The Monte Sereno real estate market

Monte Sereno Stained Glass Click HereThe City of Monte Sereno is a popular community bordering Los Gatos, Saratoga, and the Santa Cruz mountains. It’s also quite small, with just about 3,500 residents, so tracking the real estate market trends for the area can be tricky.

The number of houses sold in any given month will always be extremely small and the data will jump around. Checking the Los Gatos market will also help, but the best pulse on the market will come from particular sales in particular neighborhoods.

Houses make up most of Monte Sereno – there are no commercial buildings, just a post office, city hall, and an elementary school. There are also extremely few residential properties that are not detached single family homes. We don’t track the condo or townhomes in this area as we do in other communities because there just wouldn’t be enough (if any) data for it!

First up for the market analysis is the Altos Research weekly profile for Monte Sereno (uses list prices, not sales). This is updated automatically, so feel free to check this article weekly to see what’s happening now with list prices.

 

 

Below is the Monte Sereno Real Estate Report (click to view the complete Real Estate Report).

Trends at a Glance from the RE Report:

The May chart shows only 1 home sold, so take all of the averages and medians for this month’s data with that lone sale in mind. Even for Monte Sereno that’s nothing! Still, the number of pending sales have increased and active inventory is tiny but looking up.

Compare this to April’s data and it looks like the May sale moved as quickly, with not as high of an overbid, and was more than $1M above the previous month’s average price point. In April, the MLS showed that half of that month’s closed listings sold between $3.7 – $4 million and the other half ranged between $4.5 – $5.3 million, so May’s sale was above all April sales. In this luxury price point is common to see a lower sale to list price ratio than towards the middle of the market, so take that percentage with a grain of salt.

Inventory has been extremely low with high demand, and Monte Sereno remains in a strong seller’s market.

 

Trends At a Glance May 2022 Previous Month Year-over-Year
Median Price $5,525,000 (+31.2%) $4,212,500 $3,850,000 (+43.5%)
Average Price $5,525,000 (+28.0%) $4,316,600 $4,101,500 (+34.7%)
No. of Sales (-83.3%) 6 10 (-90.0%)
Pending (+80.0%) 5 (+200.0%)
Active (+14.3%) 7 11 (-27.3%)
Sale vs. List Price 101.4% (-13.1%) 116.6% 108.3% (-6.4%)
Days on Market (-12.5%) 8 29 (-75.8%)
Days of Inventory 240 (+609.4%) 34 33 (+627.3%)

 

MLS info pulled directly: the charts below all were pulled from MLS Listings.com

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Los Gatos Free Music Concert Series: Music in the Park, Jazz on the Plazz and Vasona Vibrations Schedule of Events and Performers

Los Gatos Free Music Concert Series Collage Summer 2022 small

Summer 2022 is just around the corner, and Los Gatos is gearing up for a season of music to remember! The last couple of years many of Los Gatos’ free concert series were canceled due to Covid, but this year they’re ready for a comeback.

Some of our old favorites, like Jazz on the Plazz, are back for the first time since 2019, some are gone for good, and some newfound favorites are returning! Most artists and schedules have been announced and, knowing that you are as excited about these as I am, I have compiled a calendar of free outdoor music events for us all!

Below please find a compilation of the FOUR different Los Gatos free musical concert series. As always, the information below is believed to be reliable, but as with any concert or outdoors event it is subject to change, so double check the website prior to going and always read the rules (especially if you plan to picnic). Hope to see you there!

2022 Summer Concert Series: Free Music and Fun in Los Gatos

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Virtual WineFest: Tasting Fundraiser by the Los Gatos Rotary!

Los Gatos Rotary Club Virtual WineFest & Auction 2022While the annual CrabFest is postponed another year, the Rotary Club of Los Gatos is continuing a new tradition with their 2nd annual Virtual WineFest & Auction! Save the date for Saturday, January 29th at 5pm!

This year’s event centers around gourmet bites and Argentinian wines (or try the non-alcoholic selection) guided by sommelier Joe Chiodo. Tickets include a Wine Tasting Kit for 2 with curbside pick-up from Rootstock Wine Bar prior to the event. Evening entertainment includes a live performance by Lavender Fields.

And as always, the main event is the charity auction! Proceeds benefit the Rotary Charities foundations, and this year the “Raise the Paddle” auction item benefits Los Gatos House of Hope, West Valley Community Services, and Peninsula Food Runners to help fight hunger and food insecurity locally.

Virtual WineFest & Auction

For ticket sales, event details and updates, contact the event team, or donate directly check the Los Gatos Rotary website and Virtual WineFest & Auction event page. Each ticket is for a 2-person tasting experience at a cost of $150.

The event is also posted on the Los Gatos Chamber of Commerce event calendar with easy links to save the date on your virtual calendar and view a video promotion for the event.

How old are the oldest houses in Los Gatos and nearby?

Historic Homes in Los GatosIf you drive through the Edelen, Almond Grove, Fairview Plaza, Glenridge and other older and historic Los Gatos neighborhoods, you may have wondered how far back in time these architecturally interesting properties go. What are the oldest residences in town, or close by?

