dollar.Trustindex verifies that the original source of the review is Google. Donna and Jim provided exceptional support and professionalism throughout the entire process. We couldn't have been happier with their efforts. They made our house shine, and thanks to their expertise, it sold above the listing price in the very first weekend! Truly a fantastic experience from start to finish.Trustindex verifies that the original source of the review is Google. This year has been difficult on our family, mainly due to having to sell our home. Thankfully we knew God had a plan for us and working with the Klinge team was a key part of it. It was an obvious decision to work with them again after such an amazing experience when purchasing the same home we needed to sell. The challenge was, how will we do this in so little time with so much going on? Jim and Donna held our hand every step of the way. Whenever an unexpected issue arose they found and provided a solution. Never once did we feel pressured to make a decision and the Klinges were always reassuring after providing the information that the decision was ours to make. Despite the curve balls, they never panicked and exemplified the âcan doâ attitude, making us feel optimistic and taken care of. Their expertise and professionalism was superb. But of all the reasons to work with the Klinges, the most impactful and valuable is their compassion and genuine care for their clients. We pray that we can one day purchase our forever home and you better believe that Jim and Donna will be representing us - as long as they will have us of course. Thank you again Klinge team! Your execution, experience, and care are unmatched.Trustindex verifies that the original source of the review is Google. Jim and Donna were fantastic! Jim understanding my needs, recommending potential places, pointing out the pros and cons of each property was invaluable. Then when the offer was accepted Donnaâs organized guidance through the inspections, paperwork etc made the whole process seem effortless. So grateful that I had them on my side!Trustindex verifies that the original source of the review is Google. We first found Jim through his blog at bubbleinfo.com, which really showcased his knowledge of SoCal real estate. Since then we've done three transactions with Jim and Donna, and they are an incredible full service agency, with Jim's deep market insight and Donna's deft contract and project management. We trust them implicitly in their analysis and strategy, which is based on years of experience. They're always available and on top of things, and we strongly recommend them to anyone.Trustindex verifies that the original source of the review is Google. The Good The Klinge Realty Group operates like a finely tuned machine, with a very personal touch. We contacted them on a Sunday and they were talking to us about our family and our needs on our living room couch the following day. They carefully listened to us and worked with us to identify the best and quickest path to listing within 2 weeks to take advantage of the low inventory conditions in our South Carlsbad neighborhood. They knew our tract specifically and had many previous sales there over the years - they came prepared with a thorough analysis of comparative sales and recommended a pricing strategy that they felt confident would yield offers the first weekend on the market. The Great Over the next two weeks Donna coordinated a range of vendors who she knew from experience could get the preparation to list work we needed done on time and with high quality. Our light tune-up involved excellent experiences with their stagers, landscapers, contractors, electricians, and plumbers. Throughout this period Donna's daily communication was clear, concise, and responsive. Any time we had questions Donna picked up the phone or texted immediately - but almost always, she answered our questions before we even knew we had them. The Outstanding We had a tricky situation with a shared fence that could have delayed our escrow. Donna used superb mediation skills to negotiate the terms of replacement and was personally on site with the fence contractor to make sure everything went smoothly. The fence looks great and escrow closed on time. The Truly Exceptional Our house came on the market on a Wednesday and between then and Monday morning Jim was personally at all three open houses. He was in constant communication explaining potential buyer reaction and strength. As he predicted offers began to come in on Saturday and each one was incrementally higher than the last. At the end we had 5 offers, 4 of which were over list, and the final accepted offer was $100,000 over list. In addition to being over list it included rent back terms that met our needs. The Recommendation For all of these reasons we would strongly recommend The Klinge Team to anyone wanting to sell in North County Coastal San Diego. I had been reading Jim's bubbleinfo.com blog for 15 years and knew when the time came to sell that he would be our first call. Jim Klinge is not your standard realtor. He is keenly aware of market conditions and sales strategies. And, works his tail off - though not as hard as Donna . At this point he's gone from realtor to friend and I plan to have him over to grill and chill at our new place to talk real estate, but also just about life and raising kids in San Diego. He's more interested in relationships than his sales numbers - and that's why his sales numbers are so high. We have already recommended the Klinge's to some close friends and another successful sale is on deck right around the corner...Trustindex verifies that the original source of the review is Google. We recently had the pleasure of working with Jim and Donna from Klinge Realty Group to sell our house, and we couldn't be more satisfied with the experience. From the initial meeting, they listened attentively to our needs and provided invaluable guidance on specific improvements to get our home market ready. Their responsiveness throughout the entire process was truly impressive. Anytime we had questions or concerns, they were quick to address them, ensuring we felt comfortable and informed every step of the way. What stood out the most was their team and extensive network of tradespeople, which made addressing any necessary repairs or updates seamless and stress-free. Thanks to their expertise and dedication, our house sold quickly and at a great price. We highly recommend Jim and Donna to anyone looking to buy or sell a home. They are a fantastic team who truly care about their clients and deliver exceptional results.Load more
Man, what a house! Or should I say a mansion!
