A Different Look at The Bay Area Real Estate Market By Analyzing the Price Per Sq. Ft. of Recent Sales

In this Graph for the Town of Danville you will see what has been going on with closed sales and home prices. The graph demonstrates the average price per square foot for all sales over the past year. This roller coaster looking graph tracks with the median sales price for homes and shows how the market has rebounded over the last several month. Many economists have been speaking about the market and how it is experiencing a double dip. As you see, the double dip has not yet started in the Danville Real Estate Market. I do expect prices to flatten out over the next few months and we may in deed see a reduction in prices through the winter.