Are California Homeowners really Downsizing, or...?

By
Real Estate Agent with HomeSmart Realty West & Lend Smart Mortgage, Llc. CA01938972, CA-DBO1483386
https://activerain.com/droplet/5m2j

For all the reasons below and many more, we have heard our sellers detail why they want to downsize.

 

Out of curiosity, are there any others that ‘pop’ into your mind?

Here in San Diego County, we have heard the following and not just for downsizing, but to leave the State entirely:

  1. Taxes are no longer reasonable
  2. Too many people resulting in too much road congestion and crime
  3. Desire to sell at the peak price
  4. Leaving the Country

 

And the list goes on!

 

Thinking of downsizing? 

 

Call us; we can help!!!

Posted by

Sandy Padula & Norm Padula, J.D., GRI
CA DRE# 00902455 &  CA DRE#01938972, FL Bkr# 3090255 & NMLS#1483386

Home Smart Realty West

Lend Smart Mortgage, Llc.

760.985.2055  Sandy
858.444.7060 & Norm

SDLuxHomes.com

PRESENCE ~ PERSISTENCE ~ PERSEVERANCE

 

 

 

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Brian England 01/23/2020 10:00 AM
Topic:
Real Estate Market Trends
Tags:
san diego luxury real estate agents
san diegos best realtors
san diego homes for sale
san diego offmarket homes for sale
san diego affordable homes for sale

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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Sandy and Norm these are all good reasons.  However, for me there is one other major one.  I have a Cape style house, and the stairs are going to become an issue at sometime in the future.  At that point a smaller single level house or condo will be the goal.

Jan 22, 2020 08:54 AM #1
Rainmaker
1,123,213
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

You mean add on to bring children and grand children back. They can not afford anything that is on the market.

Jan 22, 2020 09:09 AM #2
Rainmaker
3,858,690
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Norm(and Sandy too) - no statistical evidence but over the course of many years in real estate and on planet Earth, people seem to have many reasons to move. 

Downsizing/upsizing/right-sizing are among the many and then we can sort those into smaller groups.  In a course of a year(or even a neighborhood/area) we may find similarities but when it comes down to it:  People move because they can as well as move when they have a need.  

Jan 22, 2020 09:20 AM #3
Rainmaker
3,766,821
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

HI Norm and Sandy... all good reasons to downsize. But I'm also seeing empty nesters "upsize" to accommodate grandchildren who come to visit.

Jan 22, 2020 09:48 AM #4
Rainmaker
5,219,400
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Norm and Sandy,

I agree with Nina Hollander I have seen upsized for multi-generational as well as grandchildren.  The other reason are the state taxes are the highest.  Here in SB County a lot of industry like (Carl's Jr)  has moved to Idaho.  A

Jan 22, 2020 10:08 AM #5
Rainmaker
3,257,133
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

These are all great reasons for downsizing and our needs change throughout the course of our lives.

Jan 23, 2020 06:18 AM #6
Rainmaker
802,307
Andrea Bedard
Thompson Company, REALTORS® 240.593.2860 - Silver Spring, MD
Fluent in German and Real Estate * M.A. ABR ASP

"too much to handle" is the #1 reason I've come across by downsizing folks. Plus, wanting to have more convenience, less maintenance, and the amenities of active adult communities. 

We are seeing an uptick in multi-gen homes and sales in our area, too! I think both options are good, it just depends on life's circumstances and the specific family situation. My kids firmly maintain that I'll be living with them when I'm old ... so I have my future mapped out  

Jan 23, 2020 10:30 AM #7
Rainmaker
3,531,844
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Missed this great post thanks to Brian England  I am here, btw also miss the interactions we used to have... with that said to answer your question there are political reasons people leave CA:))Endre

Jan 23, 2020 10:28 PM #8
Rainmaker
3,531,844
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Yes indeed Norm I agree with your comment and great that you are busy, Endre

Jan 24, 2020 10:25 AM #9
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

LOL I see that Endre left the same comment here that I just left on Brian's post - OOPS! You missed one - whackadoodle politics in CA! Ha!

Seriously, all great reasons to downsize, Norm. Just pulling your chain! Love the infographic too.

Jan 25, 2020 08:25 AM #10
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Sandy Padula and Norm Padula, JD, GRI

Presence, Persistence & Perseverance
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