It will be interesting to see how this year unfolds.
For info on our East Bay areas check out this great site: http://www.dqnews.com
For more information please go to my website at http://www.localbayareahomes.com or give me a callk 925-817-9079.
For more information on the current Westside Danville home market check out my site at http://www.bobgibbs.com
It appears that the home on the west side of Danville (difined as west of I-680, I presume) are doing quite well. I found 31 single-family homes that have sold since 3/1/2007. After removing a few outliers (homes above $3m and below $700k), here is the data:
Average DOM: 24
Average List $/SqFt: 525
Average LP: 1,229,864
Average SP: 1,206,467
Average SqFt: 2395
Average BR: 3.85
Average Bth: 2.39
Average YrBlt: 1969
Average Lot SqFt: 27,251
The median sales price was $1,210,000
It looks like homes were selling at 1.9% below asking on average. At an average of 24 days on the market, it appears that Danville homes are still selling at a rapid clip. Not bad at all given what's going on all over the Bay Area. Please send me an email at email@example.com if you would like the spreadsheet I put together to come up with these numbers.
The local MLS stats on our site show inventory building and sales dropping which is typical as we get further into the summer. Today at the local Realtors Marketing Association meeting there were only half a dozen new listings compared with about three time that many last week. We update the MLS stats on Friday, we'll see if pending sales increased this week.
Move up buyers have the strongest negotiating power in this market.