After having a quite weak market last September, Danville is making a comeback this November. The number of closed sales for single family detached homes were higher both in October and last year. November has been the second month since June that the average sales price was higher than $1 million and it might be the highest average sales prices ever in Danville.
Closed sales in November went up from 38 to 44 sales, both October and last year. The average sales price was up 11% or $102,500 in November from $960,000 in October and went up 33% or $263,000 from $799,500 a year ago. The average price per square foot billowed up to $423 in November from October to $388 and $340 last year. November's median sales price was about 100% of the median list price, down from about 102% in October and almost the same from a year ago. 25 homes priced at $1 million or more were accounted for the 57% of sales in November. That is probably the highest percentage of $1 million or more sales seen in Danville. It is the highest ratio in at least the last few years.
Closed sales in November were available on the market for an average of 31 days in November against 18 days in October. This is the highest number of days that homes stayed on the market since February's 52 days. Two of the November sales in Danville were distressed or short sales, it was down from four in October. The average age of sales in November was 23 years, it was unchanged from October.
The market of Diablo Highlands, West side Danville and California Meadows all demonstrated strong activity in November.
Here is a list of all closed home sales in Danville in November:
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