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.
The next 6-8 months will really tell the tale of long term prospects.
Much of the artificial man-made market variables that have effected the housing makert in its quest to find true equalibrium is coming to an (expensive) end.
I know there was a headline the other day about the One offering mortgage aid to homedebtors but that won’t happen.
6-8 months and you will be able to make coherent long term forecasts/predictions
Spring Whiff
Wake me up in 2 years… seems like we’ll be going sideways for at least that long…. zzzzz
Thanks JtR.
Does anyone else see an upward/donarward trend here? I sure dont. But I sure see 2004ish PPSF correlations. Not that anyone would buy purely based on these stats.
JTR – Look at the correlation, or direction, of both the total sales & $psf.
The trend is that as sales volumes were dropping, yet people were paying higher and higher $/sf. Note that sales volume had been dropping since 2002 (effectively through 2009), well before the “peak”!!!
Appears that the smart money was getting out (or stopped coming in) beginning in 2002, per the lower volume of sales numbers, and the late arriving ‘sheep’ money was paying anything to get in the game (i.e. higher $/sf).
In 2007, when the dam broke, both volume and $/sf started going down together.
Previously, I expect most people would have thought that volume was rising into 2007 instead of peaking in 2002 then falling.
Not a good idea.
http://www.signonsandiego.com/news/2011/jun/09/real-estate-agents-needing-cash-turn-advances/
Very interesting chart.
Agree with clearfund. There seems to be an inverse correlation between the sales volume and sf price: volume goes up and the sf price goes down. In NSDCC, the peak for volume and the bottom for price were reached at around 2002 (1568 units v.s $292/sf.)
If this observation has any forecasting value, buyers may be able to use sales volumes to gauge the bottom of the market? Would a sales volume of 1500ish be the telltale sign of a bottom?
OMG on Daniel’s article.
I know Tanya – she is a good, long-time agent too. Not sure why anyone would want to be the subject of that article?
clearfund/KD,
Agreed with the forecasting value, and particularly with sales being the best leading indicator.
When both sales and pricing are going in the same direction, it’s nervous time. Either a bubble is building, or deflating!
I guess them there reelitter pilgrims taking closing loans got no equity HELOC to tap.
San Diego county has been showing a pretty soft spring selling season, while NCC has done pretty well or at least maintained with last year’s numbers. I don’t know that you can draw a correlation between NCC and general San Deigo county, where NCC will follow SD County or NCC leads SD county but certainly if SD County and the National numbers stay soft the media will focus on the negatives.