If you’re considering buying and / or selling a home in the near future, it is important to first have a good understanding of the population trends in the area (or areas), as that can have a big impact on the price of the property(ies), as well as how fast you may be able to close the deal.
For instance, according to a recent study on 2019 real estate trends in the U.S. and Canada, population growth in the Western United States is anticipated to be the same as, or more than – and in some areas twice that – of the national population growth rate in 2019. Likewise, the rate of employment growth in the Pacific region markets over the next fie years is also projected to exceed the national average. This can be positive news.
With that in mind, areas like San Jose, San Francisco, and Oakland could ultimately benefit from the higher costs in other neighboring markets, particularly as they see businesses and individuals moving from higher cost areas into these more affordable markets.
But, before you move forward with the purchase or sale of a home, be sure that you have an experienced real estate agent on your side. This can not only help you to find the right home and / or buyer, but can also ensure that you are able to conduct the entire transaction as seamlessly and stress-free as possible.
We specialize in properties located in the areas of Ventura County and Bakersfield, California, and we can provide you with in-depth details on the market demographics there, as well as information on comparable properties that were recently listed and sold. So, when you’re ready to move forward, Contact Us and we’ll create a custom home buying and selling plan for you.