Month ending Danville Real Estate Review

The real estate market in Danville has a feeling of recovery

The current activity in the Danville real estate market has hown that this area is very strong and has become more of a normal market. Even though the prices are down from the same time last year we are seeing the overall number of homes sales increasing dramatically. There are several theroies for this recent activity but I believe that their is pent up demand and many buyers are now seeing great opportunities.

Areas now doing well

We are seeing the areas of Sycamore, Greenbrook, and Westside Danville all picking up in terms of number of sales and in a reduction in inventory. All areas are experiencing and inventory absorption rate of 5 months which is dramatically less than the 12 months we were experiencing last year.

Area desirability

The robustness of the Danville real estate market can be attibuted to the high desirability for this community. The award winning San Ramon Valley unified school district has drawn young families to Danville from the entire Bay Area and beyond. pending danville home latest newsAccess to miles of open space and nationally recognized sports programs also are a draw to the Danville area in addition to the many downtown festivals and activities for children and adults both.

Post by Bob Gibbs

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