The Top Place to Buy a Home in California is Hawthorne

San Francisco and San Jose are two of California’s most popular cities , but that doesn’t make them the best places to buy a home .

Financial website GOBankingRates recently conducted a study to find “the best place to buy a home in every state based on the quality of the area and what sort of value you can expect based on the local housing market.” The study used data from real-estate websites Zillow and AreaVibes.

Researchers analyzed each state using five metrics: livability (measuring factors such as amenities, employment and education); median home listing price; median home value; home value forecast (gauging the “return you can expect on your money”); and buyer-seller index (a score that determines “whether the current market favors people looking for housing or looking to sell ” relative to other towns in that same metro area).

Based on the results, the top place to buy a home in California is Hawthorne, a city in Los Angeles County that’s home to Elon Musk’s Tesla, SpaceX and Boring Company.

Livability score: 70
Home value forecast: 6.7 percent
Buyer-seller index: 0.11

And according to the most recent data available from Zillow, here’s what buyers can expect to pay:

Median listing price: $648,944
Median home value: $647,700

“Although spending in excess of $600,000 on a home might seem absurd for many people,” says GOBankingRates, “if that home value forecast proves accurate, you’ll make over $40,000 on your purchase in just the first year.”

As the site adds, “high costs and higher growth in home values are just part of what makes real estate in California unique.”

While home values in Hawthorne are up more than 9 percent over the past year, reports Zillow, they’re still pretty inexpensive compared to other cities in the Golden State. In San Francisco, the median home value is well over $1.3 million . In San Jose, it’s more than $1 million .

“Where you buy matters almost as much as what you buy when it comes to shopping for a house,” says GOBankingRates.

So, if you can, the site suggests, be open-minded about location: “Although most of the decisions you have to make about where you live are out of your control, when you do have the flexibility to expand your search, it’s important to remember that finding the best market can often mean getting more house for your dollar.”

If you’re looking to buy a home, experts suggest you first make sure you’re ready to transition from renting . And no matter where you may decide to settle down, living within your means and employing common-sense budgeting tactics can help you save in the long run.

Source: https://www.areavibes.com/hawthorne-ca/livability

About the Author

What sets you apart from the competition?

“I love real estate! It is both my profession and hobby, and I am constantly studying my market space and new strategies to keep ahead. I offer my clients personalized service based on integrity backed up by a track record of success. I bring a great balance of creative and analytical skill sets while applying an intuitive and assertive approach, as each opportunity is unique.”

How did you become so good at what you do?

“Since I was a child growing up in El Segundo, I was naturally drawn to the changing built environment. I was fascinated by new construction and how over the years certain areas transitioned more quickly than others. Once I decided real estate was my calling, I already had a jump-start on the Westside and South Bay markets. By furthering my education with a boots-on-theground approach, I have become an expert in my field.”

How did you become so good at what you do?

“Since I was a child growing up in El Segundo, I was naturally drawn to the changing built environment. I was fascinated by new construction and how over the years certain areas transitioned more quickly than others. Once I decided real estate was my calling, I already had a jump-start on the Westside and South Bay markets. By furthering my education with a boots-on-theground approach, I have become an expert in my field.”

Real estate is highly competitive; how do you maintain a code of ethics?

“Disclosure is non-negotiable. Transparency is vital. In this highly competitive, saturated market the temptation to make a deal may give way to compromises by some agents. I am keen on building relationships that support future recommendations and referrals. I am only as credible as my last deal, so my ethical standing is all I have at the end of each day.”

What has been the highlight of your career so far?

“The relationships I have built with so many great people over these past 12 years. Great relationships have forged the trust needed to grow into additional business and investment opportunities. These in turn have resulted in a growing network of valued clients.”

How do you manage volatility in the market?

“Are you buying a home to live in or investing in residential or commercial property? Each class of real estate offers different methods to reach your goal. I provide added value to my clients by helping them define their goals, protect their interests and meeting— if not exceeding—their expectations. Each transaction requires being well-versed in the particulars that drive the deal.”