The Westside Danville real estate market continues to swing widely in terms of absorption rate
Currently there are 18 active listings in the Westside of Danville which is down from the 25 we saw at the end of December. There are also 2 pending listings which gives us an inventory absorption rate of 9 months. This nine month absorption rate is higher than the 6.52 months that the Town of Danville is currently experiencing but much lower than the rates in December which saw no pendings and 25 active listings. The expectation is that sales will begin to pick up while inventory will stay flat or drop.
Current activity
There are currently 18 active listings within the Westside Danville market. The average list price for these homes is $1,532,005 with the highest priced listing at $3,695,950 and the lowest priced listing at $599,000. The average price per square foot is $485 with the highest at $608.29 and the lowest at $301.61. The average days on market is 121 days with the longest at 293 and the shortest at 3. There are 2 pending listings that had a list price of $915,000 and $1,195,000. The price per square foot for these listings is $331.16, and $543.18. These 2 homes were on the market for 65 days and 8 days.
