Inventory Watch – Keep Moving

by Jim the Realtor | Oct 21, 2013 | Bubbleinfo TV, Inventory | 0 comments

No panic on behalf of sellers, and the rest of the year should go quietly:

The UNDER-$1,200,000 Market:

Date	NSDCC Active Listings	Avg. LP/sf	DOM	Avg SF
April 29	201	$384/sf	36	2,599sf
May 5	195	$381/sf	36	2,633sf
May 9	207	$387/sf	35	2,624sf
May 18	241	$397/sf	33	2,566sf
May 23	236	$397/sf	34	2,529sf
May 30	230	$391/sf	35	2,591sf
June 5	229	$393/sf	35	2,577sf
June 11	239	$390/sf	34	2,569sf
June 17	246	$389/sf	36	2,577sf
June 24	255	$397/sf	36	2,535sf
July 1	244	$401/sf	38	2,526sf
July 8	256	$398/sf	38	2,530sf
July 15	269	$403/sf	38	2,486sf
July 22	258	$401/sf	39	2,442sf
July 29	262	$386/sf	39	2,493sf
Aug 5	287	$393/sf	38	2,495sf
Aug 12	300	$391/sf	40	2,521sf
Aug 19	304	$395/sf	41	2,491sf
Aug 26	308	$392/sf	41	2,469sf
Sep 2	304	$395/sf	41	2,453sf
Sep 9	303	$402/sf	40	2,453sf
Sep 16	309	$395/sf	39	2,463sf
Sep 23	311	$398/sf	40	2,431sf
Sep 30	293	$398/sf	42	2,448sf
Oct 7	280	$394/sf	43	2,451sf
Oct 14	278	$398/sf	43	2,432sf
Oct 21	273	$402/sf	47	2,428sf

The OVER-$1,200,000 Market:

Date	NSDCC Active Listings	Avg. LP/sf	DOM	Avg SF
April 29	620	$806/sf	94	5,183sf
May 5	606	$806/sf	93	5,223sf
May 9	628	$808/sf	93	5,150sf
May 18	653	$807/sf	92	5,161sf
May 23	661	$814/sf	92	5,141sf
May 30	659	$805/sf	95	5,222sf
June 5	663	$794/sf	96	5,185sf
June 11	672	$779/sf	96	5,163sf
June 17	661	$787/sf	99	5,164sf
June 24	679	$791/sf	98	5,097sf
July 1	705	$785/sf	94	5,084sf
July 8	702	$779/sf	95	5,100sf
July 15	736	$776/sf	94	5,038sf
July 22	748	$782/sf	96	5,043sf
July 29	736	$782/sf	100	5,057sf
Aug 5	754	$765/sf	100	5,024sf
Aug 12	750	$767/sf	102	5,032sf
Aug 19	742	$769/sf	104	5,009sf
Aug 26	740	$781/sf	106	4,962sf
Sep 2	736	$773/sf	107	4,928sf
Sep 9	724	$781/sf	108	5,006sf
Sep 16	738	$773/sf	107	4,993sf
Sep 23	736	$776/sf	109	4,953sf
Sep 30	717	$765/sf	111	4,954sf
Oct 7	709	$769/sf	111	4,960sf
Oct 14	719	$780/sf	111	4,965sf
Oct 21	704	$781/sf	111	4,976sf

Pendings still happening:

Weekly NSDCC New Listings and New Pendings

Week	New Listings	New Pendings
May 30	70	84
June 5	87	64
June 11	77	69
June 17	73	66
June 24	100	69
July 1	86	64
July 8	81	53
July 15	106	54
July 22	105	89
July 29	71	74
Aug 5	105	64
Aug 12	77	61
Aug 19	88	73
Aug 26	87	77
Sep 2	76	55
Sep 9	85	58
Sep 16	102	61
Sep 23	84	54
Sep 30	73	80
Oct 7	80	61
Oct 14	78	53
Oct 21	70	63

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Investors = 41% of all home sales in #Phoenix & 36% in #LasVegas. These are home sales with different ZIP codes for the property & the owner’s mailing address for property tax statements. iBuyers, second/vacation homes, flippers, & rental investors all contributing.

