California residents fleeing to Phoenix, Tucson for jobs, website says

PHOENIX — With the high cost of living in California, you may be thinking people there are fleeing for less-expensive housing markets.

However, one website found that’s not true.

Trulia.com examined home searches both inside (people coming in) and outside (people wanting to leave) four coastal-California markets: San Francisco, San Jose, Los Angeles and San Diego.

Homes in these markets average $720,000, as opposed to a national average of $250,000.

Trulia found “there doesn’t seem to a drop in inbound to outbound visits to properties in these metros.”

In other words, as people leave, they are being steadily replaced.

Those that do leave, according to Trulia, are going to high-job regions, including Denver, Colorado; Portland, Oregon — as well as Phoenix and Tucson.

In fact, in the first half of last year, Tucson was in the top-10 of home-market searches outside California.

On the other hand, the website cautioned Tucson represents a market that is attractive to retirees.

That means there may be a lag between a search and an actual move.

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