When does California land value increase?
What happens when you own land in California and the population around it increases? It means that new jobs are coming to the area. What else? Money is pouring into the local economy. New infrastructure is grabbing its blue suede shoes and jumping onto the real estate dance floor, including business centers, manufacturing industries, and power plants. Homes, schools, parks, hospitals, and shopping centers around California are flourishing! As the local economy expands, recreational centers like golf courses and theaters spring up. The artists then represent the convergence of old local customs and the new styles of the city and guess what? You earn money! Not only is it exciting to be in the middle of this California real estate development, but more importantly, you have a good chance of making more money on your California land for sale than you paid for it.
The simple economics of supply and demand shows that the opposite is true when people start to leave an area. For example, when the devastating Hurricane Katrina ripped through New Orleans, Louisiana, it caused the housing market to crash because everyone had to flee.
Knowledge of population patterns is very important for buying land in California and selling land in California. The chart below shows how California’s total population has increased at an average rate of more than 1% per year between 2001 and 2004.
Looking at California land for sale lots by county population statistics 2001-2004, the growth patterns of the California land for sale population by the 20 largest counties in the state show how real estate in California county Los Angeles dwarfs the other counties in population size. Orange County’s real estate sector has the second largest population size. Southern California real estate [http://www.southerncaliforniarealestateagent.com] as a whole it has 6 of 6 counties on the list of most populous counties in California, however 7-10 is dominated by counties in the Northern California real estate hemisphere, so those are there as well. Weather is still the deciding factor for people moving to Southern California.
The population growth trends for the state of California by the 20 fastest growing counties are as follows: The notable trend is that the counties closest to real estate in Los Angeles County CA and the area of the San Francisco Bay experienced the greatest growth. Placer County and Riverside County real estate are the two major areas with the fastest population increases in recent years, growing at an average rate of about 5% per year. Both are adjacent to the major metropolitan centers of Los Angeles and San Francisco. Placer County is adjacent to the Bay Area and Sacramento County, CA. Riverside land CA is a stone’s throw from Los Angeles County land. The top 3-5 spots (Madera County CA, Calaveras County CA, and San Joaquin CA) are also in Northern California, further away from the expensive San Francisco area. They enjoy an average growth rate of around 3%. The 6-7 locations that still have 3% annual growth (San Bernardindo CA real estate and Kern County real estate) are attached to the
The patterns of population growth for the state of California by the 20 slowest growing counties are as follows: the most notable pattern is the exodus of real estate in San Francisco County CA. “Your prices are killing me, Larry!” That’s because the median home price in San Francisco in 2006 was over $650,000. Of all the counties in California, San Francisco had the worst population growth rate at negative 1%. I can vouch for those who go to the county though, because the views are spectacular in San Francisco and the people are great, they are very smart and stylishly savvy. Stylish…. hmmm Is that a word? Maybe it will be legit one day! Santa Barbara in Southern California also experienced a decline in population size, probably for the same reason as San Francisco, what a beautiful place Santa Barbara has become and, by the way, tops the list of most expensive homes in sale in California. [http://www.southerncaliforniarealestateagent.com/southern-california-homes/southern-california-homes.shtml] with the highest median sales price for California homes in the Southern California region at $1,190,000.