Danville Market Stats

Danville CA 2017 Homes for Sale and Real Estate Market Year In Review

Danville CA 2017 Homes for Sale and Real Estate Market Year In Review

Low inventory and consistently strong demand was the story for real estate in Danville in 2017.  Buyers actively hunted for properties in a market where there weren’t as many sellers as in the prior few years.  The result was that homes stayed on the market shorter and sold for higher prices.  That was particularly the case for homes priced under $1.5 million.

2017 saw the median sales price increase 8%, from $1.2 million in 2016 to nearly $1.3 million in 2017.  The price per square foot got a comparable 6% bump, while the sales price to list price ration increased from 98% in 2016 to 99% in 2017.  Homes stayed on the market for two les days in 2017 (29 days in 2016 vs 27 days in 2017).  In spite of significantly fewer homes available for sales in 2017, closed sales still increased 4% over 2016.

About 40% of Danville’s inventory was homes priced under $1.5 million but only 27% of the city’s sales were in this segment.  Homes in this price range sold for 100% of their original list price, versus 98% for higher priced homes.  Likewise, higher priced homes stayed on the market longer (38 days versus 23 days for hones priced under $1.5 million.

2017 began with inventory levels comparable to 2016 but as the year progressed, supply diminished compared to the prior year.  Sales remained strong, however and were above the levels of 2016.  There was generally more than a month’s supply on the market through 2017 but we ended the year with only an approximate three weeks’ worth of inventory.

There were only two months during 2017 that had more than a month’s supply of homes priced under $1.5 million (January and September).  Fewer homes were actively listed in this segment throughout 2017 than in 2016 but sales were comparable.

The market for homes priced at or above $1.5 million was a bit different than that for lower priced homes.  Inventory was fairly comparable to 2016 but sales were higher.  There was generally at least a few months’ worth of inventory on the market and we ended 2017 with just over a two week supply.

 

 

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Danville CA Homes for Sale | Danville Market Update November 2017

Danville CA Homes for Sale | Danville Market Update November 2017

  • Inventory continues decline
  • Sales drop as supply constrains
  • Median sales price up
  • Homes sold in November for less than list

Danville CA Real Estate Market Update November 2017

The real estate market in Danville cooled off a little in November.  Inventory continued to fall after a one month bump in October.  The reduction in supply kept a lid on sales, which also fell during the month.  Price indicators were mixed, with homes selling for less than their list price, while the median sales price increased.

The supply of homes for sale fell 27% in November, from 70 at the end of October to 57 at the end of November.  By comparison, 81 homes were on the market a year ago.  49 sales went to contract during November, 16% fewer than in October but 7% higher than in November 2016.  We had a one month supply available at the end of November, down from 1.2 months at the end of October and 1.8 months a year earlier.

November’s median sales price was $1,313,000, an 11% increase over October’s $1,183,000 and a 16% increase over November 2016.  The price per square foot was up 3%, from $477 in October to $$93 in November.  However, the average sale in November was for 97% of the list price, down from 100% in October.  Homes sold for 96% of list in November 2016.  Time on the market was little changed at 25 days.

The tables below provide further details on the current Danville CA market compared to prior periods, as well as a look at different market segments.

Sellers:  It is a great time to be selling a home in Danville.  Inventory is very low and demand is strong, especially for prime properties in excellent condition that are priced right.  Proper marketing and staging will be important to getting the most for your home.  While multiple offers are still occurring for a few select properties, most other homes have to be priced strategically to get top dollar.  More than ever, having a highly competent agent who knows the Danville market will be critical to your success

Buyers:  The current market has been fairly balanced, especially compared to the previous few years but inventory is low and multiple offers much more common than in the past year.  Prime properties, in particular, are getting a great deal of attention and multiple offers.  Being prepared to act quickly will be the key to getting the home you are looking for.  Having a professional Realtor who understands the Danville market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

 

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Danville CA Real Estate Market Update November 2017

Danville CA Real Estate Market Update November 2017

Danville CA Homes for Sale | Danville Market Update October 2017

Danville CA Homes for Sale | Danville Market Update October 2017

  • Inventory on way back down after one month increase in September
  • Sales increase in step with last month’s inventory gain
  • Median sales price falls
  • But homes still selling for list, on average

Danville CA Real Estate Market Update October 2017

September’s unexpected increase in inventory was short lived, as the number of homes on the market started back down again in October.  Buyers took advantage of September’s inventory and pushed sales higher.  The story on prices was mixed, as homes sold for their list price, on average, but the median sales price and price per square foot fell from September.

