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
Fri Dec 01 2023
This week the median list price for Monte Sereno, CA is $5,897,500 with the market action index hovering around 36. This is an increase over last month's market action index of 33. Inventory has held steady at or around 8.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $5,897,500 | |
| Median Price of New Listings | $8,500,000 | |
| Per Square Foot | $1,405 | |
| Average Days on Market | 161 | |
| Median Days on Market | 84 | |
| Price Decreased | 25% | |
| Price Increased | 0% | |
| Relisted | 13% | |
| Inventory | 8 | |
| Median Rent | ||
| Market Action | 36 | |
| Slight Seller's Advantage | ||
Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of 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 |
|---|---|---|---|---|---|---|---|---|
| $9,145,000 | 8,750 | 1 - 2.5 acres | 5 | 7.8 | 31 | 1 | 0 | 294 |
| $7,650,000 | 5,806 | 1 - 2.5 acres | 5 | 6 | 24 | 0 | 0 | 52 |
| $4,847,500 | 3,466 | 0.5 - 1 acre | 5 | 4.5 | 27 | 0 | 1 | 91 |
| $3,295,000 | 1,951 | 0.5 - 1 acre | 3 | 2 | 62 | 0 | 0 | 206 |