Why Southern California Is Among the Hottest Real Estate Markets

Southern California

Realtor.com just released their list of the hottest real estate markets in the country for July 2017. Many cities in California are on this list. In fact, California makes up more than half of the top 20! This is great news for Southern California real estate investors. In this blog, we take a look at why Southern California is among the hottest real estate markets in the country.

Realtor.com’s Hottest Real Estate Markets List

Here’s the list from Realtor.com:

  1. Vallejo, CA
  2. Kenniwick, WA
  3. San Francisco, CA
  4. San jose, CA
  5. San Diego, CA
  6. Stockton, CA
  7. Columbus, OH
  8. Fort Wayne, IN
  9. Sacramento, CA
  10. Detroit, MI
  11. Dallas, TX
  12. Colorado Springs, CO
  13. Yuba City, CA
  14. Fresno, CA
  15. Waco, TX
  16. Modesta, CA
  17. Denver, CO
  18. Ann Arbor, MI
  19. Santa Cruze, CA
  20. Santa Rosa, CA

Why Southern California is Among the Hottest Real Estate Markets

We’ve written about the hot real estate market in Southern California before. Why does it continue to be in demand? First, Southern California weather is ideal for many. Who doesn’t like warm weather year-round? Secondly, the area is known for its many great companies. Technology is a booming industry and many technology companies are located in SoCal. These companies attract new residents from across the country. Prices are high in major metropolitan areas, so the demand for homes in surrounding communities continue to rise. Lastly, like many areas throughout the country, inventory is low in Southern California (relative to demand). Thus, home prices are driven upward as buyers to compete for few listings.

Real Estate Investors Rejoice

Most people think that a down market is best for fixing and flipping properties, but experienced Southern California real estate investors know that a hot market is much more beneficial. Investors don’t really compete for the same type of listings as typical buyers would purchase, therefore a hot market doesn’t severely impact the selection of fix-and-flip properties. It does, however, greatly impact the return on investment when investors go to resell properties.

It’s truly not surprising to those of us who live and work in Southern California that it is among the hottest real estate markets. This latest ranking is merely confirmation that opportunity abounds in SoCal. If you weren’t sure whether to invest in California real estate, you may be missing out on some great returns. Contact us to learn more about how you can take advantage of this hot market. With our real estate investment partnerships, you don’t need any investing or real estate experience. We take care of the hard work for you.