Mary Pope-Handy's Market Report

Monte Sereno, CA

Single-Family Homes

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



Monte Sereno, CA

Mon Mar 01 2021
This week the median list price for Monte Sereno, CA is $7,200,000 with the market action index hovering around 39. This is less than last month's market action index of 47. Inventory has held steady at or around 5. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Monte Sereno, CA

Mon Mar 01 2021
This week the median list price for Monte Sereno, CA is $7,200,000 with the market action index hovering around 39. This is less than last month's market action index of 47. Inventory has held steady at or around 5. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Monte Sereno market.
Median List Price $7,200,000
Per Square Foot $1,377
Days on Market 147
Price Decreased 20%
Price Increased 0%
Relisted 0%
Inventory 5
Median Rent $4,590
Most Expensive $19,500,000
Least Expensive $3,400,000
Market Action 39
Slight Seller's Advantage

Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.

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
$19,500,000 13,674 5 - 10 acres 6 12 27 0 0 539
$11,999,000 8,710 1 - 2.5 acres 5 15 29 0 0 546
$7,200,000 5,574 1 - 2.5 acres 5 6 1 0 0 35
$4,897,500 2,849 1 - 2.5 acres 3 2 62 0 0 129