When Does California Land Increase In Value?

What happens when you own land-southern-california/land-for-sale-southern-california.shtml>California land and the population around it rises? It means new jobs are coming into the area. What else? Money is going into the local economy. New infrastructures are grabbing their blue suede shoes and jumping onto the real estate dance floor including business centers, manufacturing industries and energy plants. Surrounding California homes, schools, parks, hospitals, and shopping malls are blossoming! As the local economy expands recreational centers emerge such as golf courses and theatres. Artists then depict the convergence of old local customs and new city styles and guess what? You make money! Not only is being in the middle of this California land development exciting, but most importantly, you stand a good chance of making money on your land-for-sale">land for sale in California above what you paid.

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Simple supply and demand economics shows that the opposite holds true when people begin to leave an area. For example, when the devastative Hurricane Katrina swept through New Orleans, Louisiana, it caused the real estate market there to crash because everyone had to flee.

Knowledge of population patterns is very important to buy land California and sell land California. The chart below shows how the total population of California has increased at an average rate of over 1% a year between 2001-2004.

California's growth rate of over 1.3% shows that more people are moving into California than are leaving. As a result, the price of land continues to rise everywhere. However, even if this ceased to continue there will always be certain areas where California land will increase in value.

Looking at Land Lots for Sale California by County Population Statistics 2001-2004:

The following chart below shows the population growth patterns for land-southern-california/land-for-sale-southern-california.shtml>land lots for sale California by the 20 biggest counties in the state:

Notice how Los Angeles county real estate dwarfs the other counties by the size of its population. Orange County real estate holds the second largest population size. Southern California real estate as a whole has 6 for 6 counties on the list of most populated counties in California, however 7-10 is dominated by counties in the Northern California real estate hemisphere, so they are right there too. The weather is what continues to be the deciding factor for people moving to Southern California.

The next chart below shows the population growth trends for the state of California by the top 20 fastest growing counties:

The noticable trend is that the counties closest to the real estate in Los Angeles County CA and the San Francisco Bay area experienced the most growth. Placer County and Riverside County real estate are the top two areas with the fastest population increases in recent years, growing at an average pace of about 5% a year. Both are adjacent to the major metroplis centers Los Angeles and San Francisco. Placer County is adjacent to the Bay area and Sacramento County CA. Riverside land CA is a stone's throw from Los Angeles County land. The top 3-5 spots (Madera County CA, Calaveras County CA, and San Joaquin CA) are also in Northern California farther out from the expensive San Francisco area. They enjoy an average growth rate of about 3%. The 6-7 spots still around 3% growth a year (San Bernardindo County CA real estate and Kern County real estate) are attached to the real estate borders. 12 of the 13 other California counties that grew the fastest were surprisingly in Northern California all close to the Bay area. Only Imperial County real estate near San Diego real estate in Southern California came in as a big surprise at an average annual growth rate of 1.99%.

The next chart below shows the population growth patterns for the state of California by the top 20 slowest growing counties:

The most noticable pattern is the exodus from San Francisco County CA real estate. "Your prices are killing me Larry!" That's because the average price of a home in San Francisco in 2006 was above $650,000. Out of all the counties in California, San Francisco had the worst population growth rate at negative 1%. Yet, I can vouch for those going to the county, because the views are spectacular in San Francisco and the people are great, they are very smart and stylishly astute. Stylishly.... hmmm Is that a word? Maybe it will be legit some day! Santa Barbara in Southern California also experienced a decrease in population size probably for the same reason as San Francisco, wow what a beautiful place Santa Barbara has become, and by the way it tops the list of the best luxury homes in California with the highest average sales price for California homes in the Southern California region at $1,190,000.