The real estate market in Danville has really heated up over the last few months.
There is currently 3 months of inventory in the active real estate market in Danville. Just 2 months ago we were averaging between 5-7 months. Many of the homes selling are in the $500-$800K price range. This is mainly as a result of the great loan products available for homes in this price range. The consensus is that in spite of an expected uptick in listings of foreclosed properties, the Danville real estate market will continue to heat up through the summer.
Current statistics:
There are currently 209 active listings in Danville of single family detached homes. The average price for these listings is $1,321,653 with a high of $5,300,000 and a low of $559,000. The average price per square foot is $417 and the average days on market is 89 days. There are 69 pending sales. The average list price for these pending home sales is $968,687 with a high of $3,998,000 and a low of $399,950. The average price per squre foot is $344 and the average days on market is 75 days.