I can imagine how a family would live in there. It’ll just be like the Osbournes where the family will live mostly in the kitchen because they prefer to be close together, it’s more comfortable, and you’re closer to the food. đ
I loved your drive through town! I’ll have to check the video again to see how many odd looks you’ve received, especially after those few quick “Aoogas!”
Thanks Jim! Great video as always!
Park the S Class. The ’66 heavy will inspire ENVY from those swine realwhores every time. Next open house, just drive up on the lawn give ’em an aooga blast and when you open the door have the Corona bottles all fall out. You really need a hula skirt girl doll for the dash to complete the ’66 experience.
As for the house, perfect for a single person. I would turn it into a reality show house and invite some neighborhood weirdos in to share the happiness and freak out the neighbors. I would make the Beverly Hillbillies look like conservatives. Turn the tennis court into a 24 hour skateboard park and the guest house into a drive up bordello by the hour, pool priv. not included…
What a POS.
And gee, wa mu takes another one in the seat – over a mill loss. What Great Bank executives they had. lol.
Never mind the purchase price, can you imagine the cost to furnish a house that big?
Never mind the purchase price, the cost to furnish and the size. The thing is not a mansion it is a McMansion. Same tacky granite, shiny marble, stucco and sticks (love that Jim). That thing is a piece of junk. And what’s up with Rancho Santa Fe? The topography is a cross between a desert and a jungle. The best thing (well really, only good thing) about SD is the weather and water, so why live in a hood that looks like Honduras?
Anybody here ever watch Househunters International? Do you see what you can buy for half the price (or less)? Let me put that another way, imagine what you can buy in other parts of the world for that price.
I think it’s pretty nice. Big house, Pool, Tennis Court what else do you need?
Although if I had the money I’d tear out the tennis court and put in a garage to work on and collect cars.
At first I thought you were going in “undercover” as a gardener or such, but no… guess you want to rub it in their faces now that RSF is no longer their exclusive playground. đ
Very interested to hear how long these properties take to sell and what those prices will be.
Love the drive thru town with the ’66 heavy…every time I go into RSF, which is almost every day,I deliberately drive my ’88 “restoration project” with the fading paint.
Nice! I just wish that while you were there you had toured the panic room and mistresses’ shack.
Thanks Jim – I got a good laugh watching your video after a long, rough day. I would love to live in RSF “casita” surrounded by orange groves/open space but that house actually made me appreciate my little house….
Hey, let’s all just pool our money and buy the greatest party house in the world! Jim’s truck is just an introduction to all the wonderful sights and sounds the RSF bluebloods can expect to see when the bubble-heads arrive in town!
We’ll take the guest house. đ
I agree with François Caron, item #1. When I saw the kitchen the first thing that came to mind was The Osbournes (LOL). I think this is one fine house and nicely redone in ’93 (still looks current and fairly turnkey). Certainly in a lot better shape than some of the other ’50s/early ’60s RSF houses Jim has video toured. With 9,400sf in the Covenant at $316/sf and $1.625M off peak price, I can’t imagine why this wouldn’t be snapped up. If I had the $$$ and could cover the taxes I’d sure like to buy it.
