Mary Pope-Handy's Market Report

Monte Sereno, CA

Single-Family Homes

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



Monte Sereno, CA

Tue May 18 2021
This week the median list price for Monte Sereno, CA is $4,699,444 with the market action index hovering around 48. This is an increase over last month's market action index of 45. Inventory has decreased to 8. 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.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Monte Sereno, CA

Tue May 18 2021
This week the median list price for Monte Sereno, CA is $4,699,444 with the market action index hovering around 48. This is an increase over last month's market action index of 45. Inventory has decreased to 8. 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.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Monte Sereno market.
Median List Price $4,699,444
Median Price of New Listings $3,398,000
Per Square Foot $1,240
Average Days on Market 167
Median Days on Market 25
Price Decreased 25%
Price Increased 0%
Relisted 0%
Inventory 8
Median Rent $5,500
Market Action 48
Strong Seller's Market

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
$12,999,500 11,192 2.5 - 5 acres 5 10 28 0 0 619
$5,649,000 3,874 0.5 - 1 acre 4 5 22 0 0 21
$4,118,444 3,523 0.25 - 0.5 acre 4 5 13 0 0 14
$3,026,500 2,318 4,500 - 6,500 sqft 3 3 8 1 0 14