San Lorenzo California

San Lorenzo, California, nestled in the San Francisco Bay Area, offers a serene suburban lifestyle with convenient access to urban amenities.

Shopping: While San Lorenzo itself may have limited shopping options, residents have easy access to nearby retail centers like Southland Mall in Hayward and Bayfair Center in San Leandro.

Nightlife: Nightlife options in San Lorenzo are limited, but neighboring cities offer diverse dining and entertainment choices for residents.

Transportation: San Lorenzo benefits from proximity to major highways and public transportation options, providing convenient commuting options for residents.

Demographics: San Lorenzo's demographic makeup is diverse, contributing to a rich cultural tapestry and a sense of community.

Family Benefits: Families appreciate San Lorenzo's proximity to parks, recreational facilities, and good schools, providing a conducive environment for raising children.

Economy: While San Lorenzo's economy is not as robust as neighboring cities, residents have access to employment opportunities in nearby urban centers.

Affordability: San Lorenzo offers relatively more affordable housing options compared to neighboring cities like Hayward and San Leandro, making it an attractive choice for families and individuals looking for affordable living options in the Bay Area.

Overall, San Lorenzo provides a tranquil suburban setting with access to nearby urban amenities, making it an ideal place for families and individuals seeking a balance between affordability and quality of life.

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MAI Trend

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Market Action Index (MAI)

Answers the question It’s an indicator of supply and demand and overall market competitiveness; i.e. whether it’s a buyer’s or seller’s market, or if the market is heating up or cooling off. “How’s the market?” by comparing the current rate of sales versus inventory plus additional demand metrics.

  • A MAI of around 30 indicates a balanced market, with just enough supply to meet demand.
  • A MAI in the low 20s or below is a buyer’s market, with more supply than demand and prices declining in the future.
  • A MAI of 35 or more points to a seller’s market, with demand outpacing supply and prices starting to rise.
  • A MAI of 45 or more is a strong seller’s market. inventory is very tight, demand is high, and prices are likely climbing.
Median Price Vs. New Listings Median Price

Median Prices Explained

Median List Price is the median price of homes for sale in the market. It is the most useful, accurate measure of the current market. If you see that the market’s Median List Price is climbing today, you’ll see sales prices and home values in that market climbing in the future. You can look at Median List Price as a barometer of sellers’ current confidence levels, as current individual pricing decisions are based on recent pending and closed transactions.

New Listings median Price

When I price a listing, I have the knowledge of all the recent activity nearby. I know if the house down the street got multiple offers in the first week, and I price the home accordingly

Inventory Explained

Inventory tells you how many homes are for sale in each market. Watch the inventory count for early indicators that sellers are returning to the market, and how fast. Inventory typically peaks in late June, with a trough in the second week of January. Rising inventory typically favors buyers, while tightening inventory favors sellers.

The inventory chart shows both 7 day and 90 day trends.

Inventory
Average Days on Market Vs. Median Days on Market

Days on Market Explained

Days on Market (DOM) is a measure of market velocity – how long it takes homes to sell. A non-seasonal increase in DOM could indicate some softness in the market; a drop in DOM points to a market that’s heating up.

DOM typically starts falling at the end of March during the peak buying season of April through June, then starts to climb in the second half of the year. However, this seasonal trend can vary depending on the market and the unique seasonal attributes of the area

Look at a couple of years of your market’s data to determine what’s “normal” for your area in each month

Percent Increased and Decreased Price Explained

$ Price Decrease

The percent of active listings that have received a price decrease is a measure of demand. In a normal market, we tend to see about 30-35% of sellers initially over-price their homes and eventually reduce the price to attract buyers. Below 30% signals solid demand at prevailing prices, while 40% or more generally indicates reduced demand

price decreases happen more in the fall when it’s time to move the listings before the holidays

$ Price Increase

Price increases, on the other hand, are usually under 5%. When you see price increases climbing, it’s often a sign of investor activity in a market, iBuyers and flips – or simply very high demand. This is a bullish signal for future sales prices and home values.

Increased Price Percent Vs. Decreased Price Percent
Relisted Percent

Relisted Inventory Explained

Percent Relisted points to deals falling through or listings expiring – the percent of homes on the market which we’ve seen listed, withdrawn and relisted

In a normal market, we typically see Percent Relisted under 10%, and in hot markets it’s just a couple percent. Contracts are much less likely to fall through or listings to be withdrawn when the buyers are most active.

Keep an eye on this stat as you're making decisions about buying or selling. As Percent Relisted increases, it tells us that weakening competition is creating opportunity for buyers. If Percent Relisted climbs dramatically, as it did in the summer of 2006, this can be an early signal of a coming market correction. Also remember to run this number for different price segments, as the market for higher-priced homes may behave differently.

Show Segments
Segment Median Price Beds Baths Average Sqft Price/Sqft Age DOM
Top 25% $1,281,000 2 1 1,101 $1,244 100 32
Upper 25% $968,178 4 2 1,765 $563 53 36
Lower 25% $875,907 3 2 1,452 $626 65 10
Bottom 25% $768,248 3 1 1,109 $700 75 3