The real estate market in Danville is resembling more of a sellers market of late.
What we are seeing in many cases are multiple offers that are over asking price. This is in line with many economists who are suggesting that we may have hit bottom in the residential real estate market. In addition to the increased confidence of the buying public we still have very low fixed rate mortgages available. Many savy buyers also understand that as we pull out of this recession we will most likely see inflation increase and an end to the great low rates.
The average list price for the 192 active listings in Danville is $1,339,906 with a high of $5,300,000 and a low of $529,950. The average price per square foot is $423 with a high of $1,656.25 and a low of $214.44. The average days on market is 89 with a high of 369 and a low of 2. There are 68 pendings with an average list price of $942,698. The highest priced pending was listed at $3,998,000 and the lowest priced was listed at $399,950. The average days on market are 79 days with a long of 384 and the shortest at 0 days.
