Active Danville Listing
Active Danville Listing
The Danville Real Estate market is still very stable but homes are moving quicker at the lower price points.
The inventory absorption rate for resale residential real estate in Danville is currently at 1.87 months. This continues to show a downward trend along with the neighboring communities of Alamo and San Ramon. The biggest piece of news though is not so much the downward trend in available inventory but the segmentation of the market into 3 distinct groups. As I explained in my video regarding Danville home sales, over the last 2 and 1/2 months there have been 103 homes sold in Danville. A full 80% of these sold homes were sold for under $1,000,000. The interesting statistic is with the mid point and high end. Homes ranging in price between $1,000,000 and $1,200,000 only had 8 sales during the same period while homes priced over $1,200,000 had 15 sales.
The current Danville statistics are:
There are 159 Active listings for single family detached homes in Danville. The average list price for these homes is $1,289,470 with a high of $2,995,000 and a low of $529,000. The average price per square foot is at$420 and the average days on market at 111. There are 85 pending sales in Danville with an average list price of $940,239 and a high of $2,750,000 and a low of $399,950. The average days on market is 67 days and the average price per square foot is $361.
