Real Estate Investment in Callifornia
California is always different, somehow always better or worse than the rest of the country.
Callifornia is always better to investment in real estate too.
There’s no state like California when it comes to real estate.
Cities like San Francisco and San Jose boast median home prices in excess of $1 million — and that’s the median price,
not the average price (which would can be pulled up by a few very expensive homes).
Indeed, the number of homes you could buy elsewhere for the price of a California home is staggering.
Why Invest in California?
Despite its reputation for pricey real estate, the Golden State offers a spectrum of opportunities for investors who want to get into single family real estate investing.
For investors who want to capture returns from rising home values, California has strong momentum.
In April 2018, the median sale price of single family homes was $584,460, a 3.5% increase from the year before. Sale prices for condominiums and townhouses also continued a steady rise, reaching a median of $476,010, an increase of 9.1% from the year before.
Which California Cities offer the Best Property Investment?
Looking for the best cities and communities to invest in properties in California in 2019? California offers the widest variety and highest potential rental returns
However, the best property really depends on whether you’re looking to live in your investment, fix and flip, or use it as a long term rental or short term Airbnb type rental property.