San Francisco Bay Area homebuyers now rank Diamond Springs among their top California relocation destinations, according to Redfin migration data. Here's what's driving the shift — and what it means for the Hwy 50/49 corridor.

California's housing deficit now stands at an estimated 3 million units, and new construction permits hit their lowest level since 2014 in the first half of 2025. For approved, entitled projects, the timing has never been better.

El Dorado County broke ground in July 2025 on the final phase of the Diamond Springs Parkway — a new four-lane road connecting the Piedmont Oak site directly to Highway 50 and Sacramento. Construction runs through December 2026.

El Dorado County issued just 437 new housing permits in 2024 — down nearly 30% from 2021 levels. In a supply-constrained market, fully entitled projects like Piedmont Oak Estates become increasingly rare and valuable.

The recently completed Public Safety Facility is the largest capital project in the county’s history. The facility, which is just 2 miles from the project, employs roughly 400 staff members.

Construction is in full swing on the Highway 49 improvement project, between Diamond Springs and Piedmont Oak Estates.

A brand new Target took over the old Kmart store and opened its doors to customers in August 2020 after extensive renovations.

In August 2020 the housing market in Placerville, CA was a seller’s market, which means there are more buyers than there are active homes for sale. Forecast and outlook for Sacramento’s real estate market suggest that it could be one of the hottest markets in California in 2021.