California Housing Market Overview

[Ken and Ari Walker]

We Californians have a highly diverse population and an equally diverse real estate market. Trends vary widely in major cities, especially in San Francisco and the Bay Area compared to other parts of the state. 

The variability of pricing county to county makes it difficult to generalize about the state overall. Without question California is certainly one of the most expensive places to live in the country. Even though California’s cost of living is high, it remains one of the most appealing places to live.  

Homes in California are now even more expensive than they were one year ago. According to the CAR, existing single-family homes sold for a median of $859,000 in August 2023 and surpassed $900,000 in 2024. This is more than double the national median! 

This overall statewide trend in increases does not necessarily hold true in all areas, for example, Santa Cruz dropped by 8% while Santa Barbara’s values rose by 16.4%. 

It is difficult to predict real estate markets and trends, and there are very divergent opinions about where it will go in the future. Some experts see some doom and gloom, while others say the market is still strong. The good news is that most experts see no sign of an imminent housing crash. It appears likely that the market will continue to be sluggish until mortgage rates are lower, but definitely not crashing. We can all expect the California market to remain robust, with real estate values holding, despite lower sales volume. 

As real estate remains strong, if you are interested in investing for higher returns on your investments, you could invest in real estate trust deeds through Pacific Direct Mortgage & Real Estate.  Call us 707-708-0797 or reach out through our website at www.Pacificdirectmortgage.com 

Best,  

Ken & Ari Walker - Your Direct Private Money Source  

Husband & Wife Team  

Phone: [phone] / Office: 1400 N. Dutton Ave #22 Santa Rosa, CA 95401 
Ken: CA DRE Broker #01858042 / NMLS #1221130 
Ari: CA DRE #01858152 / NMLS #2170867 

Bio: Ken & Ari are a husband & wife team with combined 3+ decades in real estate and private money industries. They own Pacific Direct Mortgage & Real Estate, specializing in Private Money loans (also known as Hard Money home loans). Having helped thousands of Borrowers & working directly with Brokers, Agents and Lenders to help when needed with fast, flexible, alternative financing for real estate purchases and refinances throughout California. No issues with DTI ratios, credit issues, property condition, difficult to prove income - we want to help!