The Westside Danville Real Estate market has definately picked up over the last few months.
With sales outpacing new listings, the available inventory in the Westside Danville area has dropped to a very low 2.4 months. This is in comparison to the 20 months + inventory levels we were seeing just 1 year ago. While prices have come down it is encouraging to see homes selling in this area. There are many reasons for the increases in sales but one of the primary reasons is that there has been pent up demand over the last few years with many buyers just looking for a signal that the time is right. With some increases in consumer confidence, and being in the prime buying season, we should see sales remain stable over the next several months.
There are 22 active listings in the Westside of Danville. The average price for the active listings is $1,434,438 with the highest priced active listing at $3,900,000 and the loiwest at $629,000. The average price per square foot for these active listings is $455 with the high at $684.21 and the low at $306.25. The average days on market is 110 days with a high of 326 and a low of 6. There are 9 pending sales in the Westside of Danville. The average list price for these sales is $1,379,544 with a high of $3,299,000 and a low of $595,950. The average price per square foot is $545 with a high of $1,656.25 and a low of $208.33. The average days on market is 65 with a high of 215 and a low of 2 days.
