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Danville CA Real Estate Market Watch - February 2011

By
Real Estate Agent with RE/MAX Accord

Danville CA Real Estate Market Watch

Latest Full Months Statistics for Danville CA Homes
(including Blackhawk and Diablo)
  Detached Single Family Homes Condominiums, Townhomes, Others
New Listings 69 17
New Sales Agreed 54 15
Closed Sales 29 8
Median Price
(Closed Sales)
$880,000 $402,500
Average Days on Market
(Closed Sales)
82 25


At the time of writing (February 1st, 2011) there were 147 detached single family homes for sale in Danville CA and 40 condos and townhomes etc., This is virtually the same as last month at this time and represents around 3 months supply of homes of all types and would be generally considered a sellers' market by traditional standards.
      Now, at least in the single family home market, we are starting to see slightly increased prices. This is probably related to the large numbers of buyers out there and the sales agreed figures would certainly be higher if there more homes from which to choose. It should also be noted that multiple offers have been a feature in a few recent sales, although as mentioned previously, appraisals may cause transactions to stall in such cases.

     
So home buyers in Danville CA continue to fight over the relatively low inventory levels, those planning to sell their homes here are advised not to delay. Competition should ensure a fast sale at a good price provided that the home is desirable and the seller has realistic expectations.