As we start the new year with a stable housing market in general throughout the Sacramento Region; we find relatively low housing inventory, a shortage of rentals and an increase of people coming to Sacramento for work. Auburn is about 45 minutes east of Sacramento and when buyers get out-bid in Sacramento it’s not out of the question for them to start heading to the foothills. As Sacramento becomes a more and more desirable destination for corporations to call home, the influx of employees will find themselves making financial and lifestyle choices.
Not to mention, the parade of Bay Area homeowners getting tired of traffic, increased population and a hectic day-to-day lifestyle who are looking for somewhere to dump their huge equity into an unbelievable home or piece of property. I am constantly amazing buyers on what they can actually buy in Auburn for their money. Even people in Sacramento are reaching out to outlining areas such as Auburn to get more for their money and create a Norman Rockwell type lifestyle.
With the recent Camp Fire in Paradise, we have seen our rental market get absorbed with people needing a place to live. Less rental availability also keeps the housing market in Sacramento higher and therefore causing more people to make the easy commute to towns like Roseville and Rocklin. So while our general economy is doing well and housing prices are staying somewhat stable it will be another interesting year in the Auburn housing market. I’m sure we will continue to see more people deciding to commute into Sacramento. Also, more buyers feeling out-priced in Sacramento and looking for an alternative.
Auburn has long been a sleepy horse town nestled in the Gold Country. But, rest assured we are growing and will become more desirable as time goes on and people discover our beauty. Sacramento’s housing market is what I keep a close eye on and when their inventory is low and prices are inching up; I know we will get a bump in our housing prices as well. If the market is softening then I know Auburn will soften as well. Auburn feels a direct affect even though on a map we may not look like the ripple wouldn’t reach that far.
Keep your eyes open for my future blogs which will talk more about the Sacramento housing market in relation to Auburn. It may be that you want to move to Sacramento’s growing metropolis or take a short drive up to Auburn to check out how far we are and what you can afford. Either way we are an area to watch and an amazing place to live and work!
Have you ever been to Auburn and if so what did you like about the area?
Have you thought about telecommuting from Auburn to the Bay Area?