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Market Update | Jan 07
Jon Granston | January 7, 2025
Jon Granston | January 7, 2025
Top Headlines: Delivered by Granston Group
January 07, 2025
01 Rising Home Prices: San Diego’s housing market continues to experience price increases, with home prices rising more than the national rate. As of November 2024, the median home price in San Diego was approximately $930,000, reflecting a 3.1% increase compared to the previous year. Despite these rising prices, local real estate agents note market stability and anticipate more opportunities for buyers in 2025.
03 Affordable Housing Task Force: The City of Encinitas is accepting applications for its Affordable Housing Task Force, aiming to address housing affordability challenges in the community.
04 Billionaire Darwin Deason has listed his opulent estate, “The Sandcastle,” perched above La Jolla Bay, for $108 million. Inspired by the grandeur of Versailles and the elegance of the Hotel du Cap-Eden-Roc, the approximately 13,000-square-foot mansion features Old World European design elements, including marble floors and gold accents. If sold at this price, it would set a new real estate record in San Diego County.
Listed by our Compass S&E colleague, Brett Dickinson.
05 Encinitas continues to host various community events and is seeing developments in local infrastructure and public safety initiatives. Residents are encouraged to participate in community meetings and stay informed about upcoming projects that may affect the area.
06 Real estate investors have identified San Diego as one of the top five U.S. cities to consider for home purchases before potential price surges. Despite its high median home price, the city’s thriving market suggests further price increases, making it a prime location for investment.
