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 these statistics 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).

Also, there are only single family, detached houses in Monte Sereno: no apartments, multi unit housing (2 – 4 plex), no duet homes (attached single family homes). That will be changing soon, however, as the old La Hacienda property (formerly an estate, then a hotel and restaurant) at Hwy 9 and Austin Way will likely become incorporated into Monte Sereno and condos or townhomes built there.

Also, this month’s data will show some of the effects of the pandemic on the real estate market, but the whole of it and plenty has changed since March 2020! To learn more about how Covid-19 is affecting the local real estate market, please check Coronavirus Impact on Real Estate Sales on my other blog.

During the shutdown so far, the Multiple Listing Service (MLS) stopped the timer on all Days on Market (DOM) for a time. Therefore these numbers will be off beginning from March 17th through around May 17th, 2020. In the data below, this will affect any numbers related to the days on market, the absorption rate, and the days of inventory from those months, but current numbers should be accurate.

First up for the market analysis is the Altos Research weekly profile for Monte Sereno (uses list prices, not sales):

 

 

This chart shows a slight seller’s market, falling from a strong market last month with declining market action. List prices have been holding relatively steady, although the price per square foot is dropping, inventory is extremely low and stable, and days on market are leveling out.

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

Read moreThe Monte Sereno real estate market

Twin Creeks neighborhood in Monte Sereno

Twin Creeks Road near the creekThe Twin Creeks neighborhood in Monte Sereno (and a small number in Saratoga) enjoys an ideal setting away from busy commercial roads, with gently curving streets graced by creeks, an abundance of trees, and the coastal foothills as its backdrop. It’s a more rural community in that you won’t find sidewalks, curbs, gutters, or many street lamps – if any. Property in this area is impeccably presented, with nicely maintained or updated homes and often gorgeous landscaping. Both homes and land tend to be large, though not in every case.

The neighborhood does not come across as pretentious at all, although of course it is a very costly place in which to buy a home. I think it comes across as more low key because the homes seem proportionate to the land, and many are ranch style rather than something trendy. These lovely houses are in sync with the space around them, so you don’t end up with the McMansion effect. The houses are nice but do not crowd the land.

As with most of Monte Sereno, this charming neighborhood is served by the Los Gatos Union School District (or the Saratoga Union School District for the handful in Saratoga) and the Los Gatos-Saratoga Joint Union High School District.

What are properties like in the Twin Creeks area?

Read moreTwin Creeks neighborhood in Monte Sereno

List of Los Gatos neighborhoods

The Town of Los Gatos is about 11 square miles and is comprised of dozens of neighborhoods in various parts of town, with different schools, zip codes, price points, plusses and minuses.  Here on the Live in Los Gatos blog there have been many, many real estate articles devoted Los Gatos neighborhoods.  Below please find links to neighborhood posts with descriptions and photos, primarily on “Live in Los Gatos” but in some cases on one of my other sites.
West Los Gatos neighborhoods
(More neighborhoods to come as time permits – I have about 25 on my list.  Want your subdivision included? Please email me and I will put it on the To Do list!)

Read moreList of Los Gatos neighborhoods

Loma Serena neighborhood

The Loma Serena neighborhood in Monte Sereno is semi-rural, and it enjoys the distinct advantage of being an equestrian community. This community offers horse trails and a stable which can be rented by home owners in the community. This is a wonderful plus, as many equestrian areas feature homes that are perhaps a little more rural, on larger lots, and which feel less like a neighborhood. Loma Serena enjoys both the neighborhood feel and the community trail and stables. It’s the best of both worlds.

Loma Serena neighborhood in Monte Sereno
Loma Serena neighborhood in Monte Sereno

Where is the Loma Serena neighborhood?

The Loma Serena subdivision is located partially along and just off of Daves Avenue in Monte Sereno as well as on and near Vineland. It is adjacent to the Twin Creeks neighborhood to the west and is just south of the English Oaks neighborhood (in Los Gatos). Loma Serena is within the Los Gatos Union School District (most of Monte Sereno is, but part is within the boundaries of the Campbell School District).

Map of the Loma Serena neighborhood in Monte Sereno
Map of the Loma Serena neighborhood in Monte Sereno

Loma Serena neighborhood streets include:
Daves
Equestrian Way
Via Encantado
Via Palomino (off Vineland)
Via Caballero
Via Pinto
Via Vaquero
Vineland
Plus  one home on Alma Jo Ct, and one home on Twin Creeks

Loma Serena equestrian area
Loma Serena equestrian area

What are the homes like in the Loma Serena area of Monte Sereno?

