Danville put in a strong showing in May, 2006, compared to other markets. Unit volume was down only 10% from last year’s sixty units to fifty-four sold units. At the same time, the number of expireds actually decreased from last year, whereas in most markets it has increased. As a result, the expired to sold ratio went down from 13.3% in May of 2005 to 11.1% in May of 2006. Inventory is about average for the Bay Area at 4.3%.
The average home that sold in Danville listed for $971,503 and sold for 99% of list for $964,300. The median sale price was $935,000.
Appreciation was fairly flat on a sold price per square foot basis, at only .9% over last year. Last May’s average Danville home commanded $448 per square foot; this May’s average was $452 per square foot.
With numbers like these, we suspect that many of you Danville folks are very well fed indeed, so please consider supporting our Hunger Blogathon — and by the way, this is Post 11.