The Danville real estate market continues to be stablile even during a time of the year that is traditionally slow. Currently there are 191 active listings in Danville. This includes the entire town of Danville. Of the 191 active listings the average sales price is $1,390,611 with the highest listing being at $5,400,000 and the lowest price listing at $585,000. The average price per square foot is $429 with the highest price per square foot being at $1339.52 and the lowest at $242.53. The average days on market are at 98 days with the highest at 397 and the lowest at 1.
In general real estate in the Town of Danville has faired quite well
The areas of Greenbrook and Sycamore continue to track with the 7 month absorption rate experienced by the town as a whole with the areas of Westside Danville and Westside Alamo experiencing a much slower market. We expect that inventory will continue to drop for the next 2-3 months while sellers wait out the downturn. More traditional sales should pick up later in 2009.
