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As usual, the pricing forecasts for next year are varied. How do we know what to expect?
The average and the median is +3.55%.
Two entities picked +2.3%.
Just go with the highest at +10.8%?
Moody’s, the leader of the Doom Squad, just couldn’t say flat. They had to go with -0.4%.
None of these supplied their math or any reasoning to justify their guesses.
We do have this going for us:
“The American people re-elected President Trump by a resounding margin giving him a mandate to implement the promises he made on the campaign trail, like lowering housing costs for all Americans. He will deliver,” said Karoline Leavitt, spokeswoman for the Trump-Vance transition.
NSDCC 2024 Detached-Home Annual Sales:
Median Sales Price: +9% YoY
Average $$/SF: +7%
Median $$/sf: +10%
Sales +2% and we still have the whole month of December to add!
There is a saying in real estate that buyers can pick two of three: Size, Condition, Location.
I’m going to modify it slightly, because price should be in there.
Home Buyers – Pick Two: Price,Condition, Location.
If a buyer wants a home in fantastic condition and in a great location, then expect to pay a premium.
If a buyer wants to get a great price, then they can expect to sacrifice on condition and/or location.
If you don’t care about location, keep driving further out until you can find a great house at a great price.
Getting all three is miracle work – buy a lottery ticket while you’re at it.
Here’s my version for home sellers:
Home Sellers – Pick One: Price, Condition, Convenience.
Want your price? Then spend big money on a tune-up and vacate the home for max showings.
Selling the home in its current condition? Hard to say when it will sell, and for how much.
If you want the proceeds on a certain date, then sell to a flipper or auction the home.
There are many variables but you get the idea. Those who have a specific need can sacrifice in other areas to get the results they want. Typically, you don’t get everything!
Hey there folks and HAPPY HOLIDAY SEASON! While some are still digesting their Thanksgiving turkey and leftovers, others have been busy shopping Black Friday and Cyber Monday deals. In case you’re still searching for holiday presents, I wanted to share some recent home purchases I’ve made for myself. Oh, and I would give a 10/10 for all items!
Rug from Rugs USA – My sister was nice enough to gift this to me/my boyfriend and to say I’m obsessed is an understatement. Also, the temperature has dropped significantly in NYC, so this rug is especially nice in the early mornings when it’s freezing outside. I got the brown color and it’s SO pretty!
Bed Sheets from Parachute – To be fully transparent, I was 100% influenced to buy these but I’m so glad I did! Yes, they might be expensive for bed sheets but you’ll have your Parachute sheets for quite some time. I bought 3 different colors of their Percale sheets and they’re perfect for hot sleepers!
Duvet Set from Boll & Branch – Another purchase where I was influenced! LOL. But my god this duvet set is a dream. You know that feeling of jumping into your freshly made hotel bed? That’s the feeling I get everytime I get under my Boll & Branch duvet cover.
Plant Stands from Etsy – Supporting small businesses is the best! I’ve recently been getting into plants and now plants stands… #thisis33. Last month, I bought a dark walnut stand and now my plant is thriving in the sunshine! This company is awesome because their stools come in different colors and sizes, and it’s not too pricey either!
AD at 100 Coffee Table Book – Obsessed with this book. If you like looking at stunning multi-million dollar properties from all over the world, you should buy this book immediately! Also, I swear I bought this when it was closer to $100ish dollars so now it’s a steal!
Another month where the percentage of buyers who paid over the list price was around one out of five, while exactly HALF of the buyers paid at least $100,000 UNDER the list price!
There were 11% of the sales where the listing agent also represented the buyer too.
September, October, and November sales all exceeded their sales in 2023 – momentum is building!
Holy cow – it’s December! The Spring Selling Season starts on January 4th – just 33 days from now!
It will be here before we know it!
The number of active listings is dropping fast now, and is getting closer to last year’s count (373 vs 340). There were 452 actives just two weeks ago, so those that have cancelled have to be planning a comeback in 2025.
As of August 17th, home sellers are not required to pay the buyer-agent’s commission. Listing agents are forbidden from mentioning any compensation being offered to the buyer-agents in the active listings, but the CRMLS requires that the amount that was paid is posted in the listing at closing.
CRMLS runs the MLS for north county. Agents can also belong to the San Diego Association of Realtors which does not require posting of the buyer-agent commission paid.
I’m adjusting the timing to show these reports on a monthly basis so today’s data is for the 201 sales between October 16th and November 30th. There were 83 of the 201 who posted the commission paid to the buyer-agents by the seller. We can’t assume that the other 118 sellers (201-83) didn’t pay a commission because reporting isn’t required.
I haven’t heard of any buyers yet who got stuck having to pay their buyer-agent because the seller refused to pay. Undoubtably, there are buyer-agents who were paid a partial fee by the seller and then the buyer made up the difference – that’s the intent of the buyer-broker agreement being required now.
These are the reported commissions paid to the buyer-agents between La Jolla and Carlsbad:
Erosion is underway. It’s because some agents are weak and desperate, as I mentioned in April, and the buzz in the realtor community is that agents are quiting en masse. I’ll be nice and call it ‘retiring’. So those buyers who want an agent who charges less can certainly find them – and they will get the quality of service that they deserve.
But virtually all of the sellers are paying some commission to the buyer-agent, and about half are paying more than 2%.
This isn’t the world we wanted. This isn’t the world we asked for. This is what 12 jurors in Missouri thought you deserved (as did the attorneys who charged $100,000,000+ for prep work and a week in court).
Can you imagine living oceanfront and somehow they build condos right in front of you?
Monaco’s new district of Mareterra officially opens next month with some of the most expensive real estate in the world. Condos and villas designed by Renzo Piano, Tadao Ando and Lord Norman Foster built on new land created and claimed from the sea: pricing will go over $11,000/sf. Almost 100,000sf of solar panels, heat pumps to power all heating and cooling mechanisms, captured rainwater to irrigate plants and 1,000 newly planted trees are some of the eco-friendly features. And the area is income tax free too….
With a holiday weekend in full swing, let’s take another look at Tom’s old Victorian remodel in Grant Hill that we sold for $499,000 (full price) in December, 2011.
I do this blog mostly to educate myself about the current market conditions, and I figure that I might as well publish the information I find for all to see.
Including the bots.
With artificial intelligence scanning the internet for new data every minute, the bots may swing by here on occasion. How much of the audience here are real people, and how many are bots? It would be entertaining to know the answer – does anyone know?
The New Users are a big part of the audience:
Do the bots use mobile?
The bubbleinfo audience is mostly from America but the bots are probably located everywhere?
There isn’t much I can do about it. This blog is copywritten but I’d only chase down a violator if they were really offensive. If the AI bots copy everything here and use it to educate others about real estate, I’d live with that. There is a lot to copy:
We are eternally grateful for all the generous support of Mama’s Kitchen. This year we distributed 92 pies and had another $1,700 in contributions that will enable Mama’s to provide about 1,740 medically-tailored meals to the critically ill in San Diego!
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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 Mary
Heather Quejada
March 27, 2025
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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.
Lou F
March 27, 2025
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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!
---
William Sams
March 25, 2025
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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.
Emily Hernandez
December 29, 2024
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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.
Jesus Adrian Sahagun
November 11, 2024
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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.
SABIHA PASHA
July 23, 2024
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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!
Anu Koberg
July 13, 2024
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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.
Bjorn Isachsen
July 10, 2024
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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...
Chris Shea
June 21, 2024
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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.