Mon Jun 05 2023
This week the median list price for Monte Sereno, CA is $3,997,000 with the market action index hovering around 40. This is an increase over last month's market action index of 37. Inventory has increased to 6.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$3,997,000|
|Median Price of New Listings||$3,549,000|
|Per Square Foot||$1,363|
|Average Days on Market||116|
|Median Days on Market||53|
|Slight Seller's Advantage|
The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. The Market Action Index is a good leading indicator for the durability of this trend.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$10,200,000||10,500||1 - 2.5 acres||6||9||19||0||0||413|
|$4,399,999||5,744||1 - 2.5 acres||5||4.5||32||0||0||63|
|$3,997,000||2,249||1 - 2.5 acres||3||2.8||64||0||0||87|
|$3,274,500||2,478||0.5 - 1 acre||4||3||87||1||1||21|