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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$7,200,000|
|Per Square Foot||$1,377|
|Days on Market||147|
|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.
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|