Mary Pope-Handy's Market Report

Monte Sereno, CA

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



Monte Sereno, CA

Mon Apr 22 2019
This week the median list price for Monte Sereno, CA is $3,647,000 with the market action index hovering around 27. This is an increase over last month's market action index of 25. Inventory has held steady at or around 12. Click here to stay informed with the Monte Sereno market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer’s market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.

Monte Sereno, CA

Mon Apr 22 2019
This week the median list price for Monte Sereno, CA is $3,647,000 with the market action index hovering around 27. This is an increase over last month's market action index of 25. Inventory has held steady at or around 12. Click here to stay informed with the Monte Sereno market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer’s market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.

Real-Time Market Profile

Never miss important changes in the Monte Sereno market.
Median List Price $3,647,000
Per Square Foot $1,122
Days on Market 29
Price Decreased 25%
Price Increased 0%
Relisted 0%
Inventory 12
Median House Rent
Most Expensive $4,875,000
Least Expensive $1,999,999
Market Action Index
Slight Buyer's Advantage
27

This week saw relatively little price change from last week. However the market appears to be trying to establish an uptrend. 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
$4,500,000 4,857 1 - 2.5 acres 5 6 53 0 1 30
$3,798,000 3,101 0.5 - 1 acre 4 3 52 0 0 21
$3,395,000 3,062 0.25 - 0.5 acre 4 4 46 0 1 21
$2,350,000 2,366 0.5 - 1 acre 4 3 45 0 0 46