Current Danville real estate activity is consistent with past weeks and months
The current market is stabile even though we are in the holiday season which has historically meant lower sales and less activity. As I have mentioned in past blog entries, the market in Danville has semonstrated it’s strength and resiliance by maintaining and inventory absorption rate of 6-8 months. Where some areas within the Danville market have slowed, i.e. Westside Danville and Westside Alamo, other areas like Sycamore and Greenbrook have demonstrated sales activity very similiar to Danville as a whole.
Current market statistics
The current active inventory within the Danville market sits at 184 homes. The average list price for these active homes is $1,381,756. The highest price active listing is at $5,200,000 and the lowest priced home is listed at $585,000. The average price per square foot is $428 with the highest being at $1,339.52 and the lowest price per square foot is at $239.26. The average days on market is at 101 days. The longest on market is at 622 and the shortest at 4. There are also 25 Pending listings in Danville. The average price for these pending listings is $981,760. The highest price pending was listed at $1,895,000 and the lowest price pending was at $465,000. The average price per square foot for these pending listings is at $345 with the highest being at $488.98 and the lowest at $217.82. The average days on market is 82 days with the longest being at 254 and the shortest at 0.
