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Danville Market Update - Home Sales 2012

The real estate activity for Danville CA showed significant improvement over 2011 with the average sales price up 5% and number of units sold up 11%.

The real estate activity for Danville CA showed significant improvement over 2011 with the average sales price up 5% and number of units sold up 11%. The number of REO (foreclosed) sales have decreased in 2012 versus 2011, yet short sales are on par with 2011.

The chart below compares Danville home sales activity for 2012 with 2011 and include detached homes only.

2011 2012 % Change +/- # Units 545 610 +11% Average Sales Price $860,340 $905,163 +5% Median Sales Price $805,500 $836,500 +4% Avg. Days on Market 46 42 -9% Regular Sales 403-74% of Sales 483-79% of  Sales REO Sales 63-12% of Sales 37 - 6% of Sales Short Sales 79-15% of Sales 90-15% of Sales

Danville Home Sales by Price Range 2012

Price Range Units % of Total Sales <$499,000 7               1% $500,000-$599,000 24 4% $600,000-$699,000 82 13% $700,000-$799,000 144 24% $800,000-$899,000 108 18% $900,000-$999,000 83 14% $1,000,000-$1,099,000 40 7% $1,100,000-$1,299,000 64 10% $1,300,000-$1,599,000 23 4% $1,600,000-$2,000,000+         28 5%

As noted in the chart the price range from $700,00 to $899,000 had the most home sales activity.

The data shows us that the market is headed up and with so little inventory and high demand we hope to see a higher price gain in 2013.

Source: CCAR

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