These 3 Californian cities have the hottest real estate in the US, according to this ranking – Orange County Register
“Poll Says” examines various rankings and scorecards judging geographic locations while noting that these ratings are best viewed as a mix of art and data.
Buzz: California has claimed the top three cities on a national scorecard of “hottest” places in real estate.
Source: Zillow ranked neighborhoods in the top 100 metropolitan areas in several categories – I looked at the top 10 on the list of all cities, vacation spots, and college towns. These rankings took into account measures of real estate popularity (such as the number of searches on Zillow) and demand (housing data such as inventory and price appreciation).
Best cities overall: South Lake Tahoe, Calabasas and Malibu lead the standings. Granite Bay was # 7. The rest of the Top 10: East Grand Rapids, Michigan, Evergreen, Colorado, Jenkintown, Pennsylvania, Lavallette, Southlake, Texas and Las Vegas.
Best vacation spots: California also took first place with South Lake Tahoe, and three towns in the San Bernardino Mountains made it to the Top 10 for “hottest” places: Big Bear Lake had the third highest score in this ranking; Lake Arrowhead was # 4 and Crestline was 8th.
Lavallette from the Jersey Shore was 2nd best. The remainder of the Top 10 was completed by Florida: Holmes Beach (5), Bonita Springs (6), Saint James City (7), Siesta Key (9) and Fort Myers Beach (10).
The best university towns: Claremont, which is home to five small schools, was ranked second in college, behind Tempe (Arizona State). The rest of the Top 10 was No.3 Narragansett, RI (University of Rhode Island); then Provo, Utah (Brigham Young); Cambridge, Mass. (Harvard, MIT); Kettering, Ohio (Kettering College); Willimantic, Connecticut (State of Eastern Connecticut); Edwardsville, Illinois (southern Illinois); River Falls, Wisc. (Wisconsin River Falls); and Druid Hills, Ga (Emory).
Let me note that California has nine metropolitan areas on the list of the 100 most populous, according to census data. Their 33 million inhabitants in total represent 15% of the combined population of these major American regions.
Want to know one of the main reasons California prices are so high? Obviously, some people are considering buying in more than a few parts of the state, whether it’s an intra-state purchase or a move across state lines.
“Those who can now work remotely, at least occasionally, are exploring new opportunities in areas that offer relatively affordable prices and year-round outdoor living,” says Amanda Pendleton of Zillow.
Jonathan Lansner is the business columnist for the Southern California News Group. He can be contacted at [email protected]