Los Gatos Historic Homes

Are there Adobes?

In the Santa Clara Valley, there are a handful of old adobe homes here and there, such as the Peralta Adobe in downtown San Jose (built in 1797), and the Santa Clara Women’s Club Adobe (built in 1790), and many more. I can’t say for certain if there are any remaining 18th-19th century adobe homes in Los Gatos. If they exist the most probable properties are around the Los Gatos Saratoga border, are private, occupied homes, and have extensive additions and modifications.

Victorian Era: Gold Rush to Gem of the Foothills

When discussing historic homes in the Bay Area, the Victorian undoubtedly comes to mind. And Los Gatos has plenty! A search of county real estate records for Los Gatos homes (in town, 95030 & 95032 plus the mountains, 95033) spanning the era from 1837-1901 revealed hundreds of properties identified as Victorian construction. It displayed about about 375 in 95030, 120 in 95032, and also about 140 in 95033.

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Ming Quong: a Los Gatos Monument

Ming Quong Arch appx c.1940
Children playing beneath the arch at the entrance to the Loma Alta Home around 1940.

At the end of Loma Alta Ave in the foothills sits the Los Gatos campus of Uplift Family Services, formerly Eastfield Ming Quong (EMQ) Family First. Tucked away among quiet residential streets, this unassuming establishment often goes unnoticed by locals, but it has deep roots in this Town and across the Bay Area, and especially within the Chinese community.

Origins: “Radiant Light”

Discriminatory laws such as the Chinese Exclusion Act (1882-1943) took their toll on US Chinatowns. Organized crime took hold in US Chinatowns and with it, human trafficking. Tong kidnaped Chinese women, smuggling them through the Golden Gate and into prostitution and slavery. In the late 19th century, Presbyterian missionaries in San Francisco began an effort to help the victims, women and children, escape to safety.

This undertaking expanded, providing safe houses and orphanages: Chung Mei (“China America”) Home for boys and Ming Quong (“radiant light”) Homes for girls.

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Mountain Charley

Mountain Charley's Saloon sign - named after the colorful figure well known in Los Gatos“Mountain Charley” was one of the first non-native settlers to this area and he made his home in the summit area of  the Santa Cruz Mountains beginning in 1851. (In some places, he’s referred to as Mountain Charlie.)

Mountain Charley’s Wild West

Charles Henry McKiernan was an Irishman turned Californian ’49er whose main claim to fame is that he was attacked by a thousand pound, angry mama grizzly bear and managed to live despite losing a chunk of his skull to her.

Mountain Charley lived a full life for more than 40 years after the encounter. He married a nurse who cared for him after his 3rd operation, and together they raised a large family of 7 children. Charley had a variety of other wild encounters from stagecoach robbers to trained elephants, but he was a prosperous businessman in this rough and tumble era and accumulated thousands of acres of valuable land.

His colorful story lives on as part of the town of Los Gatos’ more interesting history – and folklore.

Related Reading

E Clampus Vitus has a page on Mountain Charlie if you’d like to learn more.

Another colorful person in Los Gatos, sometimes confused with Mountain Charley, was Charley Parkhurst, written about in Surprises of the Wild West of Los Gatos on this site.

The Promenade: Strolling Downtown Los Gatos with Live Music this Summer! 7/1 – 8/12, 2021

Los Gatos Chamber of Commerce: The Promenade Thursdays poster
Los Gatos Chamber of Commerce poster for the Promenade!

The Los Gatos Chamber of Commerce invites the community to celebrate summer together with free live music all summer!

Thursday Promenades in Downtown Los Gatos

There’s a party in downtown every Thursday Promenade beginning this week! Every Thursday evening, 3pm to 8pm from July 1st to August 12th, the stretch of North Santa Cruz Avenue in downtown Los Gatos between Main St and Bachman (that’s from Dolce Spazio to Andalé for the foodies) will transform into “the promenade.” The street will be open to foot traffic, and two stages will bookend the promenade with live musical entertainment!

Bands will begin performances at 4:30pm on the North Stage (Bachman), and at 5:30pm on the South Stage (Main), with entertainment from a different group each week. See the lineup (and any changes) on the Los Gatos Chamber of Commerce calendar, the Thursday Promenades page linked above, or Camber of Commerce social media pages.

Drivers, plan to reroute around this stretch of N. Santa Cruz Ave on Thursday nights. While there is usually plenty of parking along the old rail line behind the shops, it tends to fill up with festival traffic, so schedule in some extra time for parking. If you’re coming for the event, consider traveling by bike, or using a ridesharing service if you plan on patronizing any of the bars or brewery!

As someone who regularly attends free summer concerts in Los Gatos, which were mostly canceled earlier this year (and the Fiesta de Arts / Wine Walk postponed until September), the Promenade is music to my ears!

So invite your friends to eat, drink, play, and stroll the night away!

Los Gatos Chamber of Commerce: Thursday Promenades Live Music Schedule 2021
Musical lineup, taken from the Los Gatos Chamber of Commerce Facebook page. Click to see the original post.