Category: Stanley Bae Orange County

California Real Estate Market Trends for 2022

Stanley Bae Sacramento California large house with pool

From San Diego to Sacramento, California is in the midst of a seller’s market, making 2022 the year that you could finally cash in on your real estate investments. Stanley Bae from Orange County California says that between growing luxury sales and ongoing population redistribution, the California real estate market is set to face a few major trends in the coming months. Stay up to date and catch the wave to cash in big.

California real estate analysts expect to see a continued upswing in luxury home sales throughout 2022. However, this is offset by an ongoing exodus from higher-cost cities as more and more middle-class Californians seek out homes in affordable areas. Combined together, housing prices are expected to rise nearly 5%, making 2022 a good year to sell your home.

In this quick overview, we’ll explore three major trends affecting the California real estate market in 2022. Put this information to good use and stay up to date with all the latest market trends here!

Analysts Expect More Luxury Sales in 2022

Despite ongoing COVID-19 woes, 2021 was a record-breaking year with more luxury home sales than ever before. 2022 looks set to continue this trend as more and more luxury homes come off the market from San Diego to Santa Barbara. In fact, the trend has accelerated so quickly that the market seems to be short on supply.

In Los Angeles and San Francisco, there just aren’t enough luxury homes to meet demand according to real estate brokerage firm Hilton & Hyland. This lack of available supply is keeping the market competitive as wealthy Californians continue to look for top-of-the-line housing. For now, though, they will just have to wait to move into their luxury abodes.

Middle-Class Exodus Continues in 2022

The so-called ‘California Exodus’ might not be as drastic as some would have you believe but there’s no doubt that many middle-class Californian families are struggling to pay the astronomical costs of living within California’s most expensive cities. Understandably, they’re moving out and heading to the suburbs.

Currently, 4 of the top 10 busiest commuter cities are around the Bay Area. This growing trend highlights a need for more affordable housing and a sudden doom throughout California’s smaller towns and cities. This trend is expected to continue throughout 2022 as housing prices continue to rise.

Stanley Bae from Orange County California foyer

California Housing Prices Continue to Rise in 2022

COVID-19 has made it harder for construction workers to break ground and build new homes throughout the state. This has understandably led to a lack of available homes in a state where the rich are hoping to purchase luxury properties and the middle-class are looking for new, affordable homes in the suburbs.

With high demand and low supply, housing prices have been driven up and are expected to rise an additional 5% over the next year. This growing trend is good news for anyone wanting to sell their home but puts many middle-class families at a disadvantage as they look for cheaper mortgages.

Final Thoughts

If you’re wanting to buy a new house in 2022, California might not be your best bet. With a lower supply of available properties, housing prices have soared. However, if you’re a California homeowner wanting to cash in on your investments, now is the time to sell your home.

Growing Business Sectors in California

Stanley Bae City Skyline

With the largest state economy in the United States, California is continuously expanding its diverse industries. As a result of its increasing population in the 21st century, this state has more businesses now than ever. Finding a job or developing your business in California’s growing economy can be a fruitful endeavor if you know which industries are prominent. 

Check out our guide, which navigates the industries developing the quickest in the West. 

Real Estate and Construction

Employment in real estate has risen in recent years, and it will continue to grow as more people sell their houses, and others buy them as they move to California. 

According to Stanley Bae, the housing market in Southern California has been booming due to high buyer demand and low inventory. Since the 2009 recession, the state has recovered and built itself back up stronger than ever before. As the housing market adapts to the ever-changing population of the state, real estate, and construction continue to be leading sectors expanding at unprecedented rates. 

California attracts diverse groups of individuals looking for economic opportunity, culture, and fulfillment in life; the growing housing market has newcomers and returning citizens’ backs as this industry develops.

Technology and Information

Silicon Valley is not only considered the tech capital of California but also of the United States. Giant companies like Google and Apple have defined the Valley due to the world’s reliance on technology. The need for digitization in all sectors has led to the ever-growing success of the technology industry. 

