The Monte Sereno real estate market is similar to Los Gatos, but distinct - Monte Sereno shares many features with Los Gatos but is a distinct cityHow 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. Last month, for instance, there were only three homes sold and one pending!

There are no condominiums or townhomes in Monte Sereno at present. One of the major challenges for this city is to ensure that at least some housing units are deemed “affordable.” You can find the city’s housing plan here (a pdf online):
http://www.montesereno.org/DocumentCenter/Home/View/674

Recently closed home sales in Monte Sereno

Here are the quick statistics for the closed sales in the last complete month to give a sense of how things are going with the Monte Sereno real estate market. Sales data comes from my Monte Sereno Real Estate Report. Given that the supply of homes to study is tiny, what can we tell from this data?

It’s true that an average Monte Sereno house is about $2.5 million, and often higher in the current market – a little steep for most folks! The current numbers definitely show a massive swing in price point, but this is mostly due to the minute inventory where the data is drawn from. During times like this, it’s more important to look at the trends over multiple months than to base your understanding of the market off one month, and to compare with similar, nearby markets like Los Gatos.

And a look at the data from last month for the Monte Sereno real estate market:

Continue reading to view live Altos Research charts for the real estate market in Monte Sereno, including by pricing quartile.

Next, let’s look at the live charts from Altos to see how active listings reflect the market as seen from viewing sold listings.

Live Altos Research 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…. improvements from earlier last year took a nose-dive around the new year but have been skyrocketing upward since April and surpassed last year.

Real Estate Market Chart by Altos Research www.altosresearch.com
Pricing in the Monte Sereno real estate market, by price quartile. ago.

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

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

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

Inventory for all Monte Sereno listings and homes for sale 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. It’s easy to see where inventory hit rock bottom in 2014, and it’s been a game of catch-up ever since. Unfortunately, the market isn’t showing signs of catching up any time soon:

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

About Monte Sereno, CA

Monte Sereno is a scenic, 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).

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 approximately $2,250,000 to nearly $7,000,000!  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.

Final note on this area and market influences- while nearly all Monte Sereno properties are within the boundaries of the Los Gatos Union School District and the Los Gatos – Saratoga Joint Union High School District, a small handful has Campbell schools with the Campbell Union High School District. Homes in the latter area will sell for a bit less, so sales there will pull the average and median sales price down a little and not give an accurate impression for most of the city’s real estate market.

 

Find Homes for Sale in Monte Sereno, California

  1. 4 beds, 3 full baths
    Home size: 3,089 sq ft
    Lot size: 41,382 sqft
  2. 4 beds, 2 full, 1 half baths
    Home size: 2,800 sq ft
    Lot size: 9,583 sqft
  3. 3 beds, 2 full, 2 half baths
    Home size: 3,300 sq ft
    Lot size: 30,187 sqft
  4. 4 beds, 3 full, 1 half baths
    Home size: 5,010 sq ft
    Lot size: 26,397 sqft
  5. 5 beds, 5 full, 2 half baths
    Home size: 5,356 sq ft
    Lot size: 1.11 ac

See all Real estate in the city of Monte Sereno.
(all data current as of 2/24/2017)

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

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Mary Pope-Handy
Realtor
ABR, CIPS, CRS, SRES
Sereno Group Real Estate
214 Los Gatos-Saratoga Rd
Los Gatos, CA 95030
408 204-7673
Mary (at) PopeHandy.com
License# 01153805


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