Market shift in Real estate sales for Westside Danville
The Real Estate market in Westside Danville has shifted from one where you only had to put a sign in the yard and stand back to receive multiple offers to one where homes are sitting for a long period of time and suffering price reductions. That is not to say the it is a bad market, but it is different. The homes priced over $1,050,000 are sitting for 3-6+ months where those homes priced under $1,050,00 seem to be moving much faster. The reasons for the shift are many but there seem to be a couple of variables that are affecting things. 1: The price per sq. ft is very high in relation to nearby areas like Greenbrook and Sycamore. 2. People are really concerened about paying alot for a home and having to then drop another $200,000-$300,000 in order to have it fit their needs. However, If you are looking to buy a home in the Westside of Danville and are expecting to low ball you may have a long wait. Unlike the Windemere area where there are many distress sales, the sellers in the Westside of Danville are not desparate and are willing to wait for the right offer. So while the Westside Danville Real Estate market has slowed it is not dead and in fact has held prices pretty well relative to neighboring communities.
