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Indeed. California is big geographically and big population-wise, so any generalization about it will have elements of the truth. I, as a Northern California snob, I repeat myself and ask you again to consider but my part of it: draw a line west from Mendocino to Lake Tahoe, south to Yosemite, then west to Monterey. In that rectangle - within four hours drive - you have one of the prettiest cities in the world, the glory of the north coast, the huge magnificence that are Tahoe and Yosemite, the Carmel-Big Sur area, the Napa wine country, and the fascinating Sacramento River delta. Missing might be a desert or warm beaches, though Santa Cruz qualifies at times for the latter. You can find huge wild salmon running through the crowded suburbs in Walnut Creek. Nearby, Port Costa is a tiny jewel. I hold forth from the Berkeley hills, with a view west of the SF Bay, and a view south of green coast mountains, 40 yards down the street are magnificent coast redwood trees. And no smog, thanks to the fog that rolls in most days.
With real-estate prices being relatively free-market, I think it's fair to say buyers are voting with their dollars.
There's reason why a buyer pays a market price: They perceive the value is worth it.
The value of a 3bdrm house in Biloxi or Selma is perceived to be far less than one in the San Francisco Bay area. It's that simple.
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