The once sizzling hot Westside Danville real estate market has cooled

Where 2 years ago homes in the area would sell within a week with multiple offers, they are now sitting for 5-7 months without offers. There are currently 24 active homes listed in the Westside of Danville with 2 pending sales. This gives us an absorption rate of 12 months. A 12 month absorption rate is indicative of a strong buyers market and in general puts strong downward pressure on prices. The interesting thing is that the prices are not dropping as expected. Many of the homes on the market have had offers but the sellers are opting to wait for higher offers to come through.

Where are the buyers going?

Because of the relatively high price per square foot in the Westside Danville area, many buyers are opting to look at the Greenbrook area, or go further east to the new developments in the east side of Danville. Other areas that are seeing buyers are the Dougherty Valley area of San Ramon. The prices in this area have dropped by as much as 40% and buyers are taking a serious look at the square footage you get in this area compared to the Westside o Danville.

The real estate market in Westside Alamo is still doing well

In spite of the current nationwide real estate market with falling prices and bulging inventories, the Westside Alamo market continues to do well. The absorption rate is very simliar to that of Danville with the difference being the average home prices. In Danville the average price for listed homes is $950,000 wheras Westside Alamo is $2,000,000+. The absorption rate for both areas is 5 months with new listings parallelling sales.

Reasons for the strength of the Westside Alamo market

The Westside of Alamo has always been a very desireable place to live because of the quality of the schools, the proximity to open speace, the large lots (most lots are a minimum of 1/2 acre), and the unique warmth that the area offers. Because it is an unincorporated area of Contra Costa county, Alamo utilizes county and Danville services for Fire and Police.

Open Space

Within walking distance of Westside Alamo you have access to the Las Trampas hiking trail which offers miles of hiking and walking up to the ridgeline in the west part of the county. These trails provide for beautiful views of Mt. Diablo, the Tri-Valley, and the Eugene O’Neal Tao House.

The real estate market in Danville continues to move forward

In spite of the nationwide housing slump with double digit price drops and huge inventories, the Danville market has only dropped 6% in the past year with inventory levels at a neutral market number. The number of new listings is close to equal with sales and the absorption rate is at 5 months.

The areas doing well in Danville

The Greenbrook area which consists of Greenbrook, Danville Station, and Shadow Hills is seeing an absorption rate very near the overal Danville market level. The average price for listed homes is also within a few thousand dollars of the overal Danville average. In contrast the Westside Danville market has slowed dramatically and boasts an absorption rate of 12 months which is indicative of a sellers market. The interesting thing about the Westside Danville market is that prices are not dropping. A drop in home prices is usually the result of a sellers market, but in both the Westside and Sycamore

Beautiful downtown Danville

 areas, the sellers are opting to wait for the right offer instead of accepting offers at lower prices.

Great Westside Danville home on the market

Beautiful westside Danville home in the highly desired neighborhood of Danville Estates. This wonderful home features 2234 sq. ft. with a 15,000 sq. ft. parklike yard. Three large bedrooms and 2 full upgraded baths, hardwood floors, a beautiful formal living room, comfortable family room, updated kitchen with granite counters, formal dining room, and beautifully landscaped front a rear yards. This home is a must see for anyone looking for the perfect downtown location!!

This home is priced to sell at $1,199,000.

Other homes in Westside Danville

There are currently 24 homes in the market in Westside Danville. The average price of these homes is $1,510,000 with an average sq. ft. price of $503. The average days on market is 63.

The homes on the Westside are conveniently located near downtown Danville

There are many shops and restraunts in downtown Danville which is in the Westside of Danville. This is why it has become such a desireable location

Current listing in Danville

HUGE One Story 3385 Square Foot Upscale Home in a Cul-de-Sac, on a large lot, in one of Danville’s finest neighborhood’s with Pool! Just 2 minutes from prestigious BlackHawk! House is Vacant, Clean and ready for your family now! Neighbors are great too!
This home is listed at $1,235,000 and also features an 18,000+ square foot lot. This home is in the growing area of east Danville and is close to the Blackhawk plaza which features fine restraunts, shops, and entertainment.

This home is priced well and is ready to sell.

Other homes in Danville

There are 194 active listings in all of Danville. The average list price of these homes is $917,000 with and average price per square foot of $376. The average days on market for these homes is 69. Danville has a very stable home market and the inventory levels indicate that it is neither a buyers or sellers market.

