Lakeside and Dumbarton Housing Market Data

There was an increase in total units sold in February, with 57 sold this month in Lakeside and Dumbarton Real Estate. This month's total units sold was higher than at this time last year.

Versus last year, the total number of homes available this month is higher by 4 units or 6%. The total number of active inventory this February was 76 compared to 72 in February 2018. This month's total of 76 is lower than the previous month's total supply of available inventory of 89, a decrease of 15%.

Last February, the median sale price for Lakeside and Dumbarton Homes was $199,975. This February, the median sale price was $216,300, an increase of 8% or $16,325 compared to last year. The current median sold price is 6% higher than in January.

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

In February, 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.

This month there were 55 homes newly listed for sale in Lakeside and Dumbarton compared to 74 in February 2018, a decrease of 26%. There were 58 current contracts pending sale this February compared to 70 a year ago. The number of current contracts is 17% lower than last February.

In February, the average sale price in Lakeside and Dumbarton was 98.9% of the average list price, which is 1.1% lower than at this time last year.

This month, the average number of days on market was 27, higher than the average last year, which was 26, an increase of 4%.





Focus On: Lakeside and Dumbarton Housing Market			February 2019

Zip Code(s): 23294, 23228 and 23230
Units Sold 57	Active Inventory 76	Median Sale Price $216,300	Days On Market 27

Up 6% Vs. Year Ago	Up 6% Vs. Year Ago	Up 8% Vs. Year Ago	Up 4% Vs. Year Ago


		Units Sold There was an increase in total units sold in February, with 57 sold this month in Lakeside and Dumbarton Real Estate. This month's total units sold was higher than at this time last year.
Active Inventory Versus last year, the total number of homes available this month is higher by 4 units or 6%. The total number of active inventory this February was 76 compared to 72 in February 2018. This month's total of 76 is lower than the previous month's total supply of available inventory of 89, a decrease of 15%.
		Median Sale Price Last February, the median sale price for Lakeside and Dumbarton Homes was $199,975. This February, the median sale price was $216,300, an increase of 8% or $16,325 compared to last year. The current median sold price is 6% higher than in January. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 55	Current Contracts 58	Sold Vs. List Price 98.9%	Months of Supply 1.3

Down -26% Vs. Year Ago	Down -17% Vs. Year Ago	Down -1.1% Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In February, 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 55 homes newly listed for sale in Lakeside and Dumbarton compared to 74 in February 2018, a decrease of 26%. There were 58 current contracts pending sale this February compared to 70 a year ago. The number of current contracts is 17% lower than last February.
		Sale Price to List Price Ratio In February, the average sale price in Lakeside and Dumbarton was 98.9% of the average list price, which is 1.1% lower than at this time last year. Days on Market This month, the average number of days on market was 27, higher than the average last year, which was 26, an increase of 4%.


	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.