The second is that the weather is still nice and warm in Nevada and doesn't represent too much of a shock for Californians. Homebuyers leaving San Diego also looked to relocate to Las Vegas, according to the report.īut why are Californians leaving their state for Nevada? The main reason is affordability. Some 25,700 San Francisco residents left the state in October, according to Redfin, together with 23,500 Angelenos and 2,100 San Diego residents. "Homebuyers leaving Los Angeles, for instance, are most commonly moving to Las Vegas, where homes are roughly half the price." "It's typical for expensive job centers to top the list of places homebuyers are moving away from as those people seek more affordable housing," Redfin's report said. Las Vegas is the favorite destination of homebuyers leaving Los Angeles and San Diego, according to a recent report by Redfin. This assessment is based on net outflow, a measure of how many more users are looking to leave a metro than move in.Īn aerial photo of the Las Vegas city skyline taken on December 30, 2017. The real estate brokerage said that homebuyers in San Francisco and Los Angeles are leaving these cities more than any other metros in the country. Thousands of Angelenos-about 2,800 in October 2023 and 2,700 in October 2022-moved instead to Nashville, Tennessee, according to Redfin. In October last year, the number of people who moved to Las Vegas was even higher at 7,100, with most still coming from Los Angeles. Most of the 4,000 people who moved to the city in October came from Los Angeles, according to Redfin. While Sacramento was the favorite destination of New Yorkers leaving the West Coast and of San Francisco residents, Angelenos were flocking to Las Vegas instead. Thousands of California residents left their state for neighboring Nevada in October, according to real estate brokerage Redfin, as Angelenos ditch the City of Angels for Las Vegas, where houses cost about half the price.Īccording to a recent report by Redfin, Las Vegas was the second city with the highest number of people moving in from other states in October after Sacramento, California.
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