Cash-laden city residents may be migrating to more affordable areas to live in the bay area now that an influx of young tech professionals and foreign investors are pouncing on San Francisco as their preferred place to own and reside. With home appreciation at an all time high, many property owners in highly valued real estate markets such as San Francisco and San Mateo counties may once and for all want to make a break with the fog, hills crowds and cost of infrastructure and upgrading the home as they age.
Predictions point to the hospitable Tri-Valley consisting of Livermore, Pleasanton and Dublin as a viable option for these former metro-dwellers looking for single-level living, ease to medical facilites and community activities in the sun much of the year. Although demand is higher for a home in the city now, it is also at its market high with considerably more inventory in Livermore, Pleasanton and Dublin.
Likewise, If one were considering moving inland, out of state or out of the country, 2015 would be the year to accomplish this goal. Many homeowners are sitting on a property at values which can create a taxable event over the allowances of 250,000 for single homeowner and 500,000 for married homeowners. Best to speak with a trusted REALTOR who can provide resources to help you make a transition using the current market advantage to your full benefit.