Yesterday we were discussing those high-end buyers – here’s a tour of the Del Mar beach area where the highest sale in county history ($48,150,000) happened in May, 2007. Buyers of the first and third houses shown paid all-cash, and house #2 had a $10,000,000 down payment:
Here’s how T’s looks from above – it runs from the 120 feet of sand frontage back to the tennis court, and includes every building with a tan roof:
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
More HUGE Dough in link below
http://finance.yahoo.com/real-estate/article/107090/Multimillion-Dollar-Home-Price-Cuts?mod=realestate-buy
A fool and their money are soon parted.
Did anyone see this?
http://nctimes.com/articles/2009/05/17/business/z43a2d4c9addd7066882575b600727ba7.txt
Can you really rent a 820 sq ft house for $1350 in Oceanside? Seems a little pricey to me. Zilpy says $1000 for a 1100 sq ft 1 BD in Oceanside.
What are the opinions on the NC coast?
Coincides with my general impression that there are really three segments to the market…
* The low end where people mortgage to the maximum for their income and the property.
* The middle where people mortgage to the maximum for their income, but bring trade-up equity along as a large downpayment.
* The high end where people buy & finance however they want within their overall means.
Totally reinforces my belief that middle is toast for the foreseeable future.
Del Mar prices are ridiculous. Sure, I’d never be able to afford those beach front properties even at “normal” prices, but most Del Mar sellers seem to think they live in Malibu. It’s amazing to look on Redfin and compare list prices to last sale prices.
BTW, is that Steve Finley’s house in Del Mar that was recently dropped to $14 mil from $21 mil?
After taking my own advice and surfing through listings on Redfin, I see why there’s so little discussion on this blog about Del Mar: It’s not even worth talking about. Unless you’re a multi-millionaire and not worried about losing big dollars on a home, why would you even look?
Some of those purchases were probably paid back with TARP money.
Is any more proof needed? We have lost our mind.
🙂 Consultant!
The people in Del Mar think they live in Malibu? Heck, the people in Oxnard think they live in Del Mar.
That last. $7+m? How many in Oxnard do you want for $800k?
http://www.redfin.com/CA/Oxnard/132-Moorpark-Ave-93035/home/4527199
The house I closed on Friday (yeah!!!) is larger than that one, yet I paid less than 1% the cost. Now, there’s no ocean in Riverside, but still-gimmie a break-almost ten grand a square foot is beyond insane.
I forgot to say I’m referring to the video poker house.
It’s a beach thing; if there’s sand and you own it, it seems as if it’s the best beach address in the world–to you.
Del Mar gets the beach and the horsey-set cache.
And don’t forget, some of that Ocean Front Dr. area has flooded–seriously. You can be ocean front from door-to-door in the blink of an eye!
I can think of many places at the beach I’d love to buy before I spent it here on a mini-house if I had $7M….
Nothing wrong with spending a little dough if you are able to.
Oregon’s got the right idea, all beach below the high tide mark is public.
Let’s see if T. Boone places windmills on his beachfront.
Actually all beaches in California, except for military, are public. The public can walk on the “wet sand”, below median high tide line. And the median high tide line is creeping inland.
Being a life long surfer and from the Malibu area, the beach at Del Mar really is the best sand that you can front.
In 2001 we lived in apartment in Oceanside while waiting for base housing (my husband was military). We paid $1,050 a month and I think it was about 925 sq ft. 2 bedroom/2 bath. Detached 1 car garage. We couldn’t put the washer/dryer in the apt, had to use the community laundry area. Where our laundry got stolen.
I don’t know what to make of this, but the city of Del Mar stated it doesn’t have enough money to join in the coastal city sand replenishment project to prevent sand erosion. Del Mar and San Diego are the only two cities that have chosen not to join the project in order to save money. Del Mar can’t come up with the money? Something is askew. Either the project is not going to help and Del Mar doesn’t want to waste money or they simply do not have the money. I know Solana Beach, La Jolla and Encinitas are dishing out the cabbage for this controversial project. Now, Arnold is talking about selling Del Mar fairgrounds to help the State bring in some cash? What are they going to build, more houses? What about the ‘drought’? Aren’t we overbuilt in this area?
If houses are selling for $10,000 a square foot-no, they are not overbuilt in that area. That is, clearly demand is greater than supply.
I concur, I went off on a tangent and was generally speaking. We had a picnic at Powerhouse park in Del Mar over the weekend and I love that area. One thing is for sure though, I see many homes for sale and more vacant office space in the City of Del Mar – still a very nice area.
Boony bought in 2007 from Art Nicholas, who built the palace during the tech bubble. Sold it to move to Montana, now back in RSF.