How is the Monte Sereno real estate market? Because the city is small, with just about 4000 residents, there usually are few homes listed for sale or selling, and with small numbers we can get seeming volatility.  Here are the quick statistics for the closed sales in the last 4-7 weeks to give a sense of how things are going. Sales data for April comes from my Monte Sereno Real Estate Report  and data for the last 30 days comes from me via the MLS (I crunched them this morning).

Median sales price of houses sold in Monte Sereno in April was $1,415,000.  For the last 30 days, it was $2,169,857.

Average Days on Market of houses sold in April was 97.  But for the last 30 days, it’s 78.

The sales price to list price ratio in April was 95%.  The last 30 days it’s up to 97%.

The market is better all around for home sales in Monte Sereno than it was just a couple of months ago. Next, let’s look at the live charts from Altos to see how active listings reflect the market as seen from viewing the solds.

Live Altos Charts for the Monte Sereno Real Estate Market

The median list price of all homes listed on the MLS in Monte Sereno and in San Jose – an interesting comparison!  San Jose has far fewer dips and jumps than Monte Sereno….Good improvement showing recently, though.

Pricing in Monte Sereno, California, by price quartile – the high end took a nose dive on its list pricing for a few months, but now is in recovery too!

Average days on market in Monte Sereno, CA, by price point Interesting that the most expensive homes are not the hardest to sell:

Inventory for all Monte Sereno listings over the last few years (back to 2005) – quite a jump in homes on the market in 2010 compared to normal for this small city:

About Monte Sereno, CA

Monte Sereno is a lscenic, upscale residential community of about 4000 people. It’s located adjacent to the town of Los Gatos and the city of Saratoga, California. There are no businesses in Monte Sereno – just Daves Avenue School, homes, the post office, and the city office building along Highway 9.  It is semi-rural. Some folks mistakenly think that whatever is happening in Los Gatos with the housing market is also reflective of the Monte Sereno real estate market. They are sometimes quite different, particularly as prices are higher in Monte Sereno and about 1/3 of Los Gatos is served by the Campbell or Union School Districts (while only a tiny sliver of MS is in those districts). A couple of years ago, I listed and sold a lovely home on in this city.  You can check out the information on my popehandy.com website (link above).

More info on this city: Official Monte Sereno city website Wikipedia article on Monte Sereno

Monte Sereno Real Estate

With very few exceptions, Monte Sereno consists of houses and estates or luxury homes (there are a few townhouses). Most lots are larger, usually at least a quarter acre lot.  One neighborhood enjoys a shared stable and horseback riding trails (those homes are on about 1/2 acre lots). As of this writing, properties currently available (listed on our MLS) range from about $1,300,000 to more than $5,000,000.  This can vary tremendously.  A move-in ready house will not likely be found in Monte Sereno for less than one million dollars.  (Last year a fixer on a busy road did sell for $750,000, though.) It is not uncommon to spend upwards of $1.5 million in home buying there.

Find Homes for Sale in Monte Sereno, California

Showing properties 1 - 5 of 9. See more city of Monte Sereno real estate.
(all data current as of 5/25/2012)

1. $3,999,999 : 18090 Daves Av, Monte Sereno
   
   6 beds, 6 full, 1 part baths

   Home size: 7,000 sq ft

   Lot size: 43,560 sqft
   
2. $2,295,000 : 15630 Michael Ln, Monte Sereno
   
   5 beds, 4 full, 1 part baths

   Home size: 3,924 sq ft

   Lot size: 9,583 sqft
   
3. $1,599,950 : 16172 Rose Av, Monte Sereno
   
   4 beds, 2 full baths

   Home size: 2,212 sq ft

   Lot size: 17,327 sqft
   
4. $1,799,950 : 16215 Rose Av, Monte Sereno
   
   4 beds, 2 full, 1 part baths

   Home size: 3,508 sq ft

   Lot size: 9,147 sqft
   
5. $4,500,000 : 16036 Greenwood Rd, Monte Sereno
   
   7 beds, 7 full, 1 part baths

   Home size: 7,336 sq ft

   Lot size: 1.17 ac
   

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

Tags: homes for sale, house, houses, Los Gatos, Luxury Homes, market, Market Report, Monte Sereno, Real estate

This entry was posted on Thursday, May 10th, 2012 at 6:02 am and is filed under How's The Market?, Market Reports, Monte Sereno. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.