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The Monte Sereno real estate market

The Monte Sereno real estate market

Monte Sereno Stained Glass Click Here
The 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.

Info at a glance (details further below):

  • This city is currently in a seller’s market with severely low inventory, just 4 available homes at the end of January.
  • The sales to list price ratio shot up to 105.9%, rising +5.9% since the last month and +8.6% compared to last year.
  • As of today, February 15, 2024, there are 5 available Monte Sereno homes for sale (1 is Member’s Only: Show, and 1 is Member’s Only: No Show), 1 pending sale, 0 contingent sales, and 2 closed sales so far this month in Monte Sereno.

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, some churches or religious grounds, 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 number of home sales is very small in Monte Sereno. Even when there are sales, one or two outstanding properties could cause major waves in the data, so take this summary with a grain of salt.

January: 2 Sales

Trends At a Glance Jan 2024 Previous Month Year-over-Year
Median Price $4,314,400 (+72.6%) $2,500,000 $3,250,000 (+32.8%)
Average Price $4,314,400 (+72.6%) $2,500,000 $3,386,120 (+27.4%)
No. of Sales (+100.0%) 1 (-60.0%)
Pending (0.0%) 3 (N/A)
Active (-20.0%) 5 (+33.3%)
Sale vs. List Price 105.9% (+5.9%) 100.0% 97.4% (+8.6%)
Days on Market (-76.2%) 21 51 (-90.2%)
Days of Inventory 60 (-60.0%) 150 18 (+233.3%)

 

While the lack of sales and listings can make sales data (like price and days on market) swing wildly, we can see that the closed and pending sales are higher than the number of available listings, and sales are happening extremely quickly. When inventory and sales are this low it’s crucial to track the neighboring Los Gatos market as well, to gain a bit more insight.

 

What does it cost to live in Monte Sereno? With an average sale price of roughly $3 – $4 million, you may wonder if anything sells that’s not in the stratosphere – can you buy an entry-level Silicon Valley home in Monte Sereno? The short answer is this: it’s not easy to find anything for under $2.5 million in Monte Sereno. Even a “fixer” often goes well above that. It can happen, although it’s rare, and the home will certainly be priced that way for a reason.

We also keep track of this market over at the Valley of Heart’s Delight blog, in addition to many other communities around Silicon Valley.

Other pricing consideration: what about schools?

Something else to be aware of is that most Monte Sereno 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.

Next, what kind of home is available to purchase in Monte Sereno now?

Click here to view Monte Sereno Homes for Sale

 

  • List View
  • Map View
  • Grid View

See all Monte Sereno, CA Homes for Sale & Recently Sold.
(all data current as of 2/22/2024)

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

 
 

 

 

 

 

 

 

Los Gatos real estate market statistics and trends

Los Gatos real estate market statistics and trends

Los Gatos real estate market graphic with home near downtownAs of today, February 12, 2024, the Los Gatos real estate market in 95030 & 95032 remains fairly strong, but the closed sales in January were cooler than it was a few months ago. Homes coming onto the market now that are in good shape, don’t have location issues, and are priced well are selling fast – within 2 weeks.

Across the county, first time home buyers are the most active and more entry level prices is the strongest segment.

Los Gatos real estate market statistics for the last 30 days (not a calendar month)

Numbers for today (pulled from the MLS), going back to January 12 (1 month ago):

  • 14 houses for sale today (Feb 12, 2024) (1 has a Los Gatos mailing address, not actually in the town)
  • 2 are contingent, 8 are sale pending (no contingencies) – same as last month
  • 5 have closed in the last 30 days (1 of them has a LG mailing address, isn’t actually in town)
    • average home size 1,924 SF
    • average lot size 12,877 SF
    • average days on market = 58
    • average sale price  $2,645,000
    • median sale price $2,520,000
    • average sale to list price ratio 101%

The sales since mid-February are smaller, more modest homes and don’t reflect the wider price points that we normally see in town.

