There are more people leaving the San Diego metro area than are moving into the area, and it’s incredible to see how both lists have virtually all the same towns. No Nashville, no Florida, and no Carolinas either!
It’s interesting that no one wants to move to Ventura, but hundreds of them are coming this way!
The areas are similar:
https://en.wikipedia.org/wiki/Ventura,_California
(hat tip to John at Compass-owned Chartwell Escrow for providing this information)
New construction home supply is almost triple that of existing home supply as those who own a home stay married to their lower rates. (or more accurately they are priced in)
The overall US home inventory has risen notably in the past few months while still less than half that of what was for sale in 2008 when the US had a population of around 304 million….today the population has jumped to almost 342 million (+12.5%).
I was curious about move-ins/move-outs between SD metro and cities in other states where I have family. Seattle and Chicago were virtually a wash with approximately the same number of people moving both to and from the SD area. We just exchanged bodies.
Phoenix (as proxy for AZ in general) surprised me with 908 coming to SD from there, but 1518 moved from SD to Phoenix! I can’t imagine doing that unless it all happened between October and April. Moving to Phoenix at this time of year doesn’t seem desirable – unless you’re an HVAC specialist!
Yes, in the fine print it said the data was from April, 2024.
Anyone who moves there during summer just tunrs around and comes right back!
The better comparison is https://en.wikipedia.org/wiki/Ventura_County,_California versus just the City of San Buena Ventura (that you link above). SD Metro population 3.2m. Ventura County 0.83m.
Regardless. There’s a lot of shuffling in the biotech industry. I suspect that explains a good portion of the SF/SD/VenCo/Bos exchanges.
I honestly don’t understand moving out of SD to Riverside/Los Angeles/Orange counties.
The lack of SD to VenCo probably has more to do with the severe lack of supply in Ventura County.