Mary Pope-Handy's Market Report

Monte Sereno, CA

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



Monte Sereno, CA

Thu Nov 14 2019
This week the median list price for Monte Sereno, CA is $3,275,000 with the market action index hovering around 32. This is an increase over last month's market action index of 30. Inventory has held steady at or around 46. 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

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

Thu Nov 14 2019
This week the median list price for Monte Sereno, CA is $3,275,000 with the market action index hovering around 32. This is an increase over last month's market action index of 30. Inventory has held steady at or around 46. 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

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 $3,275,000
Per Square Foot $1,073
Days on Market 91
Price Decreased 30%
Price Increased 2%
Relisted 11%
Inventory 46
Median Rent $5,900
Most Expensive $23,800,000
Least Expensive $1,500,000
Market Action 32
Slight Seller's Advantage

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

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
$5,000,000 6,276 1 - 2.5 acres 5 6 25 0 1 98
$4,049,000 4,800 0.5 - 1 acre 5 5 67 1 1 120
$2,621,500 2,523 0.25 - 0.5 acre 4 3 44 0 1 91
$1,849,500 1,902 0.25 - 0.5 acre 3 2 63 2 2 57