The Danville Real Estate has displayed varying market activities depending on the type of properties sold in the neighborhood. The Diablo Highlands neighborhood features both smaller lot detached homes and larger ones. The smaller lot homes or the “Diablo Highlands” has been reported to have an increased activity recently. On the contrary, the larger-lot single family homes, or the “Diablo Highlands Country Estates” has shown less activity recently due to fewer available homes on the market. The following tells of the specifics of the market activities of both the “Highlands” and the “Country Estate Homes”.
Diablo Highlands
In comparison to the previous six months which had 4 closed sales, this most recent six-month period has better sales turn out with nine sales closed. Moreover, three homes are actively listed and one sale under contract (or pending sale).
The three active properties were listed for an average price of 601,183 which equals to $331 per square foot. These listings have been available on the market for an average of 71 days. The Glasgow property is a short sale.
The property on Glasgow Circle is the only pending sale and it is listed for $635,000 which translates to $251 per square foot. It has been available on the market for 53 days and is REO.
The nine properties were closed for an average price of $676,222 or $292 per square foot. These homes stayed on the market for an average of 30 days. They were sold for about 96% of the asking price. 185 Gardner Place and 190 Glasgow Circle were short sales.
Diablo Highlands Country Estates
Diablo Highlands Country Estates has one active listing and one pending sale. The once active listing has an asking price $975,000 or $323 per square foot. It has been listed for 14 days and is not distressed (short sale or REO).
The one pending sale is located on Ross Court, and is listed for $1,290,000 or $326 per square foot. This property has stayed on the market for 40 days. It is not a distressed property.
Diablo Highlands Neighborhood of Danville had three closed sales last year. The three homes’ average closing price was $1,203,000 which was equal to $296 per square foot. This amount was about 98% of the properties’ asking price. On the average, the homes were available on the market for 49 days. None of the properties were short sale or REO.
