Lakeside and Dumbarton Housing Market Data

There was an increase in total units sold in April, with 66 sold this month in Lakeside and Dumbarton Real Estate versus 51 last month, an increase of 29%. This month's total units sold was higher than at this time last year, an increase of 3% versus April 2018.

Versus last year, the total number of homes available this month is higher by 6 units or 8%. The total number of active inventory this April was 80 compared to 74 in April 2018. This month's total of 80 is higher than the previous month's total supply of available inventory of 70, an increase of 14%.

Last April, the median sale price for Lakeside and Dumbarton Homes was $193,950. This April, the median sale price was $222,750, an increase of 15% or $28,800 compared to last year. The current median sold price is 3% 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 1.2 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 93 homes newly listed for sale in Lakeside and Dumbarton compared to 80 in April 2018, an increase of 16%. There were 72 current contracts pending sale this April compared to 75 a year ago. The number of current contracts is 4% lower than last April.

In April, the average sale price in Lakeside and Dumbarton was 100.0% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 20, higher than the average last year, which was 13, an increase of 54%.





Focus On: Lakeside and Dumbarton Housing Market			April 2019

Zip Code(s): 23294, 23228 and 23230
Units Sold 66	Active Inventory 80	Median Sale Price $222,750	Days On Market 20

Up 3% Vs. Year Ago	Up 8% Vs. Year Ago	Up 15% Vs. Year Ago	Up 54% Vs. Year Ago


		Units Sold There was an increase in total units sold in April, with 66 sold this month in Lakeside and Dumbarton Real Estate versus 51 last month, an increase of 29%. This month's total units sold was higher than at this time last year, an increase of 3% versus April 2018.
Active Inventory Versus last year, the total number of homes available this month is higher by 6 units or 8%. The total number of active inventory this April was 80 compared to 74 in April 2018. This month's total of 80 is higher than the previous month's total supply of available inventory of 70, an increase of 14%.
		Median Sale Price Last April, the median sale price for Lakeside and Dumbarton Homes was $193,950. This April, the median sale price was $222,750, an increase of 15% or $28,800 compared to last year. The current median sold price is 3% 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 93	Current Contracts 72	Sold Vs. List Price 100.0%	Months of Supply 1.2

Up 16% Vs. Year Ago	Down -4% Vs. Year Ago	No Change Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In April, there was 1.2 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 93 homes newly listed for sale in Lakeside and Dumbarton compared to 80 in April 2018, an increase of 16%. There were 72 current contracts pending sale this April compared to 75 a year ago. The number of current contracts is 4% lower than last April.
		Sale Price to List Price Ratio In April, the average sale price in Lakeside and Dumbarton was 100.0% 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 20, higher than the average last year, which was 13, an increase of 54%.


	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.