Moving to the Burbs?

In recent years, walkability, live-work space projects and urban re-use have been hot topics in real estate. And housing trends have been reflective of the desire of many people across the United States enjoying the perks of an urban lifestyle.

Yet some who live in urban areas are now rethinking their priorities. They are weighing the benefits of being in close proximity to everything and having walkability and a short commute against the benefits of living in a less populated area where they have access to open space, a yard, and more room between them and their neighbors.

Spending more time at home has caused some people to re-think where it is they want to spend their time.

When it comes to social distancing, as we’ve experienced recently, the newest trend seems to be around re-evaluating a once-desired city lifestyle and trading it for suburban or rural living.

Economist George Ratiu,notes: “With the re-opening of the economy scheduled to be cautious, the impact on consumer preferences will likely shift buying behavior…consumers are already looking for larger homes, bigger yards, access to the outdoors and more separation from neighbors.

As we move into the recovery stage, these preferences will play an important role in the type of homes consumers will want to buy. They will also play a role in the coming discussions on zoning and urban planning. While higher density has been a hallmark of urban development over the past decade, the pandemic may lead to a re-thinking of space allocation.”

The Harris Poll recently surveyed 2,000 Americans, and 39% of the respondents who live in urban areas indicated the COVID-19 crisis has caused them to consider moving to a less populated area.A Surprising Shift to the ‘Burbs May Be on the Rise | MyKCM

Today, moving outside the city limits is also more feasible than ever, especially as Americans have quickly become more accustomed to – and more accepting of – remote work.

According to the Pew Research Center, access to the Internet has increased significantly in rural and suburban areas, making working from home more accessible. The number of people working from home has also spiked considerably, even before the pandemic came into play this year.
Locally, in Long Beach, the trend of people moving from denser areas to neighborhoods where they can have more space has resulted in inventory being lower in some areas than others. For example, right now, there is a 1.4 month supply of homes for sale in 90815, a 1.1 month supply of homes for sale in 90808, and a 3.5 month supply of homes for sale in 90802, which encompasses the downtown Long Beach area.
Consequently, if you’re planning to move from a denser area to a more suburban area, you’ll want to plan ahead to make sure you’re aware of the best timing and how to set up any contingencies so they’ll work in your favor. If you have any questions about how to do that, fill out the contact information below and we’ll be happy to help you explore your options.

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About the Author

Shannon Jones has been selling real estate since 1998 and specializes in listing and marketing homes. She has consistently been one of the top Realtors in the Long Beach area. Prior to her award-winning career in real estate with the Shannon jones Team, Shannon has had successful careers in journalism and public relations. She holds a bachelors degree from UC Irvine and a masters degree from UC Berkeley. Shannon holds E-Pro, CDPE (Certified Distressed Property Expert), and PSC (Pre-Foreclosure Specialist) certifications. Shannon is very personable and maintains a very strong moral compass, always putting the best interest of home buyers/sellers above monetary goals. A California native, Shannon enjoys gardening, travel, reading, cooking and poker when she’s not selling homes MY DESIGNATIONS Lic# 01247705 | CDPE (Certified Distressed Property Expert) | E-Pro | PSC (Pre-Foreclosure Specialist) MY SERVICE AREAS Anaheim Bellflower Buena Park Carson Cerritos Cypress Downey Fountain Valley Garden Grove Huntington Beach La Palma Lakewood Long Beach Los Alamitos Los Angeles County Norwalk Orange County Rossmoor San Pedro Seal Beach Signal Hill South Bay Westminster