Mary Pope-Handy's Market Report

Monte Sereno, CA

Single-Family Homes

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



Monte Sereno, CA

Wed Jul 06 2022
This week the median list price for Monte Sereno, CA is $4,779,400 with the market action index hovering around 41. This is less than last month's market action index of 49. Inventory has increased to 10. 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

Wed Jul 06 2022
This week the median list price for Monte Sereno, CA is $4,779,400 with the market action index hovering around 41. This is less than last month's market action index of 49. Inventory has increased to 10. 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 $4,779,400
Median Price of New Listings $0
Per Square Foot $1,350
Average Days on Market 74
Median Days on Market 39
Price Decreased 40%
Price Increased 0%
Relisted 0%
Inventory 10
Median Rent
Market Action 41
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
$13,400,000 9,506 1 - 2.5 acres 6 9.3 9 0 0 45
$8,699,500 5,800 1 - 2.5 acres 5 6.5 17 0 1 59
$4,458,800 3,453 1 - 2.5 acres 5 4 48 0 0 28
$3,150,000 2,812 0.25 - 0.5 acre 3 3.5 45 0 2 21