Sales have continued to improve for Real Estate in Danville
Currently there are 153 active listings and 30 Pending sales in Danville. The number of closed sales in January were 12. Based on these statistics the inventory absorption rate in Danville as a whole is at 5.1 months. This continues to demonstrate the strength and resiliance of this real estate market. The projections are that inventory will continue to drop over the next few months with sales and prices remaining stabile. The resultant performance will show a quicker sales time for most homes. We do not expect prices to increase but we do expect them to remain flat. The areas that have been doing well over the last month is Greenbrook, Sycamore, Westside Danville and Westside Alamo.
Current activity is as follows:
The average list price for the 153 active listings in Danville is $1,347,623 with the highest price listing being at $5,200,000 and the lowest at $585,000. The average price per square foot is at $413 with the highest at $1,259.79 and the lowest at $235.26. The average days on market is 110 with the longest being at 446 and the shortest at 3 days. The average list price for the 30 pending sales of detached homes is $953,021 with the highest priced at $2,750,000 and the lowest at $524,900. The average price per square foot for these homes is $361 with the highest at $800.58 and the lowest at $217.59. The average days on market for these homes is 94 days with the longest at 650 and the shortest at 0. There were 12 homes sold in January. The average price for these sales was $981,583 with the highest being at $1,485,000 and the lowest at $725,000. The average list price for these homes was at $1,022,083 which suggests a 4% discount for sales. The average price per square foot for these homes is $354 with the highest being at $462.67 and the lowest at $239.26. The average days on market for these sold homes was 76 days with the longest at 254 and the shortest at 0.
