We have seen an uptick in sales for homes on the Westside of Danville.
An increase in consumer confidence over the last two weeks coupled with lower interest rates and aggressive pricing have contributed to an increase in pending sales with the Westside Danville market. The expectation is that this short term jump will become the trend over at least the next few months. It is also expected to have inventory levels rise as well but the increase in sales should outpace the rise in inventory which will provide for a lower inventory absorption rate. As of today there are 19 active listings in the Westside and 4 pending sales.
Current Westside Danville Statistics:
The average price for the 19 active listings is at $2,025,460 with a high of $3,900,000 and a low of $795,000. The average price per square foot is $551 with a high of $1,656.25 and a low of $374.69. The average days on market is 111 with a high of 301 and a low of 11. There are 4 pending sales that had list prices of $599,000, $615,950, $924,900, and $1,359,999. The price per square foot for these $301.61, $317.34, $296.16, and $508.98. The days on market for these homes are 92, 107, 7, and 116.
