Many years ago, we purchased a home in Carlsbad, using a realtor that was recommended to us - Jim Klinge. Fast forward to 2025, we recently had the privilege of selling 2 homes in Carlsbad, CA and didn't hesitate to reach out to Jim and Donna Klinge of Klinge Realty Group to guide us through the sales. The transactions were very different, each with its own unique situation, opportunities and challenges. From start to finish, Donna and Jim helped navigate the pre-sale preparation, the listing, showing of the house, buyer negotiations, the final close and all of the paperwork and decisions in between. What stands out with both transactions is the professionalism of Jim and Donna (and their team), wonderful communication (timely, relevant, concise), their deep understanding of market dynamics (setting realistic expectations), their access to top-notch contractors, and last, their ability to guide us across the finish line successfully. We wouldn't hesitate to use Jim and Donna in the future and highly recommend them for anyone looking to buy or sell a property in North San Diego County.
JTR – you may recall I guessed $4.6 in a conversation a while back.
I arrived at that as follows
5 lots x $200k = $1mm
6 homes x $600k = $3.6
Partially completeed Homes at $1.4mm
minus $100k cost of sale/mktg
minus $300k 20% profit
minus $250k inside work/renovation/site
minus $150k cost of carry/permits/soft costs
—————–
Residual Home $600k
LOTS
$1.4mm sale value
-$100k cost of sale
-$300k profit
-$700k new const at $150/sf
-$100k permits, soft costs etc
—————
Lot residual value $200k
seems like what a builder would pay…
$4.5M….as you said in your first video, they could have listed the 6 homes for $900k each, and given a lot away with each home, and after commissions, could have made more than that.
These homes were horrible! The product design/architecture, interior design, etc. were all horrible. Not what the market in Carlsbad wants…Just look at LaCosta Ridge and other neighborhoods that have outsold what was done here. I’m a Carlsbad resident & homebuilding professional-bad move on Barratt’s part.