• Tue. Apr 13th, 2021

Coming or going? Real estate surveys paint mixed portrait about migration in California

Recent surveys are painting very different pictures of who’s coming and who’s leaving California during the pandemic.Data released by Redfin found Sacramento to be the nation’s most popular spot for people to relocate into from another area.At the same time, a survey of U-Haul customers found California leading all states in the number of one-way U-Haul trucks leaving their state.Tim Klotz is a realtor with Keller Williams Realty who has specialized in the Bay Area and Sacramento regions for over two decades. He said both surveys are painting an accurate picture for similar reasons.”One big difference between the normal ups and downs of the market is the role the pandemic and quarantine is having on the mindset of those in the market. It’s really interesting,” Klotz said. That mindset is motivating many Bay Area residents to take advantage of remote work opportunities to leave the traffic and high cost of living in the Bay in exchange for a better quality of life elsewhere, Klotz said.”They are saying, ‘Nope. If I can work from home and do it from Sacramento or the valley, then I’m not going to fight traffic,'” Klotz said.However, he said the same motivating factors behind the migration from the Bay Area are also motivating residents throughout the state to move out of state.Overall, nearly 200,000 more people left California than moved in during the past summer, according to data from the California Department of Finance.Other top spots for relocations, according to Redfin, include Phoenix; Austin, Texas; and Las Vegas.

Recent surveys are painting very different pictures of who’s coming and who’s leaving California during the pandemic.

Data released by Redfin found Sacramento to be the nation’s most popular spot for people to relocate into from another area.

At the same time, a survey of U-Haul customers found California leading all states in the number of one-way U-Haul trucks leaving their state.

Tim Klotz is a realtor with Keller Williams Realty who has specialized in the Bay Area and Sacramento regions for over two decades. He said both surveys are painting an accurate picture for similar reasons.

“One big difference between the normal ups and downs of the market is the role the pandemic and quarantine is having on the mindset of those in the market. It’s really interesting,” Klotz said.

That mindset is motivating many Bay Area residents to take advantage of remote work opportunities to leave the traffic and high cost of living in the Bay in exchange for a better quality of life elsewhere, Klotz said.

“They are saying, ‘Nope. If I can work from home and do it from Sacramento or the valley, then I’m not going to fight traffic,'” Klotz said.

However, he said the same motivating factors behind the migration from the Bay Area are also motivating residents throughout the state to move out of state.

Overall, nearly 200,000 more people left California than moved in during the past summer, according to data from the California Department of Finance.

Other top spots for relocations, according to Redfin, include Phoenix; Austin, Texas; and Las Vegas.