California suburbs growing fast as many are priced out of cities, data show

Source: Los Angeles Times, May 2, 2016

Suburban areas on the outskirts of the red-hot Los Angeles and San Francisco areas grew especially fast last year, state officials reported Monday.

San Joaquin County, home to Stockton, grew faster than any other, up 1.3% to 733,000 people. The area has become increasingly popular for people fleeing astronomical San Francisco Bay Area housing prices while remaining within commuting distance.

San Joaquin was followed by Yolo, Riverside and Santa Clara counties.

The fastest-growing city was Vernon, which grew a whopping 72% thanks to a new housing development that brought its population to 210.

Among cities with at least 30,000 people, the fastest-growing were concentrated primarily in the Inland Empire and Orange County: Porterville, Eastvale, Lake Forest, Beaumont and Lake Elsinore.

The number of new housing units in California declined last year for the first time since the start of the economic recovery, due mostly to wildfires that scorched more than 2,000 homes.

California’s housing supply rose by 67,110 units last year, compared with an increase of 69,435 units in 2014. Demographers at the California Department of Finance say the number of new units would have been about equal to the year before if the destructive wildfires in Lake and Calaveras counties had not hit.

Of the new units created, just over half were multi-family dwellings such as apartments and condominiums. Los Angeles, the state’s largest city, saw the most growth in housing, with 12,224 new units. It was followed by San Francisco with nearly 2,900, San Jose with just over 2,000 and San Diego with about 1,750.

The housing hit came as California’s population grew to 39.1 million last year, an increase of 348,000 people, just under 1%.

Most of the state’s 482 cities saw population gains, but 44 cities shrank and one — tiny Tehama, population 431 — was unchanged.

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Fleeing the Cities to the Suburbs

rachel and anna
Me with Rachel, one of our recent Exclusive Buyer Clients

Fleeing to the ‘burbs isn’t just for the Gen X-ers. Forward-thinking millennials are doing the same thing.

Yes, the “Selfie Generation” may be known as slackers, but not all of them are. See here Ms. Rachel, a 20-something attorney who moved from the expensive peninsula to the East Bay. Rachel and her fiance bought a home right down the street from me, in fact. We’ve become drinking buddies, semi-workout buddies, and both of our SOs are Mariners and Seahawks fans.

Back to the topic at hand. Here is what Rachel said about her reasons for moving:

“Moving from the peninsula to the East Bay (Hayward) was a great decision. We have shifted from unnecessarily expensive to reasonably affordable; From bland and cookie cutter to diverse and cultural; From a bubble about to burst to the next wave of growth and exciting potential.”

Side Note: Women are starting to rule the world. Our Significant Others are watching the Mariners game on TV right now…or something equally juvenile. Sorry guys, she’s taken.

 

 

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Meet Phil! Does he look pouty?

Here’s “Phil”! This 12-year old sweetheart’s mom is selling their long-time home at 2828 Eastman Avenue in Oakland‘s Allendale district.

Phil
Phil, 12, is not included

When the sale closes, Realty World Neighbors will make a donation in Phil’s honor to Bad Rap, where he was trained when he was a youngster…

A home is not a home without a dog!

 

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