As with the Town of Danville as a whole, the Westside Danville real estate market has improved dramatically over the last several weeks.
Inventory in the highly desireable area has dropped while sales have increased. The market change has caused the inventory absorption rate to drop significantly. The current rate is 4.25 months of inventory. This is considered a normal market. While some homes are still taking time to sell, others are selling rather quickly. We have seen 2 sweet spots develop in this area. The first is for fixers priced below $750K and the other is for completely remodeled homes with a price per square foot under $475.
The current market statistics for Westside Danville homes is as follows:
The 17 active listings for single family detached homes have an average list price of $1,676,002 with the highest price listing sitting at $3,695,950 and the lowest at $654,750. The average price per square foot for these active listings is $493 with the highest being at $608.29 and the lowest at $320.04. The average days on market is at 123 with the longest at 307 and the shortest at 3 days. There are 4 pending listings in Westside Danville. These listings were priced at $599,000, $799,000, $915,000, and $1,199,000. The price per square foot for these pending sales are $301.61, $560.31, $331.16, $543.18. The days on market for these homes are 92, 6, 65, and 8.