Trends at a Glance from the RE Report for Los Gatos 95030 & 95032

The numbers below analyze data gathered during the first week of each month and cover real estate statistics from the month prior in Los Gatos 95030 & 95032 (all areas / school districts), or MLS “area 16”. See the full RE Report here.

These numbers never line up exactly with the MLS figures, but the data trends line up.  The market was a little cooler in January, but the average home price rose both annually and monthly just the same.

Trends At a Glance Jan 2024 Previous Month Year-over-Year
Median Price $3,510,400 (+15.3%) $3,044,500 $3,560,000 (-1.4%)
Average Price $3,558,130 (+17.6%) $3,024,940 $3,388,160 (+5.0%)
No. of Sales (-62.5%) 16 16 (-62.5%)
Pending 17 (+88.9%) 9 (+183.3%)
Active 24 (+9.1%) 22 28 (-14.3%)
Sale vs. List Price 104.6% (+6.0%) 98.7% 100.4% (+4.2%)
Days on Market 34 (-13.4%) 39 63 (-46.7%)
Days of Inventory 120 (+190.9%) 41 53 (+128.6%)

 

 

Further below you’ll find similar charts for houses in the Los Gatos Mountains and also condos and townhomes “in town”.

Los Gatos real estate market statistics: multi year data by month

Here is some Los Gatos real estate market data that I pulled directly from the MLS today.

Inventory of available homes for sale in Los Gatos 95030 and Los Gatos 95032

A quick glance at the last few years suggests that this inventory remains low, though better than the previous two years.

 

Inventory of homes for sale in Los Gatos 95030 and 95032, MLS Area 16

 

(more…)

Los Gatos Tree Lighting Ceremony

Los Gatos Tree Lighting Ceremony

2023 Los Gatos tree lighting ceremony and events Two of the best attended and most celebrated holiday events in town are the Los Gatos tree lighting and the parade, both of which usually happen the first weekend in December.

Annual Los Gatos Tree Lighting

This year, the Los Gatos Annual Tree Lighting Ceremony will take place Friday, December 1st, at the Town Plaza Park (located at Main & Santa Cruz).  Per the town’s website:

The event will begin at 5:00 p.m. with the lighting at 6:00 p.m. sharp. Free photos with Santa in the park will immediately follow the lighting until 7:00 p.m.

Normally there are snacks for sale and live music plays from local schools or from professional musicians. There aren’t many details on the town’s webpage, but no matter what, it is sure to be a very joyful event.

The annual holiday parade will take place the next morning. Details below.

The 67th Annual Los Gatos Children’s Christmas/Holidays Parade!

On the morning following the tree lighting, return to the downtown area to watch the annual Los Gatos Children’s Christmas/Holiday Parade travel down E Main Street and N Santa Cruz Avenue.

Date:  December 2, 2023
Time: 11:00 AM - 1:30 PM (typically ends 1 – 1:15 pm)

 

It begins at 11am rain or shine December 2nd. Parking and seats go quickly so plan to arrive early!

Sponsors include LGS Recreation, Los Gatos Lions club, and the Los Gatos High School.

Learn more at the LGS Recreation official parade page or on the Los Gatos Chamber’s website.

 

Los Gatos holiday parade

Los Gatos holiday parade

Looking for more to do in town? Check out the festive Los Gatos Carriage Rides, too.

 

 

 

Thanksgiving Interfaith Service in Los Gatos

Thanksgiving Interfaith Service in Los Gatos

Thanksgiving Interfaith Service in Los Gatos - cornucopia and candlesThe annual Thanksgiving Interfaith Service is a longstanding holiday tradition here in Los Gatos, and this year it’s both in person and virtual.

Thanksgiving Interfaith Service in Los Gatos: key info

Date: Thursday, November 16, 2023
Time: 7 – 8 p.m.
Location: Presbyterian Church of Los Gatos
16575 Shannon Road, Los Gatos CA 95030

In recent years there has been a live stream of the service (that’s how we have been watching it) and I have been told that it will be live streamed again this year on the church’s YouTube page.

Attendance is free.

