Based on the most current MLS data, the Westside Danville market has slowed to the point of no activity.
There are currently no Pending listings in the area of Danville while having 23 active homes for sale. There is much speculation surrounding this non-existent activity level but intuition and a keen ear tell me it is a lack of percepted value. This market has been highly desired for many years because of it’s close proximity to downtown Danville and walking distance to award winning schools. And while these factors still make this a desireable area, many home buyers are asigning less utility to the “Walking Distance” factor and more to the price per square foot variable. Many homes within this Westside Danville market were buit in the later 40′s and early 50′s. In fact many still house the original homeowners and while it demonstrates the “stick” factor of the neighborhood, the high price per suare foot and lack of updating have caused many buyers to look in the areas of Greenbrook and Sycamore. This situation also exists with the market in Westside Alamo.
The average price for the 23 active listings is currently at $1,614,167. The highest price listing is at $4,500,000 and the lowest is at $675,000. The average price per square foot for these homes is $515 with the highest at $818.18 and the lowest at $331.16. The average days on market for these homes is 105 days with the longest at 271 and the shortest at 1.