70 properties were actively listed at the end of October, down 17% from 84 at the end of September and 40% from 116 a year ago.  Pending sales, on the other hand jumped 21%, from 48 in September to 58 in October.  October also had 12 more sales go pending than in October 2016.  Those changed dropped supply to 1.2 months at the end of October, compared to 1.8 months at the end of September and 2.5 months a year earlier.

On average, homes sold in October for 100% of their list price, up slightly from 99% in September and 96% in October 2016.  October’s median sales price, however, fell 5%, from $1,245,000 in September to $1,180,000 in October.  October’s median was virtually the same as a year ago.  The price per square foot also fell, from $511 in September to $480 in October, which was still 9% higher than a year ago.   There was not much change in time on the market, as homes sold in October were listed for an average of 23 days versus 21 in September.

The tables below provide further details on the current Danville CA market compared to prior periods, as well as a look at different market segments.

Sellers:  It is a great time to be selling a home in Danville.  Inventory is very low and demand is strong, especially for prime properties in excellent condition that are priced right.  Proper marketing and staging will be important to getting the most for your home.  While multiple offers are still occurring for a few select properties, most other homes have to be priced strategically to get top dollar.  More than ever, having a highly competent agent who knows the Danville market will be critical to your success

Buyers:  The current market has been fairly balanced, especially compared to the previous few years but inventory is low and multiple offers much more common than in the past year.  Prime properties, in particular, are getting a great deal of attention and multiple offers.  Being prepared to act quickly will be the key to getting the home you are looking for.  Having a professional Realtor who understands the Danville market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

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Danville CA Real Estate Market Update October 2017

Danville CA Real Estate Market Update October 2017

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Danville CA Homes for Sale | Danville Market Update September 2017

Danville CA Homes for Sale | Danville Market Update September 2017

  • Only city in Tri-Valley that increased inventory
  • Sales fall
  • Prices holding strong
  • Days on market declines

Danville CA Homes for Sale

Danville was the only community in the Tri-Valley that increased inventory in September.  In spite of the increased supply, sales, which had increased the prior two months, fell.  Homes that did sell did so quickly, in an average of only 21 days.  And they sold at 99% of the original list price.

Inventory increased 7%, from 77 homes at the end of August to 84 at the end of September.  However, that was still 29% lower than the 118 homes actively listed at the end of August 2016.  51 sales went to contract in September, down 18% from August’s 62 and 4% from September 2016’s 53.  Inventory relative to sales had been declining but reversed course in September.  We had a 1.6 month supply at the end of September, up from 1.2 months at the end of August.  One year ago, Danville had a 2.2 month supply.

The median sales price in September was $1,245,000, off 4% from $1,302,000 in August but 8% higher than $1,156,000 a year ago.  September’s price per square foot was $511, up from $503 in August and 13% higher than in September 2016. The average sale in September was for 99% of the list price, unchanged from August but higher than September 2016’s 96%.  September sales closed in 21 days, down from 29 in August and 28 a year earlier.

The tables below provide further details on the current Danville CA market compared to prior periods, as well as a look at different market segments.

