Steve Brant's Monthly Property Primer

Premier Knowledge. Informed Choices.
June 2025 Edition

A Personal Hello from Steve

I’m Steve Brant, your trusted real estate advisor with a pulse on the high-end markets of California and Florida. This month, we’re seeing an intriguing mix: inventory is rising in San Diego — up over 25% — offering fresh options for discerning buyers, while median prices are holding steady across Palm Beach and Broward despite a notable dip in closed sales. The message? Quality homes still command attention, but timing and strategy are everything. In this issue, we’ll touch on the trends shaping this summer — and why the current shift could work to your advantage.

Property Spotlight – 2286 6th Ave.

Bankers Hill’s Best-Kept Secret: Your Private Rooftop Above It All

Step into your own private rooftop lounge at 2286 6th Ave—an exclusive entertainment space with front-row views of San Diego’s finest. From this elevated vantage point, you’ll take in sweeping panoramas of the Bay, Coronado, and Point Loma, with planes gracefully landing at Lindbergh Field in the distance. Turn around and the iconic greenery of Balboa Park stretches out before you. This isn’t just a view—it’s your personal piece of the sky in Bankers Hill.

Featured Video: Watch how a run-down property became a bidding war success story.

In this video, I take you inside 222 W. 8th Ave—a fixer-upper that we strategically prepared for market and launched with OFFER1’s auction-style offer platform. You’ll see how smart preparation, clean presentation, and the right tech turned a distressed listing into a hot commodity, generating multiple offers and fierce buyer competition. If you’re thinking about selling—or just curious how to turn flaws into leverage—this is a must-watch.

Market Trends – May 2025 Snapshot

Keeping you informed on local trends is our priority—savvy homeowners value this info. Here’s a quick snapshot of the real estate markets in California and East Coast Florida this month:

San Diego County, CA

Flat Prices, Building Inventory: Median prices saw modest gains (+0.9% for detached, +1.1% for attached), but inventory surged — up 25.6% for detached and 49.8% for attached.
Buyer Leverage Growing: Closed sales declined (-6.9% detached, -14% attached), while time on market lengthened (+11.1% to 30 days detached, +37% to 37 days attached). Sellers are getting about 98.7% of asking price, down from previous highs.
Affordability Remains a Strain: The Housing Affordability Index is stuck at 25 for detached homes, one of the lowest in the nation

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Broward County, FL

Sales Slow, Inventory Surges: Closed sales plunged 23.8% year-over-year, while inventory soared 35.1%, pushing the months of supply to 7.6 — up 77.4%. The market is clearly shifting toward buyers.
Home Values Up Slightly: The median sales price increased 4.2% to $469,000. However, sellers are receiving less of their original asking price (down to 90.9%), signaling more negotiation power for buyers.
Listings & Demand Down: New listings fell 10.4%, and pending sales dropped 10.4%, further indicating softening buyer activity.

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Palm Beach County, FL

Moderate Cooling: Closed sales declined 14.5%, and pending sales slipped 4.1%. Inventory grew 24.5%, raising months of supply to 6.1 months.
Prices Hold: The median sales price ticked up 3% to $520,000. However, days on market rose sharply to 89 days, and sellers are accepting only 89.7% of original list price — both signs of softening conditions.
Luxury Lift: The average sales price jumped 10.8%, suggesting strength in the high-end market even as overall demand ebbs.

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Prime Florida Listing in the Keys Coming to Market

Ahoy, matey! Set your sights on 219 Anglers Dr, South Marathon, FL—a true pirate’s paradise in the heart of the Florida Keys. This 6-bedroom, 6-bathroom mansion, sprawling over 4,749 square feet, is your very own captain’s quarters, ready for you to command the high seas of luxury living.

As you enter through the grand lobby, you’ll feel like you’re boarding a ship of dreams, with an elevator whisking you up to three decks of opulence. The great room, with its vaulted ceilings and majestic fireplace, is the perfect place to plot your next adventure or recount tales of your exploits over a glass of rum. With 8 balconies, each offering panoramic views of the azure waters, you can keep a watchful eye on your domain or simply bask in the tropical breeze.

The master suite, fit for a pirate king, boasts two balconies, a walk-in closet, and a dressing room, ensuring you’re always ready for whatever the day (or night) brings. For those moments when you’re not out pillaging the seas, the fully equipped theater lets you immerse yourself in swashbuckling stories, while the exercise room keeps you shipshape for your next voyage.

But the real treasure lies outside: a private boat dock with a 100’ slip, a 12,000 lb lift, and all the amenities a seafarer could desire. Here, you can moor your vessel and set sail to explore the hidden coves and secret islands that dot the Florida Keys, where the waters are teeming with fish and the reefs hold untold riches.

Let’s Connect – Your Questions Answered & Consultation

We love hearing from you. Have a question about the market or the buying/selling process? Reply with your questions, and you might see it answered in next month’s newsletter. If you’re feeling ready to make a move, let’s chat.

Schedule a free consultation at your convenience—we’re here to offer personalized advice and white-glove service for all your real estate needs.

Book Your One-on-One Meeting Below or give us a call at 858.692.8586

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