Hymettus is one of the more prominent streets in Leucadia, but there haven’t been any sales there since summer. So two older sales on Hymettus are included, the first closed in July, 2009, and the second was January, 2009:
I hesitated with the first story, but it demonstrates how a life-changing event at the wrong time can be very costly.
Jim Klinge
Klinge Realty Group
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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
$850K minus expenses? Wow! That was a super flip!
As for the very first house in the video, I thought that was an apartment complex! What does it look like from the inside?
Owned since the 90’s, loaned $975K in ’07
So many stories of people with ideally situated homes with small mortgages and even smaller tax bills, and what do they do… lose them because they tapped the home ATM for all it’s worth. Sheesh.
Jim,
Thanks a million for your coverage of Leucadia! I really appreciate it and my parents (who are considering selling in the next couple of years) really like your blog…esp. my Dad who likes your honest approach. He wanted to know how west of 5 Leucadia (Avocado Acres to be specific) is holding up.
When they sell when my brother graduates….they are looking to move to a 3,000-4,000 sqft home on 2-3 acres in either Rancho Santa Fe or Olivenhain.
My Dad has said he will use you as our realtor….so look forward to meeting us! It should be a nice purchase as my parents are cash buyers and won’t have to worry about financing and all that.
Keep them coming!
My parents and myself are addicted to this blog…haha.
Thanks!
Joe
Jim, one of these times could you do some vacant lots? Thamks
Very few lots available around the coast, mind if I hit Santaluz?
It looks like a target-rich environment. There is a 0.79-acre lot there that sold for $787,500 in 2005 that went on the market yesterday for $299,000 (but it was too noisy for us).
Yet Mr. Flip-a-roo just bought a house on the ‘steps for $1.4 that he just flipped for $2.1 – it closed this week.
Jim,
How are empty lots/tear downs holding up in Olivenhain & Rancho Santa Fe in the $3,000,000 market and below?
I’ve seen some great lots at good prices in Double L Ranch and through other parts of Olivenhain.
My parents are looking for empty lots or well maintained smaller homes (not mansions).
Olivenhain is interesting in that it’s not Rancho Santa Fe, but it’s more upscale than the rest of Encinitas? Is it holding up or are the prices falling?
There are 18 square miles in 92024, want to take a guess how many lots sold last year?
Eight.
Five of the 8 closed at $700,000 or higher.
There are 42 lots for sale, average LP = $997,000 and 144 days on market.
I think you can describe it by our old adage, “prices are holding, but nothing is selling!”
That’s amazing….only 8?
Wow.
I’m looking for properties/lots on the MLS and there seems to be a few decently priced Rancho Santa Fe properties. That spanish style REO in RSF you posted was around $2,000,000…which seems like a good value to me. 3,100 Sqft, guest house, great style and condition, pool, acre lot & close to the village.
I also liked that one on Lago Lindo…the one where you couldn’t decide whether or not to tear it down. Lago Lindo is one of my favorite streets in the Covenant…very quiet and beautiful lots.
I suggested to my Dad to look at east of downtown RSF, but my dad wants to be closer to the coast, due to his and my mom’s work at Scripps Encinitas. He also likes to be closer to the ocean and the cool weather.
On another note….any new developments at the Nantucket Development/Disaster? I’m also wondering about that HUGE vacant lot on the corner of Vulcan and Ashbury.
What’s up with that? The lots are graded, but then they bailed and it’s a huge field now that’s green and we use it to let the dogs run around and fly model airplanes.
I hope it stays that way!
Joe
“Scruffy” is a good way to describe that part of Leucadia 🙂 I used to live there in the late nineties through 2001. I had some very “interesting” neighbors and saw ice cream and tamale trucks daily.
Jim – Santaluz Lots would be a classic video. At one time I had 10+ lots out there, built a few customs, sold the rest of the lots around the peak. My opinion is that Santaluz is destined to be an incredibly high demand nieghborhood 10-15 years down the road once it is fully built out.
LESSON FOR EVEYONE: You should make way more money on the lots than on building/selling customs…
Our pooled fund is actually beginning to buy finished lots again in several locations with a 7 year hold just to park our clients IRA money in a ‘land bank’ scenario. All cash, no payments, cannot lose to the bank, just pay tax/hoa.
If you look at your recent blogs about CV vs 4S what is right in the middle…Santaluz. Yet it is the most upscale real estate option for multiple price points in the vicinity (before you move into RSF etc). Pleanty of trade up options in there.
It just simply was a victim of the bubble and massive oversupply coupled with large fees. However, if one was going to pay the heavy black mtn MR fees anyway, then the extra fees for a gated country club environment of santaluz is not terribly excessive.
thus we have a classic set up of a well located, irreplacable asset, with oversupply in a down market. When the supply is gone, will they be building another community at this level along the 56??? Doubtful. Long term upside (10-20 yrs).
Buy when everyone is selling seems to fit this neighborhood perfectly!!!
Other agents are calling 3/09 the bottom:
http://blog.evameier.com/market-reboundin/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+DelMarCaRealEstateBlog+%28Del+Mar+Ca+Real+Estate+Blog%29
Includes a classic quote too:
As one of my colleagues put it, “if you don’t buy now, you’re either broke or stupid!”
I was actually watching Santa Luz for a while, but the high HOA fee (~$700) scared us away. Besides, my wife wanted to be closer to the ocean. But I do agree with you. As the out-migration reverses to a net in-migration to San Diego, supply will be eaten up quickly, and Santa Luz is a good central point to Scripps-Poway, RB, and Sorrento Valley, the 3 major tech centers. Like you said, I give it around 15 years.
Love the yellow corvette. Welcome to Mullet country
Oh man. The video doesn’t play on my Droid.
Other agents are calling 3/09 the bottom
That must mean we’re near the top of the dead cat bounce. 😉
WOW! Someone ACTUALLY Yields at the Roundabouts.
Thanks for Leucadia video. I think this place has HUGE future potential. You forgot to mention the 101 Streetscape that will help transform the area. 4 hotels down the street. 1 of which is a 200 million dollar hotel. Thanks again Jim!!
That concrete angular beast on Neptune has always intrigued me. If you look at it on google satellite you can see how massive it is. I’d love to get a glimpse inside one day.
Jason may be scruffy but the pie lady on the corner bakes pies for all the neighbors and her niece delivers them wearing only a bikini top and hotpants in the summer time when she visits. Good people living around there (myself excluded).
Ha- everyone knows Leucadia is not scruffy- it’s “funky”. Ya gotta read more bumper stickers, people!
Rick The Tuna