Sellers:  It is a great time to be selling a home in Danville.  Inventory is very low and demand is strong, especially for prime properties in excellent condition that are priced right.  Proper marketing and staging will be important to getting the most for your home.  While multiple offers are still occurring for a few select properties, most other homes have to be priced strategically to get top dollar.  More than ever, having a highly competent agent who knows the Danville market will be critical to your success

Buyers:  The current market has been fairly balanced, especially compared to the previous few years but inventory is low and multiple offers much more common than in the past year.  Prime properties, in particular, are getting a great deal of attention and multiple offers.  Being prepared to act quickly will be the key to getting the home you are looking for.  Having a professional Realtor who understands the Danville market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

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Danville CA Homes for Sale | Danville Market Update August 2017

Danville CA Homes for Sale | Danville Market Update August 2017

  • Inventory down for fourth straight month
  • Demand strong as sales tick up
  • Homes price under $1.5 million are hot
  • Days on market increases

Danville CA Real Estate Market Update August 2017

Inventory and sales have been going in opposite directions the past two months, with supply continuing to dwindle while pending sales eke out increases.  Even though inventory is low, buyers seem to be finding homes they like and are acting quickly when they do.  That has been particularly true for homes priced under $1.5 million, which sold in an average of 21 days in August at their average asking price.

August ended with 77 homes for sales here, compared to 83 at the end of July and 104 a year ago.  Current supply is about 75% of where it was at this time last year.  62 sales went to contract in August, two more than in July and 13 more than in August 2016.  The result was a cut in the supply relative to sales, from 1.4 months at the end of July to 1.2 months at the end of August.  We had a 2.1 month suppy a year ago.

August’s median sales price was $1,302,000, 3% higher than July’s $1,270,000 and 10% above August 2016’s $1,183,000.  The price per square foot in August was $503, a 2% increase over July and 8% over August 2016.  The average sale in August was for 99% of the list price, down slightly from 100% in July but a little higher than August 2016’s 98%.  Homes did stay on the market longer in August; 29 days versus 20 in July and 24 a year earlier.

The tables below provide further details on the current Danville CA market compared to prior periods, as well as a look at different market segments.

Sellers:  It is a great time to be selling a home in Danville.  Inventory is very low and demand is strong, especially for prime properties in excellent condition that are priced right.  Proper marketing and staging will be important to getting the most for your home.  While multiple offers are still occurring for a few select properties, most other homes have to be priced strategically to get top dollar.  More than ever, having a highly competent agent who knows the Danville market will be critical to your success

Buyers:  The current market has been fairly balanced, especially compared to the previous few years but inventory is low and multiple offers much more common than in the past year.  Prime properties, in particular, are getting a great deal of attention and multiple offers.  Being prepared to act quickly will be the key to getting the home you are looking for.  Having a professional Realtor who understands the Danville market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

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Danville CA Homes for Sale

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Danville CA Homes for Sale | Danville Market Update July 2017

Danville CA Homes for Sale | Danville Market Update July 2017

  • Inventory dips again
  • Pending sales up slightly
  • Activity across market segments
  • Only 19 days on market
  • Prices steady

Danville Real Estate Market Update July 2017

Even with the low level of inventory in Danville, pending sales managed to eke out a gain from June.  Sales remained below the level of a year ago, however.  Inventory fell for the third straight month and was at75% of where it was last year at this time.  Properties did not stay on the market long in July, selling in an average of only 19 days.  We are not seeing a lot of upward pressure on prices, despite the low supply and obviously healthy demand.  Prices have been fairly steady lately and there was little change in the indicators for July.

The median sales price in July was $1,285,000, off slightly from $1.3 million in June but 2% higher than July 2016’s $1,255,000.  Sales closed in July for 100% of the list price, unchanged from June but ahead of July 2016’s 96%.  The price per square foot was up 3%, from $479 in June to $491 in July.

Inventory slid from 88 homes at the end of June to 83 at the end of July.  July ended with 25% fewer homes listed than a year ago.  Pending sales were up 5%, from 58 units in June to 61 in July. 70 sales went pending in July 2016.  A1.4 month supply was on the market at the end of July, compared to 1.5 months at the end of June and 1.6 months a year ago.

On average, homes sold in July did so in an average of 19 days, up two days from June’s 17 but two days less than in July 2016.

The tables below provide further details on the current Danville CA market compared to prior periods, as well as a look at different market segments.