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Plans are taking shape for 10,000 units of new housing in the heavily industrial area - Is San Diego building an Amazon company town from scratch? https://www.sandiegouniontribune.com/news/environment/story/2021-09-25/san-diego-amazon-company-town

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gary t moyer

2021-03-01

Jim the Realtor is legit - I interviewed three brokers; he said list price should be $100,000 higher than the other two brokers; listed it with him and had all cash (no financing) offer in two days, five day contingency period, closing in two weeks - and it closed at his recommended list price. I could not recommend anyone more than I recommend Jim the Realtor.

drp2drp

2020-12-30

When we moved to San Diego in 2005 we rented a big house on Mt. Soledad (La Jolla) with 180 degree ocean views for the same payment as a mortgage on a dump in Chula Vista. Clearly something was wrong. Yet, the media was full of the usual happy-talk nonsense, so I was glad to find Jim's blog. I've followed his honest assessments and data since. We decided to sell and move to AZ at Thanksgiving. Dec. 1st we met with Jim to sell our home. We closed today (29 days later). Jim orchestrated a feeding frenzy -- we had 25 showings in 2-1/2 days, multiple offers, and sold for well over asking price. I'd say he earned his commission! We have owned and sold homes in 5 different States always using experienced, productive, full-time realtors. Jim outshines them all. You don't decide to sell and close 29 days later over Christmas (with COVID lockdown) without some miracles. Donna was amazing at performing lots of those miracles and ensuring that everything was done right and on time. They are a terrific team with a very responsive and professional network.

AmberleePiercy

2020-10-21

Where do we begin..2020 has been a year for everyone. When COVID hit and shut down both my husband and my businesses, we were left with a mortgage and very little income coming in. We were stressed, scared and felt stuck. We made the hard decision to sell our home and move out of state. We contacted the Klinges' and spent a good hour going over what we hoped we could accomplish. Jim and Donna came over with comps in hand and suggestions on improvements to get our house ready for the market. It was overwhelming to think about, but Donna was there and one step ahead in every scenario. Basically we just approved what they suggested and Donna handled literally everything. We placed our house on the market and within the first day we had multiple offers well above asking price! We couldn't believe it. We were overjoyed! Jim countered the offers to weed through them, and everyone came back with way more. It was amazing, and we are ?? sure it was because of the staging and repairs the Klinges suggested we do. Due to unforeseen dishonesty from the buyers lender, we hit a big hurdle when trying to close. We had already moved out of state and were shocked when three days before closing the lender dropped a bombshell on the buyers and us. However, Jim and Donna handled it like veterans, not afraid to play hard ball and represent their clients. After a few phone calls with us, and several between Donna and the lender, they had a plan B-Z to make sure we were taken care of. In the end we closed with even more money than we ever thought possible and with very little work from us. The Klinges handled this entire "2020" worthy event with the utmost professionalism and did everything in their power to not only make this as smooth as possible for us, but we also walked away with more money from the sale of the house than we ever hoped for. After working with Jim and Donna, you don't ever use anyone else. They are hands down the best team to represent you in any scenario.

Cecilia Acevedo

2020-10-01

Working with Klinge Realty Group was a great experience! They are very responsive, professional and knowledgable about the real estate market! I would definitely recommend Klinge Realty Group.

