It was mentioned that these listing agents might be giving the sellers a holiday break, but most of these were marked pending in the first week or two of December. Hanukkah maybe?
I guess it’s possible, we will have to see what happens right after the holidays. Let’s follow-up in a few weeks. The house on Stone Haven (with moving van in front) closed today for $1.38 – list price was $1.449M.
Here are a few more:
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 ‘as is’ and just get it over with. They gave us a selling price for ‘as is’ 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 couldn’t 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 — 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 — 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 Jim’s 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 can’t 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 “can do” 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 Donna’s 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
“…after the Chargers win the Superbowl.”
Are you asking to be hacked again? 🙂
The prices and sales boom are insane. Is this the emergence of a mini-bubble? Will SoCal be worse off in a couple of years if the market collapses once again?
You’re not the only one flabbergasted.
All I can think is that some people with good jobs & better savings are buying the whole “recovery” meme and deciding they need to jump.
I live in the same neighborhood as the Santa Dominga house from the clip which just closed for $1.6M. The house across the street which also has ocean views and is 4200 sq ft closed for $1.075M in Sept…(relocation company sale) Just shows the difference between motivated sellers and those who will wait a year to get their price.
I still say that the somewhat updated Piggington has the biggest reasons why housing is selling. I found his August data, an update from what I previously could find. This is for San Diego as a whole, and we can’t say it applies to the entire market (some areas may have further to drop) but it shows what buyers are thinking. They are thinking that houses are reasonably affordable, especially when you factor in record low mortgage rates. We’re at price/income ratios not seen since 2001 and price/rent ratios not seen since 1999. On a monthly payment/rent ratio for 20% down 30 year fixed loans we’re sitting at the lowest recorded (1977)
Piggington
I will add the caveat that if interest rates go up these numbers won’t work out and we’ll likely see housing prices going down. Despite that, we may see an increase in monthly payments which is how many people afford their homes. Considering we haven’t seen prices this affordable in 8 years, a decade or since 1977 (depending on the metric) it’s no small wonder that there’s demand.
There is NO inventory right now. The market feels exactly like it did in spring 2004.
Looks like things are getting back to SNAFU/Normal in SoCal.
Jim, is this phenomenon strictly a San Diego County happening or is it all of So Cal? If it’s all of So Cal I’m sprucing up the old crib and planting the sign in the yard.
I’m not Jim but I don’t think the weird inflated pricing is *all* of southern Cal. Inland Empire is considered SoCal – and that area is behaving quite differently.
Coastal So Cal is it’s own eco system when it comes to irrational real estate markets.
It’s all about micro-markets. Once you get within viewing/walking distance of the water, all bets are off. They aren’t making more coastlines.
The buyers of most of these houses, especially the 3700sf and the 1200sf ones will NEVER(10-20 years) see any appreciation on their purchase. 20 years from now, incomes will not have gained enough to justify any higher price for those size/age houses. Thus, why in the world would anyone buy those houses when they could rent the equivalent for a third or half of the monthly cost? There is no shortage of idiots out there.
JordanT – I have to agree with your comment. People come up with all sorts of explanations, but sometimes the simplest explanation is the best.
Right Wow, the buyers are all “idiots” and they won’t see any appreciation for up to 20 years. Speaking of idiots…..
Transactions like the one on Santa Dominga definitely impact inventory significantly…owners who see that deal will either list at a crazy price or just pull off the market to wait for the “perfect buyer”
would not be surprised if “Wow” is actually closer to being correct than more people may think.
Prices will eventually decline to year 2000 levels – there is no way around it. then there will be many years of stagnation.
Prices will eventually decline to year 2000 levels – there is no way around it. then there will be many years of stagnation.
As a whole, we’re already there on a price/income ratio and a price/rent ratio. On a monthly payment/rent ratio we’re lower than 1977 levels due to the low interest rates. That’s not to say it won’t go down further, but to act like San Diego home prices are out of whack with the historical norms for the area is ignoring the evidence.
It’s funny to see quotes like ” rent the equivalent for a third or half of the monthly cost”.
It seems so 2006.
the areas that are out of whack are the high end areas. The La Jollas,Del mar’s , RSF of the world are the ones that really have to be concerned. They will go back to year 2000 pricing(not adjusted for inflation).
The under 400k area is most likely near bottom- with at most a chance for a additional 10% haircut(from early 2009 levels) and I feel that this will not happen till 2011 at earliest due to expected spring fling with the housing credit coming next spring.
Jim, is this phenomenon strictly a San Diego County happening or is it all of So Cal? If it’s all of So Cal I’m sprucing up the old crib and planting the sign in the yard.
rodeman | December 22nd, 2009 at 8:00 am
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There are reports from all around the country and all around the globe about the surge in speculative RE purchases. It is not about the ocean, it is not “special” here.
Buyers from ????? are buying up everything they can get their hands on all around the world. Speculation is back, and it might be even stronger than during the peak of the bubble, IMHO (not just MLS listings). Either they know something that we do not, or they’re likely to get burned. Only time will tell if they are making the right move.
the areas that are out of whack are the high end areas. The La Jollas,Del mar’s , RSF of the world are the ones that really have to be concerned. They will go back to year 2000 pricing(not adjusted for inflation).
I try not to comment on the high end. I feel that the available data doesn’t apply to it, and I don’t run in those circles to get a feel at all as to their financial situation. It also seems like the high end rarely follows the fundamentals the rest of the market does like price/rent ratios.
I’m still sticking by my guns and saying that extremely low interest rates and affordability is causing normal people to buy real estate. Even if the “Chinese” buy all the real estate, who’s buying it from them? Or are all those properties sitting empty?
Just to give some perspective on a similar market on the east coast, my old home town, Palm Beach County Florida is still stuck in a free fall in price with sales just starting to sputter to life at 50% off peak at all price ranges. Rents are off 20% and getting softer. The North County Coastal market seems like a red hot locomotive in comparison. On a personal note, after spending a month in Florida taking care of some business and visiting lifelong friends, I was elated to arrive back in Carlsbad. I have a friend and his daughters spending the holidays with me. They spent a whole day here in North County before declaring their intense desire to relocate here. The magic is here and it is going to attract people with money to spend. The whole “affordability” formula is not valid west of El Camino Real.