Sellers:  It is a great time to be selling a home in Danville.  Inventory is very low and demand is strong, especially for prime properties in excellent condition that are priced right.  Proper marketing and staging will be important to getting the most for your home.  While multiple offers are still occurring for a few select properties, most other homes have to be priced strategically to get top dollar.  More than ever, having a highly competent agent who knows the Danville market will be critical to your success

Buyers:  The current market has been fairly balanced, especially compared to the previous few years but inventory is low and multiple offers much more common than in the past year.  Prime properties, in particular, are getting a great deal of attention and multiple offers.  Being prepared to act quickly will be the key to getting the home you are looking for.  Having a professional Realtor who understands the Danville market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

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Danville CA Homes for Sale | Danville Market Update May 2017

Danville CA Homes for Sale | Danville Market Update May 2017

  • Inventory dips again
  • Pending sales slide
  • Low end remains hot
  • Prices up 9% from year ago

Danville Real Estate Market Update May 2017

Low inventory continued to hamper the Danville real estate market in June.  Supply fell 3% from May and was down 21% from a year ago.  The lack of available homes impacted sales, as pending sales were down 4% from May.  Prices remained steady and were mostly unchanged from May but the median sales price was up 9% from June 2016.  The engine that is driving the market is demand for homes priced under $1.5 million.  These homes made up 44% of inventory but 72% of pending sales in June.

88 homes were available for sale at the end of June, down from 91 at the end of June and 112 a year ago.  Pending sales slid 6%, from 64 in May to 60 in June, compared to 71 in June 2016.  Inventory relative to pending sales was little changed at 1.5 months at the end of June.

June’s median sales price was $1,307,000.  That was 1% higher than May’s $1.3 million and 9% above June 2016’s $1.2 million.  The average sale in June was for 100% of the list price, unchanged from May as well as a year ago.  The price per square foot fell from $494 in May to $478 in June.  June 2016’s price per square foot was $492.

Homes that sold in June were on the market an average of 17 days, compared to 18 days in May and 18 days a year ago.

The tables below provide further details on the current Danville CA market compared to prior periods, as well as a look at different market segments.

Sellers:  It is a great time to be selling a home in Danville.  Inventory is very low and demand is strong, especially for prime properties in excellent condition that are priced right.  Proper marketing and staging will be important to getting the most for your home.  While multiple offers are still occurring for a few select properties, most other homes have to be priced strategically to get top dollar.  More than ever, having a highly competent agent who knows the Danville market will be critical to your success

Buyers:  The current market has been fairly balanced, especially compared to the previous few years but inventory is low and multiple offers much more common than in the past year.  Prime properties, in particular, are getting a great deal of attention and multiple offers.  Being prepared to act quickly will be the key to getting the home you are looking for.  Having a professional Realtor who understands the Danville market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

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Danville CA Homes for Sale | Danville Market Update February 2017

Danville CA Homes for Sale | Danville Market Update February 2017

  • Inventory declines
  • Pending sales finally increase
  • Prices steady
  • Days on market down

Danville Real Estate Market Update February 2017

Well, January was a short lived increase for inventory in Danville.  After increasing 38% last month, the number of homes for sales fell 7% in February.  Other than the ongoing dearth of inventory, the real estate market is looking strong here.  Pending sales, which had been falling since May, were up 43% in February.  Prices have been holding fairly steady and most indicators rose a little, while the time on the market shortened.  Demand remains the strongest for homes priced under $1.5 million.

Inventory fell from 54 homes at the end of January to 50 at the end of February.  That was still two more than were on the market a year ago.  Pending sales jumped from 30 in January to 43 in February, which was four less than a year ago.  Those changed reduced the supply from 1.8 months at the end of January to 1.2 months at the end of February.

February’s median sales price was $1,210,000, slightly higher than January’s $1,197,000 and 10% above February 2016’s $1.1 million.  The price per square foot increased from $438 in January to $497 in February, a 13% jump.  That was also 6% higher than a year earlier.  The average sale in February was for 98% of the list price, compared to 97% in January and 98% a year ago.  Homes have been staying on the market for less time, 33 days in February versus 44 days in January.

