The real estate market in Danville continues to be strong:
With an inventory absorption rate of 3.8 months the Danville market still continues to roll along. While inventory has risen, so has sales. The active inventory of detached homes is now at 193 with the Pending sales at 50.
The statistics as of April 6, 2009 are as follows:
The average list price for these 193 active listings is $1,346,445 with the highest priced listing at $5,300,000 and the lowest at $300,950. The average price per square foot is $424 with the high at $1,656.25 and the lowest at $223.57. The average days on market is at 91 with the longest at 362 and the shortest at 5. The average list price for the 50 pending sales is $837,237 with the highest priced at $1,515,000 and the lowest at $551,900. The average price per square foot is at $329 with the highest at $560.31 and the lowest at $232.91. The average days on market is 63 with the longest at 364 and the shortest at 0.
