Mary Pope-Handy's Market Report

Monte Sereno, CA

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



Monte Sereno, CA

Fri Apr 03 2020
This week the median list price for Monte Sereno, CA is $5,048,975 with the market action index hovering around 39. This is an increase over last month's market action index of 38. Inventory has held steady at or around 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 appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Monte Sereno, CA

Fri Apr 03 2020
This week the median list price for Monte Sereno, CA is $5,048,975 with the market action index hovering around 39. This is an increase over last month's market action index of 38. Inventory has held steady at or around 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 appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Monte Sereno market.
Median List Price $5,048,975
Per Square Foot $1,104
Days on Market 102
Price Decreased 10%
Price Increased 0%
Relisted 0%
Inventory 10
Median Rent $4,500
Most Expensive $23,800,000
Least Expensive $2,168,000
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
$17,899,500 11,192 2.5 - 5 acres 5 9 27 0 0 206
$6,347,500 6,087 0.5 - 1 acre 5 4 55 0 1 182
$4,099,950 3,016 0.25 - 0.5 acre 4 3 18 0 0 18
$2,250,000 2,316 0.25 - 0.5 acre 3 2 50 0 0 60