With the demand for developers on the rise, the tech industry contributes to a large number of jobs. The U.S. Bureau of Labor Statistics reported that monthly employment averaged 586,000. The information transmitted within each sector is dependent on technology. 

Agriculture

The drought in California damaged the population significantly as the availability and quality of water sunk. Following recovery, the state improved its farming practices becoming one of the United States’ leading producers, supplying vegetables, fruits, nuts, and wine. Along with this success, you have the state’s significant presence as an exporter as well. 

With its recent positive changes, the agricultural industry remains to be one of the state’s quickest expanding sectors. As the world will never stop needing produce, this industry will always develop and become more enhanced by new innovations. 

Stan Bae Grapes at a vineyard

Healthcare

Increased implementation of electronic health records contributes to the expansion of the healthcare industry. Along with the aging population and the necessity of disease treatment, healthcare in California will continue to develop exponentially. The state’s Employment Development Department reported that of the fastest-growing jobs, most of the top occupations are within the healthcare industry. As people are becoming more conscious about their physical health, they are also focusing special attention on their mental health. Assistants for physicians and nurses are becoming more and more needed. It is clear that the healthcare industry will never stop growing, especially in California. 

Retail Trade

Salespeople are essential to the continued growth of our economy. Without them, convenience stores, department stores, maintenance offices, and food preparation hubs cannot function at the efficient rate that we need them. Their work has proven to be pivotal to the operation of our daily lives. 

In the United States’ capitalist society, citizens rely on workers in retail trade to facilitate sales. Therefore, their sector is expanding as more and more people move to large states like California. A leading exporter in agriculture, the state requires a large number of retail trade workers. Restaurants and stores are always looking for workers who can add to their team and their workplace’s efficiency. 

Administrative Support

People who provide administrative support tend to be overlooked by society as their work is downplayed. Still, in reality, they are greatly needed, and their sector is growing more than you’d think. People who work in security, housekeeping, janitorial, mail, landscaping, and labor offer their valuable skills to ensure efficiency. As a result of their necessity, employment in this industry is ever-growing. Their much-needed work constantly demands workers; therefore, it will forever grow throughout time. With its exponentially increasing population, California will always need more administrative support workers. 

The Takeaway 

Maintaining a business or getting a job in California becomes less challenging when you know which industries are expanding at the fastest rates. Whether you are working in real estate, construction, healthcare, agriculture, retail, or government, the technology industry will have a major presence as it has become necessary for all work operations. Rates of employment are increasing at high rates in the state due to the constantly changing population and the necessity of diverse resources and services.

No matter where you work in the state, you are likely to have a life-changing work experience as millions of people like you navigate the growing sectors.

The Top Reasons to Visit Orange County, California

Stanley Bae Orange County

Discover Orange County, the heart of southern California. Stanley Bae resident knows all about the hot spot’s visitors need to experience while in Orange County.

  1. Disneyland Park. The Disneyland Resort offers 2 world-class theme parks—Disneyland Park and Disney California Adventure Park—each with its own unique attractions, shows and restaurants. Disneyland Park has Adventureland, Critter Country, Fantasyland, Frontierland, Main Street USA, Mickey’s Toon town, New Orleans Square, and Star Wars: Galaxy Edge.
  2. Newport Beach. Picturesque sandy beaches, majestic coastline, infinite recreational activities, award-winning dining, and world-class shopping. Newport Beach is undeniably scenic. The coastal city in California has magnificent beaches and one of the best surfing spots in the world, the Wedge, alongside cultural treasures such as the Orange County Museum of Modern Art. Enjoy the buzzy harbor, wide open parks, art galleries and a spot of whale watching.
  3. Laguna Beach. Seven miles of pristine beach with oceanfront accommodations, gourmet dining, world-famous festivals, and hundreds of local artists. With more than 30 coves and beaches, Laguna Beach is the ideal spot for luxurious coastal fun. Whether you enjoy snorkeling, swimming, surfing, paddle boarding, playing volleyball or exploring the tide pools, there is approximately eight miles of coastline, which offers something for everyone.
  4. Huntington Beach. Near Disneyland, Knott’s Berry Farm, Beaches, Aquarium, and Bird Watching. Huntington Beach is a seaside city within Orange County in Southern California. It is bordered by the Pacific Ocean on the west and has been long known for its long 8.5 miles of beautiful beach, mild climate, and excellent surfing, earning it the nickname of Surf City.
  5. Dana Point. Dana Point is the Dolphin and Whale Watching Capital of the World™ and tour boats leave daily from the 2,500 boat and yacht slip marina. Located halfway between San Diego and Los Angeles, the destination offers everything from sunset wine cruises and luxury spas to surfing and ocean view golfing.
  6. San Clemente. San Clemente is a gorgeous coastal city full of culture and history. The entire city is full of things that you can do and explore. The Spanish style architecture in the city is magnificent and worth swooning over. … Visit this lovely, picturesque town to experience the coastal life of California.
  7. Anaheim. Anaheim is the second-largest city in Orange County in terms of land area and is known for being the home of the Disneyland Resort, the Anaheim Convention Center, and two major sports teams: the Anaheim Ducks ice hockey club and the Los Angeles Angels baseball team.

