Mary Pope-Handy's Market Report

Monte Sereno, CA

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



Monte Sereno, CA

Mon Nov 30 2020
This week the median list price for Monte Sereno, CA is $3,749,500 with the market action index hovering around 54. This is an increase over last month's market action index of 53. Inventory has held steady at or around 8. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Monte Sereno, CA

Mon Nov 30 2020
This week the median list price for Monte Sereno, CA is $3,749,500 with the market action index hovering around 54. This is an increase over last month's market action index of 53. Inventory has held steady at or around 8. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Monte Sereno market.
Median List Price $3,749,500
Per Square Foot $1,374
Days on Market 101
Price Decreased 25%
Price Increased 13%
Relisted 0%
Inventory 8
Median Rent $6,500
Most Expensive $11,999,000
Least Expensive $1,999,000
Market Action 54
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
$9,498,500 6,904 1 - 2.5 acres 5 6 66 0 0 238
$4,449,500 4,262 0.25 - 0.5 acre 4 4 6 0 0 84
$3,200,000 1,176 0.5 - 1 acre 2 2 60 0 0 77
$2,447,000 2,024 8,000 - 10,000 sqft 3 2 69 1 0 3