There are 89 parcels (one vacant parcel, the other 88 with a house built), and 85 of them are part of tract number 3393, for those of you interested in doing some research yourself.

 Loma Serena house in Monte Sereno
Loma Serena house in Monte Sereno

Most houses were built between 1964 and 1975 (the marjority in the 60s) as ranch style homes. The living space ranged in square footage from 2100 or 2300 up to about 3200 SF. Many have since been either rebuilt or enlarged and remodeled extensively and may not look like ranch or ramblers today, but driving through the area, it’s predominantly still single story, larger, unpretentious ranch style houses. Today, a few properties have more than 5,000 SF and the average home size is 3286 square feet. Most have 4 or 5 bedrooms, but some have as few as 3 bedrooms, and a handful have 6 bedrooms.

In addition to a more typical ranch style house, in this area you will also find some striking modern and contemporary 2 story homes.

Loma Serena cul-de-sac house
Loma Serena cul-de-sac house

Lot sizes average about a half acre – most homes sit on parcels of 20,000 to 25,000 SF, but a few are bigger. The average, by my calculation, is 25,550 SF.

Loma Serena neighborhood real estate info

What does it cost to buy a home in this scenic community? Like most of Monte Sereno, real estate prices are high here.  For most properties, values will run between $3 and $4 million, but larger estate like homes which are rebuilt or extensively remodeled and expanded could fetch more than $4 million. A small, “all original” home needing a lot of work might possibly go for less than $3 million, depending on many factors.

This is a small pocket, and turnover is low!

See also the Altos Research weekly real estate market report for Monte Sereno (updates automatically).

Below, I tried to map the neighborhood on the program which allows to to display listed, pending, and sold properties here. My map may not be 100% correct, but the homes showing will give you a general idea of the real estate pricing in Loma Serena.

 

  • List View
  • Map View
  • Grid View

See all Loma Serena.
(all data current as of 4/22/2021)

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

 
 
Loma Serena common area
Loma Serena common area

Los Gatos Luxury Home Market

The Luxury Home Real Estate Market in Los Gatos & Monte Sereno: today I crunched the numbers from MLS Listings to get the absorption rate or months of inventory for estate properties over $2,000,000 in Los Gatos 95030, Los Gatos 95032, Monte Sereno (both 95030 & 95032), and the Los Gatos Mountains 95033.   Monte Sereno is a red hot market for estate properties, while the Los Gatos Mountain areas are not moving a lot of super expensive properties.  Have a look below.

Los Gatos area luxury market

Next we’ll look at live charts from Altos Research (to which I have a subscription)

List prices of homes for sale in the topmost price quartile in Los Gatos, Monte Sereno and the Los Gatos Mountains

Real Estate Market Chart by Altos Research www.altosresearch.com

Read moreLos Gatos Luxury Home Market

About the city of Monte Sereno

West Valley hillsAn Introduction to Monte Sereno, California

Nestled against the base of the Santa Cruz Mountains on the west side of Santa Clara County (about an hour south of San Francisco and a few minutes from San Jose), adjacent to the town of Los Gatos, Monte Sereno is a scenic, small city which is semi-rural  with neither sidewalks nor street lights. It has, in fact, the tiniest population of the 15 cities within the County, having just about 4000 residents in about 1.6 square miles.  There are no businesses in town, just residences, the city office and post office, and Daves Avenue School. It is one of the most highly regarded and upscale communities in Silicon Valley.

Monte Sereno enjoys many rolling hills and green views of the coastal range, particularly El Sereno, the peak of which rises over the the city and has an elevation of 2249 feet.  There is an open space preserve there now, with 1415 acres and 7.4 miles of trails.  Please see the El Sereno Open Space Preserve website for information on parking, trail maps, equestrian trails, and more. As you might imagine, the city is named for this mountain: monte – mountain, sereno – serene, calm or pleasant.  And it is a pretty calm place to be.

Monte Sereno shares schools, police, parks and the library with the town of Los Gatos, so they have much in common.

Monte Sereno Zip Codes

 

Almost 100% of Monte Sereno falls into the 95030 zip code, with a very tiny sliver belonging to the 95032 zip code. Both of these zip codes are also utilized by neighboring Los Gatos.

Monte Sereno Public Schools

 

Of the approximately 1250 households in Monte Sereno, all but about 60 of them fall within the boundaries of the highly regarded Los Gatos School District. The other small minority is in Campbell Schools.  (You can check the assigned schools on this website: SchoolAndHousing.com)

Read moreAbout the city of Monte Sereno