There are so many things to do in Orange County. There are endless beaches to enjoy, amusement parks, sports, restaurants, art & culture, and the amazing nature outdoors. Come see all what Orange County has to offer!

Stanley Bae Discusses Some of the Best Hiking Spots in Orange County, California

Stanley Bae realizes that Orange County is famous for its beaches and shops, but he notes that the area is also full of beautiful and interesting locations to hike while enjoying the natural scenery the area is famous for. Hiking was one of the most popular activities that many picked up during the height of the pandemic, and Stanley recognizes many people eager to explore the hobby have not seen all that the area has to offer. To help those that want to try hiking in Orange County, California, Stanley Bae provides a small list of some of his favorite locations.

Limestone Canyon Wilderness Park

Limestone Canyon Wilderness Park is usually closed to hikers except for specific days of the month. Hikers should seek out these open access days as they provide the opportunity to see all the natural wonders that the park has to offer guests. For example, its iconic feature “The Sinks” are commonly called a Mini Grand Canyon and are simply amazing to gaze upon. One of the reasons that Limestone Canyon Wilderness Park is a favorite of Stanley’s is because it provides a look into what much of Orange County must have looked like long before the land development to make it suitable for suburban living. On the Shoestring to Hick’s Haul Loop, you can even get an excellent panoramic view of the Pacific Ocean.

Chiquito Falls Trail

The Chiquito Trail to Chiquito Falls is an intermediate trail, meaning that it may not be suitable for some beginners due to the almost 3,000 feet in elevation gained over the course of the trip and 8.7-mile distance. Stanley Bae of Orange County, California notes that the best part about the trail is that it offers studding views of both San Juan Falls and Chiquito Falls. It is important to note that the San Juan Falls can get busy because of their proximity to the highway, but the hike to Chiquito Falls is peaceful and often only sparsely populated. Chiquito Falls Trail is a favorite for travelers that enjoy forest walks coupled with great waterfall views and Stanley recommends it if you are up to an intermediate challenge.

West Ridge Trail to the Top of the World

This 4.5-mile trail is one of the easier trails to hike in Orange County, but that does not make it uninteresting by any stretch. The trail features hills allowing its distance, which can get your heart pumping, but the trail overall is not very difficult. In addition to this, the hike is great for groups as it is wide enough to share. The most interesting aspect of the West Ridge Trail in Aliso and Wood Canyons Wilderness Park is the scene-stealing 360 view that it provides of Orange County- featuring a view of Laguna Beach and Saddleback Mountain. The Top of the World is a great location to hike to as it has an excellent rest area with benches, restrooms, and a full park. With no shade throughout the trail, however, you may want to choose this option on an overcast or cooler day if you can help it.

Stanley Bae of Orange County, CA realizes that the above list accounts for only a few of his favorite hiking locations in the area. After all, an area as vast and with as many scenic formations as the OC has hundreds of different trails that can fulfill your needs for adventure. If you want to see some great sights this summer, pick a trail that fits your needs and experience and go for it!