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Danville fell victim to the seasonal slowdown in January, as closed sales of single family detached homes declined to 19, from 42 in December. The median sales price decreased to $820,000, from $833,000 in December. The median price per square foot also fell from $312 in December to $297 in January. Four of January’s sales (21%) were of homes priced over $1 million.
January’s closed sales were on the market for an average of 90 days, compared to 63 for December’s sales. ON average, homes sold for slightly less as a percentage of the asking price in January; 96.3% versus 96.8% for December. 47% of January’s sales were distressed (short sale or REO), up from 21% in December.
The neighborhoods of Shadow Creek, Hidden Valley, Danville Station, and the West Side of Danville all showed strong activity for the month.
Here is a list of all closed home sales in Danville in January:
Danville Home Sales January 2011