A global commercial, financial, and manufacturing hub
Discover Santa Ana's Real Estate
As one of the most populous cities in Orange County and the safest in the US, Santa Ana attracts investors from the state of California, the nation, and the globe. The city’s southern and northwestern edges form part of Orange County’s greatest commercial blocks. The city boasts great connectivity to the rest of the world through excellent air, water, and air transport systems. With the corporate headquarters of several companies located in the city, Santa Ana enjoys a high employment rate. The city is home to several attractions and some of the country’s finest artwork. Overall, Santa Ana provides valid real estate investment opportunities.
Culture, History, and Business
Santa Ana was first explored and settled in the 16th century. It became a farming community, with settlers planting crops and raising cattle. The plan for the city’s layout was laid out in 1869 after many people had streamed into the region. The city was also renamed Santa Ana from the original Rancho Santiago de Santa Ana at this time. As more people settled in the area, local industries continued to develop. Today, Santa Ana has become one of the most important manufacturing and economic centers of south California.
Santa Ana is also a wealthy city when it comes to culture. The creative community has a growing art scene. The city honors and preserves its heritage through a variety of historical sites and cultural activities that attract several people from across the globe. The city celebrates the patron saint festivities to honor Our Lady Santa Ana every July. The Boca de Oro Literary Arts and Culture Festival brings communities together to celebrate the city’s art and literary skills.
Santa Ana is also a heavyweight when it comes to the world of business. With several corporations headquartered in the city, the city controls much of California’s economy. Some of these companies include Corinthian Colleges, First American Corporation, TTM Technologies, and Greenwood & Hall. These corporations are some of the biggest employers in the state.
Real Estate Appeal
Santa Ana has a strong real estate investment appeal. As sales volumes grow steadily, the market is showing signs of development. Since job growth is potentially high, single-family homes being built are likely to be on the market for a very short time. On the other hand, visitors are finding Santa Ana more appealing, thanks to the rich art and heritage that the city displays. Moreover, the city enjoys pleasant weather, ensuring that rental properties have low vacancy rates. Also, Santa Ana has become a manufacturing, retail, and services industry hub, with more than 10,000 businesses in the city. Therefore, the region has a constant flow of short and long-term renters.
Santa Ana’s market is relatively competitive, with an average home in the city getting an offer and being sold in about 55 days. The average price for a home in Santa Ana in 2019 was $562,000. This was 2.3% lower than the previous year. However, the average price per square foot in 2019 was $400, 2.2% higher than the previous year.
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