The C.A.R. released the latest sales data for August, including the graph above.
The sales-price-to-list-price ratio has been dipping in the off-season lately, and we can probably expect that streak to continue this year!
Buyers expect to have more negotiating power, and the fixers are the ones that get punished. Sellers will be smart to do more improvements to their home before hitting the open market!
Jim Klinge
Klinge Realty Group
Are you looking for an experienced agent to help you buy or sell a home?
Contact Jim the Realtor!
CA DRE #01527365, CA DRE #00873197
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. 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.Trustindex verifies that the original source of the review is Google. WeI had the pleasure of working with Klinge Realty Group to sell our home in Carmel Valley, and I cannot recommend them highly enough! 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. Whenever an unexpected issue arose they found and provided a solution. Never once did we feel pressured to make a decision and the Klinges were always reassuring after providing the information that the decision was ours to make. Despite the curve balls, they never panicked and exemplified the “can do” attitude, making us feel optimistic and taken care of. Their expertise and professionalism was superb. But of all the reasons to work with the Klinges, the most impactful and valuable is their compassion and genuine care for their clients. We pray that we can one day purchase our forever home and you better believe that Jim and Donna will be representing us - as long as they will have us of course. Thank you again Klinge team! Your execution, experience, and care are unmatched.Trustindex verifies that the original source of the review is Google. Jim and Donna were fantastic! 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!Trustindex verifies that the original source of the review is Google. We first found Jim through his blog at bubbleinfo.com, which really showcased his knowledge of SoCal real estate. Since then we've done three transactions with Jim and Donna, and they are an incredible full service agency, with Jim's deep market insight and Donna's deft contract and project management. We trust them implicitly in their analysis and strategy, which is based on years of experience. They're always available and on top of things, and we strongly recommend them to anyone.Trustindex verifies that the original source of the review is Google. The Good The Klinge Realty Group operates like a finely tuned machine, with a very personal touch. We contacted them on a Sunday and they were talking to us about our family and our needs on our living room couch the following day. They carefully listened to us and worked with us to identify the best and quickest path to listing within 2 weeks to take advantage of the low inventory conditions in our South Carlsbad neighborhood. They knew our tract specifically and had many previous sales there over the years - they came prepared with a thorough analysis of comparative sales and recommended a pricing strategy that they felt confident would yield offers the first weekend on the market. The Great Over the next two weeks Donna coordinated a range of vendors who she knew from experience could get the preparation to list work we needed done on time and with high quality. Our light tune-up involved excellent experiences with their stagers, landscapers, contractors, electricians, and plumbers. Throughout this period Donna's daily communication was clear, concise, and responsive. Any time we had questions Donna picked up the phone or texted immediately - but almost always, she answered our questions before we even knew we had them. The Outstanding We had a tricky situation with a shared fence that could have delayed our escrow. Donna used superb mediation skills to negotiate the terms of replacement and was personally on site with the fence contractor to make sure everything went smoothly. The fence looks great and escrow closed on time. The Truly Exceptional Our house came on the market on a Wednesday and between then and Monday morning Jim was personally at all three open houses. He was in constant communication explaining potential buyer reaction and strength. As he predicted offers began to come in on Saturday and each one was incrementally higher than the last. At the end we had 5 offers, 4 of which were over list, and the final accepted offer was $100,000 over list. In addition to being over list it included rent back terms that met our needs. The Recommendation For all of these reasons we would strongly recommend The Klinge Team to anyone wanting to sell in North County Coastal San Diego. I had been reading Jim's bubbleinfo.com blog for 15 years and knew when the time came to sell that he would be our first call. Jim Klinge is not your standard realtor. He is keenly aware of market conditions and sales strategies. And, works his tail off - though not as hard as Donna . At this point he's gone from realtor to friend and I plan to have him over to grill and chill at our new place to talk real estate, but also just about life and raising kids in San Diego. He's more interested in relationships than his sales numbers - and that's why his sales numbers are so high. We have already recommended the Klinge's to some close friends and another successful sale is on deck right around the corner...Trustindex verifies that the original source of the review is Google. We recently had the pleasure of working with Jim and Donna from Klinge Realty Group to sell our house, and we couldn't be more satisfied with the experience. From the initial meeting, they listened attentively to our needs and provided invaluable guidance on specific improvements to get our home market ready. Their responsiveness throughout the entire process was truly impressive. Anytime we had questions or concerns, they were quick to address them, ensuring we felt comfortable and informed every step of the way. What stood out the most was their team and extensive network of tradespeople, which made addressing any necessary repairs or updates seamless and stress-free. Thanks to their expertise and dedication, our house sold quickly and at a great price. We highly recommend Jim and Donna to anyone looking to buy or sell a home. They are a fantastic team who truly care about their clients and deliver exceptional results.Load more
In Los Angeles County, the median price surged 9.4% to a record $580,000. The previous record of $575,000 was set in July.
It was the best August for home sales since 2006. Total sales in Southern California were up 3.2% year over year and surged 13.3% from a sluggish July, CoreLogic said.
The August home price for the six-county region was just below the all-time high of $505,000 reached in 2007 at the height of the housing bubble. The market began collapsing soon thereafter.
But it’s been rebounding for the last six years, fueled by a slowly improving economy, historically low mortgage rates and a shortage of homes for sale.
