Danville CA Short Sale Realtor Scott Fuller Explains November 2012 RE Stats for Danville CA
Your Danville CA short sale Realtor Scott Fuller explains what is happening with the local market for November 2012. If you’ve been a buyer in this market in Danville, you’ve noticed that there’s not a lot of properties on the market. A lot of cash investors now are back in the game, putting in offers which is certainly edging up prices a little bit. People are bidding over asking price in a lot of cases, and there’s certainly a lack of inventory.
That can be documented by the fact that in November of 2011 the number of active listings in Danville, there were 118. We fast forward one year from that, in November of 2012, there were only 47 active listings in Danville. That’s gone down by over 50%. The number of properties sold in Danville in November of 2011 was 42. There were 43 properties that were sold in November of 2012. Roughly the same on that front.
A big change that we’ve seen is the month’s supply of inventory in Danville. In November of 2011 there were 2.3 months supply of inventory. Now in November of 2012 we’re down to .9, so about one month of inventory. That’s a pretty big difference. Median sales price roughly the same. Down about $5,000 in Danville. Expect that to increase over time. The average days on market is about 54 days on the market.
If you have any questions on Danville real estate, if you’re looking to buy, looking to sell, whether it’s short sales, regular sales, bank owned properties, anything like that, contact your Danville CA short sale realtor Scott Fuller. We’d be happy to help.
For more info on other area market stats including all cities along the I-680 corridor, visit your Danville CA short sale realtor’s YouTube Channel.
Danville CA Short Sale Realtor Explains November 2012 RE Stats
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