Mary Pope-Handy's Market Report

Monte Sereno, CA

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



Monte Sereno, CA

Mon Nov 23 2020
This week the median list price for Monte Sereno, CA is $4,299,000 with the market action index hovering around 60. This is an increase over last month's market action index of 53. Inventory has held steady at or around 7. 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.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Monte Sereno, CA

Mon Nov 23 2020
This week the median list price for Monte Sereno, CA is $4,299,000 with the market action index hovering around 60. This is an increase over last month's market action index of 53. Inventory has held steady at or around 7. 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.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Monte Sereno market.
Median List Price $4,299,000
Per Square Foot $1,372
Days on Market 108
Price Decreased 14%
Price Increased 14%
Relisted 14%
Inventory 7
Median Rent $6,500
Most Expensive $11,999,000
Least Expensive $2,895,000
Market Action 60
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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
$11,999,000 8,710 1 - 2.5 acres 5 10 28 0 0 448
$5,899,000 4,494 1 - 2.5 acres 4 3 56 0 0 70
$3,849,500 2,616 0.5 - 1 acre 3 2 11 0 1 38
$2,947,500 2,244 0.25 - 0.5 acre 4 3 86 1 0 45