Spotlight

Market Update | May 12

Jon Granston | May 12, 2025

Main photo by: Matthew Stephenson

Filtering through this weeks headlines...

Top Headlines: Delivered by A | Leonard Steinberg

May 12, 2025

01 A Season of Possibility. Spring is in full bloom, and so is the real estate market in San Diego through North County. From coastal escapes to hillside retreats, buyers are still drawn to the lifestyle, the light, and the laid-back energy that defines our region. Inventory remains competitive, but opportunities are out there—and they’re worth the wait. May is a great time to get ahead of summer activity and find your place in the sun.

02 All our dreams can come true, if we have the courage to pursue them.

– Walt Disney

03 La Jolla Half Marathon & Shores 5K

When: Saturday, May 17

Participate in one of America’s most scenic races, starting at the Del Mar Fairgrounds and finishing at La Jolla Cove. Choose between the challenging half marathon or the mostly downhill 5K.

La Jolla Half Marathon

04 Surf picks up to 3–4+ feet with a mix of WNW and SW swells. Winds are variable, starting light in the morning and increasing to 10 mph by afternoon, leading to choppier conditions later in the day.

(Surfline)

05 Office demand in New York is back at levels not seen since before the pandemic. In the first quarter, businesses leased 7.9 million square feet of office space in Manhattan, well ahead of the 5-year quarterly average of 5 million square feet.

(WSJ)

06 Some Americans buying homes in other parts of the world are doing so to diversify their real estate portfolios, the way they do their investment portfolios, not concentrating all risk in the US.

(FT)

07 Barra Oliba in Little Italy brings a bold, health-conscious twist to Spanish cuisine. From patatas bravas to Galician-style octopus and dry-aged seafood, every dish is crafted with clean ingredients—no seed oils, only EVOO and traditional fats. Sip on natural Spanish wines, sangria, and caña beers in a cozy, Euro-style space. Open Wed–Sun.

Barra Oliba