The Monte Sereno real estate market
The City of Monte Sereno is quite small, with just about 4,000 residents, so the number of houses sold in any given month will always be extremely small. For that reason, the data may appear to jump around wildly compared to Los Gatos or Saratoga, which each have about 30,000 people living there. Please take all the stats with a tablespoon of salt, and be sure to view the Los Gatos housing market data to get a more accurate picture of what’s happening with Monte Sereno homes (just add a little to the price tag as homes there tend to sell for a bit more than LG properties).
Something else to be aware of is that most houses are in the Los Gatos Union School District, but a small pocket of properties lies within the Campbell School District. Those with Campbell schools usually sell for a little less. Additionally, most of this city is within the 95030 zip code, but again, there’s a small pocket which is in the 95032 area.
Finally, there are only houses in this cities – condos, townhomes, or any other type of housing – and there are no businesses, either. Being 100% residential and single family homes most likely has a large impact on the home values here, though in many areas of Silicon Valley, being in “walking distance” to a coffee shop or grocery store can be a huge plus.
Disclaimers aside, here’s the most recent info:
- Median home prices fell by 3.4% year-over-year to $2,415,000 from $2,500,000.
- The average home sales price dropped by 0.4% year-over-year to $2,491,250 from $2,500,000.
- Home sales rose by 300.0% year-over-year to 4 from 1.
- Active listings fell 21.4% year-over-year to 11 from 14.
- Sales price vs. list price ratio fell by 16.3% year-over-year to 96.2% from 114.9%.
- The average days on market rose by 270.9% year-over-year to 45 from 12.
Compared To Last Month
- Median home prices slipped by 5.6% to $2,415,000 from $2,557,500.
- The average home sales price fell by 2.6% to $2,491,250 from $2,557,500.
- Home sales up by 100.0% to 4 from 2.
- Active listings dropped 8.3% to 11 from 12.
- Sales price vs. list price ratio dropped by 2% to 96.2% from 98.2%.
- The average days on market increased by 27.1% to 45 from 35.
|Trends at a Glance||MAR 2017||PREVIOUS MONTH||YEAR-OVER YEAR|
|Median Home Price||-5.6%||$2,415,000||$2,557,500||-3.4%||$2,500,000|
|Average Sales Price||-2.6%||$2,491,250||$2,557,500||-0.4%||$2,500,000|
|No. of Homes Sold||+100.0%||4||2||+300.0%||1|
|Short Sales Sold||N/A||0||0||N/A||0|
|Active Short Sales||N/A||0||0||N/A||0|
|Sales Price vs. List Price||-2.0%||96.2%||98.2%||-16.3%||114.9%|
|Average Days on Market||+27.1%||45||35||+270.9%||12|
Another great source of realty trends is Altos Research, to which I also have a subscription. Altos uses list prices, though, whereas the RE Report uses sold. What I really love about these reports, though, is that market can be viewed by price quartiles, as sometimes the luxury market in an area may be behaving very differently from the entry level market. The charts below are dynamic and will be updated weekly.
About 95% or more of Monte Sereno is in the 95030 zip code. To get a little more info from Altos with the live charts, please continue viewing info here: http://liveinlosgatosblog.com/hows-the-market/altos-research-live-charts-for-monte-sereno-95030/
Next, what kind of home is available to purchase in Monte Sereno now?
Monte Sereno Homes for Sale
$2,149,000 : 14976 Natalye RD, MONTE SERENO3 beds, 2 full baths
$3,600,000 : 18364 Oak DR, MONTE SERENO3 beds, 3 full baths
$3,998,000 : 17920 Daves AVE, MONTE SERENO6 beds, 5 full, 1 half baths
$4,598,000 : 16330 Greenwood LN, MONTE SERENO4 beds, 3 full, 2 half baths
$2,988,000 : 15222 Elm Park CT, MONTE SERENO4 beds, 3 full baths
$3,488,000 : 15561 Quito RD, MONTE SERENO4 beds, 3 full, 1 half baths
$4,999,000 : 18110 Constitution AVE, MONTE SERENO5 beds, 5 full, 2 half baths
$3,300,000 : 18439 Hernandez LN, MONTE SERENO4 beds, 4 full baths
See all Real estate in the city of Monte Sereno.
(all data current as of 4/28/2017)
Listing information deemed reliable but not guaranteed. Read full disclaimer.