Mary Pope-Handy's Market Report

Monte Sereno, CA

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



Monte Sereno, CA

Tue Oct 15 2019
This week the median list price for Monte Sereno, CA is $3,300,000 with the market action index hovering around 31. This is an increase over last month's market action index of 30. Inventory has held steady at or around 51. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Monte Sereno, CA

Tue Oct 15 2019
This week the median list price for Monte Sereno, CA is $3,300,000 with the market action index hovering around 31. This is an increase over last month's market action index of 30. Inventory has held steady at or around 51. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Monte Sereno market.
Median List Price $3,300,000
Per Square Foot $1,009
Days on Market 79
Price Decreased 35%
Price Increased 2%
Relisted 16%
Inventory 51
Median House Rent $4,150
Most Expensive $23,800,000
Least Expensive $1,279,000
Market Action Index
Slight Seller's Advantage
31

The market seems to have paused around this plateau. 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
$6,000,000 6,488 1 - 2.5 acres 5 6 26 0 1 78
$4,000,000 4,526 0.5 - 1 acre 5 5 60 0 1 118
$2,749,000 2,823 0.5 - 1 acre 4 4 38 4 1 64
$1,799,000 1,720 0.25 - 0.5 acre 3 2 76 3 0 52