The analysts at Compass continue to compile interesting statistics regarding housing in the San Francisco Bay Area. The more I know and the better I understand trends, the better able I am to be a resource and help to my clients.
The figures below show recent inter-county migration trends based in the U.S. census "Flows Mapper" covering the period 2012-2016. I've included the 3 areas in which I work, San Francisco, San Mateo County and Santa Clara County.
Based on my experience and knowledge of where my own clients go and come from, I am not surprised. Much of the outflow to Alameda and Contra Costa counties I attribute to lower housing prices, while inflow to SF, SMC and SCC is due, in large part, to the robust jobs market in San Francisco and the Silicon Valley.
Lastly is a chart showing migration to the Bay Area from other areas of California, the United States and internationally. As the chart shows, while more people are moving out of the Bay Area than moving in domestically, foreign immigration results in a positive net inflow. The need for housing is not diminishing.
(Cover photo courtesy of Daiwei Lu on Unsplash)
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