Real Estate Prices Soar During The Pandemic
Home prices have soared across the country since the pandemic, and across California, home prices are up by almost 20%. The Central Coast, a tight housing market to begin with, has been squeezed even tighter with prices up an average of 25%.
Fleeing more densely populated areas like San Francisco and Los Angeles, homebuyers are flooding markets from Redding to the Central Valley in search of bigger floor plans, lots and access to the outdoors.
Realtors say their clients are prepared to bargain fiercely for a home, even coming in above asking price with an all-cash offer — which is often made possible by selling homes in pricey regions on their way out.