Spotlight
Market Update | Feb 03
Jon Granston | March 28, 2025
Jon Granston | March 28, 2025
Top Headlines: Delivered by Granston Group | Leonard Steinberg
February 03, 2025
01 Overvaluation: Affordability continues to be a growing concern in various US markets. A recent report by the NY Post identified San Diego to Carlsbad as one of those housing markets. According to the report, average mortgage payments accounted for approximately 66% of per capita income.
(NY Post)
– Steve Jobs
03 Current Surf Forecast: As of Monday, February 3, 2025, the National Weather Service reports a moderate rip current risk along San Diego County beaches. Surf heights are expected to range from 1 to 3 feet, with sets reaching up to 4 feet on west-facing beaches. The water temperature is between 55 to 58 degrees Fahrenheit.
(Forecast.Weather.gov)
04 A study of suburban households in the US between 1985 and 2013 by the behavioural economist Clément Bellet suggests that housing satisfaction has remained the same over that period, despite the amount of space per person increasing by around 50%. In the same way that above a certain threshold, a bump in salary has no effect on happiness, moving to a bigger house once it is above a certain size doesn’t increase wellbeing. We tend to have a honeymoon period for the first year or so, then satisfaction decreases, before levelling out to where it was before the move.
(FT)
05 Del Mar Considers Relocating Train Tracks: Del Mar is evaluating a proposal to move its coastal train tracks inland to the Interstate 5 corridor, a project estimated at $4 billion. This initiative aims to address concerns over coastal erosion affecting the current tracks.
(San Diego Reader)
06 Aldea (La Jolla): Opened in mid-2024, Aldea occupies the former Mermaids and Cowboys space on Prospect Street. Founded by La Jolla native Steve Horowitz, Aldea offers a dining experience that reflects a deep connection to the local community.
(Ranch & Coast)
Jon Granston · Advisory San Diego · DRE #01876007 · (858) 252-0307
