Danville California Real Estate Market Remains Choppy

The MLS trend graph for the Danville real estate market looks like choppy water – up, down, up, down – for both active listings and pending sales. The gap between the two isn’t decreasing which means this market is still very much in the buyer’s corner.

Looking at the community snap shop from the weekly Danville Market Details Report, we see that 56% of Danville homes being tracked showed a price decrease and the average days on market continues to rise. We continue to see sellers trailing the market in their price reductions as they try to squeeze every nickel they can out of the house.

Danville homes for sale represent a great opportunity for buyers as we head into the end of the year. The continued fluctuations in the economy help buyers more than sellers. Confident buyers are firmly in the power position for negotiating a good deal on homes in Greenbrook, Shadow Hills and other Danville neighborhoods.

As Warren Buffet said this week, "A simple rule dictates my buying: be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors."

This is a great real estate market in Danville for buyers that are looking for a large selection of homes to choose from and the perfect set of circumstances to provide them with the home of their dreams at a fantastic price.

Danville, CA Real Estate Market - Price Gets it Done

I was in a room with more than 75 local Realtors this morning (it wasn't a hostage situation). I must have heard the same story from 10 different set of lips - if only the sellers had listened to me about price… they wouldn't have lost another $20K, $30K, $50K…

Sellers just aren't getting it - pricing it right to sell will save you tens of thousands of dollars in the long run. We did that for this listing on Barrett Circle in Danville.

Every Re

altor in town has heard the same argument from sellers for over a year now - "we need to get…" But here's the rub - you can't get more than the market is willing to pay and wasting 3 months to wake up to that reality is costing home sellers big bucks.

Homes for sale in Danville are sitting on the market waiting for sellers to get real.

This week's market details report for Danville shows the average days on market for homes in Danville is 104. How much value do you think gets lost in this market in 104 days? How many potential deals get lost because buyers move on to more reasonable sellers? And here's the sad part - the sellers do come down in price because they want/need to sell. They are cutting their own throats by allowing time to pass before pricing the home to sell.

This entire report is 18 pages and breaks the data down by zip code and price point to give you a better idea of what is happening in your price point. You can get it FREE here.

Realtors want to help you get top dollar for your home. Unfortunately, top dollar is not determined by the sellers wants or needs - it's determined by the market and a qualified buyer.

Here's a pricing strategy to help sellers get top dollar for their Danville homes.

Homes for Sale in Danville California

We have another home for sale in Danville, CA. This is another listing in Greenbrook, a highly desirable neighborhood with community pool, tennis courts and clubhouse. Greenbrook Elementary School is highly rated and only a few blocks away from this Danville home for sale.

266 Barrett Circle, Danville, CA 94526

Offered at $779.00

3 Bedrooms - 2 Baths - Tastefully updated on a wide lot with a great backyard for kids.

266 Barrett Circle was on broker's tour on Thursday in Danville. The response from local Realtors and real estate agents was very favorable. To a person, the local Realtors felt that this home is priced right and won't last long.

Housing inventories (homes for sale) continue to rise in the communities of San Ramon, Dublin, Danville, and Pleasanton, CA. Weekly MLS Stats indicate there is no slowing down of homes coming on the market in these communities.

If the traditional yearly sales pattern holds, we will see a decline in sales activity as we approach mid-August. The increase of homes for sale in these communities does not bode well for sellers looking to squeeze the most dollars out of their home sale.

Compare the numbers since April

The number one factor in home sales is usually price. Downward pressure on sales price exists in all of these local markets. Sellers looking to get the most out of their houses need to focus on three main things:

• Strong Negotiating Skills
• Right Pricing
• Proper Presentation (curb appeal, repairs, staging)

Sellers needing to make a move before the new school year need to consider pricing their house at the “Worry Price” level – where the buyer is worried that if they don’t make an immediate offer, the opportunity will be lost to someone who will.