“The market’s just chugging along,” said Tregg Rustad, estates director for Rodeo Realty in Beverly Hills. He and his partner sold 10 houses in August — half were at or above the list price and the rest were very close to it.
“Buyers are taking advantage of some of the lowest interest rates we’ve had in the last year. The economy is continuing to improve and the stock market and financial sector is up, so confidence is up,” Rustad said. “And I think sellers are taking advantage of record prices and low inventory.”
Home prices in the region can’t keep rising 7% a year and will probably moderate to between 3% and 5% annually for the foreseeable future, said Richard Green, director of the USC Lusk Center for Real Estate.
“Unless there’s some existential event like a nuclear missile hurled in our direction,” he said, “I don’t know why prices are going to fall any time soon.”
http://www.latimes.com/business/la-fi-home-prices-20170919-story.html
Governor Moonbeam is working hard to ensure high housing prices in California throughout our kid’s lifetime, certainly during what’s left of mine, via his “Sanctuary State” policy that cities are now imitating. That means less housing, and more unpleasant rental increases for years to come.
Longtime California homeowners, and especially longtime landlords, have the interesting position of experiencing what it’s morally like to be a mortgage lender before the housing crash, which may give them empathy for the little poor mortgage broker in Lancaster, just trying to make a living, and getting people loans.
They all be like, “Yeah, we know it’s bad for everyone in the long run, but what are ya gonna do? Make waves? Nah. Wheeeee!”
Legal or Illegal….it is what it is…people need a place to live…and the government has crippled new home and apartment builders with mello fees, permit fees, air breathing fees…to make the cost of building and selling out of most CA’s residents pocketbook. It means more people need to rent. The rents are higher as the costs have gotten higher to build it..and people are upset….this in my opinion is the BEST it is ever going to be get a 30 year fixed LOW rate home loan period…dont get used to these rates and if you think the Calif Legislature has fixed the building problem watch lawsuits holding up everything..not in my neighborhood is far from being dead. It is interesting now that the major media has gotten on the affordable housing crisis bandwagon that the environmental folks have been quiet.
Prices will go up and down or sideways..but the cost of money is gonna rise and rates are going up, you would be crazy not to get a FIXED home cost over then next 30 years at this historic time…and I promise you, 30 years from now that payment is gonna be laughed at…just my dads house payment was at $525 per month and his dads at $235 per month
“Legal or Illegal….it is what it is…”
The weather is what it is. If you’re poor and/or uneducated, your life is what it is. Immigration policy was created by people, not random unchangeable elements.
“people need a place to live…and the government has crippled new home and apartment builders with mello fees, permit fees, air breathing fees…to make the cost of building and selling out of most CA’s residents pocketbook.”
You must be new around here. California’s just getting started. The middle-class is toast…
http://www.dailybulletin.com/2017/09/10/granny-flats-are-on-the-upswing-and-theyre-not-just-for-grannies-anymore-6/
“It is interesting now that the major media has gotten on the affordable housing crisis bandwagon that the environmental folks have been quiet.”
I don’t know what you’re getting at. Environmental folks in California have been on the pro-immigration bandwagon for a long time, and they’re completely corrupt. Head up to jammed-packed-with-people Yosemite some summer, or read about the drug manufacturing raids in Sequoia National Park (Feds have even had helicopter-dropped narco raids in Lake Arrowhead forest), and see how that’s been working out for them–and us.
Daytrip let explain what I mean about the anti growth… low flush toilet and recycled house material folks.., not hearing any protests about this build up or granny flat add ons…used to be you cut a tree in ocean beach or put a Starbucks there it was then end of the world.. now they stack folks up or in aback yard….yet no complaints… strange
I agree with weather issue.., everybody complains near or at beach is unaffordable… yet homes are 1/2 the price 15 miles away…a number of immigrants never had a shot at a real education yet are hard working folks as we all know when we go to a restaurant…it is what it is.
Not new, born calif 62 years ago bought my first house for 39k in stockings when I was going to UOP…. what is shocking is how these fees have risen to an insane level… government greed run amock..if you are talking hoa fees, Mellio, and property….affordability is going down the toilet.
I agree with Jim.. new house less repair and possible better resale as less likely to go out of style 5-7 years down the road if you have to move plus better built earthquake and code wise… but at what cost… growing everyday… let’s add another real estate transaction tax… that is the solution….oops that might add to your costs … solution is reduce red tape, fees, and legal challenges for no real good reason..
Extremely tired of old white privileged people complaining about immigration and undocumented immigrants, all the while they make money off of them. I would really love to see white people pick fruit for $3/hour in 110 degree heat in central valley. Or maybe, you would like to mow your own lawns for $10/hour, or maybe clean your own houses for $9/hour. Large corporations are the biggest benefactors of immigrant/slave labor. And guess who runs most of corporate america and who is on the boards of these organizations, old white privileged people. So stop complaining and whining, and reminiscing about how things were 50 years ago. You sound like a dinosaur.
“Extremely tired of old white privileged people complaining about immigration and undocumented immigrants, all the while they make money off of them… So stop complaining and whining, and reminiscing about how things were 50 years ago. You sound like a dinosaur.”
Speaking of reminiscing, your extremely overgeneralized, racist rant describes the reasoning process of some very well known jack-booted dinosaurs from the 1930’s. Remember, commenting in a discussion thread is different from yelling at your television.
Yes I am for sure you are a champion of protest against injustices…you would be the first one to take a knee.