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.
My take is that it isn’t the OPTs or the reduced inventory but rather the high “OPT:Inventory Ratio” coupled with a depleted, reduced buyer pool (buy a home and stay, vs buy/sell/buy/sell/buy…).
when everything you see are OPTs it gets old really fast.
clearfund,
I couldn’t agree with you more.
It is testimony to how precise the demand is. Buyers are well-educated on value.
Well said clearfund.
And all the bad news the media circulates helps to create a sense of uncertainty which hinders some buyers from making the jump. The fact that there seems to be no clear solution to the housing problem adds to that uncertainty. Home buyers are also investors; and investors loathe uncertainty.
The great debate.
http://econstories.tv/2011/04/28/fight-of-the-century-music-video/
Yep, depleted Buyer pool. It just doesn’t make sense to buy or sell right now.
Jim-
How do the Active/Pending Ratios look–It could be lack of supply (or at lest GOOD supply)!
Well at least more houses are selling now than 2009….
Actually I’m surprised the numbers are still this strong compared to the boom years. Looking at March, the last complete month of stats, the number of houses sold hasn’t really dropped that much since the frenzy years. That’s kind of surprising.
There is nothing on the horizon that will increase demand other than lower prices and this generally means significantly lower, unless the house is super prime location. It is just that simple.
If you happen to catch Bernarke’s “press conference” yesterday the look on his face tells you all you want to know about the future of the economy.
Wouldn’t the inventory be poor until the developers start making new homes?