The Long & Foster Market Minute

Focus On: Lakeside and Dumbarton Housing Market December 2018

Zip Code(s): 23294, 23228 and 23230
Units Sold
58
Active Inventory
74
Median Sale Price
$211,500
Days On Market
30
Down -19%
Vs. Year Ago
Down -18%
Vs. Year Ago
Up 3%
Vs. Year Ago
Down -27%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in December, with 58 sold this month in Lakeside and Dumbarton Real Estate versus 67 last month, a decrease of 13%. This month's total units sold was lower than at this time last year, a decrease of 19% versus December 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 16 units or 18%. The total number of active inventory this December was 74 compared to 90 in December 2017. This month's total of 74 is lower than the previous month's total supply of available inventory of 96, a decrease of 23%.

Median Sale Price
Last December, the median sale price for Lakeside and Dumbarton Homes was $205,022. This December, the median sale price was $211,500, an increase of 3% or $6,478 compared to last year. The current median sold price is 2% lower than in November.

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


New Listings
36
Current Contracts
35
Sold Vs. List Price
99.8%
Months of Supply
1.3
Down -31%
Vs. Year Ago
Down -34%
Vs. Year Ago
No Change
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In December, there was 1.3 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 36 homes newly listed for sale in Lakeside and Dumbarton compared to 52 in December 2017, a decrease of 31%. There were 35 current contracts pending sale this December compared to 53 a year ago. The number of current contracts is 34% lower than last December.

Sale Price to List Price Ratio
In December, the average sale price in Lakeside and Dumbarton was 99.8% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 30, lower than the average last year, which was 41, a decrease of 27%.

The Long & Foster Market Minute 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.
REALTOR, Equal Opportunity HousingInformation 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.