The real estate market in Danville has seen a flurry of activity of late.
While active listings continue to increase, pending sales have increased at a higher rate. Currently the inventory absorption rate is at 2.75 months which is down from 3 months last week. Certain areas seem to be moving faster than others. The areas of Greenbrook and Sycamore have picked up while Westside Danville and Westside Alamo remain slow.
Current statistics for Danville Real Estate:
The average list price for the 193 active listings is $1,366,001 with a high of $5,300,000 and a low of $559,900. The average price per square foot is $426 with a high of $2,243.09 and a low of $214.44. The average days on market is 94 days. The average list price for the 70 pending listings is $934,907 with a high of $3,998,000 and a low of $399,950. The average price per square foot for these pending listings is $334 with a high of $554.32 and a low of $202.38. The average days on market for these listings is 68 days with a high of 364 and a low of 0. There have been 15 homes sold in April. The average sold price is $922,300 with a high of $1,625,000 and a low of $595,000. The average price per square foot for these sold home is $346 with a high of $558.20 and a low of $227.92. The average days on market for these sold homes is 71 days with a high of 192 and a low of 10 days