The stability of the Danville market can be attributable to many factors

The factors contributing to the Danville market are: Strong schools, high quality of life, low crime, great childrens programs, good proximity to local attractions

West Alamo home is the perfect buy

Absolutely the best westside Alamo location. This wonderful home is close to shopping, award winning schools, miles of hiking trails, and many great restaurants. Recently upgraded with professionally designed landscaping, new granite and kitchen appliances, new master bath, new electrical panel, upgraded baths, and 3 large bedrooms this home is perfect for the young family or empty nester. This home features 2100 sq. ft of remodeled elegance with a 15,000 sq. ft professionally designed outdoor space and is priced at $1,200,000.

Other Westside Alamo homes on the market

There are currently 26 active listings in West Alamo. The average listing price is $2,345,000 with the average price per square foot being $602. The average days on market is 112. As compared to the Westside Danville market, West Alamo home prices are significantly higher with larger lots and normally larger houses. And even though the average days on market is high in West Alamo, the inventory level is neutral.

The area of West Alamo is comortable and family oriented

West Alamo has always been a desireable location because of the great schools, great programs for youth, and proximity to open space and nature.

Home sales in Westside Alamo

The current active real estate inventory in Westside Alamo is 27 homes. The average price is $2,312,000 and the average price per sq. ft is $599. The average days on market is 107. There are currently 8 pendings in Westside Alamo. The average list price for these pending homes is $1,170,000 with an average price per sq. ft of $481. The average days on market for these pendings is 84. This equates to 4 months of inventory.

Westside Alamo real estate market analysis

With 4 months of inventory currently on the market in Westside Alamo we are in a neutral to slight selleers market. This means that it is a good time to buy with some deals to be had, however, low-ball offers are not being considered in most instances. There are a number of bank owned and short sales but as a rule the Westside Alamo real etstate market is robust with most sellers willing to wait for a offer close to asking price. The areas of Westside Danville and Sycamore have a much longer time on market but the sellers are not caving in on price. The Greenbrook area is very comparable to the Danville market as a whole.

For more information on Westside Alamo

Alamo offers a great environment for outdoor activities

 real estate and activitiesThe following links contain useful information on the area of danville. Danville Chamber of Commerce, Discover Danville, Sports in Danville, Danville activity guide

Home sales in Westside Danville

The current active real estate inventory in Westside Danville is 26 homes. The average price is $1,484,000 and the average price per sq. ft is $496. The average days on market is 58. There are currently 4 pendings in Danville. The average list price for these pending homes is $1,035,000 with an average price per sq. ft of $493. The average days on market for these pendings is 53. This equates to 7 months of inventory.

Westside Danville real estate market analysis

With 7 months of inventory currently on the market in Westside Danville we are in a buyers

Hartz avenue in the Westside of Danville

 market. This means that it is a good time to buy with some deals to be had, however, low-ball offers are not being considered in most instances. There are a number of bank owned and short sales but as a rule the Westside Danville real etstate market is robust with most sellers willing to wait for a offer close to asking price. The areas of Westside Danville and Sycamore have a much longer time on market but the sellers are not caving in on price. The Greenbrook area is very comparable to the Danville market as a whole.

For more information on Westside Danville real estate and activities

The following links contain useful information on the area of danville. Danville Chamber of Commerce, Discover Danville, Sports in Danville, Danville activity guide

Home sales in Danville

The current active real estate inventory in Danville is 190 homes. The average price is $920,000 and the average price per sq. ft is $377. The average days on market is 70. There are currently 46 pendings in Danville. The average list price for these pending homes is $1,024,000 with an average price per sq. ft of $392. The average days on market for these pendings is 80. This equates to 5 months of inventory.

Danville real estate market analysis

With 5 months of inventory currently on the market in Danville we are in a neutral market. This means that it is a good time to buy with some deals to be had, however, low-ball offers are not being considered in most instances. There are a number of bank owned and short sales but as a rule the Danville real etstate market is robust with most sellers willing to wait for a offer close to asking price. The areas of Westside Danville and Sycamore have a much longer time on market but the sellers are not caving in on price. The Greenbrook area is very comparable to the Danville market as a whole.

For more information on Danville real estate and activities

The following links contain useful information on the area of danville. Danville Chamber of Commerce, Discover Danville, Sports in Danville, Danville activity guide

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