My next idea for your truck driving thru Rancho Santa Fe would be one of those magnetic signs you attach to the side of the truck.
Look at all the free advertising you would get with everybody wondering why that truck is in the neighborhood.
Of course with the rust it might not stick.
doctorhousingbubble.com had a nice article yesterday on option arm. 65,000 alt A loans in San Diego.
Jim – Its finally starting to crack, such a beautiful sound. To compare apples/apples of a turnkey RSF quality finished home that house would likely need a $400k to fully finish the fit/finish/landscape for comparison’s sake (not that one needs to to all that to live there).
Thus lets say $3.5mm out the door ready for its closeup. Not quite back to reality, but almost there…next year when we get to $2.5 for a 100% move in/turnkey product like this on a good street and you’ve got a home below improvement value (and a long term profitable deal).
I think the size of the home will work against it and skews the psf artificially low. My clients in this market like more of a 6-7k sf residence and anything over that is usually wasted on most these days. (Not too many kids at home any more)
livin’ it up at the hotel california, such a lovely place…
Clearfund, just curious, what do your childless clients need 6-7k sf for? I have a wife and young son and my 1900 sf home feels big!
they’re downsizing from 10k – 12k sf…its all relative. In their minds they are cutting their house size by 50%…
didn’t say it was logical to us mortals, but the 8k+ sf homes used to be “needed” to establish the size of your wallet, etc.
no mas.
I love the impish laugh the truck brings out in you. I have experienced that same joy. The video from the day you picked it up at the shop and you let out that laugh as you said “Jim the Realtor baby..” Classic. Brought back memories of my own misspent youth and large block V8 automobiles and trucks.
The shot of the “Historic” sign with the truck idling in the back ground. I love that sound. Kind of “Jaws” like bah dum, bah dum, they have no idea what lurks. The sounding of the horn and that laugh again. Personally I think that the 66 Chevy with the big block belongs in RSF. Keep your exotic mobile. You want to see outrageous, watch that gas gauge. lol love your site
“They love me here!” (Rancho Santa Fe) (JtR)
You’ve got that right, Jim! We DO love you here on bubbleinfo. I cracked up when you hit the horn down “Realtor Lane”.
But I laughed more with the house. Seriously, 9,400 square feet? It reminds me of a 10,000 sf house up in Bend, OR–where we once lived. My late husband truly was the “best finish carpenter on the planet”. (OK, I concede I’m a bit prejudice here.) One week-end he took me and our young kiddos to this 10,000 sf monster home in the exclusive “Broken Top” community on the West side of the city.
He knew I loved looking at real estate, and since he loved me, delighted in showing me different homes. He was working there during the week, and had access to the house. (We certainly didn’t break in.)
He knew I’d get a kick out of seeing how the “other half” lived. We walked in the front door and my eyes popped. This was some serious square footage, and a true McMansion. I had never seen a house this big. (He had shown me a 5,000 sf home the year before.)
So when we walked in, our kids immediately took off to explore. I was mind blown with the top level’s 5,000 sf. Then my hubby said, “Let me show you the downstairs.” I was dumbfounded that there was even more sq. footage.
Once we got downstairs, we (again) walked around forever it seemed. At the end of the tour, I turned to him and said: “Why would anyone need this much square footage? But beyond that, is it just me or is the downstairs a 5,000 sf clone of upstairs?” He agreed with me that the downstairs was nearly identical to the upstairs right down to the kitchen (yes, there was a 2nd kitchen right next to the “Game Room”.)
We were chuckling together when we realized we had no idea where our young kids were. We knew they were safe, but where the heck were they? After minutes searching together, we finally found them upstairs playing hide-and-seek.
We literally laughed all the way home and then gratefully got out of our car to walk into our very comfortable 2,000 sf home for our family of four–plus one (now) 15-year old cat who’s still here and delights in galloping down my rental’s hardwood floors.
Thanks for bringing back awesome memories, Jim! They really are priceless as I continue my own real estate search for my last home.