Are Bay Area Tech Workers Relocating to San Diego During COVID?

Bay Area tech workers transition permanently to remote working in less-dense cities like San Diego.

 

IS SAN FRANCISCO GOING BELLY UP? – This email from Roh Habibi (one of San Francisco’s top agents) grabbed my attention.

 

The San Francisco Bay Area housing market is experiencing a 10-year high in inventory.  San Diego however, is struggling with an extreme lack of availiable homes for sale on the market.

The number of homes on the market in San Francisco, net of new sales and contract activity, ticked up another 4 percent over the past week to 1,420, representing 120 percent more inventory than there was at the same last year and a 10-year seasonal high.

San Diego has been exporting talented tech workers to San Francisco for years. Now that COVID has forced employees to work remote, it’s no surprise many are choosing to leave The Bay Area for less expensive and lower density locations.

According to data website Numbeo, a person would need around $5,898.76 in San Diego, CA to maintain the same standard of life that you can have with $ in San Francisco, CA (assuming you rent in both cities).

 

People seeking affordability aren’t the only one’s relocating away from The Bay Area. In Carlsbad, a $25 Million home is being erected for a Silicon Valley tech entrepreneur. He’s planning to make the seaside home on the cliffs of Terramar his permanent residence and home office.

 

 

 

Leave a Comment

Your email address will not be published. Required fields are marked *

541401_Luxeally Logo_v2_op1_091919

Jeff Toth DRE#01969791 is an agent with LuxeAlly Real Estate. LuxeAlly Real Estate 02014153 is licensed by the state of California and abides by equal housing opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.

CONNECT
  • 1.800.376.3101

  • Email: List at Luxeally dot com

  • 4090 Morena Blvd Ste D San Diego, CA 92117

  • 331 Foothill Rd., Beverly Hills, CA 90210

  • Social @LUXEALLY

  • 私人微信号:CAIMEIJU-USA

Scroll to Top