“ Location , location , location .”
Harold Samuel
The Priciest California Counties by Region
Let ’ s take a look below at recent county price trends for California to better understand how high median home prices have risen so high . For January 2021 , the California Association of Realtors ( CAR ) reported the following most expensive median prices for these Southern California regions :
Southern California Counties
# 1 Orange : $ 971,000 # 2 Ventura : $ 776,000 # 3 San Diego : $ 730,000 # 4 Los Angeles : $ 697,660 # 5 Riverside : $ 495,500 # 6 San Bernardino : $ 390,000
Central Coast Counties
# 1 Santa Cruz : $ 1,100,000 # 2 Santa Barbara : $ 920,000 # 3 Monterey : $ 860,000 # 4 San Luis Obispo : $ 698,000
Bay Area Counties
California ’ s Top 5 Global Economy
By 2018 , California had surpassed the United Kingdom as the 5th largest economy in the world if it were listed as a separate nation . The fact that London , and the rest of the United Kingdom , is one of the most powerful , wealthiest , and historic regions in world history and is behind the Golden State in terms of economic size is quite impressive .
Listed below are the Top 10 largest world economies :
1 . United States $ 19.391 trillion 2 . China $ 12.015 trillion 3 . Japan $ 4.872 trillion 4 . Germany $ 3.685 trillion 5 . California $ 2.747 trillion 6 . United Kingdom $ 2.625 trillion 7 . India $ 2.611 trillion 8 . France $ 2.584 trillion 9 . Brazil $ 2.055 trillion 10 . Italy $ 1.938 trillion Source : International Monetary Fund ( 2018 data )
Image by FreePhotos from Pixabay
In 2019 , it was reported that California was closer to $ 3.2 trillion in annual economic output . Because California has such a diverse employment market that ranges from entertainment in Hollywood to multibillion and trillion dollar digital media and marketing companies in Silicon Valley like Apple , Alphabet ( parent of Google ), and Facebook , the future continues to look bright for the Golden State ’ s economy .
California ’ s Population Base and Finite Land Supply
There are approximately 40 million residents in the Golden State . As of January 2020 , the US Census Bureau reported that the US had a population base of 330 million . This translates to California residents representing 12.12 % of all US residents .
The famous film and stage actor , writer , and witty humorist from Pacific Palisades , California named Will Rogers once said : “ Buy land . They ain ’ t making any more of the stuff .”
# 1 San Francisco : $ 1,745,000 # 2 San Mateo : $ 1,605,000 # 3 Santa Clara : $ 1,375,000 # 4 Marin : $ 1,350,000 # 5 Alameda : $ 1,060,000 # 6 Napa : $ 835,000 # 7 Contra Costa : $ 765,000 # 8 Sonoma : $ 715,000 # 9 Solano : $ 510,000
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