While the talking heads of the media will point to the increased median sales price and declare that “prices are going up”; all you have to do is look at some of the tonier parts of town to find contrasting data.
For instance, how about Old Del Mar:
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Jim Klinge
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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.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. 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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. 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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!Load more
That is one of the most poorly laid out houses I have ever seen. Small rooms, odd angles, and most of the bedrooms in the basement. The decor is appalling, or should I say “taste specific.” I don’t think it will sell unless a big discount for a complete redo is baked in.
It’s ‘custom’.
They paid $3.6 in Jan, 2006.
I’m inclined to agree with “Another Investor.” The house looks a bit creepy, it will not be cheap to redo the kitchen so it’s less “custom” and the basement is just a deal-killer in that price point.
Plus, how long will that sliver of ocean view last? Someone could build something to block it, right?
The location is awesome, but for $2.5+ million, I think people expect more than just square footage.
I like the house and, I don’t think it would be too hard to remove the umm, unique decor choices of the previous owner.
Refinishing the kitchen cabinets is a straight forward process that, speaking from personal experience, even a novice do-it-yourselfer could handle.
As for the master bath wallpaper, well, changing that is tedious but, also strait forward.
I will give you that the price is pretty steep and, I would have recommended to the owner that changing the kitchen cabinet and master bath wallpaper to a more neutral finish would help sell the property.
The location is amazing! You can hear the waves! But that’s all I liked about it.
I don’t disagree with you often, JtR, but without a huge price drop, I don’t think it’s gonna sell. Let’s see who’s right on this particular home. I’m guessing it will go for $1.995 million…
But $2.5 million is starter-home entry level for this neighborhood.
P.S. The 5 br/6 ba 7,304 sf Del Mar Castle built in 1926 on 2 acres across the street was sold by Tony R in 1998 for $2,100,000. It was on the market for six months, on the value-range $2.5 to $3.4.