Mary Pope-Handy's Market Report

Monte Sereno, CA

Single-Family Homes

Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog



Monte Sereno, CA

Wed Aug 04 2021
This week the median list price for Monte Sereno, CA is $4,950,000 with the market action index hovering around 39. This is less than last month's market action index of 50. Inventory has held steady at or around 11. Click here to stay informed with the Monte Sereno market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Monte Sereno, CA

Wed Aug 04 2021
This week the median list price for Monte Sereno, CA is $4,950,000 with the market action index hovering around 39. This is less than last month's market action index of 50. Inventory has held steady at or around 11. Click here to stay informed with the Monte Sereno market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Monte Sereno market.
Median List Price $4,950,000
Median Price of New Listings $7,250,000
Per Square Foot $1,220
Average Days on Market 102
Median Days on Market 56
Price Decreased 27%
Price Increased 18%
Relisted 27%
Inventory 11
Median Rent $6,150
Market Action 39
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$13,497,500 9,853 2.5 - 5 acres 5 9 15 0 1 350
$7,250,000 6,534 1 - 2.5 acres 4 8 16 1 1 7
$4,949,000 3,748 0.5 - 1 acre 5 6 0 0 1 7
$3,250,000 3,025 8,000 - 10,000 sqft 4 3 44 0 4 70