A resource for folks living in or moving to Los Gatos, by Mary Pope-Handy

The Monte Sereno real estate market

Elm Park in Monte Sereno, sold by Mary Pope-Handy

Ranch style home on Elm Park in Monte Sereno, sold by Mary Pope-Handy

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:

Monte Sereno Real Estate Report (click to view the Real Estate Report)
Trends At a Glance Aug 2017 Previous Month Year-over-Year
Median Price $3,562,500 (+20.8%) $2,950,000 $4,000,000 (-10.9%)
Average Price $3,755,000 (+11.3%) $3,373,000 $4,322,670 (-13.1%)
No. of Sales (-33.3%) 6 (+33.3%)
Pending (0.0%) 4 (+100.0%)
Active (-44.4%) 9 12 (-58.3%)
Sale vs. List Price 97.2% (-4.1%) 101.4% 98.2% (-1.0%)
Days on Market 82 (+17.7%) 70 76 (+8.4%)
Days of Inventory 38 (-16.7%) 45 120 (-68.8%)

And the chart from last month for comparison:

Trends At a Glance Jul 2017 Previous Month Year-over-Year
Median Price $2,950,000 (+8.3%) $2,725,000 $1,435,000 (+105.6%)
Average Price $3,373,000 (+17.6%) $2,867,500 $1,720,000 (+96.1%)
No. of Sales (-25.0%) 8 (+100.0%)
Pending (0.0%) 4 (+33.3%)
Active (-25.0%) 12 14 (-35.7%)
Sale vs. List Price 101.4% (+2.2%) 99.2% 96.3% (+5.3%)
Days on Market 70 (+84.5%) 38 24 (+194.4%)
Days of Inventory 45 (+3.4%) 44 140 (-67.9%)

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.

app?pai=50109450&service=chart&st=CA&cid=79&zid=2891558&rt=sf&ra=a&q=t%2Cu%2Cl%2Cb&s=median price&sz=l&ts=e&theme=oldchart - The Monte Sereno real estate market

app?pai=50109450&service=chart&st=CA&cid=79&zid=2891558&rt=sf&ra=a&q=t%2Cu%2Cl%2Cb&s=mean dom&sz=l&ts=e&theme=oldchart - The Monte Sereno real estate market

 

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

  1. 3 beds, 3 baths
    Home size: 1,778 sq ft
    Lot size: 1.17 ac
    Year built: 1948
  2. 6 beds, 6 baths
    Home size: 7,031 sq ft
    Lot size: 1.00 ac
    Year built: 2017

See all Real estate in the city of Monte Sereno.
(all data current as of 12/11/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Mary Pope-Handy

Realtor
ABR, CIPS, CRS, SRES
Sereno Group Real Estate
214 Los Gatos-Saratoga Rd
Los Gatos, CA 95030
408 204-7673
Mary (at) PopeHandy.com
License# 01153805

Selling homes in
Silicon Valley, with
special focus on
Los Gatos

and nearby areas,
including
Monte Sereno,
Saratoga,
Campbell,
and the San Jose areas of
Cambrian and Almaden Valley

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