WAH08

2020-10-01

Jim and Donna Klinge made the sale of our condo extraordinarily easy. They know the market and gave us sound advice backed by details and very considerable experience, reflected both in the initial pricing and subsequent negotiations. They work together as a team and are always available to talk. We had a few challenges with our property and they were able to coordinate the resolution to everything, including items that I would not think would ordinarily be their responsibility to handle. They made the whole process effortless on our part. They are folks with high integrity and we cannot recommend them highly enough.

bethamunce

2019-09-26

Review for Member: Donna Klinge I cannot believe there are no reviews of Donna yet, ugh!! She is the secret sauce of the Jim Klinge/Donna Klinge combo! I will touch on Jim here, but Donna is why I'm so totally loyal to these two (no offense to Jim :)). I consider myself a rather savvy buyer/seller. I've bought/sold 7 times in about 15 years. On the buy side, Jim is the PERFECT combo of: completely digitally savvy (he will pull data all day long until you feel comfortable with your chosen house, area, school district, anticipated appreciation rate...anything!), he's super well respected and known in the area by other agents, an amazingly cool but strategic negotiator, is totally devoid of desperation for a sale/commission, and more. Then once you get into contract phase, Donna literally handles every last and final detail in a concierge-like manner -- totally shielding you from the daily back and forth, noodling and annoyances of the buyer's requests. She solves it ALL; it's miraculous what that woman accomplishes over and above what is even expected in a buy/sell transaction. On the sell side, Jim and Donna do the same, but even moreso. Donna in particular truly takes everything off your plate: she'll manage getting the house painted, the carpets replaced, she'll go on site (as she Jim both did for me when selling our rental properties) to work with the renters and make sure the house is ready to show -- freeing me to have to take time off of work to do so. They work with A+ integrity, too, so you know you are serving all parties fairly and lawfully throughout. A home purchase/sale is the most considered you'll ever make. HIRE A SAVVY AGENT, not a friend!, and get what you need out of the transaction. Jim and Donna are our agents for life.

Ann Romanello

2019-04-06

Jim and Donna Klinge are by far the most professional, personable and responsive realtors I have ever worked with. They provide VIP concierge level service in every area of the process of selling your home. My home was marketed so successfully that we received an offer the day after our first and only open house. Thanks to Jim's pricing and negotiating, our house is now the highest sold in our community. Jim's vast experience means he has worked with several realtors and knows the market all over north county. Donna is AMAZING in processing everything in the transaction. She scheduled trades people to work on the house in preparation for the sale as well as the repairs needed before closing. She communicated clearly every step of the way about what would be happening. She took the weight off my shoulders for the whole process. I will always use Jim and Donna for my future real estate needs and I whole heartedly recommend them to anyone buying or selling a home.

zuser20160915180743456

2018-07-03

Jim and the team at Klinge Reality are without a doubt the best in the business! Not only was Jim helpful and extremely knowledgeable, he was patient and determined to help me find my first home. Jim and his team have been in the business for many years, and it shows. Jim is a wealth of knowledge and was my biggest proponent despite the temperature of the competitive market. I ended up getting the perfect property in my dream neighborhood all thanks to Jim. From the day my offer was accepted, Donna was a real lifesaver. She was extremely helpful, responsive, and knowledgeable when it came to every minute detail, and held my hand through the process. As a first time home buyer I had no idea what the process would entail, but Donna curtailed every concern I came across and made the escrow process feel seamless. Jim and Donna provided me the best home buying experience, and I am very grateful for all they did for me. It was truly a pleasure to work with Jim and Donna and I am already looking forward to the next time we work together!

melanielogue

2018-04-30

Review for Member: Richard Morgan Richard is an amazing realtor! He has high integrity and genuinely cares about his clients and their needs. Richard paid close attention to what I was seeking in a home and was very patient in our search to find it. I would highly recommend Richard and will use him for future transactions. Truly a different kind of realtor experience!

shaunccornell

2018-03-28

Could not be happier with my experience with Jim and his team. He helped me sell a very unique and challenging property. Throughout the entire process he was always available, honest, transparent, trustworthy, and always put my interests as a seller first. A (rare) true professional! During close of escrow Jim went above and beyond to complete the deal. It would not have been possible without his experience, fantastic team, and pure dedication. Highly recommended! Thanks Jim and Donna Klinge!

Inventory Watch – Keep Moving

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Jim Klinge

Klinge Realty Group

Broker-Associate, Compass

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