We analyze several housing market indicators in order to present an in-depth breakdown of Danville Real Estate Market comparing March 2009 to March 2010.
Summary of Key Points
Danville Real Estate has shown good signs of improvement with median sales price inching up.Median days on market dropped and number of units sold increased.
Key Statistics,Danville,CA: Median Sales Price (1.78%), Median Days on Market (-58.41%), and Number of Units Sold (65.79%), Sales Price to List Price Ratio (March 09 94% – March 10 93%)
Danville Real Estate
The city of Danville experienced a 1.78% increase in median sales price from last year going up from $741,452 (March 09) to $754,643 (March 2010). Median days on market data for Danville show that houses are selling faster than March 09. It took 104 days in March 09 for a house to sell and for March 10 that number has gone down to 43 days (a 58.41% improvement). Another important factor to consider is total number of units sold. In the month of March 09, 38 units were sold compared to 63 for March 10 (65.79% change). Lastly we are going to take a look at the Sales Price to List Price Ratio for Danville. SP/LP ratio for March 09 was 94% compared to 93% for March 10.
Let’s take a brief look at neighbors Dublin and San Ramon. Dublin Real Estate featured a 1.90% increase in median sales price ($497,301 March 09 – $506,743 March 10) and San Ramon Real Estate saw a 10.01% increase ($606,183 March 09 – $666,883 March 10). Are houses in Dublin and San Ramon selling faster or slower this year? Well, Dublin experienced a 66.66% decrease (63 to 21 days) in median days on market and San Ramon a 37.68% decrease (60 to 37 days). In the units sold category, Dublin sold 14 units more (32.56%) in March 2010 than 09 and San Ramon sold 21 units more (43.75%) in March 2010 than March 09.
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