Real Estate Report presented by Mary Pope-Handy & Clair Handy

February 2024 Report

Single Family Homes in Santa Clara County, Monte Sereno, All Neighborhoods Change >


Median Price
$4,840,000
+12.2%
Average Price
$5,626,300
+30.4%
No. Sold
3
+50.0%
Pending Properties
0
-100.0%
Active
6
+50.0%
Sale/List Price Ratio
97.4%
-8.0%
Days on Market
51
+926.7%
Days of Inventory
56
-6.7%

Market Barometer

Enlarge >
Loading...

Market Commentary

Prices and Sales Continue to Rise

The median sales price for single-family, re-sale homes was up 20.5% compared to last year.

The average sales price for single-family, re-sale homes was up 10.4% year-over-year.

Sales of single-family, re-sale homes were up 26.8%, year-over-year, in February. There were 383 homes sold in Santa Clara County last month. The monthly average since 2000 is 987.

The sales price to list price ratio rose from 103.4% to 107.4%.

Pending sales were down 53.5% year-over-year.

Inventory of single-family, re-sale homes was down for the eleventh month in a row. It fell 24.5% compared to last year. As of March 5th, there were 401 homes for sale in Santa Clara County. The average since January 2000 is 2,703.

Days of Inventory, or how long it would take to sell all homes listed for sale at the current rate of sales, fell from 30 days to 29 days. The average since 2003 is 89.

It took twenty days to sell a home last month. That is the time from when a home is listed for sale to when it goes into contract.

The median sales price for condos was up 8.2% compared to last February. The average sales price gained 10% year-over-year.

Condo sales were up 24.8% year-over-year. There were 206 condos sold in February.

The sales price to list price ratio rose from 101.1% to 103.9%.

Condo inventory was down 1.4% compared to last February.

As of March 5th, there were 214 condos for sale in Santa Clara County. The average since January 2000 is 757.

Days of inventory fell from forty-four to twenty-nine.

It took an average of twenty-one days to sell a condo last month.

If you are planning on selling your property, call me for a free comparative market analysis.

 

Prices & Sales

Enlarge >
Loading...

Days of Inventory

Enlarge >
Loading...

Sales to Date

Enlarge >
Loading...

Sales Price Ratio

Enlarge >
Loading...