With the holiday’s rapidly approaching the Danville real estate market has continued to be consistent and has help it’s own against the economy.
The current inventory absorption rate in Danville as a whole is at 7.65 months. This breaks down to 191 active listings and 25 pending sales. The average list price for these active sales is $1,368,090 with the highest price listing at $5,400,000 and the lowest price at $599,000. The price per square foot has been very stable over the last few months with the average for active listings at $425 per square foot. The highest price per square foot for active listings is $1,339.52 and the lowest at $217.82. The average days on market has crept up slowly and is now at 98 days with the longest at 390 and the shortest at 3. The number of pending listings has also remained fairly stabile and is currently at 25 pending sales. The average list price for these pending sales is at $1,024,220 with the highest being at $1,975,000 and the lowest at $465,000. The price per square foot for the pending sales averages $359 with the highest being at $488.98 and the lowest at $238.15. The average days on market is currently at 66 days for these pending listings with the longest being at 34 and the shortest at 0.
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The town of Danville offers a wide array of activities for people during the holiday season. In particular, I like to just stroll down the downtown streets and enjoy the festive decorations and lights. I would also encourage people to patronize our local downtown merchants during this holiday season.
