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.
Nov ’05. the coffee bet! No bet this time.
Pricing will probably change by 10% in the next year…..just not sure if it’s up or down!
Mid-range coastal markets like San Diego and Ventura should see their lower-end pricing go up 10% easily in the next year.
The NSDCC Over-$3,000,000 market today has 287 for sale and 67 pendings, which is great, historically. But by January it will likely be back to 10:1.
Could we have the high-end pricing drop 10%, while the low-end goes up 10%? Absolutely.
All it would take is the fear factor to kick in. Rioting in Kenosha won’t be enough, but if the killing comes to the streets of San Diego and a few homeowners who paid $2,000,000 a few years ago who are listed for $5,000,000 now have to take $4,500,000 to get out, they could do it.
North County Coastal’s gotta be like 30% – 40% above prior peak, right?
The base price for any truly exurban property will continue to rise. Not just demand but they aren’t profitable to build and so aren’t. As you say, north county SD, Moorpark Thousand Oaks Camarillo will see price compression up in the under $800s.