The tables below provide further details on the current Danville CA market compared to prior periods, as well as a look at different market segments.

Sellers:  It is a great time to be selling a home in Danville.  Inventory is tight and demand remains strong, especially for prime properties in excellent condition that are priced right.  Proper marketing and staging will be important to getting the most for your home.  While multiple offers are still occurring for a few select properties, most other homes have to be priced strategically to get top dollar.  More than ever, having a highly competent agent who knows the Danville market will be critical to your success

Buyers:  The current market is fairly balanced, especially compared to the previous few years.  Prime properties are still getting a great deal of attention and even multiple offers on occasion.  Being prepared to act quickly will be the key to getting the home you are looking for.  Having a professional Realtor who understands the Danville market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

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Danville CA Real Estate Market Update Video March 2017

Strong market activity in Danville for February with 42 new listings and 43 pending sales.  The market is picking up momentum.

[youtube https://www.youtube.com/watch?v=bF87cQk6ics&w=560&h=315]

0:00: Hey everybody, Its Doug Buenz your Danville CA Real estate specialist with 680 group at Venture Sotheby’s in 680homes.com. This is the Danville California market update for March 7,2017.

0:17: Wow! Market’s hoppin’! Thru the end of February, there were 42 new listings in Danville- that’s down 4.5% percent from January and there were 43 pending sales which is up a whopping 72% from January so strong market activity in Danville as we enter the spring.

0:41: As of today, there’s 50 houses on the market so still a constrained inventory market. Stop me if you’ve heard that before.

0:48: The average price per sq ft for the closed sales in February in Danville was $487 a sq ft. that’s up by 9.4% from last month. Nice indicator strength there.

1:03: The average days on the market for sales in February in Danville was 34 days on the market, that’s down by 26% from the closed sales in January. Another indicator that the market’s picking up some momentum.

1:18: The average sales price to list price ratio is 98% which is up 2%. For homes that closed on February they sold on an average of 98% at the asking price which is up from from 96% in January. Another indicator that the market’s picking up some strength.

1:36: The median home price is  a $1, 000, 190. Danville remains a fairly expensive community and certainly very desirable and thats up 1% for the median price in January.

1:51: As always be sure to share this with your friends and we invite you comment on this video. As always if we can help you or someone you know with your Danville CA real estate needs.Please give us a call,its Danville Realtors, we’re here to help. Our phone number is 925463 2000 or you can, of course, visit our website at 680homes.com. That’s it for now, Doug Buenz at 680 group have a great day!

Danville CA Real Estate Market Update Video Feb 23, 2017

Danville CA Real Estate Market Update Video Feb 23, 2017

The Danville market is moving with double the number of pending homes in February than there were in January.

Show Notes for the Danville Market Real Estate Market Report

Hi! I’m Doug Buenz.  I’m a Danville California Real Estate Agent with the 680 Group at Ventures Sotheby’s International Realty, 680homes.com. This is our market update for February 23rd, 2017 for the Danville Real Estate market.

00:18: Market’s going! This month so far to date there’s 40 new listings!  That’s up 42% from January for the same time period.

00:29: Pending listings, there’s 31 pending sales so far this month. That’s double what it was in January for the same time. The market is moving. There’s definitely activity out there.

00:42: Amazingly there’s only 56 homes for sale in total in Danville right now. We continue the trend of low inventory market. The average for the early spring continues to be a low inventory market and strong activity.

00:57: Average price per square foot in Danville is $503 for the month to date for all the closings. That’s up 13.5% from last month- good indicator that the market is doing fairly well.

01:11: Days on market is unchanged. The overall days on market for closed sales in Danville is 42 days on the market. That’s unchanged from January for the same time period.

01:21: The median price for Danville is $1,000,260. That’s pretty much in line with what we’ve seen in the recent past and that’s up slightly 1.6% higher than it was in January for the same time period.

01:38: As always if we can help you or someone you know please don’t hesitate to give us a call. As Danville realtors we’re here to help. We can be reached at 925-463-2000 or on our website it’s 680homes.com. Thanks for watching!