Westside Danville homes sales stabilize through January
Even though there were no closed sales for homes in Westside Danville the market has seemed to stabilzed at an inventory absorption rate of 6-7 months. Homes in this area have maintained there prices over the last year with only a 4% reduction in average sales price. We expect that inventory and prices will remain stable over the next few months. We find this market to be a bit slower than the overall Town of Danville real estate market and those sub-markets of Greenbrook and Sycamore and to be more consistent with the real estate market in Westside Alamo
.
Current performance:
The average list price for the 19 active homes on the market is $1,770,068 with the highest being at $3,695,950 and the lowest at $675,000. The average price per square foot is at $495 with the lowest at $320.04 and the highest at $608.29. The average days on market is 115 with the longest at 314 and the shortest at 3. There are 3 pending sales in Westside Danville. The list prices for these pending sales are $599,00, $654,750, and $1,195,000. The price per square foot for these listings is $301.61, $337.33, and $543.18. These homes were on the market for 92, 42, and 8 days.
