December 2019 Report
Single Family Homes in Santa Clara County, Monte Sereno, All Neighborhoods Change >
Average Price$3,504,000
+16.1%
Pending Properties3
-25.0%
Sale/List Price Ratio96.1%
-2.0%
Trends at a Glance
| Trends At a Glance |
Nov 2019 |
Previous Month |
Year-over-Year |
| Median Price |
$3,450,000 (+26.2%) |
$2,732,750 |
$2,450,000 (+40.8%) |
| Average Price |
$3,504,000 (+16.1%) |
$3,019,220 |
$2,450,000 (+43.0%) |
| No. of Sales |
5 (-16.7%) |
6 |
2 (+150.0%) |
| Pending |
3 (-25.0%) |
4 |
1 (+200.0%) |
| Active |
7 (-22.2%) |
9 |
4 (+75.0%) |
| Sale vs. List Price |
96.1% (-2.0%) |
98.1% |
92.7% (+3.7%) |
| Days on Market |
56 (+61.0%) |
35 |
20 (+179.0%) |
| Days of Inventory |
41 (-9.8%) |
45 |
58 (-30.0%) |
Market Commentary
The median sales price for single-family, re-sale homes in November was flat after being down for the past nine months in a row and eleven of the past thirteen months, year-over-year. It was up 2.2% from October.
The average sales price was down last month for the twelfth time in the past thirteen months, year-over-year. It fell 3.1%. It was down 2.3% compared to October.
The sales price to list price ratio rose to 100.2% from 100%.
Home sales dropped 10.3% from October, but, they were up 1.5%, year-over-year. There were 730 homes sold in Santa Clara County last month. The average since 2000 is 987. Year-to-date, home sales are down 4.8%.
Inventory was down for the third month in a row, after being higher than the year before fifteen months in a row. It dropped 31.5% last month.
As of December 5th, there were 753 homes for sale in Santa Clara County. The average since January 2000 is 2,778.
Days of Inventory, or how long it would take to sell all homes listed for sale at the current rate of sales, fell 13 days to 30 days compared to October. The average since 2003 is 89.
It is taking thirty-three days to sell a home. That is the time from when a home is listed for sale to when it goes into contract.
The median sales price for condos fell 2.8% from October, and, it was down 6.8% from last November.
The average sales price fell 0.1% from October, and, it was down 4.2% from last November.
The sales price to list price ratio rose to 100.4% from 100%.
Condo sales were up 9.5% year-over-year. Year-to-date, condo sales are down 5.8%.
Condo inventory dropped 19.7% from last November.
As of December 5th, there were 367 condos for sale in Santa Clara County. The average since January 2000 is 757.
Days of inventory fell to thirty-four from forty-four.
It took an average of thirty-eight days to sell a condo last month.
If you are planning on selling your property, call me for a free comparative market analysis.