HOT LINE: 415 240 34 82Despite 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. With dramatic beaches, four-season recreational opportunities, sparkling cities, an energetic culture, and a growing population, California is a land of opportunity for many. Its robust, diversified economy is grounded in technology, entertainment, innovation and business services, supporting strong, consistent interest by renters, aspiring homeowners, and active home buyers.
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.
And, houses sell quickly: the median time on market was only 15 days.
Real estate investors in California are aligning with the eighth-largest economy in the world, at over $2.2 trillion. (If California was a country, it would rank just below Brazil and just above Russia.)
