Danville real estate market continues to remain stable through the first quarter of 2009.
The current inventory absoprtion rate for the residential real estate in the town of Danville is at 3 months. This signifies a strong market and supports the common belief among real estate professionals that the Danville Market has not seen the downturn as with someother east bay markets. The areas of Danville doing well are Greenbrook and Sycamore with other areas such as Westside Danville and Westside Alamo being less stable.
Current market statistics
In Danville there are currently 183 active listings for detached single family homes. The average list price for these homes is $1,330,571 with the highest priced listing at $5,300,000 and the lowest at $549,950. The average price per square foot is at $420 with the highest at $2,243.59 and the lowest at $235.26. The average days on market for these active listings is 92 days with the longest at 350 and the shortest at 1. There are 48 pending sales in Danville with an average list price of $912,763. The highest priced pending sale was priced at $1,999,990 with the lowest priced at $529,000. The average price per square foot for these pending sales is $361 with the highest at $576.22 and the lowest at $232.92. The average days on market for these homes is 85 days with the longest at 650 and the shortest at 0.