A charity or worthy cause is always supported at these events. In the past they’ve included food and clothing drives as well as cash. This year’s recipient is Los Gatos Community-wide Service project Guatemalan Schools Book Drive

This lovely event is organized by the Los Gatos Interfaith Clergy Association. All are welcome!

Participating Congregations Include

Congregation Shir Hadash
Jewish Silicon Valley
Los Gatos United Methodist Church
St. Luke’s Episcopal Church
St. Mary of the Immaculate Conception
The Church of Jesus Christ of Latter-day Saints
The Presbyterian Church of Los Gatos (host)
The Terraces of Los Gatos
West Valley Muslim Association
Skyline Community Church UCC

Many thanks to all of you: those on the committee, the volunteers at the houses of worship who make this possible each year, everyone who donates, and everyone who prays with a grateful heart this season and always.

We wish each and every one of you a very Happy Thanksgiving and a wonderful holiday season!

 

Related reading

See other Los Gatos events  (or nearby) written about on this site

Vasona Park’s Fantasy of Lights (Light Festival)

Vasona Park’s Fantasy of Lights (Light Festival)

Fantasy of Lights 2023 graphicThe 25th annual Fantasy of Lights show at Vasona Lake County Park begins soon! Occasionally people call me to ask about it – please note that I do not run the event – I am only posting information about it. Full info can be found on the county’s park website, linked below.

25th annual Fantasy of Lights:

Get your tickets now, they sell out fast! Entry with prepaid tickets only!

What: The Fantasy of Lights

Walk-Thru

Fantasy of Lights Walk-Thru Saturday, December 2 and Sunday, December 3  4:00pm – 9:00pm

Adult (13 and up) – $15
Youth (4-12) – $7.50
Child (0-3) – FREE

Please note that this year’s tickets will go on sale in 3 different phases:

Phase 1: Wednesday, November 1st, 8:00am
Phase 2: Sunday, November 5th, 12:00pm
Phase 3: Friday, November 10th, 6:00pm

Drive-thru Nights

Fantasy of Lights Drive-Thru Tuesday, December 5 – Friday, December 30
(Closed December 25)

Regular Vehicle (passenger capacity up to 12) – $30
Large Vehicle (passenger capacity of 13-20) – $50
Oversized Vehicle (passenger capacity of 21 and up) – $100

 

Open rain or shine. As always, the Fantasy of Lights is closed on Christmas Day (Dec 25).

Where: Vasona Lake County Park, 333 Blossom Hill Road (near University Avenue) Los Gatos, CA

How much: Tickets must be purchased in advance available online through EventBrite.

Walk through cost is $15 for ages 13 and up, $7.50 for ages 4 – 12, and free for 3 and under (tickets still required for free entry!)

Drive through cost is $20 per regular vehicle (up to 12 passenger capacity), $50 per oversized vehicle (13+ passenger capacity).

More details:

Please check the county’s page for this event.

More questions? PLEASE do NOT call me about this event. Please contact the SCC Parks Department and check out their website for the Fantasy of Lights! The Vasona phone number is (408) 355-2201.

Please visit Live in Los Gatos for year round events, neighborhood information, photos around the town, interesting real estate market data, haunted places and the occasional historical tidbit.

Los Gatos is a wonderful place to visit during the holidays, but it’s also a great place to live year round! If you are interested in buying a home in Los Gatos (or selling one), please contact me, Mary Pope-Handy (contact information in the sidebar). I’m both a Realtor based in the Town of Los Gatos and a resident myself, working full time in helping nice folks to buy and sell homes here and throughout the west valley and greater Silicon Valley communities.

If you aren’t familiar with the area, here are a few things to know!
Buy a home in Los Gatos (info on neighborhoods, school districts, homes for sale to browse online, links to important local sites & info)
Relocating and buying a house in Los Gatos
Los Gatos real estate on Facebook
Monthly Los Gatos real estate market update
Los Gatos real estate market statistics & trends for houses
Los Gatos realty trends and stats for condos & townhouses