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).
More commentary below, near the end of the post. – Next, the data.
Altos Research weekly profile for Monte Sereno (uses list prices):
Trends at a Glance from the RE Report:
|Trends At a Glance||Mar 2019||Previous Month||Year-over-Year|
|Median Price||$0 (-100.0%)||$2,675,000||$5,800,000 (-100.0%)|
|Average Price||$0 (-100.0%)||$2,675,000||$5,800,000 (-100.0%)|
|No. of Sales||0 (-100.0%)||2||1 (-100.0%)|
|Pending||0 (N/A)||0||1 (-100.0%)|
|Active||13 (+116.7%)||6||7 (+85.7%)|
|Sale vs. List Price||0.0% (-100.0%)||97.3%||96.7% (-100.0%)|
|Days on Market||0 (-100.0%)||8||72 (-100.0%)|
|Days of Inventory||0 (-100.0%)||81||210 (-100.0%)|
And from February 2019:
|Trends At a Glance||Feb 2019||Previous Month||Year-over-Year|
|Median Price||$2,675,000 (N/A)||$0||$3,225,000 (-17.1%)|
|Average Price||$2,675,000 (N/A)||$0||$3,686,880 (-27.4%)|
|No. of Sales||2 (N/A)||0||4 (-50.0%)|
|Pending||0 (-100.0%)||1||0 (N/A)|
|Active||6 (+100.0%)||3||5 (+20.0%)|
|Sale vs. List Price||97.3% (N/A)||0.0%||96.4% (+0.9%)|
|Days on Market||8 (N/A)||0||9 (-13.5%)|
|Days of Inventory||81 (N/A)||0||34 (+140.0%)|
Altos Research Charts for Monte Sereno
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.
Did I mention that small data can create some really strange looking monthly shifts?
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: https://liveinlosgatosblog.com/hows-the-market/altos-research-live-charts-for-monte-sereno-95030/
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 right now – 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.
Next, what kind of home is available to purchase in Monte Sereno now?
Monte Sereno Homes for Sale
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(all data current as of 6/16/2019)
Listing information deemed reliable but not guaranteed. Read full disclaimer.