The real estate market in Beaverton Oregon finished April with 168 closed sales, which is up over the 161 and 115 closed sales recorded during March and February respectively. Of the 168 closed sales in April, 59 were distressed properties (foreclosures/short sales) representing 35% of the closed sales for the month. As of the end of April, distressed properties accounted for 36% of the active listing inventory. There were 3 closed sales of homes valued at $500K or more during April and a total of 6 over the three month period of February – April.
The inventory level is lowest in the up to $250K price bracket at 5.8 months and overall it is at 6.2 months worth across all price brackets based solely on the April closed sales rate. Looking back over the last three months average closed sales rate, the inventory picture increases to 7.0 months worth across all price brackets.
The average sold price in April was $219K which is an increase of $16K, compared to $203K in March. Similarly, the median sold price in April increased to $197K, up from $177K in March. The average price of the active listings was $239K as of the end of April while the median price for the active listings was $210K during the same period.