For many people, Sacramento has been a place to call home and for those of us that have had the pleasure to call Sacramento home, we know what it has to offer and why we love to live here. In the last couple of years there has been a growing trend of people relocating to the greater Sacramento area. Each surrounding area, Sacramento County, Placer County and El Dorado County have their attractive qualities.
You might wonder where are people coming from, why are they leaving the area they currently reside in, and what are they searching for?
The Bay Area, San Francisco and Silicon Valley are just a few of the areas people are fleeing from. Why are they choosing Sacramento? The #1 reason, HOME PRICES! It’s no secret the areas I just mentioned have some record breaking, out of this world, skyrocketing home prices. It’s hard to think how so many people can afford the luxury of homeownership in these cities, but the reality is, a lot of people can’t or don’t want to.
Even with many six to seven figure jobs, it’s becoming even more difficult for families to invest in their future of purchasing a home. The National Association of Realtors reports that the average median priced home in the Silicon Valley is OVER one million dollars. In San Fransisco, the average median priced home is around $1,334,800 and has gone up around 10% in the past year with no sight of slowing down.
Now, we know the real estate market is booming all over, but the greater Sacramento area is still a much more affordable place to buy a home. Sacramento County’s average priced home is around $355,000. Placer County’s sit at around $484,500 and El Dorado County falls at bit higher at and average of $539,000. That is a SIGNIFICANT difference in affordability.
It makes sense as to why so many people are relocating to these surrounding areas, especially when the tech industry is so prominent in the Bay Area and Silicon Valley. Luckily, many in this industry have the ability to work remotely and/or from home, and even with a potential commute many have found it worth the drive to be able to live much more financially comfortable life.
The Sacramento area is also growing due to large tech companies making the move and relocating to the area, as well as adding new facilities.
Highlands Power, a company that manufactures electric motors, announced recently that they will be moving from the Bay Area to Sacramento. Amazon has added a new distribution and warehouse facility as well. Intel, Hewlett Packard, Apple and Aerojet are just an example of a few other companies who have major presence here.
With Sacramento being 1 ½ hours from the bay area, 1 ½ hours from Napa Valley and about 2 hours from Tahoe, we are in a great central location. With a growing community there is so much to offer and many ways to benefit by living here! The greater Sacramento, tri-county area has the perfect community for you. Are you ready?
Give me a call today and let’s start the search for your Dream Home!
by Shelby Block