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Danville CA Short Sale – Real Estate Inventory October 2012

by Scott Fuller on November 22, 2012
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Danville CA Short Sale Market Report

Danville CA Short Sale Market Report

Danville CA Short Sale Stats for Oct 2012

From your Danville CA Short Sale Specialists, new market stats! We just got some statistics in for year-over-year housing statistics for Danville, California and I wanted to give you your local market update.

New listings have actually increased about 6% from last October to this October. Last October there were 51 new listings on the market in Danville. This year there’s 54, so that’s a slight increase. The median sales price has actually gone up about 12% year-over-year. Last October the median sales price was $725,000. That’s increased to about $808,000. These numbers reflect all sales types including regular equity sales, REO/bank owned and of course Danville CA short sale homes.

That doesn’t necessarily mean that home prices went up 11.5%, basically it means that the average price of homes that have sold have increased a little bit, and that higher priced homes have sold this year than last year. The total inventory of homes for sales last year was 189. The total inventory of homes for sale in Danville, this October, is 66. That’s a huge decrease, about a 65% decrease, less homes on the market for sale this October than last October. That’s certainly a reflection of what’s going on in the East Bay.

Overall, we’re seeing prices gradually go up because there’s less inventory and more people still looking to buy properties. If you have any questions on what your home might fetch on the open market, if you’d like us to do a comparative market analysis, have a free consultation, whether you’re in a position for an equity sale or a short sale, we are your Danville CA short sale specialists. Contact us at eastbayshortsalegroup.com for a free consultation.

For more information on other Danville CA short sale properties for sale, or for more market stats, visit our Youtube Channel

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