Many years ago, we purchased a home in Carlsbad, using a realtor that was recommended to us - Jim Klinge. Fast forward to 2025, we recently had the privilege of selling 2 homes in Carlsbad, CA and didn't hesitate to reach out to Jim and Donna Klinge of Klinge Realty Group to guide us through the sales. The transactions were very different, each with its own unique situation, opportunities and challenges. From start to finish, Donna and Jim helped navigate the pre-sale preparation, the listing, showing of the house, buyer negotiations, the final close and all of the paperwork and decisions in between. What stands out with both transactions is the professionalism of Jim and Donna (and their team), wonderful communication (timely, relevant, concise), their deep understanding of market dynamics (setting realistic expectations), their access to top-notch contractors, and last, their ability to guide us across the finish line successfully. We wouldn't hesitate to use Jim and Donna in the future and highly recommend them for anyone looking to buy or sell a property in North San Diego County.
P.S. Of the 32 distressed sales, 22 were in Carlsbad and Encinitas (5&17).
For SD county, this week’s median sold price per square foot is up 10% year over year ($199 to $219). Sales are up 14% yoy. Strong numbers for sure. Hard to know how much of the price increase is due to change in product mix, as you say more conventional sales as a percentage, will cause the medians to move quickly.
Also interesting is how there has been no dropoff in prices at all this fall/winter unlike the typical pattern.
http://www.redfin.com/county/339/CA/San-Diego-County
I agree this spring is going to be insane.
Of these traditional sales I wonder what percent are flippers turning a property they picked up as a short sale or REO? Or what percent are people who have owned for > than 5 years?
I know a lot of the traditional sales are flippers cashin in.
I’ll check on the length of ownership question, but will guess that more than half of the NSDCC sellers have owned 9+ years (prior to 2003’s beginning of superfrenzy)
Next year could be muted purely due to greed – 100% gains aren’t attractive enough to some:
John Paulson, the billionaire hedge-fund manager who made a fortune betting on the collapse of the housing market, is now posting strong results in his recent residential investments as he rides the housing rebound.
A $298.4 million real-estate fund managed by Paulson & Co. would be worth as much as twice the total amount invested if the properties were sold today, a Paulson official said at the fund’s annual meeting in Manhattan on Wednesday. The fund has made 11 land purchases and acquired two hotel portfolios.
But Mr. Paulson said at the meeting that he was not interested in cashing much out today. He believes the fund could return several times its initial investment as the housing market continues to rebound.
“We can sell today at a premium but it is not our goal to make a small premium,” he told investors. “The value of land is starting to rise more rapidly.”