Danville Home Sales May 2010

The real estate market saw fewer closed home sales in May, with 40 closed single family homes, compared to 53 in April. The median sales price for Danville was $870,000 in May, down from $880,000 in April. However, the median price per square foot increased to $350 in May from $346 in April.

The average days on market for the closed sales was 30 in May, down from 58 in April. On average, homes sold for 96.9% of the asking price. 20% of the closed sales were distressed sales, either short sales or bank owned properties. This is up from 11% in April. 16 of the40 home sales, or 40%, were over $1 million.

The neighborhoods of , , , and all saw strong sales activity in May.

Here is a list of all closed home sales in Danville for May: