Lakeside and Dumbarton Housing Market Data

There was a decrease in total units sold in April, with 56 sold this month in Lakeside and Dumbarton Real Estate versus 71 last month, a decrease of 21%. This month's total units sold was lower than at this time last year, a decrease of 14% versus April 2019.

Versus last year, the total number of homes available this month is lower by 12 units or 11%. The total number of active inventory this April was 93 compared to 105 in April 2019. This month's total of 93 is higher than the previous month's total supply of available inventory of 90, an increase of 3%.

Last April, the median sale price for Lakeside and Dumbarton Homes was $220,000. This April, the median sale price was $234,975, an increase of 7% or $14,975 compared to last year. The current median sold price is 2% higher than in March.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In April, there was 1.7 months of supply available in Lakeside and Dumbarton. The amount of supply is similar compared to a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 82 homes newly listed for sale in Lakeside and Dumbarton compared to 94 in April 2019, a decrease of 13%. There were 69 current contracts pending sale this April compared to 70 a year ago. The number of current contracts is 1% lower than last April.

In April, the average sale price in Lakeside and Dumbarton was 101.8% of the average list price, which is 2.2% higher than at this time last year.

This month, the average number of days on market was 24, higher than the average last year, which was 20, an increase of 20%.





Focus On: Lakeside and Dumbarton Housing Market			April 2020

Zip Code(s): 23294, 23228 and 23230
Units Sold 56	Active Inventory 93	Median Sale Price $234,975	Days On Market 24

Down -14% Vs. Year Ago	Down -11% Vs. Year Ago	Up 7% Vs. Year Ago	Up 20% Vs. Year Ago


		Units Sold There was a decrease in total units sold in April, with 56 sold this month in Lakeside and Dumbarton Real Estate versus 71 last month, a decrease of 21%. This month's total units sold was lower than at this time last year, a decrease of 14% versus April 2019.
Active Inventory Versus last year, the total number of homes available this month is lower by 12 units or 11%. The total number of active inventory this April was 93 compared to 105 in April 2019. This month's total of 93 is higher than the previous month's total supply of available inventory of 90, an increase of 3%.
		Median Sale Price Last April, the median sale price for Lakeside and Dumbarton Homes was $220,000. This April, the median sale price was $234,975, an increase of 7% or $14,975 compared to last year. The current median sold price is 2% higher than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 82	Current Contracts 69	Sold Vs. List Price 101.8%	Months of Supply 1.7

Down -13% Vs. Year Ago	Down -1% Vs. Year Ago	Up 2.2% Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In April, there was 1.7 months of supply available in Lakeside and Dumbarton. The amount of supply is similar compared to a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 82 homes newly listed for sale in Lakeside and Dumbarton compared to 94 in April 2019, a decrease of 13%. There were 69 current contracts pending sale this April compared to 70 a year ago. The number of current contracts is 1% lower than last April.
		Sale Price to List Price Ratio In April, the average sale price in Lakeside and Dumbarton was 101.8% of the average list price, which is 2.2% higher than at this time last year. Days on Market This month, the average number of days on market was 24, higher than the average last year, which was 20, an increase of 20%.


	Lakeside and Dumbarton are defined as properties listed in zip code/s 23294, 23228 and 23230.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by CVRMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of CVRMLS or Long & Foster Real Estate, Inc.