I could not feel more certain about this conclusion:
Jim Klinge
Klinge Realty Group
Broker-Associate, Compass
Are you looking for an experienced agent to help you buy or sell a home?
Contact Jim the Realtor!
- 682 S. Coast Hwy 101, Suite #110
Encinitas, CA 92024 - (858) 997-3801 call or text
- klingerealty@gmail.com
CA DRE #01527365, CA DRE #00873197
View More Interest Rates
Verified 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.Verified 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.Verified 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!Verified I appreciate Jim & Donna's great teamwork, sound advice, and guidance that eased the stress of selling our Carlsbad home. Their professional input and assistance throughout the process was very helpful. Highly recommended!Verified 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 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...Verified 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.Verified We had a wonderful experience buying our home with Donna and Jim! In particular I was very impressed with their efficiency and support through the purchase process. As we were doing the walk through, Donna started contacting roofers, plumbers, aircon, electricians, etc for all the areas we needed potential repairs - by the time we were done with the walk through appointments were already set up to get estimates for all the major services. When we had to change an appointment, or couldn't make one, Donna was there to arrange things to fit our schedule. Even after we closed on our home, Donna helped set up the repairs we needed before move in day. They truly went above and beyond to deliver exceptional service. I'll be calling them for our next home!Verified The sale of our home exceeded our expectations - Jim and Donna Klinge are the best! We’ve followed Jim’s Bubbleinfo blog since the 2006 housing bubble. After he helped us buy in 2017 we stayed in touch and Team Klinge were the obvious choice when it came time to move. They guided us through the preparation of the house, including a kitchen refresh - Donna and Lisa skillfully managed the various contractors for us after we had moved out of state. Donna’s excellent attention to detail and regular communication made the whole process run smoothly from a distance. Jim’s market knowledge, expert negotiating skills and candid opinions, together with Donna’s responsive communications and problem solving, set them in a league of their own. Highly recommended!Verified Jim and Donna have exceeded my expectations with sale of my house. It was best experience with house sale. Professional, responsive, superior negotiating skills. I would recommend them with 5 star (I would give them even more than max) rating. Sale of my house was closed for really good price in 10 days. Jim and Donna perfectly handled house preparation for sale. Thanks a lot!!!Verified Jim and Donna have exceeded my expectations and made my most recent move back to California go so much more smoothly than I expected. Jim’s Bubbleinfo blog was full of useful information about the current market conditions. His experience helped us make a successful offer for the home we wanted in a desirable neighborhood. After the purchase Donna organized the work we needed done in the house without us having to make an additional trip. We were pretty worried when we started searching for real estate that not being in the area was going to makes things really difficult but Jim and Donna made the process so much easier. I enthusiastically recommend them.Load moreVerified by TrustindexTrustindex verified badge is the Universal Symbol of Trust. Only the greatest companies can get the verified badge who has a review score above 4.5, based on customer reviews over the past 12 months. Read more
If you want to consider one fact to back it up, know that the El Camino Creek Elementary School in La Costa Valley had 4-6 kindergarten classes at the peak.
In Fall 2023, there will be one class of 31 kindergarten students out of 1,073 houses.
Could ther be a surge of inventory – YES, and it would be very exciting. If 2-3 more houses hit the open market in La Costa Valley it will be very entertaining. Two are known and there wil be more.
I have one coming, and a Plan 4 in the Davidson tract will be listing for $2.7-ish. Buckle up.
Here’s another angle. If you own the house + even if you don’t but have a small mortgage it makes more sense to rent it out + move somewhere else cheaper + let someone else pay it off for you and/or create an income stream.
Instead of kids on bikes, La Costa Valley streets will be overrun by seniors on scooters. Won’t be long before they turn the soon-to-be-abandoned elementary school into medical offices. That’s where you catch up with your neighbors to discuss your latest medical procedure and how your last Zoom call with the kids and grandkids went, who live 1,000 miles away because they can’t afford San Diego.
Wow I just kind of depressed myself there.
Your analysis makes sense, but what I don’t understand is what caused the acceleration in the past 2 years.
I get it, empty nesters will sit tight for the next 5-10 years, but this kind of behavior was there also in the past 5-10 years. Furthermore, if they downsize they are looking for smaller/cheaper units. The fact that they don’t move should remove pressure from the entry market, but your weekly stats show that there is basically no <1.5M inventory.
Yes, the inventory was in a downtrend trajectory in the past 10y, but it has been dramatic in the past 2y. I really don't understand other factors at play here.
Investors? For sure, but house flippers seems almost out of the game in 2023 and the latest news point to large investors being net sellers of SFH.
I really have a hard time to explain the number we see
Between the population outflows, asset-rich boomers paying nothing in property taxes, and loss of tax revenue from commercial real estate, CitiBank predicts CA state income tax will rise from 17.5% by 2026 / middle bracket (115k) to 13.75%.
You might be able to get 2k a month from an ADU now, but 10 years from now?
Yes, the inventory was in a downtrend trajectory in the past 10y, but it has been dramatic in the past 2y. I really don’t understand other factors at play here.
The allure of the big payday was real for many. Maybe their numbers have been winding down, and virtually all of them have all left by now?
The scarcity itself likely discourages potential sellers.
Once you’re gone, you can never come back. Hey hey, my my.
Spot-on Jim. Every owner has refi’d to an ultra low rate, is enjoying a low tax basis via Prop 13, gets everything delivered to home, scared of COVID and its future iterations. Extreme weather around the country sours the pallet for moving out-of-state. Coastal SD is end game and everyone knows it. If you’ve lived or have moved from the Bay Area, you know this area is still undervalued.
Jim, who has been buying houses here over the past 3 years? Bay Area transplants? VPs and Directors? Doctors & Lawyers? Rich out-of-state retirees?
The buyers of the LCV home closing tomorrow are both doctors, and Bay Area transplants and rich retirees make up the rest.
The only hope regular people have is if parents or grandparents give them a huge down payment to make the mortgage payments more reasonable. But any coastal house has a minimum $1500 per month in property tax so the money is flowing. Hope you don’t have to make many repairs!