Featherstone, River Bend Estates, and Southern Woodbridge Housing Market Data

There was a decrease in total units sold in April, with 65 sold this month in Featherstone, River Bend Estates, and Southern Woodbridge Real Estate versus 70 last month, a decrease of 7%. This month's total units sold was lower than at this time last year, a decrease of 20% versus April 2012.

Click here to compare the units sold of this area against other locations.

Versus last year, the total number of homes available this month is lower by 106 units or 54%. The total number of active inventory this April was 90 compared to 196 in April 2012. This month's total of 90 is lower than the previous month's total supply of available inventory of 105, a decrease of 14%.

Click here to compare the active inventory of this area against other locations.

Last April, the median sale price for Featherstone, River Bend Estates, and Southern Woodbridge Homes was $229,900. This April, the median sale price was $250,000, an increase of 9% or $20,100 compared to last year. The current median sold price is 2% lower 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.

Click here to compare the median sale price of this area against other locations.

In April, there was 1.4 months of supply available in Featherstone, River Bend Estates, and Southern Woodbridge, compared to 2.4 in April 2012. That is a decrease of 43% versus 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.

Click here to compare the months of supply of this area against other locations.

This month there were 105 homes newly listed for sale in Featherstone, River Bend Estates, and Southern Woodbridge compared to 97 in April 2012, an increase of 8%. There were 100 current contracts pending sale this April compared to 80 a year ago. The number of current contracts is 25% higher than last April.

Click here to compare the new listings of this area against other locations.

Click here to compare the current contracts of this area against other locations.

In April, the average sale price in Featherstone, River Bend Estates, and Southern Woodbridge was 98.6% of the average list price, which is similar compared to a year ago.

Click here to compare the sale price to list price ratio of this area against other locations.

This month, the average number of days on market was 23, lower than the average last year, which was 51, a decrease of 55%.

Click here to compare the days on market of this area against other locations.




Focus On: Featherstone, River Bend Estates, and Southern Woodbridge Housing Market			April 2013
Zip Code(s): 22191
Units Sold 65	Active Inventory 90	Median Sale Price $250,000	Days On Market 23

Down -20% Vs. Year Ago	Down -54% Vs. Year Ago	Up 9% Vs. Year Ago	Down -55% Vs. Year Ago

iCharts		Units Sold There was a decrease in total units sold in April, with 65 sold this month in Featherstone, River Bend Estates, and Southern Woodbridge Real Estate versus 70 last month, a decrease of 7%. This month's total units sold was lower than at this time last year, a decrease of 20% versus April 2012. Click here to compare the units sold of this area against other locations.
Active Inventory Versus last year, the total number of homes available this month is lower by 106 units or 54%. The total number of active inventory this April was 90 compared to 196 in April 2012. This month's total of 90 is lower than the previous month's total supply of available inventory of 105, a decrease of 14%. Click here to compare the active inventory of this area against other locations.		iCharts
iCharts		Median Sale Price Last April, the median sale price for Featherstone, River Bend Estates, and Southern Woodbridge Homes was $229,900. This April, the median sale price was $250,000, an increase of 9% or $20,100 compared to last year. The current median sold price is 2% lower 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. Click here to compare the median sale price of this area against other locations.



New Listings 105	Current Contracts 100	Sold Vs. List Price 98.6%	Months of Supply 1.4

Up 8% Vs. Year Ago	Up 25% Vs. Year Ago	No Change Vs. Year Ago	Down -43% Vs. Year Ago

iCharts		Months of Supply In April, there was 1.4 months of supply available in Featherstone, River Bend Estates, and Southern Woodbridge, compared to 2.4 in April 2012. That is a decrease of 43% versus 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. Click here to compare the months of supply of this area against other locations.
New Listings & Current Contracts This month there were 105 homes newly listed for sale in Featherstone, River Bend Estates, and Southern Woodbridge compared to 97 in April 2012, an increase of 8%. There were 100 current contracts pending sale this April compared to 80 a year ago. The number of current contracts is 25% higher than last April. Click here to compare the new listings of this area against other locations. Click here to compare the current contracts of this area against other locations.		iCharts
iCharts		Sale Price to List Price Ratio In April, the average sale price in Featherstone, River Bend Estates, and Southern Woodbridge was 98.6% of the average list price, which is similar compared to a year ago. Click here to compare the sale price to list price ratio of this area against other locations.
Days on Market This month, the average number of days on market was 23, lower than the average last year, which was 51, a decrease of 55%. Click here to compare the days on market of this area against other locations.		iCharts



Featherstone, River Bend Estates, and Southern Woodbridge are defined as properties listed in zip code/s 22191.
*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 MRIS 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 MRIS or Long & Foster Real Estate, Inc.