A recent spurt of activity has drastically reduced available inventory of Westside Danville homes
There are now 20 active listings in the Westside of Danville along with 7 pending sales. This has moved the inventory absorption rate, or amount of available inventory, from 20 months to 2.86 months. This increase in activity is happening sooner than the seasonally expected increase in sales. This seems to be due to an increase in consumer confidence and availabilty of great loan products The uptick in sales is lining up very closely to the Town of Danville as a whole which has been a more robust market over the past two years.
There are currently 20 active listing in Westside Danville with an average list price of $1,741,090. The highest priced listing is at $3,900,000 and the lowest at $795,000. The average price per square foot is at $551 with the high at $1,656.25 and the lowest at $374.69. The average days on market is 112 with the shortest at 13 and the longest at 284 days. There are 7 pending sales with an average list price of $1,417,564. The highest priced pending is at $2,750,000 and the lowest at $599,000. The average price per square foot is $404 with a high at $554.32 and a low of $208.33. The average days on market is 61 with a high of 116 and a low of 2.
