Mary Pope-Handy's Market Report

Monte Sereno, CA

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



Monte Sereno, CA

Wed Oct 23 2019
This week the median list price for Monte Sereno, CA is $2,998,500 with the market action index hovering around 30. This is about the same as last month's market action index of 30. Inventory has held steady at or around 50. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Monte Sereno, CA

Wed Oct 23 2019
This week the median list price for Monte Sereno, CA is $2,998,500 with the market action index hovering around 30. This is about the same as last month's market action index of 30. Inventory has held steady at or around 50. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Monte Sereno market.
Median List Price $2,998,500
Per Square Foot $1,054
Days on Market 80
Price Decreased 30%
Price Increased 2%
Relisted 12%
Inventory 50
Median House Rent $4,400
Most Expensive $23,800,000
Least Expensive $1,279,000
Market Action Index
Slight Seller's Advantage
30

Despite this week’s down tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

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
$6,000,000 6,488 1 - 2.5 acres 5 6 26 0 0 85
$3,944,000 4,305 0.5 - 1 acre 4 5 60 0 2 117
$2,685,000 2,823 0.5 - 1 acre 4 4 47 3 2 65
$1,999,950 1,861 0.25 - 0.5 acre 3 1 63 1 1 56