If they’re not from Bakersfield, your new neighbors are likely ex Angelenos, glad to be here.
New data shows what the local real estate agents have long understood: The vast majority of people considering moving to Bakersfield – around a 6: 1 lead – are from LA
Numbers from the first five months of this year suggest Bakersfield is the second largest destination after San Diego for people planning to move out of LA
Local experts say the main reason remains the affordability of housing. But they also point to something new that may attract even more Angelenos: the increase in working from home during quarantine.
Three real estate agents Sheri Anthes works with recently sold homes in Bakersfield to people leaving LA. She said all three buyers had just learned that they could keep their jobs while working elsewhere from home.
The vice president of operations at Coldwell Banker in Bakersfield said there are reports of people having a miserable quarantine time in the LA crowd and that some buyers heading north have been willing to pay above list price.
Bakersfield Realtor Jeanne Radsick, president of the California Association of Realtors, said people from an area who used to look down on Bakersfield are now taking a closer look because there is something to do locally and prices are falling.
“These people are paying $ 900,000 for a 1,200-square-foot home that was built in the 1940s and 50s,” she said, adding that properties that match that description in Bakersfield for $ 170,000 or $ 180,000 are found.
What was not immediately available in the new data was a comparison with previous years. Still, the numbers show that Bakersfield has become a preferred destination for people looking to move out of Los Angeles.
The home rental website Zumper released data Thursday showing that 1 in 3 people who looked for housing in Bakersfield during the first five months of this year were from the Los Angeles area.
The Sacramento area was the next with 1 in 20 residents looking for Bakersfield rentals, followed by Las Vegas, the Bay Area, and San Diego in that order.
On the other side of the equation, the list of places people in Bakersfield considered moving was headed by the Sacramento area, where roughly one in twenty residents wanted to move, followed by Los Angeles, Fresno, and Reno, Nev.
Bakersfield didn’t make the top 25 cities whose residents wanted to move to Los Angeles.
The website also reports that Bakersfield was the second largest travel destination for people considering leaving Los Angeles over the same period. Only San Diego, with 13 percent of the most recent out-of-town housing searches, beat Bakersfields 4 percent.
Other recent data shows the large difference in housing affordability between Bakersfield and Los Angeles.
This month, the online real estate market RealtyHop named Bakersfield the fifth cheapest housing market in the country. Bakersfield’s average family was said to only have to pay $ 1,094 a month – just over a fifth of their income – to own a home in town.
But in Los Angeles, listed on the same report as the country’s least affordable housing market, the average family would have to pay nearly 93 percent of their household income to cover the cost of owning a home in the city.