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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 5 available homes at the end of March.
  • The sales to list price ratio skyrocketted to 112.3%, soaring +15.4% since the month prior.
  • As of today, April 12, 2024, there are 7 available Monte Sereno homes for sale (of those, 1 is Member’s Only: Show and 1 is Member’s Only: No Show), 3 pending sales, 0 contingent sales, and 3 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.

March: 2 Sales

Trends At a Glance Mar 2024 Previous Month Year-over-Year
Median Price $4,550,000 (-6.0%) $4,840,000 $3,726,000 (+22.1%)
Average Price $4,550,000 (-19.1%) $5,626,300 $3,738,670 (+21.7%)
No. of Sales (-33.3%) 3 (-33.3%)
Pending (N/A) 0 (-25.0%)
Active (-16.7%) 6 (0.0%)
Sale vs. List Price 112.3% (+15.4%) 97.4% 100.1% (+12.2%)
Days on Market 13 (-74.7%) 51 44 (-70.7%)
Days of Inventory 75 (+33.9%) 56 50 (+50.0%)

 

While the lack of sales and listings can make the data in these charts swing wildly, the overall chart shows a hot spring market that’s moving a little slower in this high-end community. 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

 

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See all Monte Sereno, CA Homes for Sale & Recently Sold.
(all data current as of 4/20/2024)

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