Mary Pope-Handy's Market Report

Monte Sereno, CA

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



Monte Sereno, CA

Tue Mar 26 2019
This week the median list price for Monte Sereno, CA is $3,695,000 with the market action index hovering around 26. This is less than last month's market action index of 38. Inventory has held steady at or around 7. 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 Buyer's Advantage

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer’s market, this price trend may be a result of improved quality of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Monte Sereno, CA

Tue Mar 26 2019
This week the median list price for Monte Sereno, CA is $3,695,000 with the market action index hovering around 26. This is less than last month's market action index of 38. Inventory has held steady at or around 7. 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 Buyer's Advantage

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer’s market, this price trend may be a result of improved quality of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Real-Time Market Profile

Never miss important changes in the Monte Sereno market.
Median List Price $3,695,000
Per Square Foot $1,034
Days on Market 17
Price Decreased 0%
Price Increased 0%
Relisted 0%
Inventory 7
Median House Rent
Most Expensive $5,498,000
Least Expensive $2,450,000
Market Action Index
Slight Buyer's Advantage
26

The market continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index as a leading indicator for how long this trend will last.

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
$5,498,000 5,313 1 - 2.5 acres 4 4 43 0 0 7
$4,249,000 5,132 1 - 2.5 acres 5 6 66 1 0 10
$3,647,000 3,155 0.5 - 1 acre 4 3 49 0 0 14
$2,724,000 3,020 1 - 2.5 acres 4 3 38 0 0 31