Are you in pursuit of your dream home or considering selling your home in Danville, CA? I’m Todd Goforth, and as your dedicated Danville Realtor and experienced Danville real estate agent, I’m here to provide you with an exclusive insight into the thriving Westside Danville housing market in 2023. In this post, we’ll explore the latest trends, median prices, list price differentials, and days on market for homes for sale in Danville. Let’s dive right in!
Danville Real Estate – Housing market
The Westside Danville real estate market has experienced remarkable shifts over the past year, presenting both buyers and sellers with unique opportunities.
Sept 2022 to Feb 2023: Stability Meets Buyer’s Advantage
From September 2022 to February 2023, the median home sale prices in Danville held steady at approximately $2.15 million. During this period, homes typically sold for about 2% under their list prices. This created a favorable environment for buyers, granting them a slight edge during negotiations.
March to May 2023: Surge in Prices Signals Seller’s Market
Fast forward to March through May 2023, and we observed a significant uptick in median home sale prices, soaring to an impressive $2.46 million. Homes were consistently selling for nearly 96.39% of their list prices. This marked a clear shift to a robust seller’s market in Danville, giving sellers the upper hand and raising competition among buyers.
July to September 2023: Sustaining Momentum
As of the current date, from July to September 2023, the Westside Danville housing market continues to maintain its momentum. Median sold prices remain strong at $2.2 million, with homes selling for approximately 2.31% over their list prices. This showcases an enduring seller’s market, enabling sellers to maximize their returns.
Swift Transactions: Danville’s Quick Turnaround
One statistic to underscore is the average days on market until receiving an offer, currently standing at just 23 days. This underscores the importance of pricing strategy and market preparedness for both buyers and sellers looking to participate in the Danville real estate market.
Navigating the Danville Real Estate Market in 2023
For Danville home sellers, these market conditions present a golden opportunity to capitalize on the robust demand for homes for sale in Danville. A strategic pricing approach, coupled with the guidance of an experienced Danville Realtor, can ensure a successful and lucrative sale.
Buyers, while facing increased competition, can still discover their dream homes within the scenic neighborhood of Danville. To seize this opportunity, readiness and collaboration with a qualified Danville real estate agent are crucial. Having your financing in order and being prepared to act swiftly when the perfect property surfaces can make all the difference.