I can personally verify Allied’s evaluation of relocation stats for Arizona. The volume of folks moving here ‘from away’ has been noteworthy for the past two years. Investors from Canada and California lead the pack alongside a greater than usual influx of home buyers from cold weather spots like the Dakotas and the Chicago and Minneapolis areas. The East Coast also contributes their fair share of relocatees looking for a breath of warmer and drier weather, an attractive element our rival Florida can not boast.
No doubt Texas will have no problem reclaiming the number one spot in the near future as Dallas and Huston are currently two of the fastest growing regions in the entire U.S., but for now Arizona can savor their position as an unmistakably hot Real Estate Market.
‘Magnet States’ Report Credits Arizona and Florida with Dethroning Texas
For the first time in a dozen years, Texas is not claiming the top spot in the annual Allied Van Lines Magnet States Report. Instead, Florida and Arizona beat the Longhorn State with higher net relocation gains.
The annual report uses internal data to track U.S. and cross-border migration patterns with Canada, and found that Florida’s net relocation gain of 1,316 propelled it to the top of the list from the second spot last year. This net gain is calculated by the difference between inbound moves and outbound moves performed by Allied Van Lines, one of the world’s largest moving companies.
“Texas has been a powerhouse magnet state for more than a decade, but traditional retirement states like Florida and Arizona are always strong contenders for the list,” says Lesli Bertoli, general manager and vice president of Allied Van Lines. “For the first time in recent history, both Florida and Arizona were able to unseat Texas from its top spot position.”
Arizona was the second most magnetic state, with 1,137 net inbound moves, and Texas came in third, with 891 net inbound moves.
Rounding out the top five magnet states last year were North Carolina (9th) and Utah (8th).
California continues to dominate as the most mobile state, with 10,590 moves conducted by Allied Van Lines that featured California as its departure or destination state.
Some of the biggest movers on the list are Virginia (up 16 spots from the least magnetic state to the 17th least magnetic), Iowa (up 15 spots from No. 42 to 27) and Connecticut (up 10 spots from 37th place to 26th place).
Other states with big changes on the list included Delaware, which tumbled to 9th least magnetic state, dropping 17 spots, and Colorado, which went from 6th most magnetic to 21st.
Illinois returned to the bottom of the list after a brief respite. Allied’s Magnet States data show Illinois as the state with the greatest net outbound moves, with 1,284 moves out of state. California took its place as the 2nd most outbound state (1,060 outbound moves), followed by Pennsylvania (716 net outbound moves) and New York (714 net outbound moves). Rounding out the bottom five was New Jersey (542 net outbound moves).
Canadians on the Move
Similar to recent years, more Americans crossed the border in a move to British Columbia than left, making it the most attractive province for U.S. relocation. Ontario chalked up the largest net loss to cross-border moves.