Mary Pope-Handy's Market Report

Monte Sereno, CA

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



Monte Sereno, CA

Sat Aug 17 2019
This week the median list price for Monte Sereno, CA is $3,500,000 with the market action index hovering around 30. This is less than last month's market action index of 33. Inventory has held steady at or around 53. Click here to stay informed with the Monte Sereno market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Monte Sereno, CA

Sat Aug 17 2019
This week the median list price for Monte Sereno, CA is $3,500,000 with the market action index hovering around 30. This is less than last month's market action index of 33. Inventory has held steady at or around 53. Click here to stay informed with the Monte Sereno market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Real-Time Market Profile

Never miss important changes in the Monte Sereno market.
Median List Price $3,500,000
Per Square Foot $1,045
Days on Market 50
Price Decreased 38%
Price Increased 0%
Relisted 4%
Inventory 53
Median House Rent
Most Expensive $9,975,000
Least Expensive $1,339,900
Market Action Index
Slight Seller's Advantage
30

The market seems to have paused around this plateau. This week prices eased down a bit.Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$4,999,000 5,036 1 - 2.5 acres 5 4 40 0 0 57
$3,985,000 3,809 1 - 2.5 acres 4 4 68 2 0 63
$3,099,000 3,287 0.5 - 1 acre 4 4 58 1 0 48
$2,150,000 1,923 0.25 - 0.5 acre 3 3 75 3 2 35