The Westside Danville real estate market has slowed to the point of non-existence
In general this area within Danville has been a bright spot for homes sales and wealth building. The Westside Danville real estate market has historically attracted buyers from the entire bay area. The proximity to downtown and award winning schools has been a draw for some time. Of late we have seen buyers shy away from this once highly desireble area and look elsewhere in Danville where prices are lower and homes are newer. Many of the Westside Danville homes were built between 1948-1955 and have had virtually no updating. We are finding buyers unwilling to pay in excess of $1,000,000 for a home that will need to be remodeled or knocked down and rebuilt. As a result the areas of Greenbrook and Sycamore have become a much more desireable area and have seen inventory levels remain stabile as well as an inventory absorption rate that is considered neutral.
The current activity is Westside Danville.
There are 25 active listings within the Westside Danville Real Estate market and no pendings. The inventory absorption rate is incalcuable. The average price for these active listings is $1,569,224 with the highest listing priced at $4,500,000 and the lowest at $654,750. The average price persquare foot is at $509 ith the highest being at $818.18 and the lowest at $332.16. The average days on market is at 102 with the longest being at 278 and the shortest at 4.
