Klinge Realty Group

IN ESCROW: At the end of July, we had a family reach out to us who were moving into the area and looking to buy. They needed to enroll their kids in the local schools so had to buy something fast. Jim took them out to tour various homes last week Wednesday and we opened escrow by the weekend!

If you’re looking to move, it doesn’t always have to be difficult! Let us know if you’re thinking of buying in North San Diego County.

3947 Rancho Summit Dr, Encinitas • 5 bedrooms • 5.5 bathrooms • 5,875 square feet • LP: $4,395,000

Jim & Donna Klinge
DRE 00873197 | 01889890

Of the last four months, three had 200+ local sales! April, June, and July had the strongest over-list ratios for the last two years - take a look at the graph.

The wildest? A Del Mar listing had been on the market for almost four months and they lowered the price by $475,000. Then it sells for $1,725,000 OVER list - crazy things are happening out here!

Take a look at the home here: https://www.bubbleinfo.com/2026/08/06/over-list-july-4/

"In California, the reliance on family assistance is significantly more pronounced than the national average due to the state’s exceptionally high housing costs.

Depending on the specific mortgage type and region, between 31% and 50% of first-time homebuyers in California receive financial help from parents or family members to secure their down payment."

I think it’s closer to 50% around here. What is the significance? In a bidding war, the first qualifier is the offer price. The second is the down payment percentage. Buyers who have a low down payment will be continually frustrated when there are multiple offers.

Read more:

Down Payment Help - bubbleinfo.com I think it's closer to 50% around here. What is the significance? In a bidding war, the first qualifier is the offer price. The second is the down payment percentage. Buyers who have a low down payment will be continually frustrated when there are multiple offers. Are there any other ideas? This is....

There was a story about the NAR pitching the congress-critters on the benefits of passing the More Homes On The Market Act, which was introduced in February, 2025:

More Homes on the Market Act

This bill increases the amount of gain from the sale of a principal residence that an individual may exclude from gross income (for federal tax purposes).

Under the bill, an individual may exclude from gross income gain from the sale of a principal residence of up to $500,000 (currently $250,000), and taxpayers who are married and file a joint federal income tax return may exclude up to $1 million (currently $500.000). The bill also requires these amounts to be adjusted annually for inflation.

We know about the bill. But I found these excerpts from the story to be of interest:

- Brown said roughly 64 percent to 65 percent of properties in California sit above the current threshold, and he cited 13 million households nationwide in the same position. He said the bill has bipartisan support and pointed to a conversation with Sen. Elizabeth Warren, who he said asked him directly to pursue a follow-up to the 21st Century Road to Housing Act.

- Brown detailed the advocacy work behind the 21st Century Road to Housing Act, a bill he described as a merger of 50 individual bills that already passed with bipartisan support. He said NAR’s 10-person lobbying team, led by Shannon McGann and Patrick Newton, met with Congress roughly 5,000 times, aided by a federal political coordinator assigned to every member of Congress.

Read more:

Doubling Tax Exemption - bubbleinfo.com There was a story about the NAR pitching the congress-critters on the benefits of passing the More Homes On The Market Act, which was introduced in February, 2025: More Homes on the Market Act This bill increases the amount of gain from the sale of a principal residence that an individual may exclud...

It’s Testimonial Tuesday! Mark recently left us this extremely kind review sharing his experience working with us over the last decade:

“Jim and Donna Klinge of Klinge Realty Group have helped my extended family with several very challenging real estate transactions over the last ten years. They are consummate professionals that get things done. The most challenging transaction closed this year. My father passed, leaving a Fallbrook property littered with 30+ cars in various states of disrepair. Jim, Donna, and the team got the home remodeled and the property cleared. They got top dollar for the home, but more importantly they took a huge burden off our family by getting things done. Nothing falls through the cracks with this team. I can’t imagine trusting them any more than I do.”

Some transactions are harder than most, but we’re here every step of the way to take care of any and all obstacles! If you’re thinking of selling, let us know and we can discuss how to assist you.

Jim & Donna Klinge
DRE 00873197 | 01889880

Last week, it looked like the July listings between La Jolla and Carlsbad weren’t going to reach 200 for the month. But there’s been a development! Today the count is 214 NSDCC listings for July. Last July, there were 295 listings.

So far, there have been 197 closed sales reported for last month, which means we should get to at least 210 sales once all sales are reported. Last year, we had 167 sales in July.

In spite of the lower inventory – or maybe because of it – sales have been strong.

See more: https://www.bubbleinfo.com/2026/08/03/inventory-watch-569/

Check out this weekend's open house report.

People don’t realize how fast the market has been moving. We talked about price creep where homes are selling for substantially more whether they have comps or not – and many times not. Many are all-cash buys too with no appraisal needed.

But I have evidence, and our new listing compares pretty good on paper as a new one-story (deserving 10% premium) with ADU and view. I show the comps in this video – take a look.

The streets in Terramar are Los Robles, Carlsbad Blvd., Tierra Del Oro, and Shore Drive.

Bubbleinfo TV August 2026 I got comps! The streets in Terramar are Los Robles, Carlsbad Blvd....

Check out our new luxury listing in Terramar! Open 12-2pm Saturday and Sunday - come see it out in person!

5065-67 Los Robles Drive, Carlsbad
4 beds, 4.5 baths, 3,040sf
$4,495,000

5065-67 Los Robles Carlsbad Our new listing of a terrific new 4br/4.5ba, 3,040sf single-story h...