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An area stretching from the eastern outskirts of Sacramento, Calif. To the southern half of Lake Tahoe has become the destination of choice for city residents looking to relocate permanently during the coronavirus pandemic, according to a new one. Redfin report.
While El Dorado County in California has been considered the # 1 place to settle, Redfin has discovered a host of popular second home destinations that become full-time residences for homebuyers, often city dwellers who are increasingly fleeing to neighboring cities to overcome the growing pandemic with a little more space.
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Many of these popular destinations include the Jersey Shore; Cape Cod, Massachusetts; Lake Tahoe, Nev .; and Bend, Ore., according to an analysis by Redfin.com.
According to the report, most of the outside buyers looking in Sacramento were residents of San Francisco.
The second place is Deschutes County, Oregon, located about four hours southeast of Portland. The area provides access to the vacation towns of Sunriver and Bend, which attract hikers, bikers, fishermen, skiers and snowboarders, according to local Redfin real estate agent Angelica Webb.
Webb said those buyers, many of whom have moved without even setting foot in the area, “want to get out of their cramped apartments in San Francisco or Seattle.”
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“We’ve always described Bend as a side town, but now we see it evolving into a place where more people are living full time because they don’t have to go to the office anymore,” said Webb. “We’re joking that it’s becoming a ‘Zoom City’.”
The East Coasters find permanent accommodation on the Jersey Shore. Ocean County, Monmouth County and Cape May County, all of which are part of the Jersey Shore area, have become hot spots for families looking to flee New York City.
For New Yorkers, this can be a tantalizing change, according to Redfin’s local real estate agent Anthony Gonzalez.
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“People from the city come to New Jersey with salaries in New York, and they can get a good deal here even though the competition is fierce,” he said. “One of my buyers recently lost a house because another bidder paid $ 75,000 more than asking price.”
Redfin’s ranking is based on the year-over-year change in house prices, house sales, the share of homes that sold above their list price, the speed of sales of homes and researched on Redfin.com.
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