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Real Estate Prices Soar During Pandemic, Climbing 25% In Parts Of California Wednesday, December 9, 2020 | Sacramento, CA
In this Feb. 18, 2020 file photo a real estate sign is shown in front of a home for sale in San Francisco.
AP Photo/Jeff Chiu, File
Today, that would be extremely unlikely.
The price of real estate has soared across the country since the pandemic, and California isn’t immune. Across the state, home prices are up by almost 20% and the Central Coast, a tight housing market to begin with, has been squeezed even tighter with prices up an average of 25%.
Wealthier residents of San Francisco, San Jose and even Los Angeles are flooding markets from Redding to the Central Valley, hitting each suburb in between.