The Tassajara Ranch neighborhood of Danville picked up nicely over the past six months. Seven sales closed during that period and an additional five sales are pending. Six months ago, there was one pending sale and only three closed sales for the prior six months. There is one active listing.
The only active listing is on Mountain Ridge Drive and is priced at $815,000 or $311 per square foot. It has been available for 153 days. It is neither a short sale nor REO.
The five pending sales are listed for an average price of $768,336 or $309 per square foot. They have been on the market for an average of 40 days. The home on Mountain Ridge Drive is a short sale.
The average sales price for the seven closed sales was $820,421 or $305 per square foot. That was 97% of the asking price. The homes were listed for 40 days, on average; fairly short for the current market. 301 Mountain Ridge Drive was REO.
A master planned community at the corner of Crow Canyon Road and Tassajara Road, Tassajara Ranch features homes built between 1991 and 1996, ranging from 1,600 to over 3,000 square feet, on lots that typically range 5,000 and 10,000 square feet. There is a homeowners association that includes a community pool and cabana.