Mary Pope-Handy's Market Report

Monte Sereno, CA

Single-Family Homes

Christie's International Real Estate Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog



Monte Sereno, CA

Tue Jul 16 2024
This week the median list price for Monte Sereno, CA is $5,880,000 with the market action index hovering around 41. This is less than last month's market action index of 48. Inventory has increased to 5. 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

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Monte Sereno, CA

Tue Jul 16 2024
This week the median list price for Monte Sereno, CA is $5,880,000 with the market action index hovering around 41. This is less than last month's market action index of 48. Inventory has increased to 5. 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

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Monte Sereno market.
Median List Price $5,880,000
Median Price of New Listings $0
Per Square Foot $1,262
Average Days on Market 83
Median Days on Market 28
Price Decreased 20%
Price Increased 0%
Relisted 0%
Inventory 5
Median Rent
Market Action 41
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. 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
$8,880,000 7,031 1 - 2.5 acres 6 6 25 0 0 63
$6,200,000 4,704 1 - 2.5 acres 4 4 23 0 0 14
$5,880,000 6,059 1 - 2.5 acres 6 5 35 0 0 294
$3,919,500 2,735 0.25 - 0.5 acre 4 4.5 58 0 0 21