According to new census estimates, approx. 501,000 people from other states moved to CA in 2018, while 691,000 Californians relocated to other states – a net loss of 190,000. In addition, an estimated 284,000 foreign nationals moved into CA from outside the country. (Foreign out-migration numbers are not available.)
The top states for out-migration are Texas, Arizona, Washington, Nevada & Oregon, states with high-tech centers of their own and/or no state income taxes, and/or significantly lower housing costs - thus attracting working residents, local businesses, and retirees. Updated Bay Area figures are not yet available, though migration trends here have generally paralleled state trends in recent years.
House Sales & Median Values by City or San Jose Neighborhood:
Median values are generalities useful for assessing comparative values between markets and for broad home price trends. How they apply to any particular home is unknown without a specific comparative market analysis.Because of the relatively small number of sales in Los Altos Hills, its median values are more prone to large fluctuations simply based on the specific sales in the period.