Danville CA Home Sales Continue to Slow

Low Inventory Continues to Affect Danville Real Estate Market

New listings of detached homes for sale in Danville CA are down almost 23% while condo listings are down 33%. Inventory of detached homes for sale is down 59% while condos are down 46%. Days on market has fallen 10% and 15%. The percentage of the sales price homesellers are receiving is in the plus category – yearly figures show 1.1% to 1.7%, while the month to month increases are .7% to 3.5%.

So, what we are seeing is that as inventory continues to fall and demand stays level, the sold price of homes is gaining strength. The recent S&P/Case Schiller national home price index showed similar results for their 20-city survey.

“Single-family housing starts are well ahead of last year’s pace, existing home sales are up, the inventory of homes for sale is down and foreclosure activity is slowing. All in all, we are more optimistic about housing. Upbeat trends continue. For the third time in a row, all 20 cities and both come posits at monthly gains. Stronger housing numbers are a positive factor for other measures including consumer confidence, said David Blitzer, chairman of the index committee.”

Danville CA Single Family Detached Home Stats (last 90 days)

  1. 68 are currently active
  2. 210 properties were pending
  3. 223 properties were sold
  4. The average sales price was $934,102
  5. the median sales price was $868,000
  6. the average DOM (Days on Market) for active listings is 60, for pending listings is 33, and for sold listings is 40

danville-single-family-home-salesDanville CA Condos & Townhomes Stats (last 90 days)

  1. 15 are currently active
  2. 55 properties were pending
  3. 41 properties were sold
  4. The average sales price was $432,753
  5. the median sales price was $431,000
  6. the average DOM (Days on Market) for active listings is 11, for pending listings is 21, and for sold listings is 23

danville-condos-townhome-sales

Email Craig if you would like to know more about buying or selling a home or condo in Danville call (925) 984-4910

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